Global markets at a glance

Asian stocks got a lift on Tuesday from an upbeat day on
Wall Street, while the dollar got some help as U.S. Treasury
yields pulled away from recent lows on upbeat U.S. housing
data and hopes of progress in the Ukraine crisis.
Foreign ministers from Russia, Ukraine, Germany, and
France gathered in Berlin over the weekend to discuss talks
for a ceasefire or a political solution. MSCI's broadest index
of Asia-Pacific shares outside Japan was up 0.1% in early
trade, while Japan's Nikkei stock average added 0.8%

Wall Street Update

U.S. stocks marked solid gains on Monday as the Ukraine
situation showed signs of stabilization. The Nasdaq Composite topped the key 4,500 mark for the first time since
March 2000. S stocks surged on Monday, with the Nasdaq
closing at a 14-year high as increasing homebuilder confidence and hopes for receding tensions in Russia gave inves-
tors reasons to make bigger bets on the equity market.
The Dow Jones industrial average jumped 175.83 points, or
1.06 percent, to close at 16,838.74. The S&P 500 rose 16.68
points, or 0.85 percent, to 1,971.74. The Nasdaq Composite
added 43.39 points, or 0.97 percent, to close at 4,508.31.

MACRO NEWS

Indian banks' refinancing with RBI falls to 259.16 billion
rupees. Indian banks' cash balances with RBI rise to 3.23
trln rupees.
Sterlite Technologies AGM -Consider to raise the borrowing limit of the company from Rs 1500 crore to Rs 3000
crore -To raise an amount of Rs 1000 crore.
Apollo Hospital AGM on August 25 -To consider revision in
the borrowing limits of the company upto a sum of Rs
2500 crore
Coal ministry asks Coal India to make a detailed subsidiary
wise action plan to improve output from underground
mines.

STOCKS IN NEWS

TCS pledges Rs 100 cr for 'Clean India'.
Tata Motors to launch new platforms.
JSW Steel -Enters into definitive agreement with Welspun Maxsteel -Company to acquire entire stake held
by Welspun Enterprises in Welspun Maxsteel
MCX board approves 15 percent acquisition by Kotak
Mahindra Bank
IOC to invest Rs 1,200 crore on LPG pipeline projects.

COMMODITY ROUNDUP

Gold prices fell by Rs 100 to Rs 28,600 per 10 grams in the
national capital today after it declined in global markets on
easing tensions over Ukraine amid subdued demand from
jewellers and retailers. spot gold steadied on the day at
$1,297.84 an ounce but remained below the $1,300 level
against the backdrop of improved risk sentiment.

Silver followed suit and lost Rs 645 at Rs 42,880 per kg on
reduced offtake by industrial units and coin makers. Silver
ready dropped by Rs 645 to Rs 42,880 per kg and weekly-
based delivery by Rs 680 to Rs 42,580 per kg. Silver coins
plunged by Rs 1,000 to Rs 76,000 for buying and Rs 77,000
for selling of 100 pieces.

CURRENCY ROUNDUP

The dollar bought 102.63 yen, up about 0.1 percent, while
the euro edged down to $1.3359, not far from this month's
nine-month low of $1.3333. Against the safe-haven yen, the
euro rose slightly to 137.09. The dollar held firm on Tuesday
after a solid U.S. housing data and a rise in U.S. bond yields
on the back of hopes of an easing of geopolitical tensions.
The currency, however, is likely to need a clearer sign that
the Federal Reserve might start raising rates sooner to
break above its trading band in the past few weeks, as traders looking focus on comments from Fed officials later in
the week at a global central bank conference .

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