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Bob Carey
Chief Market Strategist
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  India's Stock Market Rebounding Despite Stubborn Inflation
Posted Under: International-Global
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View from the Observation Deck

  1. At the close of 2010, India's stock market had posted the top cumulative total return (Bombay 500 up 217.1%) of all the major markets since the end of the previous bear market on 3/9/09.
  2. Like Brazil and China, India experienced a significant jump in inflation beginning in 2010. Its CPI rate stood slightly above 7.5% in February 2012, but did hit the 10% level in September 2011.
  3. India's target rate for inflation is closer to 5.0%.
  4. The Reserve Bank of India (RBI) raised its benchmark lending rate 13 times between March 2010 and October 2011. It hiked rates a total of 375 basis points to 8.50%.
  5. The Bombay 500 Index declined by 38% (USD) in 2011, but has appreciated 23% (USD) in 2012 (as of 4/4). Stock market gains of 20% or more are regarded as bull markets.
  6. Since 1986, the average bull market in India has returned 111% and lasted 394 days, according to Bespoke Investment Group.
Posted on Thursday, April 5, 2012 @ 4:23 PM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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