Special Report by www.epicresearch.co- 26th February 2014

Global markets at a glance

Asian shares were trading sluggishly on Wednesday following a flat finish on Wall Street, while concerns over opaque policy moves in China kept investors on edge amid a

drought of major economic data. Chinese share markets eased further after sharp falls on Tuesday, but the losses were relatively limited with Shanghai off 0.3 percent. Tokyo, the Nikkei 225 .225 pared early losses to be off just 0.1 percent, following a 1.4 percent gain on Tuesday.

Wall Street Update

U.S. stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot (HD.N) and other retail shares. Seven

out of the 10 S&P 500 sector indexes ended lower, led by financials . The Dow Jones industrial average .DJI fell 27.48 points or 0.17 percent, to end at 16,179.66. The S&P

500 .SPX slipped 2.49 points or 0.13 percent, to finish at 1,845.12. The Nasdaq Composite .IXIC dropped 5.38 points or 0.13 percent, to close at 4,287.587.

MACRO NEWS

• An influential section of American businesses, in particular those from the pharma and manufacturing sectors, here on Monday urged the Obama Administration to designate India as a Priority Foreign Country.

• IOC likely to buy 10% in Petronas’ LNG project for $900mn.

• Mines Ministry examining 5 per cent export duty on iron ore pellets

• Civil aviation ministry officials to meet Dubai counterparts for finalizing the enhancement of traffic rights between the countries today, a senior aviation ministry official said.

• Wind turbine maker Suzlon Energy will seek shareholders’ approval for re-appointment of Tulsi Tanti as managing director of the company with an annual salary of Rs 3 crore. The company would also seek nod for pref-erential issue of shares certain entities and promoters.

• European mining shares ended lower in choppy trading on Tuesday as the sector absorbed a fresh knock from China, with weak corporate outlooks hurting companies such as Fresenius and Seadrill.

   

STOCKS IN NEWS

• Tata Power Renewable Energy acquires AES Saurashtra Windfarms Private Ltd.

• JSW Steel to hike price again.

• Tata Cummins opens its third manufacturing facility in Phaltan

• Zydus Cadila get USFDA nod for Clonidine Hcl injections.

• Bharti Retail ropes in Walmart’s Craig Wimsatt.

   

COMMODITY ROUNDUP

MCX Gold dropped today but the lows near Rs 30000 levels provided some support to the counter. COMEX Gold eased some profit taking emerged after the metal rallied near

four month highs yesterday after worries that Ukraine could plunge into a sovereign debt default and also on expectations that the weak data releases from US may reduce

the pace of QE windup. The metal quotes at $1333, down five dollars per ounce on the day. MCX Gold futures for April are trading at Rs 30106, down Rs 14 per 10 grams on

the day with 5.40% increase in the open interest.

CURRENCY ROUNDUP

The dollar index was at 80.169, after going as low as 80.016 on Tuesday with some traders pointing to mixed U.S. Data as a reason for its fall.

After going as low as 102.01 yen the previous day the dollar stood at 102.33 yen, well below a three-week high above 102.80 yen hit on Friday.

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:

Stock Advisory Firm

Intraday stock Futures Tips

Intraday Nifty 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
###