Monday, April 14, 2014

Indian Market Rallying on Election Hopes

India is in the middle of national elections.  There is strong hope that a technocratic politician will win be nominated prime minister and that his pro-business orientation will help to break the log-jams inherent in Indian politics.

Right now markets have topped out at highs established in early May of last year.  However, the uptrend remains firmly intact.

For more on this, see the NY Times coverage which has been very informative.