1. India-GlobalMarketSummary 12-8-2014
• A rally during the latter part of the trading session took the Sensex to one-week high. Nifty hit its highest
level in almost a week. Market surged as macroeconomic worries eased on falling crude oil prices. The
market breadth indicating the overall health of the market once again turned positive from negative in late
trade. Bank stocks rose. Shares of housing finance major HDFC surged to record high. Nifty rose 1.33% to
7727.05 and Sensex rose 1.42% to25880.77. The lion's portion of the rally for key indices materialized
towards the latter part of the trading session after crude prices extended losses soon after Paris based
International Energy Agency (IEA) said a supply glut was shielding the oil market against threats in the
Middle East. IEA cut its oil demand growth forecast for 2014 and 2015. Earlier, key indices had hovered in
green throughout the trading session after a higher opening triggered by lower crude oil prices.
• In its monthly oil-market report released today, 12 August 2014, the IEA--which advises industrialized
nations on oil policies--cut its growth estimate for oil demand this year and the next. The Paris-based IEA
reduced estimates for global oil demand growth by 180,000 barrels a day in 2014 and by 90,000 barrels in
2015. The growth rate for global fuel consumption slowed to 700,000 barrels a day in the second quarter, the
lowest level since early 2012, the IEA said. Oil consumption will increase by 1 million barrels a day, or 1.1%
this year, to average 92.7 million a day, IEA said in its report. Global consumption will expand in 2015 by
1.3 million barrels a day, or 1.4%, to 94 million a day. Crude output from the OPEC's 12 members climbed
300,000 barrels a day in July to a five-month high of 30.44 million a day, as Saudi Arabia raised production
and supplies recovered in Libya, according to IEA.
• Finance Minister Jaitley said that in order to spur economic growth, the government has taken series of
measures in the last two months both inside and outside the budget process to boost the performance of
manufacturing and infrastructure sectors. While delivering the Key Note Address after inaugurating the two
day Annual Conference of Chief Commissioners and Directors General of Customs, Central Excise and
Service Tax, Jaitley said that the government is in favour of trade facilitation and efficient trade facilitation
leads to substantial reduction in transactional cost for the businesses. With respect to trade facilitation in
taxation, the Finance Minister said that a large number of irritants which had been created particularly in
India's tax administration, have been consciously addressed. The Finance Minister said that trade facilitation
will not only bring ease in doing business in the country but will also reduce the cost of doing business.
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2. • India's macroeconomic worries have eased on falling crude oil prices. India imports about 80% of its crude oil requirement. Brent
crude extended losses soon after Paris based International Energy Agency (IEA) said a supply glut was shielding the oil market
against threats in the Middle East. September Brent crude contract was off 75 cents at $103.93 a barrel. The contract fell 34 cents
to close at $104.68 on Monday, 11 August 2014.
• Reserve Bank of India (RBI) Governor Raghuram Rajan reportedly said on Monday, 11 August 2014, that India will be tested by
capital outflows when interest rates start picking up in industrial countries.
• India's macroeconomic worries have eased on falling crude oil prices. India imports about 80% of its crude oil requirement. Brent
crude extended losses soon after Paris based International Energy Agency (IEA) said a supply glut was shielding the oil market
against threats in the Middle East. September Brent crude contract was off 75 cents at $103.93 a barrel. The contract fell 34 cents
to close at $104.68 on Monday, 11 August 2014.
• Monsoon rainfall between 1 June 2014 and 10 August 2014 was 18% below average, an India Meteorological Department (IMD)
report dated 11 August 2014 showed. India's farming sector accounts for around 14% of the economy, but two-thirds of the
nation's 1.2 billion people depend on farming for a livelihood and more than half of its arable land needs the summer rains.
• Tata Power Company fell in volatile trade declaring Q1 result at the fag end of the day's trading session. Auto stocks edged higher.
Tata Motors jumped after declaring strong Q1 result. Shares of two-wheeler maker TVS Motor Company scaled record high.
BPCL gained after declaring strong result for Q1 June 2014.
• Mahindra & Mahindra (M&M) rose 0.12%. The management said that M&M's return on capital employed (ROCE) at 21.69%
signifies continued efficient management of capital. The company expects commodity price increase of 2% during the year.
Starting with Q2 September 2014, M&M will introduce 5 new products and variants over next 15 months
• BPCL gained 2.92% after reported 709.11% surge in net profit to Rs 1216.26 crore on 14.79% rise in total income to Rs 67813.46
crore in Q1 June 2014 over Q1 June 2013.
• Tata Motors' consolidated net profit jumped 212.74% to Rs 5398 crore on 38.2% rise in revenue to Rs 64683 crore in Q1 June
2014 over Q1 June 2013.
• Jet Airways (India) reported a net loss of Rs 217.65 crore in Q1 June 2014, compared with net loss of Rs 355.38 crore in Q1 June
2013. Total income rose 16.64% to Rs 4740.66 crore in Q1 June 2014 over Q1 June 2013
• National Buildings Construction Corporation announced that it has entered into a MoU with CIDBH to promote technical co-
operation for mutual benefits management and financing of infrastructure projects as well as to jointly execute and develop large
infrastructure projects in India and abroad.
• Havells India announced after market hours on Monday, 11 August 2014, that the company has fixed 27 August 2014 as the record
date for the purpose of 5 for 1 stock split.

3. Global news
• European stocks edged lower today, 12 August 2014, after Monday's gains. Asian stocks
edged higher today, 12 August 2014, amid optimism that geopolitical risks are receding.
Trading in US index futures indicated that the Dow could rise 27 points at the opening bell
on Tuesday, 12 August 2014. US stocks advanced on Monday, 11 August 2014, on
optimism that tension between Russia and Ukraine will ease and US airstrikes will push
back militants in Iraq
• German economic sentiment deteriorated sharply in August, hitting the lowest level since
December 2012, industry data showed today, 12 August 2014. In a report, the ZEW Centre
for Economic Research said that its index of German economic sentiment tumbled by 18.5
points to 8.6 this month from July's reading of 27.1.
• Singapore's gross domestic product rose an annualized 0.1% in the three months through
June from the previous quarter, when it climbed a revised 1.8%, the trade ministry said in a
statement today, 12 August 2014.
• China will announce industrial production and retail sales data for July and fixed-asset
investment for the first seven months of 2014 tomorrow, 13 August 2014.
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