Global markets at a glance

Asian markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar was on track to
post its biggest monthly gain in well over a year. Hang Seng
Index shed another 0.9% to its lowest in three months.
MSCI's broadest index of Asia-Pacific shares outside Japan
lost 0.5% having already fallen sharply on Monday. Chinese
shares have been less troubled, perhaps because news and
images of the protests are hard to come by on the
mainland. The Shanghai index was flat near a 19-month
peak.

Wall Street

US stocks ended lower on Monday following protests in
Hong Kong that added to worries about Chinese growth
and after a disappointing forecast from Ford Motor Co. The
Dow Jones Industrial average fell 41.93 points, or 0.25 percent, to 17,071.22; the S&P 500 lost 5.05 points, or 0.25
percent, to 1,977.8; and the Nasdaq Composite dropped
6.34 points, or 0.14 percent, to 4,505.85. The benchmark
S&P 500 index posted 13 new 52-week highs and 12 new
lows. The Nasdaq Composite recorded 40 new highs and
129 new lows.


MACRO NEWS

Banks tell companies to raise funds abroad on expectations of US interest rates hike in 2015.
Centre may cap number of subsidized LPG cylinders at 9
to bring down deficit.
Modi announced merger of PIO and Overseas Citizens of
India schemes to facilitate hassle-free travel to the Indian
diaspora.
The government aims to raise 584.25 billion rupees from
sales of shares in state-run companies and minority stakes
in private companies.
Textiles Ministry in talks with SIDBI to fund textile venture
capitalists, and will be launching thirteen new textile
parks.


STOCKS IN NEWS

Strides Acrolab’s board approved its merger with
Shasun Pharmaceuticals .
IDFC -Signs agreement with real estate funds managed by Blackstone
HDIL promoters revoke all pledged equity shares
SAIL offer for sale (OFS) now likely to take place before Diwali
Essar Ports gets shareholders' nod to issue debt instruments up to USD 1 billion

COMMODITY ROUNDUP

MCX Copper has seen a decline of 8.5 percent this year.
The start for this metal was at an elevated level with prices
at Rs 454.86 per kg on 31 December 2014, while the prices
of Copper have now come to levels of Rs 416.41 per kg by
the end of September 2014. In coming days the challenge
for Copper will be to move beyond Rs 450 per kg. In LME,
Copper has seen a decline of 5.7 percent so far this year.
The prices were at $ 7298.57 per tonne, at the start of the
year, from where they have come down below $ 7000 and
are at $ 6880.9 per tonne.

NCDEX ROUNDUP


Cardamom prices fell by 0.55% to Rs 872 per kg yesterday
as speculators booked profits at prevailing higher levels
amid subdued demand in the spot market. Adequate stocks
position in the physical market on increased arrivals from
producing regions also put pressure on cardamom prices. At
MCX cardamom for delivery in November declined Rs 4.80,
or 0.55% to Rs 872 per kg in business turnover of 105 lots.
The spice for delivery in October traded lower by Rs 1.90, or
0.22% to Rs 872 per kg in 184 lots. Besides profit-booking by
speculators, weak demand in the spot market mainly influenced cardamom prices at futures trade.


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