BSE Sensex roared back this past week by gaining almost 10% week-over-week. The previous 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.

  • Videsh Sanchar (VSL) up 28%
  • HDFC Bank (HDB) up 19%
  • Sterlite (SLT) up 20%
  • ICICI Bank (IBN) up 21%
  • INP, IIF and IFN all up around 12%

click to enlarge

* Dividends not included

Indian Stocks Weekly and YTD Price gains - Week ending Oct. 26, 2007:

Himanshu Pandya

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This article has 3 comments:

  •  
    Oct 30 09:51 AM
    IMO, the best way to invest in India for an US investor is through IFN. Not only that it is trading at a 12% discount, it has a decent dividend yield. IFN also buys back 5% of its outstanding shared on a semi annual basis right at the NAV. Which is a definite bargain when the fund is trading at a discount.

    I am invested in IFN. Since I did not trust the NAV calculations of CEF, I painstakingly constructed a Yahoo Finance portfolio of all IFN holdings. The strength of the mix is amazing and the fund managers are doing a spectacular job. For example today, when the BSE is down 1%, IFN's NAV increased by 0.4%. Currently the total holding's value is tantalizingly close to 3Billion!

  •  
    Oct 30 10:06 AM
    IMO, the best way to invest in India for an US investor is through IFN. Not only that it is trading at a 12% discount, it has a decent dividend yield. IFN also buys back 5% of its outstanding shared on a semi annual basis right at the NAV. Which is a definite bargain when the fund is trading at a discount.

    I am invested in IFN. Since I did not trust the NAV calculations of CEF, I painstakingly constructed a Yahoo Finance portfolio of all IFN holdings. The strength of the mix is amazing and the fund managers are doing a spectacular job. For example today, when the BSE is down 1%, IFN's NAV increased by 0.4%. Currently the total holding's value is tantalizingly close to 3Billion!

  •  
    Nov 05 07:54 AM
    The IFN Portfolio :

    finance.yahoo.com/p;_ylt=Aqb2Xk7nwXeCJRN5...
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