Global markets at a glance

Asian shares slumped in early trading on Friday, after flaring Ukraine tensions ruined investors' appetite for risk and
bolstered the safe-haven yen. Asian stock markets rose on
Monday as a positive handover from Wall Street offset disappointing Chinese factory activity data. Shanghai Composite jumped 0.25% or 5.60pts at 2,222.80. Hang Seng added
0.47% or 116.34pts at 24,858.40. Nikkei rose 0.28% or
43.19 pts at 15,467.78. Taiwan Weighted surged 1.37% or
126.72pts at 9,380.10. Singapore's STI was flat at 3,325.93.
South Korea's Seoul Composite was flat at 2,068.11

Wall Street Update

US stocks closed out a strong month on a quiet note on
Friday, with the S&P 500 posting a modest gain to close at
a new record as the latest positive data helped extend a
rally that had been briefly threatened by overseas concerns. The DJI rose 18.88 points, or 0.11 percent, to
17,098.45, the S&P 500 .SPX gained 6.63 pts, or 0.33%, to
2,003.37 and the Nasdaq added 22.58 points, or 0.5%, to
4,580.27.

MACRO NEWS

Indian economy expanded 5.7 percent in the first quarter
of FY15, the highest in nine quarters, against a growth of
4.6 percent in Q4 of 2013-14. The economy grew 4.7 percent in the year-ago period. The economy grew at its
highest pace since the fourth quarter of FY12.
The government notified the liberalized FDI norms for the
railway infrastructure in sectors such as dedicated freight
corridors and high-speed train projects, allowing 100 percent FDI through automatic route in the sector.
GVK, Oasis ink Rs 580-crore pact for Mumbai airport land
development.


STOCKS IN NEWS

Adani buys Australia coal mine royalty rights from Linc
A subsidiary of GVK Power and Infrastructure, has got
permission from the environment ministry to import
coal from South Africa.
Polaris Industries launches new bike Indian Scout

Piramal Life Sciences shuts Mumbai R&D unit.
Reliance plans $13 billion projects including refinery.
JSW Steel has intensified the procurement of lowgrade iron ore to feed its starved steel plant at Dolvi in
Maharashtra.

COMMODITY ROUNDUP

Silver prices went up by Rs 207 to Rs 42,140 per kg in futures trade today after participants built-up speculative positions, largely driven by a firming trend overseas. At MCX,
silver for delivery in September shot up by Rs 207, or 0.49%, to Rs 42,140 per kg in a business turnover of 410 lots. Similarly, the white metal for delivery in December rose by Rs
191, or 0.45%, to Rs 42,853 per kg in 88 lots. Attributed the
rise in silver prices at futures trade to a firming trend in the
global markets as tension in Ukraine escalated, boosting
demand for a safe haven. Meanwhile, silver advanced
0.30% to $19.52 an ounce in Singapore.

CURRENCY ROUNDUP

The Indian rupee marginally weakened on Thursday ahead
of key indicators including economic growth data due on
Friday, retreating against the dollar for a third consecutive
month due to a flare-up of global geopolitical risk events.
Although foreign investors have remained buyers of Indian
shares and bonds through the year, some concerns are
emerging about whether the trend can continue, especially
since they have now almost reached their purchasing limit
in debt markets. The rupee has gained nearly 14% since
then on the back of a sharply narrower CAD, the central
bank's renewed fight against inflation, and the election of
PM with a vow to revive economic growth.

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