The Structure of the Tata Group of India

The economies of many emerging and frontier markets are dominated by a small group of companies owned by powerful families. Next to state-owned enterprises these companies usually conglomerates are the major employees in a country. Majority ownership of companies by families has both advantages and disadvantages which I will discuss in a future post. Family-owned …

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Stock Market: India Outperforming Other BRIC Countries

Indian stocks have outperformed so far this year relative to Brazil, Russia and China. The benchmark S&P BSE Sensex is up by 8.3% this year as of Sept 25th. From a journal article on Indian stocks today: Click to enlarge Once lumped in with a block of emerging markets termed the BRICs—Brazil, Russia, India and China—India …

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On The Current Valuation of India Stock Market

The Indian equity market is under-performing so far this year. The benchmark S&P Sensex index is down 2% year-to-date compared to S&P 500’s gain of 1.05%. Among emerging markets China is down much higher than India but Brazil is up by about 24% as Brazilian equities are recovering due to clarity on the political crisis …

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Duration of Bull and Bear Markets in Indian Stock Market

S&P BSE Sensex Index, the benchmark of India’s equity market is down 4.5% year-to-date. Though the index closed at 24, 952 on Friday,  in February it went below 23,000. During February, the Sensex was in a bear market having fallen over 23% from the previous peak reached in March 2015. Last month the index fell over 800 points …

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