Global markets at a glance

Asian shares were firm on Tuesday after Citigroup's earnings and a fresh round of merger and acquisition activity
in the U.S. healthcare industry lifted global share prices.
Japan's Nikkei average and South Korea's Kospi both rose
around 0.6 percent. MSCI's broadest index of Asia-Pacific
shares outside Japan gained 0.1 percent.

European equities rose on Monday, rebounding from
near two-month lows after their biggest weekly loss in
four months, The FTSEurofirst 300 index of top European
shares ended 0.8 percent firmer at 1,363.49 points, having fallen 3 percent last week - its biggest drop since
March.

Wall Street Update

U.S. stocks ended higher on Monday, with the Dow Jones
industrial average hitting an intraday record, helped by
Citigroup's better-than-expected earnings and more
deals in the healthcare sector. U.S. bond yields have been
kept low as the Fed has signalled it plans to keep interest
rates around zero even after it finishes tapering its stimulus programme. The Dow Jones industrial average rose
111.61 points or 0.66 percent, to end at 17,055.42. The
S&P 500 gained 9.53 points or 0.48 percent, to 1,977.10.
The Nasdaq Composite added 24.93 points or 0.56 percent, to 4,440.42. The Dow hit a record intraday high of
17,088.43.


MACRO NEWS

Chinese FDI into India could touch USD 30 bn by 2025:
34 power companies keen to sell plants to NTPC.
Government mulls key changes in Land Acquisition Act.
ITC says reports of company's plan to buy Ramada
Caravela speculative in nature.
IDBI Bank is to gauge demand for an overseas issue of
Basel III-compliant capital securities, potentially opening a
new market for India's state-owned banks.
Rural Electrification Corp has raised a bigger-thanexpected 15.15 bn rupees from a 7-year bond at 9.40%,


STOCKS IN NEWS

Results Today: TTK Prestige , NIIT Technologies , Maharashtra Scooters , Geojit BNP
City Union Bank to raise Rs 350 crore via QIP.
GMR could get over Rs 100 crore per acre for monetizing 230 acre land parcel near Delhi airport.
SAIL finalised wage settlement for non-executive employees, to pay wage arrears in 2 installments starting
today.
Promoters of Orchid Chemicals to up stake by 13 percent to 45 percent.

COMMODITY ROUNDUP

Silver prices fell by 0.74% to Rs 45,727 per kg in futures
trade yesterday amidst profit-booking by speculators and a
weak trend overseas. At the MCX, silver for delivery in Sep-
tember traded lower by Rs 341, or 0.74%, to Rs 45,727 per
kg in a business turnover of 753 lots. Similarly, the white
metal for delivery in December declined by Rs 356, or
0.72%, to Rs 46,581 per kg in a business volume of 33 lots.
In the international market, silver traded lower at $21.43 an
ounce in Singapore from $21.44 on July 11. Apart from
profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.

CURRENCY ROUNDUP

The Indian rupee lost ground on Monday against the dollar,
bucking the trend among Asian peers, as local shares continued to reel with foreign investors turning sellers amid
disappointment over the lack of specifics in the federal
budget.
Emerging Asian currencies mostly inched higher on Monday, stabilising after taking a fall late last week, as investor
jitters over problems at a Portuguese bank eased. Caution
also prevailed ahead of June consumer inflation data, which
was out after market close.

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