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 Edward Hugh: Barcelonabr /br /br /blockquote"For what it’s worth, a key conclusion from the IMF’s new World Economic Outlook is that recessions caused by financial crisis typically end with export booms, with the trade balance improving,on average, by more than 3 percent of GDP. I find this a disturbing result: we’re now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to."br /a href="http://krugman.blogs.nytimes.com/2009/04/27/japans-recovery-again/"Paul Krugman /abr /br //blockquoteblockquoteWith results still coming in, projections show the United Progressive Alliance is likely to win about 250 seats, making it a shoo-in to form the next government and provide continuity, a stable administration and progress on key economic and corporate reforms.br /a href="http://online.wsj.com/article/SB124247401653426893.html"Wall Street Journal/a, May 16 2009/blockquotebr /blockquotePrime Minister Manmohan Singh’s electoral victory, the biggest any Indian politician has scored in two decades, may ...

by Manuel Alvarez-Rivera, Puerto Ricobr /br /Contrary to exit poll findings and widespread expectations of a closely fought race, India's ruling Congress Party - formally the Indian National Congress - and its allies won a clear victory in the general election held in April and May of this year, emerging well ahead of the right-wing, Hindu nationalist Bharatiya Janata Party (BJP). In all, the Congress-led United Progressive Alliance (UPA) won 261 of 543 seats in the Lok Sabha - the lower house of India's bicameral Parliament - and came within eleven seats of an absolute parliamentary majority, while the BJP-headed National Democratic Alliance (NDA) secured only 157 and the Third Front - composed of leftist and regional parties - captured 80 seats. Meanwhile, the new Fourth Front also fared poorly, obtaining just 27 seats, while the remaining 18 seats went to other parties.br /br /The Election Commission of India has ...