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Last week turned out to be a horrendous week for Indian Stocks.  As I write this the Sensex is down another 3% to start the week.  Interesting week ahead for for not just Indian markets but global markets as well. 

* Dividends not included
Indian Stocks Weekly and YTD Price Change – Week ending November 09, [...]

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 [...]

Well, we knew we were going to see a big drop any day now and the Indian market finally obliged last week.  As I write this the Sensex is down another 150 points.  So the question now becomes when can we expect a bottom to pick up some quality Indian Stocks. 
This is just a healthy decline [...]

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 [...]

Indian Stocks Weekly and YTD Price Change – Week ending 10/5/2007: 

Stocks
Weekly %
YTD %

BSE Sensex
2.79%
28.91%

WNS Holdings (WNS)
33.66%
-26.08%

Videsh Sanchar (VSL)
9.03%
25.66%

Infosys (INFY)
8.35%
-3.60%

IPATH ETNS (INP)
7.28%
48.69%

Sterlite Ltd. (SLT)
6.76%
46.95%

Satyam (SAY)
6.33%
14.66%

Wipro (WIT)
5.33%
-5.00%

MS India Fund (IIF)
4.56%
4.64%

HDFC Bank (HDB)
3.57%
48.03%

Tata Motors (TTM)
3.19%
-1.35%

Sify (SIFY)
2.71%
-8.39%

Mahanagar Tel. (MTE)
2.66%
30.02%

Dr. Reddy’s (RDY)
2.57%
-7.29%

ICICI Bank (IBN)
1.48%
27.35%

India Fund (IFN)
0.50%
18.89%

Patni Computers (PTI)
-0.17%
15.00%

Rediff (REDF)
-0.22%
-3.21%

Genpact (G)
-0.53%
20.43%

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