NEW YORK (TheStreet) -- Global market indices ended in green last week, except India's Nifty, which eased 0.1%. Among other emerging market indices, the Shanghai Composite Index gained 3.3%, and Brazil's Bovespa advanced 0.7%. Other economic signals such as unemployment sliding to a 30-year low and consumer sentiment showing significant momentum pushed the Dow Jones and the S&P 500 1.5% and 1.4% higher, respectively.China: Winners and Losers China Precision Steel ( CPSL) lead the gainers' pack last week, rising 21.2%, after analysts said the stock is extremely undervalued and presents an attractive buying opportunity, citing the company's strong capacity and backlog and robust demand for its products. Semiconductor Manufacturing International ( SMI - Get Report) surged 20.2% last week after analysts at HSBC upgraded the stock to neutral from underweight and raised the price target to $4.20 from the old target of $3.60. Shanda Interactive Entertainment ( SNDA) gained 12.1% last week. TheStreetRatings upgraded Shanda from hold to buy, based on the company's strong fundamentals. Baidu ( BIDU - Get Report) advanced 10.1%. The stock is looking upbeat after it posted impressive fourth quarter results and an optimistic first quarter outlook. A Bloomberg report says the company's growth potential is large, betting on the nearly three-fold growth expected in online advertising to almost $13 billion by 2014. Origin Agritech ( SEED) and The9 ( NCTY) were up 8% and 6.8%, respectively. China's online game developer The9 recently acquired Vision 3D game R&D engine from Trinigy to support the development of a yet-to-be-named game product. After Collins Stewart maintained a neutral rating and a $7 price target on the stock, JA Solar Holdings ( JASO) climbed 6.6% last week. Other solar stocks like Yingli Green Energy ( YGE) and Canadian Solar ( CSIQ - Get Report) rose 2.6% and 2.1%, respectively. For the second consecutive week, Xinhua Sports & Entertainment ( XSELD) headed the losers' list, slumping 93.3%. Internet stocks like eLong ( LONG) and HSW International ( HSWI) shed 15.9% and 13.3%, respectively. Analysts at Chinainvestor cautioned investors about investing in China's internet stocks because of their overbought situation. Other notable losers were Perfect World ( PWRD) and LJ International ( JADE), down 6.5% and 6.3%, respectively. India: Winners and Losers Sify Technologies ( SIFY) topped the advancers' list with gains of 12.4% last week. The company's CFO said the government should consider removing service tax on consumer broadband in the 2011-12 budget. This will increase penetration rates in the household broadband segment.
Tata Motors ( TTM) followed accumulating 5.7% after reporting an impressive third quarter. Breezing past the street estimates, the company's net profit almost quadrupled to $530 million, while consolidated revenue increased 22%. Strong demand from India and improved performance at the Jaguar Land Rover unit, spurred this growth. Banking stocks ICICI Bank ( IBN) and HDFC Bank ( HDB) gained 5.2% and 4.8% respectively, whereas iGATE ( IGTE) and Rediff.com ( REDF) rallied 2.9% and 2.2% higher, respectively. Tata Communications ( TCL) topped the losers' list last week, declining 8.2%. However, the company targets to generate $200 to $250 million revenue from its cloud computing services in the upcoming two or three years. The Indian cloud computing market is seen growing $1 billion by 2015 from the current $110 million. WNS Holdings ( WNS) followed, sliding 7.8% lower. Dr. Reddy's Laboratories ( RDY) dropped 4.6% after Zacks Investment Research downgraded the stock's rating to underperform from neutral. Mahanagar Telephone Nigam ( MTE) lost 4.4% during last week. Brazil: Winners and Losers Banco Bradesco ( BBD) led the gainers' list, piling 5.6% last week, while Banco Itau Holding Financeira ( ITUB) gained 5.3%. Despite the mounting concern of interest rate hikes on rising inflation in the country, Brazilian banks notched up gains triggered by the bargain-hunting mood of domestic and foreign investors last week. National home builder Gafisa ( GFA) surged 4.5% last week, after the Brazilian government announced it will launch a $30 billion spending cut across the economy to cool the overheated economy, which could provoke a few home-building curbs. Major airline stocks TAM ( TAM) and Gol Linhas Aereas Inteligentes ( GOL) increased 4% and 2.9% during the past week as crude oil prices traded lower on the NYSE Mercantile Exchange. However, the government's effort to cut spending could reduce government subsidies for major airlines. Companhia Brasileira De Distribuicao ( CBD) rose 2.7% after analysts at HSBC upgraded the stock to overweight from neutral. Petroleo Brasileiro S.A. (Petrobras) ( PBR) topped the losers' list edging 4.7% lower, after it decided to pull out of talks regarding the purchase of a 33.34% stake in Portugal's Galp Energia, owned by Italian oil major Eni S.p.A. ( E). Utility stock Companhia Paranaense de Energia-COPEL ( ELP) fell 3.8% last week. The Brazilian Finance Minister said utility and telecom companies could face marginal increases in government-levied taxes. Telecom giant Vivo Participacoes ( VIV) declined 2.1% past week.