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Key Indicators as on 20-Mar-15

Global Indices CMP 1w change
Sensex 28261.08 -0.85%
Nifty 8570.90 -0.89%
Nikkei 19560.22 1.59%
Nasdaq 5026.42 3.17%
DJIA 18127.65 2.13%
Hang Seng 24375.24 2.32%
Sectoral Indices CMP 1w change
Auto 8585.95 -1.56%
Bank 18606.35 -0.92%
Energy 8355.25 -0.89%
Finance 7707.10 -0.63%
FMCG 19999.80 -3.27%
IT 12363.50 0.42%
Media 2215.30 0.34%
Metal 2366.00 -1.05%
Pharma 12622.25 1.08%
Realty 218.05 -3.50%
Global Commodities CMP 1w change
Gold ($/Oz) 1184.80 2.79%
Silver ($/Oz) 16.87 8.98%
Crude ($) 55.32 1.19%
Dollar / INR 62.28 -1.30%
Euro / INR 67.19 1.21%
Top Weekly Gainers CMP 1w change
Just Dial Ltd. 1378.80 18.9%
Rasoya Proteins Ltd. 0.73 14.1%
Gujarat State Petronet Ltd. 120.15 11.9%
Kaveri Seed Company Ltd. 1056.60 11.2%
PI Industries Ltd. 697.00 8.0%
Stocks near 52 week Low CMP 52w-Low
Reliance Inds. 844.30 831.20
ONGC 314.55 305.35
Cairn India 221.55 215.00

NEWS TRACKER

Mining Bills clear Rajya Sabha test, no more Coalgates now
The NDA government on Friday pulled off a legislative breakthrough by securing parliamentary passage of the Coal Mines (Special Provision) Bill and Mines and Minerals (Development and Regulation) Amendment Bill, together ushering in an era of transparent e-auction of diverse mineral blocks and potentially giving a boost to the country’s faltering mining output. After the respective Rajya Sabha select committees vetted these Bills passed earlier by the Lok Sabha, the BJP-led government was able muster the required numbers in the Upper House to pass the Bills by roping in some parties outside the ruling coalition including the BSP and Trinamool Congress, even as the Congress and the Left parties did not oblige.… Read more from Source

BHEL disinvestment likely in April; may fetch Rs 3,200 cr
The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16. Official sources said the Disinvestment Department has completed overseas roadshows for BHEL stake sale in London, Singapore and Hong Kong. At the current market price of Rs 260.75 a share, sale of over 12.23 crore shares in BHEL would fetch around Rs 3,200 crore to the exchequer…. Read more from Source

Advance pricing relief for cross-border deals
In a move that brings a big relief for corporations doing cross-border transactions, the government has notified the rules governing the rollback provisions in advance pricing agreements (APA). Though these provisions were announced in Finance Minister Arun Jaitley’s maiden Budget in July 2014, these could not be operationalised because the rules were not codified. Rollback provisions refer to the facility of rolling back anadvance price ruling on arm’s length price (ALP) or a method to calculate ALP for transactions done years prior to those covered by an APA. APA is a mechanism through which a taxpayer can seek and obtain the tax department’s view on what the ALP or ALP method for a particular transaction would be.…. Read more from Source

I-T Dept slaps Rs 20,495 cr tax demand on Cairn India
the petroleum arm of London-headquartered Vedanta Resources Plc, said on Friday, it received a tax notice of Rs 20,495 crore from the Income Tax Department for failing to deduct withholding tax on alleged capital gains by its erstwhile promoter, Cairn UK Holdings Ltd (CUHL), a subsidiary of Edinburgh-based Cairn Energy Plc. The tax demand pertains to Cairn UK Holdings Ltd transferring the shares of Cairn India Holdings Ltd (CIHL) to Cairn India, as part of an internal group reorganisation in 2006-07, to facilitate the initial public offering of Cairn India. “A demand of Rs 20,495 crore (comprising tax of Rs 10,248 crore and interest of Rs 10,247 crore) is alleged to be payable,” Cairn India said in a filing to the BSE, adding the company didn’t agree with this demand and would pursue “all possible options” to protect its interests..… Read more from Source


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MARKETS THIS WEEK is a weekly report prepared by Agroy Finance & Investment Ltd.

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