Sunday, October 21, 2007

Indian stock market stepped down.

Indian Stock Market is down from Wednesday after Indian regulators revealed plan to ban unregistered foreign institutional investors to put money on local market. This could be negative for future outlook as hot BSE index was fuelled by foreign money. Is is good time to pick cheaper Indian stocks (ADRs)? Or good time to exit? Here you have major Indian ADRs traded on US markets.

CTSH - Cognizant Technology Solutions
IBN - Icici Bank ADS
INGR - Intergraph Corp
INFY - Infosys Technologies ADS
SAY - Satyam Computer Svcs ADS
SIFY - Sify Ltd ADS
REDF - India ADS
RDY - Dr. Reddy's Labs ADS
VSL - Videsh Sanchar Nigam Ltd ADS
SSI - SpectraSite Inc WIT Wipro Ltd ADS
MTE - Mahanagar Tel Nigam ADS
HDB - Hdfc Bank ADS


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