Thursday, January 11, 2007

NYSE and 3 other banks bought 20% of India's leading stock exchange.

NYSE and 3 other banks bought 20% of India's leading stock exchange. They valued the exchange at $2B.
THIS IS VERY SIGNIFICANT NEWS. India is now a developed market with this buy (it is still a developing country) and chances of Government doing somethings stupid to derail privatization are significantly less.
The Indian Market will rally VERY VERY HARD on this news this year IMO.
INP is the way to play the market. It is in Index share listed on Amex.
This is probably the most significant news about India Investing after Calpers declared India Investment Worthy a couple of years ago.

Full story at:
Sanjay


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