Global markets at a glance

European stocks sank in huge volumes on Friday for the
third straight session, with a broad index hitting a 3-1/2
month low, hurt by concerns over losses at Banco Espirito
Santo as well as tension between Russia and the West.
The FTSEurofirst 300 index of top European shares ended
1.2 percent lower on Friday, at 1,332.68 points, a level not
seen since mid-April.

Japan's Nikkei average fell on Monday 0.4 percent while
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS> was off 0.05 percent.

Wall Street Update

U.S. stocks ended lower for a second day and the S&P 500
posted its biggest weekly decline since 2012 on Friday as
concerns over Argentina's default continued to dog senti-
ment. The Dow Jones industrial average .DJI fell 69.93
points, or 0.42 percent, to 16,493.37, the S&P 500 .SPX
lost 5.52 points, or 0.29 percent, to 1,925.15, and the
Nasdaq Composite .IXIC dropped 17.13 points, or 0.39
percent, to 4,352.64.

MACRO NEWS

Passenger car sales rose for the third month in July, yet
another indicator economy may finally be in turnaround
mode after having slumped to less than 5% growth in the
past two years. Carmakers announced sales numbers for
last month as India's manufacturing activity jumped to a
17-month high on a surge in new orders.
The HSBC Manufacturing Purchasing Managers' Index
rose to 53 in July from 51.5 in June. Other bright spots
include the core sector expanding at 7.3% in June and exports advancing 10.2% in the same month.
The Government hopes to save Rs 3,500 crore in oil subsidies by persuading 1 crore affluent customers to voluntarily pay market rates for cooking gas in response to text
messages to customers inviting them to opt out of the
subsidy for the sake of 'nation building'.

STOCKS IN NEWS

Results Today: Power Grid, Oriental Bank, Marico,
Petronet, IGL, Tata Communications, Punj Lloyd , Atul
Auto, TBZ, SRF, Muthoot Capital , MM Forging , Kalpataru , Deep Industries , Aptech , India Glycols.
DLF to design small-sized houses to rev up revenues.
RIL may be denied new gas price till it makes up supply shortfall.
Mahindra & Mahindra sales down 4.12% in July.
TVS Motor July sales up 32.15% to 2,03,092 units.

COMMODITY ROUNDUP

After being quoted at a premium to its landed cost for several months, the price of gold was trading at a discount to a
minor premium in recent weeks. Imports increased in June
but dwindled later as demand started drying in July, also a
lean season month. Premiums for physical delivery in the
spot market have been quoted around only $5 an ounce.
The market buzz is that the Reserve Bank of India is replacing its old stock of gold in its Nagpur vault with new, refined gold. The old stock could be coming to the Indian
market and that supply hangover is keeping premiums under check.

CURRENCY ROUNDUP

The Indian rupee posted its biggest weekly fall since record
low levels in August last year as the rally in the dollar in
global markets spurred banks to buy the U.S. currency for
corporate clients, prompting mild intervention by the central bank. The falls were especially pronounced on Friday,
when the partially convertible rupee almost breached the
60.19 level, last seen on April 23, tracking broader falls in
Asian currencies. It ended down with its biggest daily decline since Jan. 24. The rupee ended at 61.18/19 per dollar
against Thursday close of 60.55/56. The local currency fell
1.02 percent on the day, its biggest fall since Jan. 24, during
a period when emerging markets were gripped by risk aversion over China's economy.

Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers who offer updates on the sectors like – Share Advisory Firm, derivative trading, commodity trading, FOREX trading tips etc.

Our research Team give recommendations on the following -

- equity (cash)
- derivatives
- commodity and
- currency

Keep track our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/

Or mail us here: [email protected]
or

https://www.epicresearch.co/research/special-reports
###