Global markets at a glance

European shares began the month with a gain, as BNP
Paribas rose on relief it had settled a U.S. sanctions case
and mining companies rallied after encouraging economic data came out of China, the world's top metals
consumer. The pan-European FTSEurofirst 300 index
closed up 0.9 percent at 1,382.31 points - notching its
biggest one-day percentage gain since May 8.
Asian stocks scored a three-year peak on Wednesday after a round of upbeat global economic data whetted risk
appetites and helped Wall Street taste all-time highs.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.38 percent to 495.69,
heights not visited since May 2011. Japan's Nikkei .N225
added 0.7 percent to reach its highest in over five
months.

Wall Street Update

The Dow and the S&P 500 closed at record highs on Tuesday as manufacturing activity picked up in the United
States and Asia and increased optimism about the global
economy's health.
The Dow and S&P 500 both scored record closing highs,
as did the MSCI world equity index .MIWD00000PUS. The
Dow .DJI gained 0.77 percent and the S&P 500 .SPX 0.67
percent, while the Nasdaq Composite .IXIC put on 1.14
percent.

MACRO NEWS

Manufacturing activity rose to a four-month high in June,
albeit the pick-up was too gradual, shows a widely-tracked HSBC PMI. The index rose 51.5pts in June from
51.4pts in previous month. The reading above 50pts denotes expansion and one below it shows contraction. PMI
has been slowly picking up pace since April. However, it
was nowhere close to 52.5 pts in Feb.
TV18 launches CNBC BAJAR, India’s 1st Gujarati biz channel CNBC Bajar is partnered by Infibeam.com, in association with Adani and Ganesh Housing.
International rating agency Fitch said India's economic
growth will accelerate to 5.5% this financial year and 6.5%
in FY16 due to the clear mandate received by the proreform New govt.

STOCKS IN NEWS

BHEL commissions Rajasthan discom's Rs 990-crore
thermal unit

L&T bags Rs 2,442 cr order from BSNL
Maruti to launch smallest 800 cc diesel engine with 30
km/l mileage; to be used on Celerio
JK Tyres to up exports with Mexico plant.
Sterlite Technologies bags BSNL deal worth nearly Rs
2500 crore.
Tata Motors June vehicle sales down 27 pct y/y

COMMODITY ROUNDUP

Gold prices rose 0.47% to Rs 27,980 per 10 gram in as
speculators created fresh positions taking positive cues
from overseas markets. At MCX, gold for delivery in farmonth October contracts traded at Rs 131, or 0.47%, to Rs
27,980 per 10 gram with a business turnover of 8 lots. August gold moved up by Rs 120, or 0.43%, to Rs 27,896 per
10 gram, with a trade volume of 179 lots. Increased positions built-up by speculators influenced gold futures.
The precious metal traded at almost three-month high in
global markets with holdings in the SPDR, the biggest gold-
backed exchange-traded product, expanding 0.7% yesterday. Globally, gold climbed 0.90% to $1,326.90 an ounce in
New York in yesterday's trade.

CURRENCY ROUNDUP

The Indian rupee rose on Tuesday tracking stronger domestic shares after foreign investors made their biggest singleday purchase of local stocks in nearly three weeks, while the
absence of any central bank intervention also helped. The
partially convertible rupee closed at 60.07/08 per dollar
compared with 60.17/18 on Monday.
The U.S. dollar was dull in contrast, making only slight gains
on both the euro EUR= and yen JPY=. Its currency basket
index .DXY inched up to 79.823 from a two-month trough of
79.740. The pound scurried as far as $1.7167 GBP=D4, its
highest since October 2008. The Aussie jumped almost a
cent to above 95 U.S. cents AUD=D4 for the first time since
early November. It last traded at $0.9493.

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