Global markets at a glance

Asian stocks held stubbornly steady on Wednesday after
China reported economic growth that was just ahead of
market expectations, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent while
Japan's Nikkei barely budged. Markets in China managed
only a muted cheer and the Shanghai index dipped 0.1
percent.

Wall Street Update

The Dow Jones industrial average rose 5.26 points or 0.03
percent, to end at 17,060.68, not far below the record
closing high of 17,068.26 set on July 3. The S&P 500
slipped 3.82 points or 0.19 percent, to 1,973.28, about 12
points below its record closing high of 1,985.44 set on
July 3. The Nasdaq Composite dropped 24.03 points or
0.54 percent, to close at 4,416.39.


MACRO NEWS

Maruti Suzuki India, Muthoot Vehicle and Asset Finance
sign MOU to help customers avail 100 per cent finance.
United Spirits to buy JP Impex Incorp's Karnataka-based
assets.
Reserve Bank signals cheaper housing, infra loans
The Indian Govt will decide next month on whether to sell
a 5 pct stake in Oil and Natural Gas Corp. The stake would
be worth around US$3bn, based on the current market
cap and would be a firm statement of the government's
intent to pursue its divestment programme.
RBI said it set a cut-off rate of 8.15% at 3-day term repo
auction. The weighted average rate was at 8.18 pct. Indian banks' refinancing with RBI rises to 311.72 bln rupees. Indian banks' cash balances with RBI rises to 3.22
trln rupees.

STOCKS IN NEWS

Results: Kotak Bank, Bajaj Finance, BajajFinserv, Feder-
alBank, LakshmiVilasBank, SouthIndianBank, Zee Learn.
DLF on mega fundraising drive; eyes Rs 3000-3500cr.
Govt considers selling 5% stake in ONGC.
Tech Mahindra eyes HP's 60.49% stake in Mphasis.
Alstom, NASL to renovate & modernise NTPC's Odisha
plant
SAIL to soon boost coking coal imports by over 60% on
expansion
Glenmark gets final nod from USFDA for skin infection
cream


COMMODITY ROUNDUP

Gold fell back to $1,295.96 an ounce and further away from
last week's peak at $1,345.
Oil prices extended their recent decline as rising Libyan supplies and downbeat economic data from Europe sharpened
concerns the global market was heading into a near-term
glut. World oil prices have been falling for three weeks now
as traders shift their focus from violence in Iraq and Libya to
weak global fundamentals. Brent futures lost another 18
cents to $105.84 a barrel, having shed over a dollar on
Tuesday. U.S. crude futures recouped a little of their losses
to be up 23 cents at $100.19 a barrel.

CURRENCY ROUNDUP

The rupee rose from a session low of 60.2450 to trade at
60.09/60.10, as gains in shares helped offset dollar demand
from state-run banks. It closed at 60.07/60.08 on Monday.
State-run banks have been mopping up dollars for oil- and
defence-related payments in the recent sessions, aiding the
Some of this demand could be for the government's effort
to pay Iran a part of its oil dues. The Indian rupee fell for a
second session in a row as dollar demand from state-run
banks for oil-and defence-related payments offset a recov-
ery in shares after a five-day losing streak. The partially convertible rupee ended at 60.12/13 per dollar compared with
60.07/08 on Monday.

Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers who offer updates on the sectors like – Intraday stock Futures Tips , derivative trading, commodity trading, FOREX trading tips etc.

Our research Team give recommendations on the following -

- equity (cash)
- derivatives
- commodity and
- currency

Keep track our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/

Or mail us here: [email protected]
or

https://www.epicresearch.co/research/special-reports
###