This video covers the concerns that Mark Mobius has about the Alibaba shareholding structure, i.e, dual shareholding with promoters having significant control and little recourse for minority shareholders. Its not considered proper in the USA and NYSE should not have accepted such a listing. But commercial considerations have dictated the current situation.
Dr. Mark Mobius, Executive Chairman, Templeton Emerging Markets Group. He earned Bachelors and Masters degrees from Boston University, and Ph.D. in economics and political science from the Massachusetts Institute of Technology (MIT).
The Nifty remained in a tight raage the whole day, and there were traces of profit booking with sudden downward spikes, which were promptly arrested with fresh buying signals. High volatility was witnessed during the latter part of the trading session as key benchmarks reversed direction and moved into the positive terrain. As per provisional figures the S&P BSE Sensex was up 35.63 points to 20282.96. The CNX Nifty was down 14.05 points to 6183.95 as per provisional figures. The market breadth was negative. On BSE 1245 shares declined and 1112 shares rose.
Reliance Industries, which has been doing well this week, fell 0.68% to Rs 834.40. ITC fell 0.62% to Rs 334.70. Power equipment makers rallied across the board. ABB jumped massive 21% on large volumens. Crompton Greaves L&T Bhel and Siemens advanced 2.34% to 9.69% Auto stocks were mixed. Tata Motors rose 0.05%. Maruti Suzuki India fell 1% to Rs 1709.40. M&M rose 0.03% to Rs 985.50. Two wheeler markers were mixed. Bajaj Auto rose 1.44%. Hero MotoCorp dropped 0.56%. Motherson Sumi Systems lost 4.11%. Continue reading Indian Stock Market Review – 17May2013→
