Asia Stocks To Watch

[LordOfMud]

good news for those wanna invest in India   :surprised-038:

Emerging Markets Near Record Outflow: India Is The Most “Crowded”

Call it capitulation if you will. Emerging markets funds reported $5.9 billion outflow last week, putting year-to-date outflow to $38.2 billion, just shy of the record outflow of $39 billion in 2008.

Emerging Asia funds reported $4.1 billion outflow, versus $1.6 billion in previous week.

India appears to be the emerging markets safe haven. UBS calculated 2-year cumulative net flows into each market, adjusted for their performance, and concluded that India was the most “crowded” emerging market, followed by Qatar, Russia (believe it or not!), and Brazil. On the other end of the spectrum, the UAE and the Philippines are the least “crowded.”

How do we interpret this? Is it good that India is the most “crowded” emerging market? On the one hand, it is considered relatively safe, so if you have to park your money somewhere in the emerging markets asset class, India is the place to be. On the other hand, if global investors are blindly pulling out, India could take a hit.

India is certainly not immune to selloffs. The rupee hit a two-year low today trading at 66.61 per dollar, while the BSE Sensex Index slumped 5%. ICICI Bank (IBN) slumped 7.7%, oil giant Reliance Industries (500325.India) retreated 7.7%, Tata Motors (TTM) fell another 6.9%. This month, the WisdomTree India Earnings Fund (EPI) fell 9.5%, the iShares MSCI India ETF (INDA) dropped 7.9%.

[ronitreddy]

Correct

[Thunders]

i will buy VEDL at @ 20

Tatasteel @100

 

icici bank @100

Reliance @ 400

infy@ 400 

 

:sleep: