Global markets at a glance

Asian shares got off on the back foot on Wednesday as continued civil unrest in Hong Kong sapped confidence, while
the dollar index was in sight of a four-year high after marking its best quarterly gain in six years. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS
was down 0.4 percent, while Japan's Nikkei stock average .N225 fell 0.2 percent. Japan's benchmark rose 4.9 percent in September, the biggest monthly rise since last November.

Wall Street

U.S. stocks slipped on Tuesday, dragged down by energy
and materials shares as economic data disappointed. Major
indexes also posted losses for the month, but ended the
quarter with gains. The Dow Jones industrial average .DJI
fell 28.32 points, or 0.17 percent, to 17,042.9, the S&P
500 .SPX lost 5.51 points, or 0.28 percent, to 1,972.29 and
the Nasdaq Composite .IXIC dropped 12.46 points, or 0.28
percent, to 4,493.39.


MACRO NEWS

Sebi plans to cut IPO timeline to just 4 days.
IOC -cut retail petrol prices by 65 paise per litre (including
VAT) from midnight yesterday -Cut in petrol price in wake
of decline in global prices Aviation turbine fuel prices cut
by 3 percent w.e.f. midnight yesterday.
Non-subsidized cooking gas (LPG) prices cut by Rs 21/
cylinder.
Infosys collaborates with Stanford University.
Government cuts silver base import price to USD 575 per
kg from USD 609/kg -Cuts gold base import price to USD
369/10 gm from USD 400/10 gm.

STOCKS IN NEWS

RCOM targets to reduce debt by Rs 15,000cr in 24
months. Debt currently stands at Rs 35,000 crore.
Reliance Capital to double market capitalization in 3-4
years.
JSW Steel -To cut steel prices from October 1.
RBI cuts FII investment limit in IDFC to 48 percent
from 50 percent.
ABB gets order worth Rs 55 crore from Tamil Nadu
government
Punjab & Sind Bank to allot 12.51 crore shares at Rs
59.14/share on preferential basis.

COMMODITY ROUNDUP

MCX Gold futures plummeted as global prices dropped yet
again towards their ten monthlow mark near $1200 per
ounce in European trades. The US dollar rallied to fresh
two yearhighs against the Euro after a feeble inflation
reading in the Eurozone hurt the singlecurrency and made
the greenback extend its recent gains. Gold plummeted
heavily, notholding on to the levels near $1220 per ounce
and currently trades at $1208 per ounce,down $11 per
ounce on the day. MCX Gold futures trade at Rs 26852 per
10 grams, down Rs247 per 10 grams or more than half a
percent on the day.

NCDEX ROUNDUP

The total production of guarseed in the current is likely to
be around 12.5 million tonnes, down almost 43 percent
from the last year. This is mainly on the account of weak
rainfall in major producing states such as Haryana and Rajasthan. Poor rainfall during the crop growing stage ie, July -
August month will impact the productivity and reduce the
total output. The NCDEX October Guarseed futures settled
at Rs 5585 per quintal, down 2.05 percent today . The
NCDEX futures added 5.25 percent in open interest indicating fresh short position by traders.

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