Highlights: 1. Market to be choppy.   2. Book profit at regular intervals.




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What is an American Depository Receipt?

1. INVESTMENT BASICS

2. SECURITIES

3. PRIMARY MARKET

3.1 ISSUE OF SHARES

3.2 FOREIGN CAPITAL ISSUANCE

4. SECONDARY MARKET

5. DERIVATIVES

6. DEPOSITORY

7. MUTUAL FUNDS

8. MISCELLANEOUS

9. CONCEPTS & MODES OF ANALYSIS

10. RATIO ANALYSIS

An American Depositary Receipt ("ADR") is a physical certificate evidencing ownership of American Depositary Shares ("ADSs"). The term is often used to refer to the ADSs themselves.

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