For Immediate Release

Chicago, IL - June 16, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Infosys (INFY), Wipro (WIT), ICICI (IBN), HDFC (HDB) and Tata Motors (TTM).

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Here are highlights from Monday's Analyst Blog:

Indian Market Still Attractive

The Indian Stock Market has gone up sharply in the recent weeks based on high expectations from the re-elected United Progressive Alliance government, (this time with a record mandate), which promised to bring about high economic growth by opening up foreign investment and boosting infrastructure spending.

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The Indian Stock Market has gone up sharply in the recent weeks based on high expectations from the re-elected United Progressive Alliance government, (this time with a record mandate), which promised to bring about high economic growth by opening up foreign investment and boosting infrastructure spending.The Bombay Sensex is now at around 15000, almost double from the bottom hit in November 2008. The rally has been broad-based, with shares of Indian ADRs of software companies like Infosys (INFY) and Wipro (WIT), banks like ICICI (IBN) and HDFC (HDB) and automobile companies like Tata Motors (TTM) up sharply.Foreign institutional investors (FIIs) have invested more than $5 billion (over Rs 25,000 crore) in Indian stock markets so far this calendar year, with as much as $3.2 billion coming since the UPA government came to power last month, which is one of the ...

By Jason Simpkins Associate Editor Ajay Banga, Citigroup Inc.’s (C) Asia-Pacific chief said yesterday (Wednesday) that his company would not sell its stake in India’s Housing Development Finance Corp. (HDFC), but did not comment on reports that the largest U.S. bank is about to sell its back-office unit to Tata Consultancy Services Ltd. (TCS). "India is a very critical growth market for Citi," Banga told India’s Mint in an interview published yesterday. "We have been retaining profits locally and investing in India. We have also moved capital to India where necessary." As Citi struggles with mounting subprime losses, it becomes increasingly likely that the banking giant will divest some of its operations in an effort to streamline operations and generate fast capital. But Banga made it clear that selling its 11.74% stake in HDFC was not an option. "No. We ...