Global markets at a glance

Asian stocks edged up on Wednesday as risk aversion triggered by recent geopolitical tensions continued to ebb.
MSCI's broadest index of Asia-Pacific shares outside Japan
rose 0.7%, lifted after the S&P 500 hit a new high overnight
as risk markets turned their attention to positive corporate
earnings and economic data.
European shares bounced back on Tuesday on some strong
earnings reports and after signs of cooperation between
Russia and other nations in investigating the shooting down
of a Malaysian airliner over Ukraine.

Wall Street Update

US stocks rose on Tuesday as some positive earnings and
economic data pointed to a market that still had room to
rise despite the S&P 500 hitting an intraday record. Inves-
tors continued to pay close attention to unstable regions
abroad, and while violence persisted in the Gaza Strip,
hopes rose for an easing of tension in Ukraine. With 23 per-
cent of S&P 500 companies having reported results, 66.1
percent posted earnings that topped expectations. The
Dow Jones industrial average rose 61.81 points or 0.36 per-
cent, to end at 17,113.54. The S&P 500 gained 9.90 points
or 0.50 percent, to 1,983.53. The Nasdaq Composite added
31.31 points or 0.71 percent, to 4,456.0 About 5.05 billion
shares traded on all US platforms

MACRO NEWS

Axis Bank Q1 -Net profit at Rs 1,666.7 crore versus Rs
1,409 crore (YoY) -NII at Rs 3,310.5 crore versus Rs
2,865 crore (YoY) -Gross NPAs at 1.34 percent versus
1.22 percent (QoQ).
Attorney General tells CBI to chargesheet marans (Sun
group will be in focus).
TCS partners with MapR Tech for data alliance.
IBM, Wipro in race for Rs 1200 crore Reliance Communications ' contract.
MCX-SX seeks to end business ties with Financial Technologies


STOCKS IN NEWS

Results today: Cairn India , YES Bank , Polaris Financial
Technology , JSW Energy , L&T Finance Holdings , Kalyani Steel , Essar Ports , ABB India , Alstom T&D , Transport Corporation of India , Sanofi , NIIT , Mcleod Russel , Liberty Shoes , GIC Housing , Coromandel International.
Lupin, US firms weigh bids for GSK's mature drugs.
Tata Sons war chest swells on TCS dividend

COMMODITY ROUNDUP

gold held steady after falling on Tuesday as tensions over
the Malaysian airliner downed over Ukraine eased. Spot
gold was little changed at $1,306 an ounce after going as
low as $1,301 overnight. It had climbed to as high as $1,324
late last week when the Malaysian airliner was brought
down.
U.S. crude dropped to around $102 a barrel, falling for a
second consecutive session as oil supplies were unaffected
by continuing violence and tension in Iraq, Ukraine and
Gaza.

CURRENCY ROUNDUP

Rebounding from one-month lows, the rupee yesterday
rose six paise to end at 60.24 against the US dollar on fresh
selling of the American currency by exporters and positive
cues from a strong domestic share market. The rupee resumed higher at 60.25 per dollar as against the last closing
level of 60.30 per dollar at the Interbank Foreign Exchange
(Forex) Market. It firmed up further to 60.18 per dollar before finishing at 60.24 per dollar, showing a gain of six paise
or 0.10 per cent. Intra-day, it hovered in a range of 60.18
per dollar and 60.2850 per dollar.

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