Word: sensex
(lookup in dictionary)
(lookup stats)
Dates: during 2005-2005
Sort By: most recent first
(reverse)
Officials and business leaders meeting in New Delhi could not have asked for more auspicious news as they gathered last week for the World Economic Forum's annual India Economic Summit. While the three-day event was in progress, the Bombay Stock Exchange's Sensex index hit all-time highs. That milestone was followed by the cheering news that the Indian economy grew at an 8% rate during the quarter ending Sept. 30, underscoring once-moribund India's claim to being the fastest-growing free-market democracy in the world...
...frothy market, the media are feeding the euphoria. TV viewers are treated to a regular CNBC program called Wizards of Dalal Street, showcasing the wisdom of local investment gurus. Another channel, NDTV Profit, offers a rival show called Big Fish (not to mention Sensex and the City). Indian business publications pile on with intoxicating headlines like THESE IPOS CAN MAKE YOU A SUPERSTAR INVESTOR...
...student might seem foolhardy, but everyone these days seems to be groping for a way to get rich off India. Foreign institutional investors poured $8.9 billion into Indian equities in 2004 and $3 billion so far this year, up from $750 million in 2002. Awash in cash from overseas, Sensex--India's main stock index--has more than doubled in two years to hit a recent all-time high. As Udwadia puts it, "astute foreign investors" recognize that India's rise is "a unique opportunity...
...income is soaring 11% a year, and Indian corporations are more competitive than ever before. Yet this flood of hot--and often naive--foreign money into Indian stocks has me spooked. The Indian market has often proved a terrific place to lose money. If you had bet on the Sensex in, say, 1992, you would have been 30% poorer by 2003. But today there is an endless new supply of India-focused mutual and hedge funds, many with wonderfully alluring names like (my favorite) the Monsoon India Inflection Fund...
...frothy market, the media feed the euphoria. Indian TV viewers are now treated to a regular CNBC program called Wizards of Dalal Street, showcasing the wisdom of local investment gurus. Another channel, NDTV Profit, offers a rival show called Big Fish, as well as one called Sensex and the City. Indian publications pile on with headlines like THESE IPOS CAN MAKE YOU A SUPERSTAR INVESTOR...