"Gentlemen, some new and existing India ETF's which may be of interest to subscribers. Have fun,"

David Fuller's view Many thanks for this information. SCIN is US$-denominated and listed in the USA. INXX is not yet quoted by Bloomberg but I assume that it will be similarly listed.

All low-cost and reliable instruments for investing in India are to be welcomed. India remains my co-favourite stock market for the very long term and it remains in form, unlike China which has lagged due to the supply of IPOs and is currently trading at attractive valuations. India (weekly & daily) is also my largest holding mainly via the JP Morgan Indian Investment Trust (JII LN) (weekly & daily) which currently sells at a discount to NAV of 8.6%, according to Bloomberg.

The Sensex Index has been ranging with a slight upward bias for over nine months. Interestingly, it remained very steady during Wall Street's most recent sell-off and a close beneath 17,400 would now be required to question scope for an upward break in coming weeks. However for this to happen we will probably need to see Wall Street hold above its recent lows and Reliance Industries (weekly & daily) will need to put in a stronger performance because it accounts for 13.6% of Sensex capitalisation at present. (Note: the downward spike on 1st June is a data error.)

I think that India's strong relative performance recently is due in no small part to the view that it is relatively insulated against the West's debt problems. This is true but I have two concerns: 1) India's valuations are currently higher than for most other countries; 2) India's proposal to require largely private listed companies to increase the public float to at least 25 percent over the next three years. This is good for the long term but could create a supply problem when these secondary offerings occur.

Deepak Lalwani's India Report, which we frequently post, lists ADRs for Indian companies.