Global markets at a glance

Asian shares and the dollar firmed on Friday, catching a
lift from U.S. stocks' surge to record highs after U.S. Jobs
data showed the lowest unemployment rate in six years
and underscored the strength of the economic recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.1 percent in early trade,
close to this week's three-year highs, while Japan's Nikkei
stock average .N225 rose 0.9 percent.
European shares headed back towards multi-year highs
on Thursday. The pan-European FTSEurofirst 300 index
closed up around 1% at 1,398.24 points, a whisker away
from the 6-1/2 year high of 1,399.62 points reached in
late June.

Wall Street Update

Wall Street's holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000
for the first time after the June jobs report came in much
stronger than expected. The Dow Jones industrial average rose 92.02 points or 0.54%, to 17,068.26. The S&P
500 gained 10.82 points or 0.55%, to 1,985.44. The
Nasdaq Composite added 28.19 points or 0.63%, to
4,485.93.

MACRO NEWS

BSE, which operates in equities, derivatives, currency and
debt segments, was unable to update prices of securities
due to network problems.
Govt is likely to sell a 5 percent stake in state-run Steel
Authority of India Ltd in the last week of this month.
PFC raised $384 mln from a three-part bond sale. PFC
raised 16 billion rupees in three-year bonds at 9.11 percent, 1 billion rupees in five-year bonds at 9.15% and 6
billion rupees in seven-year bonds at 9.20%.
RBI on Thursday restored the overseas investment limit of
Indian companies to 400% of the firm's net worth.

STOCKS IN NEWS

Sun Pharma recalls 200 vials of cancer drug in US.
Sesa expects to resume iron ore mining in Goa in Sept.
Shareholders reject Tata Motors pay hike
Muthoot Fincorp launched its 1st public sale of bonds.
1 bn rupees issue has an option to retain oversubscription of another 1 bn rupees. The bonds pay a yield of
up to 12%. The issue closes on Aug. 4.
FIIs can buy up to 74% of Bharti Airtel's paid up capital.

COMMODITY ROUNDUP

Silver prices fell 0.93% to Rs 44,300 per kg in futures trade
today as speculators engaged in trimming positions amid a
weakening trend overseas. At the MCX, silver for delivery in
July traded lower by Rs 415, or 0.93%, to Rs 44,300 per kg in
a business turnover of six lots. The white metal for delivery
in September declined by Rs 212, or 0.47%, to Rs 44.840 per
kg in 1,241 lots. In the international market, silver traded
0.30% lower at USD 21.09 an ounce after rising to USD
21.29 yesterday, the highest price since March 17. A weak
trend in precious metals in overseas markets before employment data that may show the US economy is gaining
momentum weighed on silver prices in futures trade here.

CURRENCY ROUNDUP

The dollar started trade in Asia at one-week highs on Friday,
having shown competitors a clean pair of heels after surprisingly strong U.S. jobs growth added to hopes the econ-
omy is pulling out of a first quarter slump.
U.S. benchmark Treasuries yields eased from two-month
highs on Thursday to trade lightly higher after traders reconsidered a strong U.S. June nonfarm payrolls report and
reacted to comments from European Central Bank chief
Mario Draghi.


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