Global markets at a glance

European shares gained in early deals on Wednesday,
buoyed by strength in miners after Chinese growth
slightly beat expectations, hinting at resilient demand in
the world's largest metals consumer. The STOXX Europe
600 Basic Resources index rose 0.6 percent. The pan-European FTSEurofirst 300 rose 0.4 percent to 1,363.63,
recouping the previous session's losses.
Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed
recent lows against the dollar amid speculation the U.S.
Federal Reserve is tilting toward tighter monetary policy
in light of a stronger economy. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2
percent. Tokyo's Nikkei gained 0.3 percent, helped by a
weaker yen.

Wall Street Update

US stocks rose on Wednesday, with the Dow Jones industrial average closing at a record high, boosted by the latest merger news and some strong corporate earnings.
The Dow Jones industrial average rose 77.52 points or
0.45 percent, to end at 17,138.20. The S&P 500 gained
8.29 points or 0.42 percent, to 1,981.57. The Nasdaq
Composite added 9.58 points or 0.22 percent, to
4,425.97.
The S&P 500 technology index rose 1 percent and ranked
among the day's best-performing sectors in the S&P 500.

MACRO NEWS

Kotak M. Bank reported stable earnings with consolidated
net profit rising 11.3% YoY to Rs 698.3cr on account of
lower provisions and higher other income but higher op-
erating expenses limited profitability.
The govt is going ahead with the proposal to split the post
of chairman and managing director in PSU banks as part
of a top-deck restructuring.
Losses on diesel sales fall to Rs 2.49 per litre. Cost of diesel production had more than doubled to Rs 3.40 a litre in
the first half of July as violence in Iraq spooked international oil markets.

STOCKS IN NEWS

Results today: TCS , Bajaj Auto , Reliance Industrial Infrastructure , Mindtree , Gruh Finance , Sasken Communications , Agro Tech Foods.
Adani Ports has received environment and coastal
regulation zone approvals for Mundra SEZ.
Ashok Leyland introduces 2015 models in Saudi Arabia.
M&M: 1.8 cr shares to be sold in open market today.
Adani Enterprises -Board to meet on August 9 to mull
borrowing up to Rs 2,500 crore.

COMMODITY ROUNDUP

Silver prices fell by 0.41 per cent to Rs 44,672 per kg in futures trade yesterday largely in tune with a weak trend
overseas amid profit-booking by speculators. At MCX, silver
for delivery in September traded lower by Rs 188, or 0.41%,
to Rs 44,672 per kg in a business turnover of 781 lots. December silver declined by Rs 182, or 0.40 per cent, to Rs
45,541 per kg in a business volume of 28 lots. In the international market, silver traded 0.89% lower at $20.72 an
ounce in New York in yesterday's trade. Apart from profit-booking by participants, a weak trend in global markets as
the outlook for higher borrowing costs in the US strengthened the dollar and damped demand for an alternative investment, led to the fall in silver prices at futures trade.

CURRENCY ROUNDUP

The Indian rupee ended unchanged on Wednesday as the
dollar strength overseas and greenback buying by state run
banks were offset by gains in local shares. The rupee also
did not move significantly after data showed India's exports
in June rose 10.22 percent from a year earlier, as overall
analysts called the numbers mixed.
The partially convertible rupee ended at 60.12/13 per dollar, unchanged from the Tuesday closing. The rupee continued to be weighed down by dollar demand from state-run
banks for oil-and defence-related payments and by gains of
the U.S. currency overseas following a comment by Federal
Reserve head Janet Yellen that U.S. rates could rise sooner if
employment continued to improve.

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 – Share Advisory Firm, 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
###