Global markets at a glance

European shares dipped 0.27 percent after the Russian
convoy of aid trucks entered eastern Ukraine without Kiev's
permission and hurt by a ratcheting-up of tensions in
Ukraine, although traders said a dovish tone in a speech by
U.S. Federal Reserve Chair Janet Yellen limited losses. The
MSCI world equity index, which tracks shares in 45 nations,
was down 0.29 percent.. But the FTSEurofirst, which fell as
much as 0.7 percent in a choppy day of trade, managed to
recover some of its poise to end the session down 0.3 percent at 1,351.38 points.

Wall Street Update

Wall Street and other stock markets paused on Friday, halting the week's strong gains, as worsening Ukraine tensions
dogged trading, while the dollar rose after Federal Reserve
Chair Janet Yellen said policymakers eyeing interest rate
hikes need to move cautiously. The Dow Jones industrial
average fell 38.27 points, or 0.22 percent, to 17,001.22, the
S&P 500 lost 3.97 points, or 0.2 percent, to 1,988.40, and
the Nasdaq Composite added 6.45 points, or 0.14 percent,
to 4,538.55.

MACRO NEWS

PACL Ltd ran a collective investment scheme, mobilising
about Rs 50,000 crore, the Sebi has asked the company to
refund investors and wind up operations.
BSE's 53 scrips moving from T group to B group effective
today, NSE moves 10 scrips - Westlife Development - Sequent Scientific - Shiv-Vani Oil and Gas Exploration Services - Atlanta Infrastructure and Finance 11 scrips to be
transferred to T group effective today - Twilight Litaka
Pharma - Arvind International - Compact Disc India – Tutis
Technologies.
Oil Ministry says -Secretaries panel formed on gas price
revision.
Infosys grants 22,794 restricted stock units to CEO.


STOCKS IN NEWS

SAT asks FTIL to move Sebi with deadline extension
plea.
Asian paint’s subsidiary Berger International, Singapore plans setting up manufacturing facility in Indonesia.
HDFC Bank sends fresh petition to government to up
FII investment limit.
Gujarat State Fertilizers & Chemicals Ammonia-IV
plant to shutdown for 12 days from August 24.

COMMODITY ROUNDUP

Silver prices fell by Rs 211 to Rs 42,130 per kg in futures
trade yesterday as speculators engaged in reducing positions largely in tune with a weakening trend overseas. At
MCX, silver for delivery in September traded lower by Rs
211, or 0.50%, to Rs 42,130 per kg in a business turnover of
331 lots. Similarly, the white metal for delivery in far-month
December declined by Rs 181, or 0.42%, to Rs 42,897 per kg
in a business volume of 35 lots. In the international market,
silver fell 0.41% to USD 19.37 an ounce in Singapore. A subdued trend in the global markets as minutes of the Federal
Reserve's last meeting signalled that policy makers may increase borrowing costs earlier than expected amid
strengthening dollar, reducing appeal of precious metals,
put pressure on silver futures here.

CURRENCY ROUNDUP

The Indian rupee rose on Friday, after earlier hitting a three-
week high against the dollar, on continued strong buying of
debt and shares by foreign investors, while gains in emerg-
ing market currencies also contributed to the improved sentiment. The rupee was also helped after Bloomberg quoted
an analyst at Standard & Poor's calling the Indian govern-
ment's target to lower the fiscal deficit a positive for the
country's ratings, helping the currency rise to a session's
high. The rupee put on 0.5% for the week, a third straight
week of gains, as foreign funds turned active buyers of Indian assets, especially debt, despite lingering concerns in
global markets including the prospect of earlier-than-expected U.S. rate hikes.

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