Global markets at a glance

Asian stocks fell, with the regional benchmark index on course for its first loss in three days as it paced the biggest drop in U.S. stocks since November amid concern over
valuations. Australia’s S&P/ASX 200 Index fell 1 percent, while New Zealand’s NZX 50 Index slid 0.7 percent. South Korea’s Kospi index lost 0.1 percent. Singapore’s Straits
Times Index dropped 0.4 percent and Taiwan’s Taiex index declined 0.3 percent. Futures on the Standard & Poor’s 500 Index added less than 0.1 percent today. The S&P 500
has dropped 1.6 percent in 2014, the worst start to a year since 2009.

Wall Street Update

U.S. stocks tumbled on Monday on caution ahead of corporate results, as mounting negative preannouncements
left a lackluster profit growth outlook. Wall Street has seen
a slow start to the year following a gangbusters 2013. After the S&P 500's jump of almost 30 percent last year, its
forward price-to-earnings ratio is the highest in nearly
seven years and investors are weighing the risk of paying
such a high premium for earnings that may see grow stall.

MACRO NEWS

fiscal pump-priming" ahead of general elections, so as
to achieve the fiscal deficit target of 4.8 percent of the
GDP in 2013-14, are supportive for the country's credit
rating, Fitch Ratings
inflation in the food and beverages segment was 12.16
percent as against 14.72 per cent recorded in November. The retail inflation was in double digits in October
and November
India's stubbornly high inflation finally appears to be
slowing down following a cooling in vegetable prices,
bringing some relief to the ruling Congress party which
is struggling to win back voters ahead of a national election due by May
December retail inflation slows to three-month low
Tata Steel ’s Borivali land deal will fetch the company
Rs 950-1,000 crore. three Mumbai-based developers -
Lodha Developers, Runwal Group and K Raheja Corp
have submitted expression of interest.

STOCKS IN NEWS

Reliance New gas pricing policy will be effective
April 1 at USD 8/mmbtu
Tata motors Jaguar Land Rover sales in 2013 rose
19% to 4.25 lakh units (YoY)
Ranbaxy received a form 483 with certain observations from USFDA, on its Toansa bulk drug plant in
Punjab
JPMorgan is overweight on Infosys and raised target
price to Rs 4,000 from Rs 3,800 post Q3 earrings

COMMODITY ROUNDUP

Gold futures carried Friday's gains into Monday, buoyed by
data revealing that the U.S. economy added way fewer payrolls in December than expected, which fueled expectations
for the Federal Reserve to scale down its bond-buying program at a very gradual pace. On the Comex division of the
New York Mercantile Exchange, gold futures for February
delivery traded at USD1,252.80 a troy ounce during U.S.
trading, up 0.47%, up from a session low of USD1,243.20
and off a high of 1,254.20.

CURRENCY ROUNDUP

The dollar fell to one-month lows against the yen on Monday and was trading close to one week lows against the
euro after Friday's U.S. nonfarm payrolls showed that the
economy added far fewer than expected jobs last month.
USD/JPY hit lows of 103.26, the weakest level since December 18 and was last down 0.74% to 103.39. The latest employment report showed that the U.S. economy added
74,000 jobs in December, the smallest increase since January 2011 and well below expectations for 196,000 new jobs.
The unemployment rate fell to a five year low of 6.7% from
7% in November, but this was due in part to people dropping out of the labor force.

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips Equity Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market.

Our research is based around these services:

Intraday stock Futures Tips

GET FREE TRIAL +91 731 6642300

Or mail us here: [email protected] Or visit our site that is http://www.epicresearch.co/
or
https://www.epicresearch.co/research/special-reports
###