December 06, 2012 at 17:52 PM EST
BNP Paribas, HDFC Bank Lift Foreign Banks Group
An 82% run-up by French bank BNP Paribas (BNPQY) since July and sharp gains by two of India's banks in the same period have this week lifted the foreign banks group into the top 50 industries tracked by IBD. The group ranked No. 166 at the beginning of September. It has hung consistently outside the leading ranks for nearly two years. The group holds 27 stocks, about half of which are based in Central and South America or Mexico. Others range from
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