India is now flooded with $1 bn per week

In April, foreign institution investors (FIIs) poured $1.3 billion into Indian equities. They poured another $1.87 billion in the first half of May, before the election result. For May as a whole, the inflow was $4.14 billion, or a billion a week. 

This is part of a global phenomenon. Since April, $20 billion has flooded into all emerging markets. The Sensex is up 50% in 2009. But Russia is also up 63%, China 57%, Brazil 60%, and Argentina 45%. So, the dollar flood is not India-specific: it is part of a global rush into all emerging markets, especially the BRICs (Brazil, Russia, India and China). 

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GM shareholders lose $10 bn in one year

As the century-old auto maker General Motors negotiated many a road block in the past one year, investors bore the brunt of the financial rage as they became poorer by a staggering more than $10 billion. 

General Motors is now worth just a few millions in stock valuation whereas the auto maker boasted of a market capitalisation of nearly $11 billion, exactly a year ago. 

The steep slide in share prices in one year has seen investors lose paper wealth to the tune of more than $10 billion. The stock price of 750 cents on May 29 is also the all-time low for the company in more than 70 years. 

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