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Just like the overall market, Indian ADR’s have struggled since 2008 rolled in.

Note: Videsh Sanchar Nigam Ltd. (VSL) is now called Tata Communications (TCL)
As far as I am concerned the only Indian ADR worth looking at this point is Sterlite (SLT). ICICI Bank (IBN) and HDFC Bank (HDB) are also worth [...]

The chart below tells us more than the performance of the US listed Indian stocks in 2007.  What it tells us is just how strong the Indian economy is and the rise of the Indian consumer. 
The companies that targeted the local Indian consumers and the local Indian market emerged as the clear winners in [...]

Indian Stocks Weekly and YTD Price Change – Week ending November 02, 2007:

Stocks
Weekly %
YTD %

BSE Sensex
3.81%
44.89%

IPATH ETNS (INP)
11.37%
74.83%

India Fund (IFN)
9.60%
38.02%

HDFC Bank (HDB)
7.56%
80.60%

ICICI Bank (IBN)
6.67%
64.13%

Sterlite Ltd. (SLT)
3.46%
84.52%

Wipro (WIT)
2.96%
2.06%

Infosys (INFY)
2.84%
-6.93%

MS India Fund (IIF)
2.59%
15.96%

WNS Holdings (WNS)
-0.09%
-31.61%

Satyam (SAY)
-0.20%
24.03%

Dr. Reddy’s (RDY)
-2.76%
-14.48%

Sify (SIFY)
-3.87%
-21.72%

Mahanagar Tel. (MTE)
-6.52%
40.45%

Genpact (G)
-7.66%
7.57%

Tata Motors (TTM)
-8.33%
-7.09%

Videsh Sanchar (VSL)
-12.95%
40.64%

Rediff (REDF)
-13.18%
-24.46%

Patni Computers (PTI)
-24.17%
-15.19%

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BSE Sensex roared back this week by gaining almost 10% week-over-week.  Last week’s 5% drop didn’t really mean anything as the Indian market is showing no signs of slowing down.  
Just look at some of the gains this week. 

VSL up 28%
HDFC Bank (HDB) up 19%
Sterlite (SLT) up 20%
ICICI Bank [...]

Sensex, India’s Benchmark Index, is up 33.60% YTD.  However, about 30% of those gains have come during the last 8 weeks.  Overheated? 
Also, I just noticed that the one stock that no one talks about (including me) is the Telecom Giant Videsh Sanchar Nigam Limited (NYSE: VSL).  VSL is up about 44% YTD.
The Indian markets have mostly been driven [...]

The Indian economy continued to grow at a blistering rate as it almost hit the double digit growth rate in the April-to-June period.  Manufacturing sector was the leader with the growth rate of 11.9% and the service sector came in right behind at 10.6%.  Agriculture sector continued the disappointing trend with a 3.8% growth in [...]