Global markets at a glance

European shares rose on Friday, led by banks on expectations they will be the big winners in the ECB's drive to stave
off deflation. The FTSEurofirst 300 index of top European
shares ended 0.3 percent higher at 1,377.00 points. Euro
zone banking stocks featured among the top gainers,
boosted by expectations they will be the big winners in the
European Central Bank's drive to stave off deflation.
Asian markets finished mixed as of the most recent closing
prices. China's Shanghai Composite fell 4.81 points or 0.20
percent to 2,340.30 and Hong Kong's Hang Seng declined
148.02 points or 0.62 percent to 23,620.11, at 8:00 hours
IST. Japan's Nikkei 225 Average lost 153.87 points or 0.94
percent to 16,220.27 and Singapore's Straits Times slipped
11.89 points or 0.36 percent to 3,279.10. South Korea's
Seoul Composite went down 5.22 points or 0.26 percent to
2,028.89 and Taiwan Weighted was down 30.89 points or
0.34 percent to 8,980.70.

Wall Street

U.S. stocks ended higher on Friday, with the S&P 500 rallying back above a key technical level, but the advance was
not enough to offset recent declines and major indexes
closed out their worst week of the past eight. The day's
gains were broad. While all ten primary S&P 500 sectors
ended higher on the day, energy .SPNY was the top advancer, up 1.3 percent alongside a 1 percent rise in the
price of crude oil CLc1. The Dow Jones industrial average .DJI rose 167.35 points, or 0.99 percent, to 17,113.15,
the S&P 500 .SPX gained 16.86 points, or 0.86 percent, to
1,982.85, and the Nasdaq Composite .IXIC added 45.45
points, or 1.02 percent, to 4,512.19.

MACRO NEWS

SBI has more than Rs 4000-crore exposure to companies
that will be impacted by the recent SC judgement quashing 214 coal blocks.
JSW Energy and JPVL announced they had signed a MoU
for three operating plants - the 300-Mw Baspa stage-II
plant, the 1,091-Mw Karcham Wangtoo plant and the 500
-Mw Bina thermal power plant.
India will cut borrowing for the second half of the fiscal
year ending in March and expects to remain on track to
meet its target for the fiscal deficit.
The government will borrow 2.4 trillion rupees in October
-March, less than the 2.48 trillion rupees called for in the
government budget announced in July. Continuing a
downward trend for the third consecutive week, India's
foreign exchange reserves fell by USD 101.3 million.

STOCKS IN NEWS

Hindalo clarified that there will be no major impact on
earnings due to the SC verdict on coal scam.
S&P revised outlook on six Indian companies to stable
from negative, which are Reliance Industries, NHPC,
NTPC, Power Grid, TCS and ONGC.
IDBI Bk approves raising rupee borrowing limit to Rs
15k-cr It also approved infusion of additional capital of
over Rs 58cr in its subsidiary.
Asian Development Bk sells 3.9cr shares of Petronet
LNG.

COMMODITY ROUNDUP

Gold regained its glitter to trade Rs 590 higher at Rs 27,550
per 10 grams in the national capital on Friday on the back
of increased demand from jewellers and retailers, driven
by ongoing festive and wedding season. Silver also recorded a significant rise of Rs 550 to Rs 39,900 per kg on
increased offtake by industrial units and coin makers.
Gold October 14 contract was up by 1.04% to Rs 26935.00
and Gold December 14 contract was up by 0.78% to Rs
27072.00 per 10 grams. Gold M October 14 contract was
up by 0.98% to Rs 26919.00 per 10 grams while Gold
guinea September 14 contract was down 0.16% to
Rs21575.00 per 8 grams. Gold Petal September 14 contract
was up by 0.22% to Rs 2709.00 per gram and Gold Petal
Del September 14 contract was down by 6.14% to Rs
2692.00 per gram.


CURRENCY ROUNDUP

Snapping four days of losing streak, the rupee on Friday recovered by 19paise to close at 61.15 against dollar in tune
with local equities. Late selling of US currency by exporters
and some banks helped the domestic unit to rise. At Interbank Forex market, the domestic currency resumed lower
at 61.46 a dollar from last close of 61.34 and declined further to a low of 61.62 level not seen since August 8, 2014
when it touched an intra-day low of 61.74. Later, fag-end
dollar selling by exporters and some banks and recovery in
domestic equities pulled it back to a high of 61.00 before
concluding at 61.15, revealing a rise of 19paise or 0.31%. In
last four sessions, it had plunged by 53paise, or 0.87%.

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