Special Report by Epic Research of 05 June 2017

Global markets at a glance
The Australian stock market is declining on Monday despite the positive cues from Wall Street on Friday as investors turned cautious following the release of weaker-than-expected U.S. jobs data and on lower crude oil prices. In
late-morning trades, the benchmark S&P/ASX 200 Index is declining 44.40 points or 0.77 percent to 5,743.70, off a low of 5,742.10. The broader All Ordinaries Index is down 38.80 points or 0.67 percent to 5,782.30.
Asian stocks edged up on Friday and the dollar bounced from recent lows as upbeat data on U.S. manufacturing and employment and buoyant European factory growth boosted investor optimism.

MACRO NEW
NTPC’s 17 MW out of 250 MW of Mandsaur Solar Power Project has been commissioned
Canfin Homes BM on June 23rd to consider sub divisionof equity shares
GVK Power approves sale of corresponding 10% of the issued & paid up share capital in Bangalore
International Airport Limited Advance Enzymes enters into definitive agreement to acquire Palm techno Ventures Enzyme
Vedanta in focus: Ind-Ra revises rating to IND AA/ Stable
VST Tillers: Tractors May sales 800 units and power tillers 1857 units
Linde and Praxair sign business combination agreement for Merger
SAIL open to acquire good assets , says Chairman PK Singh

STOCKS IN NEWS
RPP infra Projects: Promoters sold stake and would like to bring the money back in the form of debt
Selan Exploration defers decision for Buyback of shares
IHH sole contender for Fortis Healthcare as other suitors drop out
TCI successfully incorporated a wholly owned subsidiary by the name, “TCI Nepal Private Limited” on 2nd June, 2017 in Nepal

COMMODITY ROUNDUP
Gold futures slipped in Asia amid a continued buoyancy in equities. Speculative buying in gold seems to have taken a backseat this week after recent surge as traders contemplate over the future price course in the metal.
Rising equities have the potential to cap the gains in Gold prices at least in short term.

GOLD TRADING STRATEGY:
BUY GOLD ABOVE 29140 TGT 29240 29440 SL BELOW 28940
SELL GOLD BELOW 29030 TGT 28930 28730 SL ABOBE 29130

CURRENCY MARKET UPDATES
The Indian rupee strengthened for the third straight day against the dollar on Friday, 02 June 2017 on sustained selling of the American currency by banks and exporters. Weakness in dollar against other currencies overseas and a
higher opening of the domestic equity market backed up the rupee.

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