ETF “PIN” Surges Because Of India’s Election Results!

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May 18, 2009 9:32am NYSE:PIN

india-electionIt is rare that you see an election have this large of an impact, but the Indian stock market surged on the new election results.  The Congress party won a decisive victory in India and this sent Indian stocks up 17% on average.  The move was so large that the Bombay Stock Exchange had to close after already seeing one halt.  This had a huge impact on the stocks, which you can see reflected in the share prices here in the high pre-market indications of the major ETF’s, closed-end funds, and active ADR’s.

Full Story:  http://247wallst.com/2009/05/18/india-elction-winners-by-etf-shares-pin-epi-iif-ifn-inp-infy-ibn-redf-say-slt-ttm-wit/#more-34748



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