Markets sideways; Nifty up 22pts

The markets are now exhibiting sideways movement, after initial volatility. The NSE Nifty is now at 4,546, up 22 points. Ambuja Cement, ITC, Cipla and ONGC have shed 1.5-2% each. The Sensex is now at 15,311, up 80 points. The market breadth is fairly positive - out of 2,193 stocks, 1,447 have advanced and 670 have declined so far.

Shyamal Majumdar: What you pay and why

Shyamal Majumdar / Mumbai December 10, 2009, 0:14 IST

Good company

As per our company’s policy, the officers in our grade and above are provided with car, for their official and personal use. The eligible officers are given a choice to select model and colour of car, from the makes identified for their grade. The available car models (only petrol) are: Hyundai Verna Xi, Ford Fiesta ZXi, Maruti SX4 VXi and Chevrolet Aveo 1.4. We are requested to choose only one of the vehicles mentioned above. After the expiry of five years, the officer can buy the car originally provided at five per cent of the purchase cost. What would you advise?

Markets in positive territory

After having opened marginally in the red, the markets have rebounded in line with their Asian counterparts. Asia is largely trading in the green after the Federal Reserve raised the US growth forecasts for 2010. The US markets also ended off their lows, albeit marginally weak, after the Fed raised the GDP forecast.

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