Thursday, April 6, 2006

India's Euphoric Market

Read the article on the net. The article is dated April 1, 2006.

"...India is taking steps to convert its own currency. Last month, Mumbai charged India's central bank and its finance ministry with producing a "road map" to fuller convertibility of the rupee. That has sent the already hot Indian stock market even higher. Thus, the Mumbai Sensitives are up 20% to 11,357 this year, just off the all-time high, as global investors scarf up India's largest, most liquid names. India is viewed as a stronger story than China, with a more developed consumer market and middle class, a rule of law and a lengthy history of entrepreneurship."

"...the star performers among the world's auto shares is Tata Motors, whose market value is now $7.9 billion -- two-thirds that of General Motors (GM)..."

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