Global markets at a glance
Most markets were closed in Asia and Europe for Labor Day. Among few open bourses in Asia, Nikkei 225 index NIK, +0.06% ended slightly higher. A selloff in technology stocks, after disappointing numbers from Nokia, weighed on European shares on Thursday as a panEuropean benchmark index marked its 1st monthly fall this year.
Wall Street
US stocks, led by the Nasdaq, sold off on Thursday as Apple shares declined, and tech and biotech quarterly results disappointed. Upbeat economic reports added to uncertainty
about outlook for interest rates, a day after data showed the US economy had slowed to a crawl in the first quarter and the Fed pointed to weakness in labor market and other
areas of US economy.
MACRO NEWS
Results Today: Aditya Birla, Can Fin Homes, Filatex India, Ginni Filaments, Ind-Swift, Indiabulls Whol, Indosolar,Magnum Ventures, Mangalam Cement, Nitin Spinners,
Poly Medicure, SKS Microfin, Store One, V-Guard Ind, V Mart Retail, Vardhman Acryli
India’s annual infrastructure output growth contracted 0.1 in March, mainly dragged down by lower production of steel and cement. The output expanded 3.5% for the fiscal year 2014/15 ending March, vs 4.2% in the previous year. The infrastructure sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilizers, accounts for 37.9% of India’s industrial output.
Petrol price hiked by Rs 3.96/ ltr; diesel Rs 2.37/ ltr
The Lok Sabha will debate on Constitution Amendment Bill in respect of GST next week. Being a constitution CAB, the GST bill requires a 2/3 majority for its passage.
RBI has allocated Rs 10K cr to SIDBI for VC fund: Govt
CBI has chargesheeted Naveen Jindal and 14 others in regards to coal scam
HDFC Bank Bank hikes service fees by upto 50%
Constitutional Amendment Bill For GST Will Be Passed By Parliament Next Week
STOCKS IN NEWS
Shoppers Stop Q4 net up 27.03% at Rs 10.29 cr
Vodafone slashes national roaming rates by up to 75%
Crompton Greaves inks pact with Paraguay’s ANDE
Exide Q4 misses estimates, profit rises 4% to Rs 137.6 cr
Marico Q4 profit jumps 24% to Rs 110 cr, volume growth 3%
BPCL Raises $500 Million to Fund Capex
JLR Recalls 9,900 SUVs in China
GAIL (BS) Co to stop LNG imports at Dabhol
COMMODITY ROUNDUP
MCX Gold futures witnessed a volatile session as weakness in Indian Rupee made the counter drive higher in afternoon before a sustained selloff in global gold markets took its toll. COMEX Gold edged up in Asia but remained under stress after hitting its three week highs.
CURRENCY MARKET UPDATES
US Dollar to Indian Rupee Exchange Rate is at a current level of 62.48, up from 62.28 the previous market day and up from 60.29 one year ago. This is a change of 0.32% from
the previous market day and 3.63% from one year ago. The rupee ends weaker at 63.4200/4300 per dollar, versus Wednesday’s close of 63.2950/3050, due to month-end
dollar demand from importers and dollar buying from banks likely on behalf of foreign clients.
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