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Indian stock market daily closing report (January 22, 2013)

Contributed by Nirmal Bang

Indian markets ended down in red today on account of weak global cues. Less than expected third quarter result declared by HUL also weighed on the markets today. Investors sentiments become negative for HUL after the company's board approved a royalty of 3.15%.

The largest investment proposal in the single brand retail category so far is declared by the Foreign Investment Promotion Board (FIPB) today. It is received by Swedish major IKEA for its Rs 10,500 crore investment in India. This has resulted into buying interest in the retail stocks today.

The breadth of the market was negative in today’s trade.