Global markets at a glance

Asian markets mostly rose yesterday, adding to the
previous day’s rally, following a positive lead from Wall
Street while concerns over the Ukraine air crash crisis
ease. Asian stock markets edged broadly higher on
Thursday and the Australian dollar jumped after a surprisingly strong reading on Chinese manufacturing bolstered hopes for recovery in the world's second-biggest
economy. Japan's Nikkei added 0.2 percent while
MSCI's broadest index of Asia-Pacific shares outside
Japan gained 0.3 percent.

Previous day Roundup


Equity benchmarks managed to end at record closing
highs amid volatility on Wednesday, largely supported
by technology stocks and banking majors. The 50-share
NSE Nifty crossed the 7800-mark for the second time
intraday to hit an all-time high of 7809.20. The index
rose 27.90 points to 7795.75, continuing upside for the
sixth straight session while the 30-share BSE Sensex
advanced 121.53 points to 26147.33. However, the
broader markets underperformed benchmarks again
with the BSE Midcap index closing flat and Smallcap
falling 0.6 percent.

MACRO NEWS

YES Bank missed street expectations with Q1 net profit
rising 9.7% on yearly basis to Rs 439.5 crore despite fall in
provisions. Lower other income and higher operating expenses impacted bottom line. Asset quality slightly weakened on sequential basis with the gross NPA climbed (up
11 bps Y-o-Y) to 0.33 percent in June quarter from 0.31
percent in March quarter 2014.
RBI cancels non-banking finance registration certificate of
Deutsche Securities.
Government begins fresh inter-ministerial talks on defence FDI cap.
Gas pricing uncertainty stops GSPC from starting production.

STOCKS IN NEWS

TCS first Indian firm to top Rs 5 lakh cr in m-cap
Cairn drops retro tax suit.
FIPB to take up Ranbaxy 's FDI proposal on August 1.
Liberty Shoes plans to restructure its operations.
L&THSFIN offloaded its 4.55 per cent stake in private
sector lender City Union Bank through an open market
transaction for Rs 183 crore.
Bank of India plans to raise at least Rs 1250 crore.
Gas row: Oil & Natural Gas Corporation and Reliance
Industries pick independent agency.

COMMODITY ROUNDUP

World Aluminium markets have again showed minor decline in the production figures. The June month brought
some relief in the rising trend of production that was near
all time highs. Data estimates from International Aluminium
Institute (IAI) showed that the total primary Aluminium production reached 4.303 million tonnes in the month of June
2014 from 4.331 million tonnes in the month of May 2014.
Although on a year on year basis the production is still
showing signs of improvement. The production gained 1.8%
on a y-o-y basis in June 2014. Asian production excluding
China was 193000 tonnes in June 2014, compared to
203000 tonnes in the month of May 2014. Meanwhile, production appreciation in the GCC region was noted. The total
production of GCC in June 2014 was 412000 tonnes, up 26%
from 327000 tonnes in the month of June 2013.


CURRENCY ROUNDUP

The dollar was broadly lower against the other major currencies on Wednesday, as market sentiment recovered
from the recent risk-off trend caused by geopolitical tensions in Ukraine and the Middle East, although investors
continued to monitor developments in both regions. EUR/
USD inched up 0.02% to 1.3467. On Tuesday, European Union ministers announced an agreement to widen the list of
Russian individuals and entities targeted by asset freezes
and visa bans. The U.S. had hoped for stricter penalties to
push Moscow into cooperating with an international investigation into the downed Malaysian jet.

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