Global markets at a glance

European shares eked out gains driven by upbeat earnings
from a number of blue-chip companies.
Asian stocks slipped on Wednesday while the U.S. Dollar
held firm after a slump on Wall Street and tensions over
Ukraine instilled a mood of risk aversion across markets.
For now, the drag from Wall Street was too much for regional markets and MSCI's broadest index of Asia-Pacific
shares outside Japan slipped 0.2 percent. Losses were
moderate, with Japan's Topix off 0.6 percent, as was the
Nikkei.

Wall Street Update

Stocks ended down on Tuesday, nose-diving in the afternoon as concerns mounted over escalating tensions in
Ukraine. All 10 S&P 500 sectors ended lower, led by energy stocks, which lost 2.1 percent.The energy index .SPNY
ended 2.1 percent lower, dragged down by concerns
about oversupply of oil and disappointing results from
Pioneer Natural Resources (PXD.N). Pioneer lost 5.6 percent and was the worst-performing S&P energy name.

MACRO NEWS

India services PMI to be released at 10:30 a.m.
India to build pipeline to Nepal for oil products.
The premier public sector bank has revised interest rates on its foreign currency non-resident (Banking) deposits with immediate effects.
Bajaj Auto reported 9 per cent increase in motorcycle sales at 2,67,841 units in July 2014. The company had sold 2,46,828 units in the same month last year.
Indian drugmakers to pay higher facility fees on US hike. he new rates, applicable on companies from all nations, are effective from Oct 1 and will remain in force through Sept 30, 2015, as per FDA.

STOCKS IN NEWS

Results Today: Adani Ports , Adani Power , IDBI Bank ,
JSPL , Apollo Tyres , GSK Consumer , City Union Bank ,
Gati , Amara Raja Batteries , Accelya Kale, AB Chemical,
Asahi India, Gujarat Gas, Jubilant Industries, Lakshmi
Machines, Maharashtra Seamless, Nitesh Estates, Paper Products, Pennar Industries, Piramal Enterprises,
Schneider Electric, Shasun Pharma, Tata Teleservices,
Jet Airways enters into codeshare agreement with
Vietnam Airlines.
HDIL : Merrill Lynch Capital Markets Espana S.A. Buys
30.50 lakh shares at Rs 94.7.

COMMODITY ROUNDUP

Gold failed to get any lift from safe-haven flows and idled at
$1,288.14 an ounce. Oil prices remained under pressure as
ample supplies in Europe and North America outweighed
fears that violence in the Middle East and North Africa
could disrupt production. Brent crude edged up 20 cents on
Wednesday to $104.81, but that followed its weakest close
since November 2013. U.S. crude was 30 cents firmer at
$97.68, following its lowest settlement since early February.

CURRENCY ROUNDUP

The Indian rupee rose for a second consecutive session on
Tuesday, as gains in domestic shares after foreign investors
turned buyers following a three-day selling streak helped,
and overcoming some volatility earlier in the session. The
partially convertible rupee closed at 60.8450/8550 per dollar compared to 60.93/94 on Monday. The rupee moved in
a wide range of 60.69 to 60.95 during the day. The unit
gained 0.4 percent on Monday, its biggest single-day gain
since July 11.

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