Global markets at a glance

Asian stocks rose early on Thursday, cheered by a sizeable
overnight rebound on Wall Street. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS gained
0.1 %, pulling away from a four-month low touched the
previous day when U.S.-led air strikes in Syria stoked geopolitical concerns. Tokyo's Nikkei rose 1%, heartened as the
yen resumed its weakening against the dollar.

Wall Street

US stocks jumped in a broad advance on Wednesday, with
the S&P 500 snapping a three-day losing streak and climbing back above a key technical level in a move that pointed
to improving near-term momentum. The day's gains were
spread across industries, with nine of the ten primary S&P
500 sectors up on the day, though healthcare and biotech-
nology stocks. The DJI average rose 155.6pts, or 0.91%, to
17,211.47, S&P 500 gained 15.65pts, or 0.79%, to 1,998.42
and the Nasdaq added 46.53pts, or 1.03%, to 4,555.22.

MACRO NEWS

The Supreme Court on Wednesday cancelled all coal block
allocations except for govt-run blocks that operate on a
non-JV basis. The criteria fits just four of the 218 blocks
that were deemed illegal by the court in its August order. Media reports said exempted coal blocks included
allocations to NTPC, SAIL and Sasan UMPP.
CCI order clears road for generic car parts market
Reliance Power 's talks to acquire Jaiprakash Power Ventures ' three hydro power projects have been called off
lack of clarity over capacity of the Karcham Wangtoo project. Due to prevailing regulatory uncertainties and tariff
issues, which impact valuations, Reliance Power and JPVL
have terminated discussions regarding Reliance Power's
acquisition of JPVL's 3 projects with an aggregate capacity
of 1,791 MW.

STOCKS IN NEWS

Coal India Limited has been asked to take over operational blocks for 6 months.
SBI board approves stock split in 10:1.
IDBI says has near $328 million loan exposure to companies affected by coal ruling.
Sun Pharma-Ranbaxy deal: CCI's public scrutiny deadline ends Yesterday .
Polaris Financial Technology says Madras HC approves
demerger between company and Intellect Design
Arena.


COMMODITY ROUNDUP

Gold futures pared the prior gains as dollar rose amid
profit taking. The yellow metal witnessed some buying after dropping to its 10 month low earlier in the week, near-
ing the $1200 per ounce mark. Rising oil prices and a massive sell off in global stocks supported the commodity yesterday and the COMEX futures moved above$1230 per
ounce mark. U.S.-led air strikes in Syria involving five Arab
nations targeting ISIS positions gave the yellow metal a
boost in Tuesday's trading.


CURRENCY ROUNDUP

The rupee could also remain under pressure ahead of the
Reserve Bank of India's policy review on Sept. 30. The central bank is expected to keep interest rates on hold until the
April-June quarter of next year, when it may loosen policy, a
Reuters poll showed on Wednesday. In the offshore non-deliverable forwards, the one-month contract was at
61.23/33, while the three-month was at 61.80/90.

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