Market Overview

ICICI Bank: Global Expert Banks on India (IBN)

"Our latest global play is on the strongest-performing stock market of 2010 among the roaring BRIC economies: India," says Nicholas Vardy.

The editor of Global Bull Market Alert explains, "We recommend the country's leading private bank, ICICI Bank Ltd. (NYSE: IBN). I think the stock will be a moneymaker for you over the next few weeks.

"First, while the Indian market as a whole has risen sharply during September's bull run, Indian banks are the "secret" behind this roaring bull market.

"While the U.S S&P 500 is still far off of its former highs, India's BSE Banking Index already has hit an all-time high, bettering its previous high in January 2008 by almost 10%.

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