Global markets at a glance

Asian stock markets inched higher on Monday as investors set aside geopolitical concerns to focus on the generally upbeat flow of U.S. corporate earnings ahead of a
host of results due this week. Volumes were light, however, with Japanese markets on holiday. MSCI's broadest
index of Asia-Pacific shares outside Japan .MIAPJ0000PUS
added 0.13 percent, while South Korea put on 0.4 percent.
European shares ended flat on Friday as the prospect of
heightened tensions between Russia and the West
capped appetite for risk assets and offset strong earnings
reports from Sweden. Investors were reluctant to open
new long positions after a passenger plane was shot
down over Ukraine on Thursday, and fears were that the
situation would deteriorate at the weekend. But selling
pressure eased and volatility fell during the day

Wall Street Update

US stocks rose on Friday, rebounding a day after the S&P
500 suffered its worst slide since April 10, with the three
major indexes closing higher for the week. Technology
stocks ranked among the day's biggest gainers. Google
led the rally. The Dow Jones industrial average rose
123.37 points or 0.73 percent, to end at 17,100.18. The
S&P 500 gained 20.10 points or 1.03 percent, to
1,978.22. The Nasdaq Composite added 68.70 points or
1.57 percent, to 4,432.15.

MACRO NEWS

Market valuation of top-8 Sensex cos surge Rs72,259 cr.
Sun Pharma - Ranbaxy Labs deal gets BSE, NSE approval.
India to say no to WTO trade facilitation deal.
Trai may allow sharing of all kinds of telecom spectrum.
Wal-Mart adds $102.9mn in Indian wholesale biz in June.
CAG flays oil cos for overcharging clients by Rs 26,626cr.
India among biggest UK foreign investors.

STOCKS IN NEWS

Results today: HDFC Bank , HDFC , Canara Bank , Exide
Industries, HDIL , HindZinc , Idea Cellular , V-Mart Retail , Texmaco Rail, Tata Metaliks.
FTIL to sell 15% in MCX to Kotak Mahindra for Rs 459 cr
RIL Q1 net up 13.7% to Rs 5957 cr, beats analyst estimates
Ultratech Cement Q1 net dips 6% to Rs 628 cr.

COMMODITY ROUNDUP

MCX Gold futures came off their highs after strong gains in
the last session. Global gold futures were also witnessing
some profit selling after a strong surge in over night trades.
The COMEX Gold futures jumped sharply yesterday, breaking above $1300 per ounce as risk aversion in US stocks and
geopolitical worries following crash of a Malaysia Airlines-
plane in battle hit east Ukraine. COMEX Gold soared by
nearly $30 per ounce in a massive intraday swing following
this. The counter is quoting at $1311 per ounce, down $6
perounce on the day right now. MCX Gold futures trade at
Rs 28032 per 10 grams, down Rs 167per 10 grams.

CURRENCY ROUNDUP

The Indian rupee fell to its weakest in a month against the
dollar, tracking lower emerging market assets after the
downing of a Malaysian airlines jet at the Ukraine-Russia
border sent investors scurrying to defensive assets. The rupee fell 0.7 percent for the week, posting its biggest weekly
loss since mid-June when emerging markets had reeled on
worries about the prospect of civil war in Iraq.
The partially convertible rupee ended at 60.28/29 per dollar, from its Thursday close of 60.18/19. In the offshore nondeliverable forwards, the one-month contract was at
60.47/57, while the three-month was at 60.97/61.07.

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