Epic Research Special Stock Market Report 30 June 2017

Global markets at a glance
Wall Street fell sharply on Thursday with the S&P 500 and Dow industrials on track for their worst daily drops in six weeks as investors continued a recent move out of technology shares. The technology sector , which has led the S&P
500’s 8-percent gain for the year, dropped 2.1 percent, and were the worst-performing major group. Declines in big tech stocks, including Apple and Microsoft ,weighed the most on the benchmark S&P.

MACRO NEW
MRP of products sold online mandatory from 2018
Thomas Cook India buys Kuoni’s destination manage-
ment network for Rs 125 cr
Capacity additions, foray into new products make Bodal Chem the midcap to watch
JSW keen to snap up stressed assets, to create $1-billion war chest
ICICI Bank concludes Jaypee-UltraTech deal for Rs 16,189 crore
HDFC Life to decide on IPO in July, work on merger with
Max Life later
Government hikes GST rate on services of construction of complex to 18 percent from 12 percent HDIL, DLF, Sunteck Realty,Oberoi Realty, Sobha, Prestige Estates in focus
Time Techno launches composite cylinders for automotive CNG
Fortis Healthcare – NCLT differs SRL demerger decision: ET

STOCKS IN NEWS
Arihant Superstructures board approves raising of funds upto Rs 300 crore via GDR/ADR/FCCB/QIP
NCLT to rule on Jyoti Structures insolvency case on Monday
Bhartiya International allots 7 lakh warrants to non promoter group at Rs 590 per share

COMMODITY ROUNDUP
COMEX Gold stayed mixed after recovering from its six week low as a spurt in US stocks capped gains for the metal. US stocks recovered strongly after recent losses. With the rebound, the tech-heavy Nasdaq climbed well off its lowest
closing level in a month. COMEX Gold is currently trading
around $1251 per ounce amid a buoyant undertone in Asian
equities.

TRADING STRATEGY:
BUY GOLD ABOVE 28630 TGT 28730 28930 SLBELOW 28530
SELL GOLD BELOW 28500 TGT 28400 28200 SL ABOVE 28600

CURRENCY MARKET UPDATES
The Indian rupee added gains in early trades on Thursday, 29 June 2017, supported by a positive opening in domestic equities. Fresh selling of the American currency by exporters and banks caused by its weakness overseas gave the rupee further strength. Domestic benchmark indices edged higher in early trade on positive global cues. At 9:20 IST, the barometer index,the S&P BSE Sensex was up 141.16 points or 0.46% at 30,975.48. The Nifty 50 index rose 50.25 points or 0.53% at 9,541.50.

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