Before August 19, the last time the Sensex index touched 18,400 was just after its all-time peak of January 2008. India’s capital markets had just recorded the country’s biggest IPO and confidence was running high. Of course, the Reliance Power listing proved to be a disaster and the markets collapsed. Is it different this time? India has much to crow about. Solid economic growth and a stable political environment have combined to draw crowds of international investors to its capital markets, while the country’s corporate leaders are back on...Read more
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