Global markets at a glance

Japanese share prices rose for the fifth straight session on
Friday to end at an eight-month high, with exporters leading the gains on the yen's weakness. Japan's Nikkei share
average rose 0.3% to 15,948.29 points, its highest close
since Jan. 8. The broader Topix gained 0.2% to a six-year
closing high, while the new JPX-Nikkei Index 400 rose
0.2%.

The FTSEurofirst 300 .FTEU3 index of top European shares
ended 0.1 percent lower at 1,382.98. Germany's
DAX .GDAXI, closed down 0.4 percent after the United
States and the European Union tightened sanctions on
Russia over its intervention in Ukraine. The MSCI world
equity index .MIWD00000PUS, which tracks shares in 45
nations, slipped 0.46 percent to 426.17.

Wall Street

U.S. stocks fell on Friday as energy shares extended their
recent slide, while rising bond yields drove down highdividend paying shares. Major indexes finished lower after
five straight weeks of gains. The Dow Jones industrial average .DJI fell 61.49 points, or 0.36 percent, to 16,987.51,
the S&P 500 .SPX lost 11.91 points, or 0.6 percent, to
1,985.54 and the Nasdaq Composite .IXIC dropped 24.21
points, or 0.53 percent, to 4,567.60.

MACRO NEWS

SC refuses to hear plea of power producers seeking rehearing.
Investments by foreign investors into equities touched
$14 billion or about Rs 84,700 crore on Friday.
India is unlikely to cut the Gold import duty anytime soon,
according to union tradeMinister.
The Jharkhand government ordered closure of 12 working
iron ore mines in West Singhbhum district, running under
second and third subsequent deemed renewal.
Odisha to Get Rs 1 lakh crore energy investment.
Global markets will track US Federal Reserve's two-day
meeting ending on Wednesday.

STOCKS IN NEWS

Goldman Sachs cuts JP Associates target price by 55%.
Fortis Healthcare to sell RadLink-Asia stake to Medi-Rad Association for about USD 110 million.
PTC India Financial Services seeks shareholders' nod
to set borrow limit up to Rs 15,000 crore.
Bajaj Electricals wins 8 orders worth Rs 518.5 crore.
JSW Steel may conclude takeover of Lucchini in a
month.
FII investments reached trigger limit in YES Bank

COMMODITY ROUNDUP

Gold is extending its persistent drop as strong dollar and
demand worries continue tohit the sentiments Standard
gold hit a three-month low at Zaveri Bazaar here on Friday,
following a sustained decline in global markets on the loss
of bullion's status as a safe hedge against inflation. After
falling below the benchmark Rs 27,000 per 10g during the
day, it recovered a bit on fresh buying by investors to close
at Rs 27,250 per 10g. This is a decline of over six per cent
since its recent peak of Rs 28,700 for 10g on July 11. Gold
lost 7.5 per cent in the global market to trade at $1,237.71
an oz from the $1,338 an oz it hit on July 11. Demand worries continue to dominate sentiments for gold. China's gold
imports from HongKong in July fell by 42% from a month
earlier

CURRENCY ROUNDUP

The dollar remained near 14-month highs against the other
major currencies on Friday, as ongoing expectations for an
early hike in U.S. interest rates continued to support the
greenback and investors eyed upcoming U.S. economic reports. Demand for the dollar continued to be underpinned
by expectations for an early hike in U.S. interest rates, de-
spite data on Thursday showing that U.S. jobless claims rose
more than expected last week. The euro held steady above
14-month lows against the dollar, with EUR/USD at 1.2929
after data showed that euro zone industrial production rose
1.0% in July, exceeding expectations for a 0.5% gain, after a
0.3% fall in June. USD/JPY hit fresh six year highs of 107.40
and was last up 0.09% at 107.19 as the diverging monetary
policy stance between the Federal Reserve and the Japanese central bank continued to pressure the yen lower.

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