India
Is India Stock Market Building Another Bubble?
The main stock market index the Bombay Sensex is up 79.6% year-to-date. Is this astonishing rise justified by fundamentals in the economy or is the Indian stock market forming another big bubble?. In this post let me present some points to indicate that the stock market in India is in fact forming a bubble that [...]
Rising NPAs of Indian Banks Need Not be a Worry
Back in April this year, the rating agency Crisil warned that gross Non-Performing Assets (NPA) of banks in India may reach 5% by 2011. Most of the rise in NPA will be due to problems with commercial loans. ICICI Bank’s (IBN) NPA stood at 4.33% in May a 1% increase over the previous year. The [...]
Are Indian Bank Stocks a Good Bet Now?
According to an article in one of the India’s business newspapers, Indian bank stocks are being bought heavily the government-owned insurance company, Life Insurance Corporation of India (LIC). This bodes well for Indian bank ADRs such as ICICI Bank’s IBN and HDFC Bank’s HDB. The main stock market index of India, Sensex returned an incredible [...]
Are Indian Banks Better than Western Banks?
Banks in India seem to be faring much the banks in the Western world. In a recent article, The Banker magazine says that though India has been affected by the global downturn its banking system has survived due to the bold actions taken by the Duvvuri Subbarao, the Governor of the Reserve Bank of India.The [...]
India’s Sensex – The Wild Ride Continues
India’s stock market index Sensex closed below 10,000 again yesterday. The 2-year chart is ugly as shown below. India Stock Market Index – Sensex Chart2-Years: The following are my past articles about the stock market there: India: Making Sense of the Sensex bubble Recently I wrote: The Incredible India Growth Story – Interrupted More on [...]
The Incredible India Growth Story – Interrupted
Taj Mahal, India The main stock market index in India called the Sensex plunged 606 points to close below the psychologically important level of 10,000 at 9975 yesterday(Oct 17th). After reaching a peak of 21,200 in January the index has fallen by 53% in just nine months. Similar to the other three BRIC countries, India [...]
