Global markets at a glance

European shares edged higher to close near a recent one-
month peak on Monday, with merger and acquisition
speculation about British broadcaster ITV helping media
stocks and Novartis leading drugmakers. The FTSEurofirst
300 index ended 0.2 percent higher at 1,376.83 points, just
below last week's one-month high. The Euro STOXX 50,
which will add Nokia from Sept. 22, replacing CRH after an
index reshuffle, was up 0.1 percent. CRH fell 0.7 percent
and Nokia dropped 1.4 percent.

Index stats

The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
149.93pts], Capital Goods [up 409.71pts], PSU [up
164.42pts], FMCG [down 49.43pts], Auto [up 228.39pts],
Healthcare [up 23.39pts], IT [up 37.84Pts], Metals [up
341.97ts], TECK [up 40.61pts], Oil& Gas [up 179.86pts],
Power [up 53.02pts], Realty [up 46.95pts].

MACRO NEWS

Japan to invest $33.5 bn in Indian infra projects.
Govt said the under-recovery on high speed diesel applicable for first fortnight of Sep. effective from yesterday
will go down to Rs 0.08 per litre. This was Rs 1.78 per liter
during 2nd fortnight of Aug 2014. Gradual increase in diesel price and stable oil prices in international market
pushed the diesel under-recovery near zero.
India's annual infrastructure output growth slowed to a
three-month low of 2.7% in July, govt data showed on
Monday, dragged down by a contraction in production of
natural gas, steel, fertilisers and refinery products. The
output expanded an annual 7.3% in June.

STOCKS IN NEWS

JSW Steel has intensified the procurement of low-
grade iron ore to feed its starved steel plant at Dolvi in
Maharashtra.
Cipla launches inhaler Seroflo in Germany, Sweden
46 mines in question include allocations to JSPL, Hindalco
6 blocks ready for production include blocks of
GVKPower, JPAssociates, PrismCement, NTPC , MP
State Mining Corp & DVC.

COMMODITY ROUNDUP

The white metal for delivery in December declined by Rs
110, or 0.26%, to Rs 42,835 per kg in 158 lots. Speculators
trimmed positions in tandem with a weak global trend, in-
fluencing silver prices at futures trade here. Besides, profit-booking at prevailing levels too weighed on silver prices,
they said. Silver traded lower at $19.49 an ounce in Singapore today from $19.46 on August 29.
Gold prices have been range-bound in recent weeks but
traders have turned optimistic, as the festive season has
begun. This is already getting reflected in imports.

CURRENCY ROUNDUP

The partially convertible rupee closed slightly weaker at
60.5250/5350 versus Thursday's close of 60.4950/5050.
Financial markets were closed on Friday for a local holiday. the better-than-expected growth data released on
Friday aided sentiment for the rupee, limiting further
losses. In the offshore non-deliverable forwards, the one-
month contract was at 60.90 while the three-month was
at 61.48.

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