Word: chokhani
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Dates: during 2000-2009
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...that one of the U.S.'s best-known hedge funds had given him $5 million to invest in Indian stocks--never mind that he hadn't yet graduated. "The joke going around was that if you had an Indian girlfriend when you were at college in Boston," says Manish Chokhani, director of Enam Securities, one of India's biggest brokerage firms, "you could have stood on a street corner and raised $200 million to invest in India...
...investors, much of the fun has stopped. After peaking in early May, the Sensex plunged 30% in a matter of weeks, at one point tumbling 10% in just two hours. "It feels like the hangover after a big party," Chokhani says. Indian stocks rallied dramatically late last week, but for U.S. investors eyeing this mayhem from afar, the Indian market looks as risky as it is tempting. With stock prices down, is this the moment to invest on the cheap in what many believe will be the world's fastest-growing economy over the next 50 years...
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