From WisdomTree: Financial markets have been jittery for some time now because of concerns that trade tensions could lead to a full-fledged trade war.
From Zainab Calcuttawala: Prime minister Narendra Modi secured key election wins in two states — Gujarat and Himachal Pradesh — on Dec 18.
From WisdomTree: In an African folk tale, a prince can only be coronated when he can sense the faintest noises of the jungle that even most alert predators tend to skip. The world of investing is similar.
From WisdomTree: Last week on our “Behind the Markets” podcast, Jeremy Schwartz and I spoke with Arvind Gupta, who heads the Digital India Foundation and is the head of information technology for India’s ruling political party, the Bharatiya Janata Party (BJP). Mr. Gupta is the architect of India’s various digitization efforts.
The bearish sentiment in the options market surrounding the WisdomTree India Earnings Fund ETF (NYSE:EPI) has been overdone, and the fund is due for a snap-back rally.
From WisdomTree: In many of my previous posts, I have pointed out the case for Indian equities. Some of the focus has been on macro aspects, some on reforms and the rest on market trends.
From Franklin Templeton Investments: India has embarked on a sweeping reform movement under Prime Minister Narendra Modi, which has attracted investors’ attention. Templeton Global Macro CIO Michael Hasenstab recently visited India, and takes a look at some of the reforms he’s most excited about as a global fixed-income investor.
From WisdomTree: I saw this headline on LinkedIn recently: “Nifty will triple in 5 years.”1 The quote was attributed to Ridham Desai, Morgan Stanley’s head of research for Indian equities.
From WisdomTree: On the eve of the implementation of India’s national goods and services tax (GST), we had the pleasure of speaking with Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), and Ridham Desai, who oversees equity research at Morgan Stanley India.
We have seen some appetite late in the week for downside puts in the second largest India equity based ETF in the U.S. listed landscape, EPI (WisdomTree India Earnings, Expense Ratio 0.84%, $1.6 billion in AUM), involving the July 23 strikes.
From Dana Lyons: The Indian stock market is forming a potentially long-term bullish chart pattern.
We recently saw some well-timed put buying in the second largest India equity based ETF, EPI (WisdomTree India Earnings, Expense Ratio 0.83%, $1.3 billion in AUM), involving the December 20 strikes this week, and the ETF has plunged this morning by more than 4%, trading below $20.
In a much-unpublicized move, India appointed a new Reserve Bank Chairperson. Was it the right choice, and what ETFs could benefit the most from his appointment?
This morning in our ETF/Index Options Recap, we speak about call activity in infrequently traded WisdomTree India Earnings Fund ETF (NYSE:EPI) (Expense Ratio 0.83%) options, where we saw some action in the September 21 strikes.