Indian Stocks Have Banner Week

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Includes: HDB, IBN, IFN, IIF, INP, VEDL, VSL
by: Himanshu Pandya

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 (NYSE:HDB) up 19%
  • Sterlite (SLT) up 20%
  • ICICI Bank (NYSE: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:

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