Global markets at a glance

European stock markets were steady on Wednesday, hovering near multi-year highs reached last week and supported by shares in major energy companies as violence in Iraq pushed up oil prices. The euro zone's bluechip Euro STOXX 50 index closed up 0.1 % at 3,279.20 points. The pan-European FTSEurofirst 300 index ended flat at 1,387.44 points but remained in touching distance of a 6-1/2 year high of 1,398.65 points reached
last week.

Wall Street Update

US stocks rose on Wednesday, with the S&P 500 ending at a record after the Federal Reserve hinted at a slightly faster pace of interest-rate increases starting next year
but suggested rates in the long run would be lower than it had indicated previously. The benchmark S&P 500 set intraday and closing record highs while the CBOE Volatil-
ity Index or the VIX, Wall Street's fear gauge, fell to its lowest since February 2007.
The Dow Jones industrial average rose 98.13 points or 0.58 %, to end at 16,906.62. The S&P 500 gained 14.99 points or 0.77 %, to 1,956.98, a record closing high. The
Nasdaq Composite added 25.60 points or 0.59 %, to 4,362.84.

MACRO NEWS

The Reserve Bank of India has asked banks to disclose sector wise loans in their financial statements from 2014/15 onwards.
RBI said on Wednesday it accepted all 48 bids for 206.09 bn rupees ($3.45bn) at its one-day repo auction, through which it injects liquidity into the banking system.
Indian banks' refinancing with RBI rises to 329.48 billion rupees.
Indian banks' cash balances with RBI rise to 3.23 trillion rupees.

STOCKS IN NEWS

RJio to launch high-speed data, voice services on 4G next yr
Coal India's supply to fertilizer, cement firms drops
Birla Sun Life AMC's domestic equity AUM crosses Rs 16,000 cr.
FII need RBI nod to buy Kotak Mahindra Bank shares.
FII holding in Kotak Mahindra Bank hits trigger limit.
United Spirits -Shareholders okay hiving off Chennai distillery unit.
Crompton Greaves put land parcel worth Rs 1400 crore up for sale.

COMMODITY ROUNDUP

Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country's biggest refinery and led to the withdrawal of staff by foreign oil firms, stoking
worries about exports from the key oil producer. Brent crude rose to a nine-month high on Wednesday as investors worried about exports from Iraq, while U.S. crude dipped
after government numbers showed domestic crude inventories fell much less than an industry group had reported.

CURRENCY ROUNDUP

The Indian rupee slid 0.65 % against the U.S. dollar and bonds also weakened. The rupee touched a low of 60.43 to the dollar compared with its previous close of 60.03/04 and
the 10-year benchmark bond yield rose 6 basis points on the day to 8.66 %. The Indian rupee fell on Wednesday as the worsening crisis in Iraq threatened to disrupt oil supplies but recovered from session lows after state-owned banks sold dollars, likely on behalf of the central bank.

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