Gold Silver Reports (GSR) – HDFC Bank Rises After ADRs Surge 9% Overnight – Shares of the country’s largest private sector lender rose as much as 4.48 percent to record high of Rs 2,126 following sharp surge in HDFC Bank ADR shares overnight. HDFC Bank shares will be opened for FII buying starting tomorrow. Macquarie estimates that buying by foreign investors in HDFC Bank shares could be in excess of $1 billion.
Mid And Small Caps Underperform Larger Peers
Gold Silver Reports (GSR) – Mid And Small Caps Underperform Larger Peers….. Shares of mid- and small-cap companies were underperforming their larger peers…… The S&P BSE MidCap index fell 0.6 percent and the S&P BSE SmallCap index declined 0.8 percent… compared with S&P BSE Sensex which rose marginally to 35,492…