* The BSE Sensex made another all-time high this week.
* ICICI Bank (IBN) and HDFC Bank (HDB) show no signs of slowing down as both Indian banks continue their strong run.
* Infosys (INFY) is near its 52-week high.
* Rediff (REDF) came out with good 2Q numbers but nothing spectacular. Rediff didn’t fare too well after earnings because the expectations were sky high. However, when you compare Rediff to Sify’s (SIFY) portal division, there is no competition, as Rediff blows away Sify. This is even after Sify’s portal division has multiple websites such as Sify.com, Samachar.com, Sifymax.com, Mumbailive.in and Bangalorelive.in.
Rediff's revenues grew by 53% YoY while net income increased to US$1.50 million from US$0.31 million in the same quarter last year.
Disclosure: I own SIFY.