{LONGTERMINVESTORS} Fwd: Morning Market Starter - August 25, 2016

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From: <research@icicibank.com>
Date: Thu, Aug 25, 2016 at 10:39 AM
Subject: Morning Market Starter - August 25, 2016
To: stockdesai@gmail.com

Global market developments: Macroeconomic data: US: Existing homes sales in July contracted 3.2% MoM vs. the prior print of (+) 1.1% MoM. US markets ended in the red yesterday. Healthcare stocks were the major laggards. Markets will track further cues from Fed Chair Janet Yellen's speech tomorrow. Dow Jones and S&P 500 ended lower by 0.4% and 0.5% respectively. Asian equities are trading mixed this morning ahead of the Jackson Hole speech tomorrow. Shanghai Composite (-0.9%), Hang Seng (-0.1%) and Nikkei (-0.2%) are posting losses. Meanwhile, Australia's ASX and Kospi are trading flat. US Treasury markets are trading little changed today. The 10Y benchmark yield is presently trading at 1.55% vs. the previous close of 1.56%. Chart: US existing home sales in July contracted 3.2% MoM Domestic market developments: Indian Rupee is trading ranged against the Dollar at 67.10 levels vs. the previous close of 67.11 Indian equities are trading in the green this morning. Sensex and Nifty are trading up by 0.2% each. Indian Government bonds are trading higher today. The 10Y benchmark yield is currently hovering at 7.11% vs. the previous close of 7.14%. Regards, ICICI Bank Contact: Radhika Wadhwa (+91-22) 2653-1414 (extn: 7206) radhika.wadhwa@icicibank.com Sonal Surana (+91-22) 2653-1414 (extn: 7243) sonal.surana@icicibank.com ​

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CA. Rajesh Desai

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