Global markets at a glance

European shares closed near a one-week low on Thursday
after a report showed U.S. jobless claims rose last week,
with mining stocks slipping amid concern about China's
economic growth. The STOXX Europe 600 Basic Resources
index fell 0.3 percent on data showing China's consumer
inflation slowed more than expected in August, suggesting
the economy is losing momentum. The FTSEurofirst 300
index ended 0.1 percent lower at 1,383.94 points, having
fallen as far as 1,377.49, the lowest level in a week, after
data showed the number of Americans filing new claims for
unemployment benefits unexpectedly rose last week.

Wall Street

U.S. stocks recovered from early losses on Thursday, with
the S&P 500 managing a slight gain as energy prices and oil
stocks turned higher and financials lent support. The S&P
energy index .SPNY rose 0.1 percent, after trading down
more than 1 percent earlier. Shares of Exxon Mobil
(XOM.N), which had been down for much of the session,
closed up 0.2 percent. U.S. crude oil futures CLc1 ended up
1.3 percent, while Brent was flat. U.S. crude prices have
lost roughly 3 percent so far this month while the S&P energy index is down 3.8 percent.

MACRO NEWS

India will release CPI data for August at 1200 GMT.
India will release industrial output data for July at 1200
GMT (1730 IST).
India is expected to release trade data for August
India foreign exchange reserves data due at 1130 GMT.
IFC provides USD 50 million to Continuum Wind, expands access to energy in India.
Snowman Logistics listing at NSE.
SEBI censures BSE for share allotment lapses in NMDC
OFS -Asks to conduct independent review for remedial
step.

STOCKS IN NEWS

GMR Infrastructure board to meet on September 16
to mull raising funds via issue of equity shares.
Tata Motors partners UK-based Microlise for advanced telematics and fleet management services.
Snowman Logistics listing at NSE.
Sun Pharma -Seeks shareholders' nod to set borrowing limit up to Rs 50,000 crore.
Atul Auto stock split from Rs 10 to Rs 5 . Bharat Electronics final dividend Rs 17.30/share. Max India final
dividend Rs 1.80/share.


COMMODITY ROUNDUP

Gold prices slipped on Thursday as investors avoided the
yellow metal ahead of the Federal Reserve's statement on
monetary policy meeting next week, which many bet will
see further cuts to the U.S. central bank's monthly bond-buying program. On the Comex division of the New York
Mercantile Exchange, gold futures for December delivery
traded at 1,239.50 a troy ounce during U.S. trading, down
0.47%, up from a session low of $1,235.80 and off a high of
$1,250.80. The December contract settled down 0.26% at
$1,245.30 on Wednesday. Futures were likely to find support at $1,235.20 a troy ounce, the low from Jan. 23, and
resistance at $1,279.20, last Thursday's high.

CURRENCY ROUNDUP

The U.S. dollar was riding high in Asia on Friday as incessant
speculation about the outlook for U.S. interest rates undermined commodity prices and unwound leveraged trades in
higher-yielding currencies. The dollar hovered below a 14-
month peak against a basket of major currencies early on
Friday as the selloff in sterling. The euro tapered off, but
commodity currencies remained under pressure.

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