Jeff Chowdhry


Jeff Chowdhry News

  • Sensex Rises as Indian Technology Shares Gain Before Fed Result

  • Foreigners Flee Indian State Companies on Intervention

    Foreign investors are cutting their holdings in India’s state-controlled companies to a three-year low as Prime Minister Manmohan Singh’s government sacrifices shareholder return to revive the weakest economy in nine years.

  • BIITS Replacing BRICs as Emerging Markets Not a Blanket Buy

    Emerging markets risk shattering into BIITS.

  • India’s Sensex Drops Before Derivatives Expiry as ONGC Declines

    Sensex -0.2% at 25,313.74 * CNX Nifty -0.1%, volume 45% below 30-day avg.; BSE 100 -0.1%; BSE 500 little changed * Rupee ends little changed at 60.1325 per dollar after earlier weakening to one-week low on concern higher global oil prices, inadequate rainfall will spur inflation * BSE 100 gainers: Ashok Leyland +6%, Rural Electrification +4.5%, Power Finance +3.3% * BSE 100 decliners: Yes Bank -3%, Idea Cellular -2.7%, Oil & Natural Gas Corp -1.4%, JSW Steel Ltd -1.4% * Monsoon, higher oil prices are “short-term headwinds” for mkt, Jeff Chowdhry, head of emerging-market stocks at London- based F&C Asset Management, which oversees about $150b, tells Bloomberg TV India; foreign investors to favor India if govt. “pushes reforms” to tackle budget deficit and subsidies * NOTE: Govt. to present federal budget on July 10; PM Narendra Modi says he’s prepared to take unpopular measures to revive economy growin

  • Indian ADRs Post Biggest Drop in a Week on Budget Concerns

    Indian stocks traded in New York dropped the most in a week, following shares in Mumbai lower, amid concern the nation’s budget lacks measures to curb expenditure key to containing the fiscal gap.

  • Indian ADRs Post Biggest Drop in a Week on Budget Concerns

    Indian shares traded in New York dropped the most in a week, following shares in Mumbai lower, amid concern the nation’s budget lacks measures to curb expenditure key to containing the fiscal gap. Stock futures fell in Singapore and rupee forwards sank to near a six-week low.

  • India’s Nifty Futures Rise After Biggest Index Tumble in 2 Weeks

    Indian stock-index futures gained after the biggest loss in the benchmark index in more than two weeks yesterday.

  • Indian Stocks Fall to 7-Week Low on Earnings; ITC, Banks

    Indian equities retreated to the lowest level in seven weeks as concerns over slowing company earnings countered speculation U.S. and European central banks may take fresh stimulus steps.

  • Foreign Funds Sell Most Indian Equities in Two Years in June

    Foreign investors withdrew the most money from Indian stocks in June in about two years on concern the nation’s public finances will worsen when the U.S. Federal Reserve starts tapering its monetary stimulus.

  • Outflows Inspire ICICI’s Picks as Rupee Tumbles: Corporate India

    ICICI Prudential Asset Management Co., India’s third-largest money manager, is picking exporter stocks as concerns the U.S. will phase out stimulus caused the rupee to plunge and foreign funds to dump equities and debt.

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