Global markets at a glance

European shares rose on Thursday, with a benchmark hitting a 6-1/2 year high, as the ECB further cut interest rates
and unveiled plans to buy assets in a bid to shore up inflation in the euro zone. The ECB unexpectedly cut interest
rates to record lows and the bank's president Mario Draghi
said it would start buying securitized loans and covered
bonds next month to help unblock lending in the euro
zone. FTSE 100 index closed roughly flat, however. It was
weighed down by BP, down 5.9 %, after a U.S. district judge
said on Thursday the oil major was "grossly negligent" for
its role in the 2010 spill in the Gulf of Mexico.

Wall Street

US stocks ended down on Thursday, retreating from intraday records for the S&P and Dow, as a decline in energy
shares sapped an earlier rally following the European Central Bank's new stimulus measures. The Dow Jones industrial average fell 8.7 pts, or 0.05 %, to 17,069.58. The S&P
500 was down 3.07 pts, or 0.15 %, to end at 1,997.65. The
Nasdaq Composite lost 10.28 pts, or 0.22 %, to 4,562.29.

MACRO NEWS

Indian economy expanded 5.7 % in the first quarter of
FY15, the highest in nine quarters, against a growth of 4.6
% in Q4 of 2013-14. The economy grew 4.7 % in the yearago period.
The government is set to finalize the policy for implementing its ambitious plan to convert 100 existing cities
into smart cities, where it will allow large-scale participa-
tion of private sector .
Shriram Group interested in securing small bank license.
Government may consider auctioning 8 coal blocks.
Infosys wins 5-yr IT services deal from BP.
US private sector hiring slows; trade deficit at 6-month
low.

STOCKS IN NEWS

Coal India rushes to supply power plants with critically
low stocks.
RINL registers best ever production of iron, liquid
steel.
Adani Mining welcomes repeal of contested mining
tax in Australia.
Jaypee Infra Ventures sold 1,34,89,693 shares of Jaiprakash Associates at Rs 46.33.
Haryana government cancelled the 350-acre land allotment made to DLF in 2010.

COMMODITY ROUNDUP

The price of gold on Wednesday fell to nearly a seven-week
low in Zaveri Bazaar here, following a steep decline in global
prices ahead of the release of key economic data, scheduled for Thursday. Standard gold reported a decline of
around 0.54 per cent to Rs 27750 per 10 grams, the lowest
since June 13. After hitting a 10-week low in overnight
trade on Tuesday, gold for near-term delivery saw a mild
recovery in the Comex division of the NYME early on
Wednesday. After a steep slide of $22.25 in late trading on
Tuesday, Gold opened at $1,266.25 an oz. However, given a
bearish sentiment for gold, as well as silver, the prices could
move in a narrow range, likely come down, going forward.

CURRENCY ROUNDUP

The Indian rupee gained for a second straight session on
Thursday as gains in other Asian currencies aided but a further rise was limited on the back of profit-taking seen in the
domestic share market. Any further monetary stimulus easing by the ECB could be a positive for Indian equities as it
could bring in more foreign fund inflows. The ECB faces in-
tense market pressure to take policy action.

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