From The Reformed Broker:
Today, we have a very special treat -- Nitin Rao is a blogger in the Indian markets, but he blogs in English at his brand new site Alpha Ideas. As regular readers know, I'm fascinated with the markets of emerging and frontier nations. As such, I've asked Nitin to write a guest post to reveal some not-so well-known facts on the Indian markets. This is great stuff.
Ten Things You Need to Know About India's Stock Market
1. Equity Averse: Indians are hugely equity averse. Only 1.2% of the Indian household financial savings is directly invested in shares (2010-2011). This amounts to a laughable figure of $2.5 billion for the entire Indian household population.
2. Low Participation: In a country of 1.2 billion, there are only 20 million demat accounts (ed: a dematerialised account for individual Indian citizens to trade in listed stocks or debentures in electronic form) and 248 portfolio managers.
3. Foreigners versus Locals...
Read full article...
More on India:
Forget China... This country could be the next huge energy producer
An "insider" interview from one of the world's biggest buyers of gold
Contrarian alert: Stocks in India are getting killed... now at 14-month lows