Global markets at a glance

Asian stocks tracked an overnight decline on Wall Street
and dipped early on Wednesday, while the dollar was kept
in check after U.S. yields fell on geopolitical woes and dov-
ish statements by a Federal Reserve official. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2%, sliding to a fresh four-month low. Nikkei shed 0.6 %.
European shares fell for a second day on Tuesday, after
data showed a contraction in French business activity and
slower growth in German manufacturing this month. The
CAC fell 1.9% and the FTSEurofirst 300 index closed down
1.3 % weaker at 1,374.85 points, after falling to a one-week
low.

Wall Street

US stocks fell on Tuesday, with consumer staples leading
the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic
growth. The day's losses were broad, with all ten primary
S&P sectors down. Consumer staples were the weakest on
the day, off 0.9 %, while industrials lost 0.8 %. Wall Street's
losses tracked Europe's 1.3 % slump after data showed a
contraction in French business activity and slower growth
in German manufacturing this month.
The Dow Jones industrial average fell 116.81 points, or 0.68
%, to 17,055.87, the S&P 500 lost 11.52 points, or 0.58 %,
to 1,982.77 and the Nasdaq Composite dropped 19.00
points, or 0.42 %, to 4,508.69. The S&P 500 fell for a third
consecutive session and closed below its 14-day moving
average for a second straight day, a sign of weak near-term
momentum.

MACRO NEWS

Supreme Court to give verdict on coal block allocation
case today at 10.30 am.
Domestic Iron Ore production is likely to see a deficit of
30 million tonne this year.
SEBI said Oracle Financial Services violated listing norms.

STOCKS IN NEWS

Infosys, Wipro to help Dell treble services revenue.
JSW Energy JV gets nod to raise mining from Raj lignite mine.
Pidilite acquires Blue Coat's adhesive biz for Rs
263.57cr.
Thermax Babcock, Wilcox Energy Solutions JV wins Rs
339 crore export order.
Bajaj Electricals bags order worth Rs 108.6 crore in
Maharashtra.
L Capital, Temasek, IFC may invest USD 400-500 million in Aditya Birla Retail.

COMMODITY ROUNDUP

MCX Copper was trading in a sideways trading channel on
the back of mixed set of events in the markets. On one
hand, the China PMI number surprised the markets. The
long positions of Copper appreciated by 3443. The total
long positions of Copper for the one week period ending
16 September 2014 was 34162 contracts against 30719
contracts on 9 September 2014, up 11.21 percent. Indian
Copper prices were last seen trading at Rs 415 per kg, up
0.02% from last session. The prices tested a high of Rs 417
per kg, and a low of Rs 414.2 per kg. COMEX Copper was
trading at $ 3.045 per pound, down 0.7 cents.

CURRENCY ROUNDUP

The dollar held close to a four-year peak against a basket of major currencies on Wednesday, underpinned
by safe-haven buying as U.S. and Arab warplanes
struck targets in Syria. Against the yen, the dollar
slipped 0.3 percent to 108.56 yen, after dropping to a
session low of 108.46 yen following.
The dollar dipped against the yen, a traditional safe-haven buy. The Japanese unit also got a boost. The dollar index .DXY was slightly higher at 84.671, in sight of
Monday's high of 84.861, which was its loftiest level
since July 2010.

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