Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

Markets close the week 0.6% lower
Fri, 14 Dec Closing

The Indian stock markets started the day on a volatile note and continued to trade within a limited range for the morning session. However towards the afternoon session markets moved higher for a while, but once again slumped back towards yesterday's close. In the final hour of trade however markets moved higher and finally closed in the positive. The BSE-Sensex closed positive, higher by around 88 points (up 0.46%). The NSE-Nifty also closed higher by around 28 points (up 0.5%). The smaller indices also had a positive day on the bourses. The BSE Mid Cap index closed 0.6% higher and the BSE Small Cap closed flat. Metal and banking stocks saw a bulk of the gains today. Consumer durables stocks closed lower.

As regards global markets, Asian indices had a mixed outing today. European indices opened the day on a mixed note. The rupee was trading at Rs 54.56 to the dollar at the time of writing.

The government seems to be in overdrive mode when it comes to new reforms. The Finance Minister P. Chidambaram has indicated more steps for reviving the economy in the next few weeks. This indication has come within hours of decisions such as the formation of Cabinet Committee on Investment, Land Acquisition Bill and new urea investment policy were taken just yesterday. Over the past few months the Government has taken a number of measures, including opening up of FDI in multi-brand retail and hiking foreign investment cap in the aviation sector, in order to boost economic growth and restore investor confidence. Inflation has also moderated since last year. With the RBI monetary policy to be announced next week, we hope that there are

Holcim controlled cement firms ACC and Ambuja Cements have increased payments of technology and knowhow fees to its parent firm to 1% of the net annual sales. This will come into effect from January 1 2013. This proposal will be presented to the members of the company for their consideration at the next company Annual General Meeting (AGM). As of 30 September 2012, Holcim held a 50.67% stake in Ambuja and a 50.3% stake in ACC. Another Holcim subsidiary, PT Holcim Indonesia, also pays royalty (including technical services fees and trademark usage fees) of around 2.1% of sales to the parent. Both companies already make payments to the parent so the incremental impact should amount to less than 1% of sales.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Markets close the week 0.6% lower". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.