Markets

Indian Stocks Finally Bounce After Weeks Of Losses

Perhaps Indian markets were simply a bit oversold after the big recent meltdown. From Bloomberg :

The S&P BSE Sensex climbed 1.6 percent, the most in more than two weeks, as shares of metals and consumer goods companies rose. It had fallen 0.9 percent on Monday to the lowest level since Nov. 21, after Prime Minister Narendra Modi hinted at raising taxes on income earned from share trading.

The selling probably hasn't completely ended yet, however:

The iShares MSCI India ETF ( BATS:INDA ) rose $0.07 (+0.29%) to $26.18 per share in Tuesday morning trading. Year-to-date, the largest ETF tied to Indian equities has declined -4.07%, versus a 10.71% rise in the benchmark S&P 500 index during the same period.

INDA currently has an ETF Daily News SMART Grade of C (Neutral) , and is ranked #42 of 80 ETFs in the Asia Pacific Equities Ex-China ETFs category.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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