Global markets at a glance

Asian shares inched lower early on Wednesday after a lacklustre day on Wall Street, MSCI's broadest index of Asia-
Pacific shares outside Japan was down 0.1% in early trade
after Wall Street marked a mixed day, though the upbeat
U.S. economic data underpinned shares and limited losses.
Japan's Nikkei bucked the trend and added 0.8 percent as
the yen weakened.
European stocks were higher on Tuesday, after positive
Spanish unemployment data and amid growing hopes the
European Central Bank will announce fresh easing measures at its upcoming policy meeting on Thursday.


Index stats

US stocks ended mostly lower on Tuesday, retreating from
records set the previous month, as falling crude oil prices
dragged energy shares down and offset strong manufacturing data. The S&P energy index fell 1.3 percent as the prospect of slowing demand for oil in China and Europe and
concerns about an oversupply of oil brought Brent crude oil
futures to their lowest price since May 31, 2013. The DJI
average fell 30.89pts, or 0.18%, to 17,067.56. The S&P 500
ended down 1.09pts, or 0.05%, at 2,002.28. The Nasdaq
added 17.92 pts, or 0.39%, to end at 4,598.19.

MACRO NEWS

Suzuki to complete Gujarat plant by 2017.
SBI eyes 15 per cent growth in credit offtake.
Rural Electrification Corp to provide Rs 20,000-crore funding to Telangana utilities.
NMDC in process of acquiring 3,000 acres for Bellary steel
plant .
Environmentalists question scheduling of hearing on
Adani Enterprises' plan to develop the Machchakata coal
block.
Supreme Court refuses Vijay Mallya's plea against United
Bank of India's decision to declare him a willful defaulter.

STOCKS IN NEWS

Tata Motors -Bags order for over 2,700 buses under
JnNURM-II scheme.
Infosys to unveil growth plan by mid-Oct.
Maruti Suzuki August vehicle sales up 26.9 pct y/y.
Adani Power , Tata Power want early resolution on
compensatory tariff for Mundra plants.
BSNL and MTNL to be merged by July next year.
Coal India earmarks Rs 235 crore for sanitation

COMMODITY ROUNDUP

Fearing a poor response, the govt of Goa put off on Tuesday
its fifth round of iron ore auctions. The government had
allocated 2.18 million tonnes of low-grade ore for the fifth
round of e-auction. Around five mt was sold in the earlier
four rounds. The entire quantity kept had been sold in the
first three; the fourth round had 185,765 tonnes of unsold
quantity, plus rejection of bids for another 39,000 tonnes.
The buoyant dollar pressured prices of dollar-based commodities. Spot gold steadied at $1,266.06 an ounce after
plunging 1.7 percent in the previous session as the dollar
spiked higher.

CURRENCY ROUNDUP

The Indian rupee weakened for a fourth consecutive session
on Tuesday, dropping the most in three weeks, tracking
weaker Asian currencies amid caution ahead of key events
including a European Central Bank meeting and U.S.
monthly jobs data. The partially convertible rupee closed
weaker at 60.68/69 versus Monday's close of 60.5250/5350.
The 0.2 percent fall on the day, is the biggest single-day decline since Aug. 13. Broad gains in the dollar hurt the local
unit. The index of the dollar against six major currencies was
up 0.3 percent. Most Asian currencies too traded weaker
against the greenback.

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