Indian ADR Week-in-Review: Buying Opportunity Missed?

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:

• Tata Motors (NYSE: TTM)
• Infosys (NYSE: INFY)

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.

Comments

[Ryan Baird:]

if you have invest international markets this is my top pick:

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

2007 Apr 05 04:03 PM