Most of the trade i done in spot price and in future both
1. Why people in India pour their money in banking stocks ( Specially HDFC ), i've never see a product being traded like the bank nifty does, is the reason pure speculation or there is some fundamental reason for doing so? I do know that state run banks are always in trouble, is it not the case with privately owned banks ?
2. Is there a St Louis Fed like equivalent for Indian Central bank
Secondly, Indian central bank is RBI - Reserve Bank of India akin to your FED and has been on cleansing spree with the entire banking system w.r.t. NPA and have done a fairly good job .. sometimes going too far with tightening (surely for good reasons :-) )