Has India (INDY, quote) begun to turn?  India's Sensex and Nifty moved higher for the past 4 sessions despite a shorten trading week on account of Mahashivratri (Thurday).

India's Precision Wires dropped 6.90% down but we are looking for the stock to begin to build its base and move higher again.  We are contributing the drop to the ex-dividend on 26th February 2014.  This is the second interim dividend for Rs 4 a share to paid March 31, 2014.

U.S. traders are going to want to keep an eye on one of my favorite India stocks to trade around – India's Dr. Reddy Laboratories (RDY, quote).

RDY is firing on cylinders since its low of $31.31 back in August by uilding a base and then stair stepping higher to a 52 week high this of $47.93 in the previous session. The 1.77% jump last session is on headlines that company has now launched its subcutaneous Auto-injector of Sumatriptan.

Consider waiting for the stock to build its next base before jumping into the name.