Global markets at a glance

Asian equity markets were mixed on Tuesday as tensions
over Ukraine took the shine off Wall Street's overnight
gains. China's Shanghai Composite was flat at 2,228.22.
Hong Kong's Hang Seng was flat at 25,168.92. Japan's Nikkei shed 0.40 percent or 62.02 points at 15,551.23. South
Korea's Seoul Composite was up 0.38 percent or 7.84
points at 2,068.73. Singapore's Straits Times was flat at
3,332.45. Taiwan's Taiwan Weighted was flat at 9,397.21.
European shares rose on Monday, as prospects of new
stimulus measures from the European Central Bank enabled the region's stock markets to shrug off weak German
data and the resignation of the French government.

Wall Street Update

The S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time on Monday,
but still managed to close at a record high, buoyed by fi-
nancials and biotechnology stocks. The Dow Jones industrial average rose 75.65 points or 0.44 percent, to
17,076.87, the S&P 500 gained 9.52 points or 0.48 percent,
to 1,997.92 and the Nasdaq Composite added 18.80 points
or 0.41 percent, to 4,557.35.

MACRO NEWS

India's Finance Minister Arun Jaitley will hold his first official press conference today ahead of release of quarterly
GDP data for the April-June quarter on Friday. (Time is yet
to be confirmed).
Credit Suisse maintains outperform rating on MARUTI
with an increased target price to Rs 3,500 apiece
Sebi seeks fresh clarification on Lavasa's Rs 750-cr IPO.
ICICI Bank is planning to sell its second batch of 10-year
senior bonds of up to 30 billion rupees ($496 million). The
offering, via a private placement, is likely to go directly to
two big investors. Kotak Mahindra Bank and Andhra Bank
are the other lenders to have raised 2.65 billion rupees
and 5 billion rupees from such bonds at annual coupons
of 9.36% and 9.35%, respectively.

STOCKS IN NEWS

Shree Cement to buy JP's cement grinding unit for Rs
360cr.
Alstom T&D India gets big order from Power Grid for
ultra-high voltage direct current link.
Axis Bank sought its board approval on Aug. 21 to
raise up to 60 billion rupees via long-term bonds.
PFC priced a two-tranche offering totaling 33.34 billion rupees ($551 million) in local bonds.
SyndiBank CMD's bail plea in Patiala court at 2 pm.

COMMODITY ROUNDUP

Silver prices fell by 0.14% to Rs 41,896 per kg in futures
trade yesterday as speculators trimmed positions amid
weak cues from global markets. At the Multi Commodity
Exchange, silver for delivery in September traded lower by
Rs 59, or 0.14%, to Rs 41,896 per kg in a business turnover
of 1,285 lots.
Similarly, the white metal for delivery in December declined by Rs 44, or 0.10%, to Rs 42,649 per kg in a business
volume of 126 lots. In the international market, silver
traded 0.7% lower at $19.30 an ounce in Singapore, the
lowest since June 12. Attributed the fall in silver prices at
futures trade to offloading of positions by speculators amid
weak cues from overseas markets.

CURRENCY ROUNDUP

The Indian rupee fell on Monday, retreating from a three-
week high hit last week, as the dollar gained after U.S. Federal Reserve chief Janet Yellen was seen as more hawkish
than her European counterpart at a central bankers' meeting. The partially convertible rupee closed at 60.5650/5750
per dollar compared with 60.4650/4750 in the previous ses-
sion. The falls in the rupee came after the U.S. dollar rose to
a near one-year high against a basket of six-major currencies. Most Asian emerging market currencies also fell. The
rupee also faltered after the NSE index edged lower on
Monday after hitting a second consecutive record high as
gains in blue-chips were offset by a slump in resources firms
following the top court's ruling on coal allocations. In the
offshore non-deliverable forwards, the one-month contract
was at 60.89, while the three-month was at 61.45.

Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers who offer updates on the sectors like – Share Advisory Firm, derivative trading, commodity trading, FOREX trading tips etc.

Our research Team give recommendations on the following -

- equity (cash)
- derivatives
- commodity and
- currency

Keep track our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/

Or mail us here: [email protected]
or

https://www.epicresearch.co/research/special-reports
###