Global markets at a glance

Asian equities rose and the dollar dipped on Thursday,
after the Federal Reserve indicated that it was not in a
rush to end quantitative easing and begin hiking rates.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent. Tokyo's Nikkei rose 0.1 percent,
despite a sharp drop in machinery orders reported minutes before the opening bell.
Pan-European indexes were broadly flat to slightly
higher. The euro zone's blue-chip Euro STOXX 50 index
rose 0.6 percent, recovering some ground after a 3.2 percent fall over the previous three sessions.

Wall Street Update

US stocks finished higher on Wednesday, rebounding
from a sharp two-day selloff, after minutes from the last
Federal Reserve meeting showed policymakers have
started to detail how the central bank will end its easy
monetary policy. The Fed indicated it will end its bond
purchases in October and appeared near agreement on a
plan to manage interest rates in the future, according to
the minutes.
The Dow Jones industrial average rose 78.99 points or
0.47 percent, to 16,985.61. The S&P 500 gained 9.12
points or 0.46 percent, to 1,972.83. The Nasdaq Composite added 27.57 points or 0.63 percent, to 4,419.03.

ECONOMIC SURVEY UPDATES:

Need To Permit Commercial Coal Mining By Private Cos.
Need To Optimise Procurement Cost Of Power.
Stressed Sectors are Infra, Iron & Steel, Textiles, Aviation and Mining.
Pricing Of Subsidised Fertilisers Skewed Nutrient Usage
Rollout Of Nutrient Fert Subsidy Flawed Without Urea.
Sustaining Improved BoP To Be Challenge In Mediumterm.
Arbitrary Cane Price Fixing By States Hitting Sugar Mills.
Current Account Deficit May Be Limited To 2.1% Of GDP.
Seeing Signs Of Revival In Aviation Sector.

STOCKS IN NEWS

M&M is recalling around 23,000 units of a select variant of its popular sports utility vehicle Scorpio to rectify faulty pressure regulating valves.
IndusInd Bank met street expectations with net profit
in Q1 of year 2014-15 rising 25.7% yoy to Rs 421cr
supported by stable asset quality & higher other income. Net interest income increased by 17.7% on
yearly basis to Rs 800 cr and other income 22.5% to Rs
576.4cr in quarter gone by.
JSW Steel to import 6-mt iron ore in FY15.


COMMODITY ROUNDUP

Gold imports surged in June to a 12-month high, at an estimate of 52 tonnes. This follows the Reserve Bank of India’s
relaxation in May of import norms, when premium and star
trading houses were allowed to import under the ‘80:20’
rule. Meanwhile, it also appears traders have been destocking gold ahead of Thursday’s Union Budget, in which they
expect a tariff cut. On Wednesday, they were said to have
sold at a discount to the market price, which brought down
premiums for physical delivery to $3 an ounce. RBI has also
allowed gold importing banks to lease it to jewellers.
Sources said the lease rates quoted are 4-4.25 per cent.

CURRENCY ROUNDUP

The Indian rupee ended largely steady on Wednesday as
strong dollar sales on hopes of a fiscally prudent budget
were offset as shares retreated from record highs to fall for
a second consecutive session. Hopes about the budget were
reinforced after the government issued an economic survey
report calling the fiscal situation worse than it appears and
hinted at tough measures to shore up public finances and
reduce inflation.

Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers who offer updates on the sectors like – Intraday stock Futures Tips , derivative trading, commodity trading, FOREX trading tips etc.

Our research Team give recommendations on the following -

- equity (cash)
- derivatives
- commodity and
- currency

Keep track our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/

Or mail us here: [email protected]
or

https://www.epicresearch.co/research/special-reports
###