Global markets at a glance

U.S. stocks rose, giving the Standard & Poor’s 500 Index its first back-to-back gains in two weeks, on optimism that
tension between Russia and Ukraine will ease and American airstrikes will push back militants in Iraq. Asian stocks
rose on Monday after Wall Street rallied on an easing of
tensions in Ukraine, although conflicts in other geopolitical
hotspots such as Iraq limited gains. Tokyo's Nikkei rose 1.9
percent,. The index had lost 3 percent on Friday.


Wall Street Update

The Dow Jones industrial average rose 16.05 points, or 0.10
percent, to end at 16,569.98, still below its close at the end
of 2013. The S&P 500 gained 5.33 points, or 0.28 percent,
to finish at 1,936.92. The Nasdaq Composite added 30.43
points, or 0.70 percent, to close at 4,401.33. Shares of
Kinder Morgan Inc, the biggest US pipeline company, jumped 9 percent to USD 39.37. The stock was the S&P
500's biggest percentage gainer in Monday's session after
the company said on Sunday that it would put all its publicly traded units under one roof in a USD 70 billion deal.

MACRO NEWS

Standard Chartered Bank’s India unit expects the country’s growth in the just concluded April-June (Q1) quarter
to be around will be 6 percent. The numbers will announced by the Central Statistical Organisation (CSO) later
this month on August 29.
The Tata Sons-Singapore Airlines joint venture today unveiled the brand name of its new airline 'Vistara', and said
it is expected to launch operations by October with the
first aircraft coming in by September.
State-controlled Oil India will announce its first quarter
(April-June) earnings on Tuesday. According to CNBC-TV18
poll estimates, analysts expect net profit of the company
to rise 27 percent to Rs 775 crore during the quarter from
Rs 609 crore in the year-ago period due to higher crude
prices in rupee terms.

STOCKS IN NEWS

Adani Enterprises' Q1 consolidated net profit stood
at Rs 556.7 crore versus loss of Rs 278.3 crore
Emami's Q1 consolidated net profit rose to Rs 70.8
crore versus Rs 60.7 crore
Dena Bank's Q1 net profit fell to Rs 81.5 crore versus
Rs 189.2 crore
IL&FS Engineering posted Q1 net loss at Rs 36.8
crore versus profit of Rs 3.1 crore

COMMODITY ROUNDUP

Silver prices fell 0.32% to Rs 43,440 per kg in futures trade
today in tune with a weak trend overseas amidst profitbooking by speculators. At the Multi Commodity Exchange,
silver for delivery in September traded lower by Rs 140, or
0.32%, to Rs 43,440 per kg in a business turnover of 312
lots. Similarly, the white metal for delivery in December
declined by Rs 116, or 0.26%, to Rs 44,300 per kg in a business volume of 12 lots. In the international market, silver
traded a shade lower at $19.88 an ounce in Singapore today

CURRENCY ROUNDUP

The U.S. dollar edged higher against the Swiss franc on
Monday, after the release of upbeat retail sales data from
Switzerland as demand for the safe-haven Swissie weak-
ened amid fresh hopes of progress in Ukraine and the Middle East. USD/CHF hit 0.9066 during European late morning
trade, the session high; the pair subsequently consolidated
at 0.9062, adding 0.10%. The pair was likely to find support
at 0.9018, the low of July 25 and resistance at 0.9098, the
high of August 8.

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