Global markets at a glance

Asian equity markets rose on Tuesday as geopolitical concerns in eastern Ukraine and the Gaza strip eased following new developments overnight. News of a breakthrough in negotiations over the developments at the
downed Malaysia Airlines crash site helped to stabilize
sentiment. Rebel leaders handed over two black boxes to
Malaysian experts in Donetsk who confirmed they were
in good condition. Focus now turns to a meeting of euro
zone foreign ministers on Tuesday to discuss further
sanctions against Russia.

Wall Street Update

US stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the
three major indexes ended well off their lows, a sign that
some appetite for riskier assets remained. The S&P 500
fell as much as 0.6 percent, though it recovered most of
those losses and closed right above its 14-day moving
average, suggesting buyers were using weakness to come
back into the market. Still, the day's losses were broad,
and nine of the 10 primary S&P 500 sector indexes fell.
The S&P energy sector index represented the only positive group, up 0.2 percent. US crude oil for August delivery shot up 1.4 percent to settle at USD 104.59 ahead of
Tuesday's contract expiry.

MACRO NEWS

HDFC reported a 14.7% growth, better than expectations, in Q1 net profit at Rs 1,345cr VS. Rs 1,173cr in
same quarter last year.
Tata Metaliks turned profitable with Q1 consolidated
net profit at Rs 34.3cr as against loss of Rs 13.2 crore
in corresponding quarter of last fiscal. The company's
net sales were up at Rs 356.5cr Vs. Rs 341cr, Y-o-Y.
Government mulls scrapping 30% domestic sourcing
clause for FDI in single-brand retail.
S&P ups Tata Steel outlook to 'stable' from 'negative'.

STOCKS IN NEWS

Hindustan Media Q1 Net up 11.81 per cent at Rs
33.88 crore
IOC, BPCL, HPCL to raise refining capacity to 185.3 MT
by FY17
SAIL, RINL spend Rs 7k cr for plants' maintenance in 3
yrs
Strides Arcolab to take control of Bafna's India
branded generics biz for Rs 48.1 crore.

COMMODITY ROUNDUP

MCX SILVERM August contract was trading at Rs 45226 up
Rs 269, or 0.60 percent. The SILVERM rate touched an intraday high of Rs 45277 and an intraday low of Rs 44960. So
far 8290 contracts have been traded. SILVERM prices have
moved down Rs 1880, or 3.99 percent in the August series
so far. MCX SILVERM November contract was trading at Rs
46082 up Rs 311, or 0.68 percent. The SILVERM rate
touched an intraday high of Rs 46085 and an intraday low
of Rs 45811. So far 266 contracts have been traded.
SILVERM prices have moved down Rs 4114, or 8.20 percent
in the November

CURRENCY ROUNDUP

The Indian rupee today washed out its initial gains against
the American currency and finished two paise down at over
one-month low level of 60.30 on fag-end dollar demand
from banks and importers. The rupee resumed higher at
60.25 per dollar as against the last weekend's level of 60.28
per dollar at the Interbank Foreign Exchange (Forex) Mar-
ket. It firmed up further to 60.1650 per dollar on initial selling of dollars by banks and exporters in view of persistent
foreign capital inflows. However, it washed out its initial
gains on fresh dollar demand from banks and importers on
the back of higher dollar in overseas market and ended at
60.30 per dollar, showing a loss of two paise or 0.03 per
cent from its close on Friday. It moved in a range of 60.1650
per dollar and 60.3250 per dollar during the day.The rupee
had dipped 10 paise on last Friday and 6 paise on Thursday.
On Wednesday, it had closed flat at 60.12. Today's closing
of 60.30 is the lowest since the rupee ended at 60.39 on
June 18.

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