The Conference Board Leading Economic Index® for India Declined Slightly in September (via PR Newswire)
MUMBAI, India, Oct. 24, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index®(LEI) for India decreased 0.2 percent in September. The index stands at 175.8 (2004 = 100), following a 2.1 percent decline in August and a 0.9 percent increase…
Here are charts from the release.
The S&P BSE Sensex tested its record closing high today "amid speculation that capital inflows will accelerate as company earnings exceed estimates," according to Bloomberg. Here's a 5 year chart of the S&P BSE Sensex versus the Indian Rupee (INR/USD) courtesy of Yahoo Finance. You can see that they started to diverge in 2012. It's interesting because the Reserve Bank of India has been trying to fend off inflation with slowing growth. The S&P BSE Sensex is currently at 20,962.14, up 0.93%, after hitting a high of 21,039. On November 5, 2010, the Sensex hit a high of 21,108 and closed at 21,004.
State Bank of India helped a gauge of 13 lenders climb to a one-month high after the government said the bank is among 20 state-owned lenders that will receive 140 billion rupees ($2.3 billion) to guard against bad debts. Tata Motors Ltd. (TTMT), owner of Jaguar Land Rover, climbed the most on the index today.