Global markets at a glance

Asian shares pushed higher on Thursday after a flood of
soft economic data led investors to wager on a ceaseless
fountain of stimulus from major central banks, sending
bond yields tumbling across the globe. An economic contraction in Japan, a shock fall in Chinese loans, a surprisingly dovish turn by the Bank of England and a sluggish
reading on U.S. retail sales all combined to make any tightening in policy seem a very distant prospect. Japan's Topix
rose 0.6 percent, while the Australian market added 0.4
percent. MSCI's broadest index of Asia-Pacific shares out-side Japan was up 0.1 percent.

Wall Street Update

US stocks ended higher on Wednesday, with the Dow Jones
industrial average returning to positive territory for the
year, as surging biotech shares helped investors shrug off
disappointing retail sales data. The Dow Jones industrial
average rose 91.26 points, or 0.55 percent, to close at
16,651.80. The S&P 500 gained 12.97 points, or 0.67 percent, to finish at 1,946.72. The Nasdaq Composite added
44.88 points, or 1.02 percent, to end at 4,434.13.

MACRO NEWS

(ONGC) missed street expectations with the first quarter
net profit rising 19 percent year-on-year to Rs 4,782 crore
impacted by higher exploration cost written off and depreciation cost
Carlsberg investing Rs 200cr to boost India market share
FMCG majors like GSK, Coca-Cola India and others join
hands to push FSSAI on speedy approvals
Top 20 pharma companies' capex to surge by 40%.
Top officials of power, oil ministries to meet PMO on gas
price pooling.

STOCKS IN NEWS

Tata Power to double electricity generation capacity
18,000 MW by 2022. Tata Power Solar commisions
plant in Andhra Pradesh.
Hero Electric launches 'Photon' scooter priced at Rs
54,110.
IFCI to raise Rs 2,000 crore through bonds this fiscal
Tata Motors mulls exporting Zest to Asian and African
markets

COMMODITY ROUNDUP

In commodity markets, worries about Chinese demand sent
copper to a seven-week low below $6,874 per tonne. Spot
gold, in contrast, found support from the outlook for loose
monetary policy and edged up to $1,311.40 an ounce.

Prices for Brent crude oil touched a 13-month trough at
$102.37 a barrel before steadying at $103.99. U.S. Crude
was down 21 cents at $97.38.


Gold held on to small overnight gains on Thursday, as sluggish U.S. retail sales data boosted the metal's safe-haven
appeal, although higher stock markets could keep any gains
in check. Spot gold was steady at $1,311.16 an ounce by
0025GMT, after gaining 0.3 percent in the previous session.
U.S. gold slipped about $2 to $1,312.70.

NCDEX ROUNDUP

Jeera futures extended the gains on fresh buying amid weak
stocks. Weakens in spot market amid technical resistance
limited the gains in the futures. The NCDEX Jeera September delivery settled the day at Rs 11,320, up Rs 35 or
0.31%. Selling extended in spot Jeera amid lack of demand
at elevated levels following rising arrivals. The supplies in
Unjha jumped to 7000 bags today- much higher than the
3000-4000 bangs seen over last few weeks.

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