The iShares MSCI India ETF (INDA) tracks the MSCI India Total Return Index, representing about 85% of the Indian stock market. As a follow up to our earlier post on the historical volatility of the NIFTY , we thought we’ll compare the volatilities of INDA and SPY, the S&P 500 ETF.
As expected, a dollar denominated emerging market ETF is more volatile than the S&P. File this away in your brain attic.
Did ONGC’s gas pass through RIL’s holes? ONGC’s Godavari Block is contiguous to RIL-operated KGD6. The reservoir in the two neighbouring blocks are connected, which means there exists one big gas resource several meters below sea bed and does not recognise man-made boundaries that demarcate blocks of ONGC and RIL. (ET) RELIANCE 885.90 -3.20 (-0.36%)ONGC 263.00 5.35 (2.08%)
Rajan: financial inclusion should not be pressed beyond a point because beneficiaries may not have the capacity to make use of funds being made available to them. (NDTV)
Now, banks can provide home loans up to 90% for properties that cost up to Rs 30 lakh (was Rs 20 lakh earlier.) (DNA, #regulation)
Most brokerages expect net profit of the 30 companies on the Sensex to grow by low single digits. (LiveMint)
China’s near-term economic prospects seem to be improving. (FT)
Modi to tell states to raise electricity prices. Penalizing honesty. (BT)
Its official, Aadhaar is useless. Rs 5630 crore down the drain. Probably the biggest scam in Indian history. (IE)
Coffee Day IPO. Avoid. Pick it up after a year once we know more. (LiveMint, #ipo)
Artemisinin, the newest treatment for malaria, is derived from a plant used for that purpose in China for well over 2,000 years. The idea was developed originally in a secret Chinese project designed to help keep North Vietnamese soldiers malaria-free during the Vietnam war. (Economist)
Barclays: the removal of QE made the market more volatile but the loss of oil cash flow to assets is probably having a similar effect, since it suspends the ability of oil producers to print hard currency. This means that something in the region of $400bn of incremental annual demand has been lost. (FT)