Global markets at a glance

Asian share markets edged higher on Monday as euro
zone banking jitters faded, to be replaced by caution
ahead of corporate earnings and a raft of global economic events including testimony from the head of the
Federal Reserve. MSCI's broadest index of Asia-Pacific
shares outside Japan .MIAPJ0000PUS was up 0.2 percent,
with Seoul .KS11 putting on 0.4 percent. Japan's Nikkei .N225 rose a modest 0.2 percent after several sessions of losses.

Wall Street Update

U.S. stocks managed to score modest gains on Friday, but
the S&P 500 posted its biggest weekly drop since April as
investors showed only mild enthusiasm after getting their
first glimpses of earnings. Next week's flurry of earnings
will include reports from Google and Intel. The Dow
Jones industrial average rose 28.74 points or 0.17 percent, to end at 16,943.81. The S&P 500 gained 2.89
points or 0.15 percent, to 1,967.57. The Nasdaq Composite added 19.29 points or 0.44 percent, to 4,415.49.

MACRO NEWS

The Rs 4,200cr plan will help speed up transportation of
coal to power plants in north and east of the country.
Power demand in Delhi again broke all records on Friday,
touching an all-time high of 5810 MW, a day after registering the highest demand.
Rs 200 crore allocated to set up six textiles clusters
Finance Minister proposed a reduction in excise duty on
footwear from 10% to 6%.
FMCG companies run into growth bump in South.
General Anti-Avoidance Rules (GAAR) will be applicable
from April 1, 2015.

STOCKS IN NEWS

Results today: DCB Bank , Shakti Pumps , Tata Sponge ,
Zydus Wellness.
Sun Pharmaceutical Industries recalls Venlafaxine Hydrochloride after failing a dissolution test.
Coal India arm Mahanadi Coalfields Ltd may stop some
mining projects in Odisha.
Government to invest Rs 39,458 crore in BSNL, MTNL
in next five years.
Titan (Tanishq) closes its jewellery purchase scheme.

COMMODITY ROUNDUP

The COMEX Gold futures for August delivery trades at
$1,337.60, down $1.60 a troy ounce and Silver September
quotes at $21.483 a troy ounce, down $0.025 on Friday. MCX Gold off the three months high ON Friday with
the August contract quotes at Rs 28,307, down Rs 189
and silver September quotes at Rs 46085, down Rs 179 on
Friday. Indian rupee appreciated and quotes at Rs 60.04,
down 0.25%.


CURRENCY ROUNDUP

The Indian rupee gained on Friday on dollar sales by a large
corporate, but that was not enough to prevent its first
weekly fall in three as markets reeled on disappointment
over the lack of specifics in the federal budget. The partially
convertible rupee ended at 59.93/94 per dollar compared
with 60.19/20 on Thursday, boosted largely by dollar sales
from a large corporate.

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