Chase growth, not valuations

ICICI Bank numbers would be the key to watch out for because the market reaction would be interesting. The American Depository Receipts (ADR) opened firm but then ended flat. But my sense is that there is nothing in the numbers to really warrant a big rally, but at the sametime, because the stock has already rallied, but at the sametime the stock has formed a bit of a base. So, it may not fall too much either.

My big point now is look at growth, look at the way Amazon added USD 60 billion of market cap in a single day.

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