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Indian Stocks Weekly and YTD Percentage Gain/Loss Chart:
| Stocks |
Weekly % |
YTD % |
| BSE Sensex |
0.09% |
13.18% |
| India Fund (IFN) |
8.02% |
8.28% |
| HDFC Bank (HDB) |
5.23% |
21.61% |
| Sterlite Ltd. (SLT) |
4.67% |
20.16% |
| MS India Fund (IIF) |
4.24% |
-8.15% |
| IPATH ETNS (INP) |
3.72% |
24.27% |
| ICICI Bank (IBN) |
1.73% |
6.36% |
| Videsh Sanchar (VSL) |
0.72% |
3.26% |
| Tata Motors (TTM) |
0.71% |
-14.99% |
| WNS Holdings (WNS) |
0.50% |
-41.80% |
| Mahanagar Tel. (MTE) |
0.42% |
13.96% |
| Genpact (G) |
-0.88% |
4.00% |
| Infosys (INFY) |
-1.07% |
-13.20% |
| Dr. Reddy’s (RDY) |
-1.23% |
-10.94% |
| Rediff (REDF) |
-1.33% |
-19.29% |
| Satyam (SAY) |
-1.72% |
-0.33% |
| Patni Computers (PTI) |
-2.25% |
9.52% |
| Sify (SIFY) |
-3.07% |
-23.71% |
| Wipro (WIT) |
-3.26% |
-14.68% |
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| Stocks |
Weekly % |
YTD % |
| BSE Sensex |
1.77% |
13.08% |
| Dr. Reddy’s (RDY) |
2.64% |
-9.83% |
| Mahanagar Tel. (MTE) |
2.17% |
13.48% |
| Infosys (INFY) |
0.02% |
-12.26% |
| Rediff (REDF) |
-0.13% |
-18.21% |
| MS India Fund (IIF) |
-0.13% |
-11.89% |
| Tata Motors (TTM) |
-0.29% |
-15.58% |
| IPATH ETNS (INP) |
-0.76% |
19.81% |
| India Fund (IFN) |
-0.95% |
0.24% |
| ICICI Bank (IBN) |
-1.19% |
4.55% |
| WNS Holdings (WNS) |
-1.32% |
-42.09% |
| HDFC Bank (HDB) |
-2.29% |
15.57% |
| Sify (SIFY) |
-2.72% |
-21.30% |
| Videsh Sanchar (VSL) |
-3.42% |
2.52% |
| Wipro (WIT) |
-3.49% |
-11.81% |
| Sterlite Ltd. (SLT) |
-3.50% |
14.81% |
| Satyam (SAY) |
-4.43% |
1.42% |
| Patni Computers (PTI) |
-10.77% |
12.04% |
| Genpact (G) |
-11.08% |
4.93% |
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Wall Street Journal is out with a bullish article on the Indian Banking sector. You can read the article here (Subscription Required).
Following are the key points from the article:
- Indian Banks have minimal exposure to subprime debt.
- The recent curbs by the government on overseas funding will drive growth in the current fiscal year.
- “With companies forced to seek more funding at home, banks will be able to keep interest rates firm and improve asset quality by booking more blue-chip corporate loans — allaying worries about an upturn in bad consumer loans”
- Analysts and fund manager believe Indian Banks could see 20% upside in the next 12 months.
- Indian companies can only borrow up to $20 million from the overseas markets in one financial year. Also, they will need permission from the Central Bank and show they require funds for expenditure needs.
- ICICI Banks (IBN) was mentioned as a pick by one of the analysts.
I have been recommending both US listed Indian Banks, ICICI Bank (IBN) and HDFC Bank (HDB) for a long time and see no reason to stop now. These should be part of your key long term holdings and provide international exposure to your portfolio. The key right now is to find a good entry point with the way the market is acting right now. Any major downside should be considered an opportunity to start building a position small portions at a time. I myself plan to do the same.
* No position in HDB or IBN
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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 1Q.
The best way to invest in the Indian economy is via the two India banks HDFC Bank (HDB) and ICICI Bank (IBN) and the India based ETF (INP). All three have roared back along with the Sensex after going down with the overall market. Being patient and finding a good entry point is the key here.
* No position in HDB, IBN and INP. Subject to change anytime.
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Indian Stocks Weekly Report:
- BSE Sensex 6.20%
- Patni Computers (PTI) 15.00%
- Videsh Sanchar (VSL) 7.11%
- Wipro (WIT) 6.79%
- Sterlite Ltd. (SLT) 6.60%
- IPATH ETNS (INP) 6.42%
- HDFC Bank (HDB) 5.16%
- ICICI Bank (IBN) 4.66%
- Satyam (SAY) 4.21%
- India Fund (IFN) 3.57%
- Mahanagar Tel. (MTE) 3.44%
- Sify (SIFY) 3.21%
- Tata Motors (TTM) 3.04%
- MS India Fund (IIF) 2.73%
- Dr. Reddy’s (RDY) 2.32%
- Infosys (INFY) 1.47%
- WNS Holdings (WNS) -0.38%
- Rediff (REDF) -1.12%
- Genpact (G) -2.42%
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Indian Stocks Weekly Price Change:
- BSE Sensex 2.00%
- Genpact (G) 20.93%
- Patni Comp. (PTI) 18.60%
- Sterlite Ltd. (SLT) 10.05%
- Sify (SIFY) 4.62%
- Rediff (REDF) 3.53%
- MS India Fund (IIF) 1.68%
- Dr. Reddy’s (RDY) 0.91%
- HDFC Bank (HDB) 0.42%
- India Fund (IFN) -0.11%
- Infosys (INFY) -0.23%
- Satyam (SAY) -0.41%
- Tata Motors (TTM) -0.48%
- IPATH ETNS (INP) -0.50%
- Wipro (WIT) -0.87%
- Mahanagar Tel. (MTE) -1.04%
- ICICI Bank (IBN) -1.05%
- Videsh Sanchar (VSL) -1.31%
- WNS Holdings (WNS) -10.42%
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