Special Report by www.epicresearch.co- 13th February 2014

Global markets at a glance

Asian economies have underperformed the developed economies in the current corporate earnings season.Japan’s Nikkei average edged down on Thursday after hitting a 1-1/2 week high the previous day as investors awaited more U.S. economic data, while brewers like Sapporo Holdings fell on lacklustre profit forecasts. The Nikkei was down 0.4 percent at 14,737.57 in midmorning trade, following a three-day winning streak. On Wednesday it had risen to 14,800.06, its highest close since Jan. 31.

Wall Street Update

The S&P 500 closed flat on Wednesday, with a four-day rally in the index just barely coming to an end after Procter & Gamble cut its outlook, though some positive earn-

ings limited the decline and eased concerns that valuations had become stretched. The Nasdaq rose for a fifth straight session, boosted by strong results at TripAdvisor, while the Dow felt the pressure from P&G and ended the day slightly lower.

MACRO NEWS

• In the Interim Rail budget the minister announced 17 new premium trains and 38 express trains, but did not announce anything on freight rate or passenger fare, extending rail connectivity to the North East states has been the focus area, adding that Meghalaya and Arunachal Pradesh are set to come on the railway map. Rail- ways targets record Rs 1.6 lakh cr revenue in FY15 .

• HT Media reported a consolidated net profit of Rs 67.02cr for Q3. It had posted a consolidated net profit of Rs 53.61cr. in same period last fiscal.

• The index of industrial production for December 2013 came in at a negative 0.6 percent, better than the -1.3 percent (revised) figure recorded in November while consumer price inflation stood for January at 8.79 percent, a two-year low, versus 9.87 percent in the previous month. poll of economists was expecting IIP to come in -0.8 percent and inflation to clock 9.1 percent.

• CCEA allows Rs 3333 per tonne subsidy for raw sugar exports.

• The Reserve Bank of India said on Wednesday it accepted all 63 bids for 406.67 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system.

STOCKS IN NEWS

• Thomas Cook is looking to acquire Sterling Holidays at 36 percent premium

• Sembcorp will acquire 45 percent in NCC Power for Rs 848 crore:

• Divis Labs’ Q3 net profit jumped to Rs 219 crore versus Rs 144.2 crore

• Tata Chemicals reported Q3 consolidated net loss at Rs 15.9 crore versus profit of Rs 224 crore

   

COMMODITY ROUNDUP

GOLD MCX Short term trend is UP, Immediate support @ 28980 Immediate Resistance @ 29200 GOLD MCX Closed @ 29104 . Yesterday Intraday Range of GOLD MCX was 128

Volumes were 11210 lots. For today Keep a close eye on US data, volatility may Rule the over all Market due to USDINR Movements.

SILVER MCX Short term trend is UP ,Immediate support @ 44700Immediate Resistance @ 45050 SILVER MCX Closed @ 47700.00 Yesterday Intraday Range of SILVER MCX was

376. Volumes were 12744 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

CURRENCY ROUNDUP

The Australian dollar fell 1.1 percent to $0.8928, pulling back from a one-month peak of $0.9068 reached on Wednesday.

ndian rupee extended its gain on Wednesday. It opened higher by 15 paise at 62.07 per dollar as against Tuesday’s closing value of 62.22 to dollar.

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