Indian ADR Week-in-Review: Buying Opportunity Missed?
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I was hoping for the Sensex to go below the 12,000 point mark before starting a position in some blue chip Indian stocks but it seems like I missed the opportunity so far. Sensex rebounded strongly last week to close the week at 13,285.93 and never went below the 12,000 point level that I was hoping for before starting a position.
Let’s look at the performance of Indian stocks from last week:
The thing is that you can expect the Sensex to go down just as swiftly as it went up last week.
The stocks and Funds I am targeting for now are:
• ICICI Bank (NYSE: IBN)
• HDFC Bank (NYSE: HDB)
• Indian Fund (NYSE: IFN)
• MS India Fund (NYSE: IIF)
• IPATH ETNS (NYSE: INP)
I also like:
I consider all of above mentioned companies to be blue chip stocks and would love to invest in them for the long term.
I am definitely going to keep an eye on both the Indian banks IBN and HDB and also INP which is an ETF.
Disclosure: I don’t own any of the stocks mentioned above.
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This article has 1 comment:
Bharti Airtel Limited Symbol: BHARTIARTL-BY (C000080767)
Bharti Airtel (National India) -INDNT - BHARTIARTL.EQ-IN
H-5/12 Mehrauli Road Exchange: INDNT CUSIP: S&P GICS: 50102010
New Delhi, DELHI 110 030 IND Sector: Telecommunications SEDOL: 6442327 Wireless Telecommunication Services
www.bhartiairtel.in Industry: Mobile Telecommunications Company Status: Active
Business Description
Bharti Airtel Limited Formerly known as Bharti Tele-Ventures Limited. The Group's principal activity is to provide mobile telecommunication services in India. The Group also provides fixed-line, VSAT, Internet and broadband services. The Group has commenced offering national and international long distance services. The Group operates in four segments: Mobile, Fixed Line, Long Distance and Broadband Services.
its been great and I only expect it to continue