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Inflation set to curtail Indian stock market returns

June 15, 2010  

From Aaron Pan

Analysts are turning bearish on Indian stocks after the latest government statistics revealed that inflation hit double figures in May, making further interest rate hikes more likely.

India’s endemic inflation problems will curb the country’s stock market returns for the foreseeable future, according to analysts.

The benchmark Sensex index was one of the biggest winners last year as it surged nearly 80%. Its performance has...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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