Epic Research Special Stock Market Report 07 July 2017

Global markets at a glance
US stocks were sharply lower on Thursday after disappointing labour market data clashed with the possibility of a more hawkish Federal Reserve, while rising tensions in the Korean peninsula providing additional pressure. Private
employers added 158,000 jobs in June, the ADP National Employment Report showed, coming in below the estimated gain of 185,000 and suggesting cooling in the U.S.labour market as it nears full employment.
European markets moved lower during Thursday’s trade as Federal Reserve released minutes on Wednesday which hinted that the central bank was split on how inflation might affect the pace of interest rate hike.

MACRO NEW
Railways to offer options on senior citizen fare concession
IDFC, Shriram Group to announce merger on July 8 to create over $10 bn company
Tata Motors reduces commercial vehicle prices by up to 8.2 percent
Dr Reddy’s says pricing pressure in US to be less severe in FY18
Unichem Labs gets US FDA nod for Quetiapine Fumarate tablets
Glenmark gets US FDA nod for Olmesartan Medoxomil tablets
Eros International says SREI Equipment Finance acquires 7.4 percent stake in company via pledged shares
on July 3
Bharat Forge in focus – Kalyani Group and Israel Aerospace Industries (IAI) expands JV to build new maintenance centre in India for selected advanced air defense system

STOCKS IN NEWS
Balaji Amines has received approval from Government of India for expansion project which includes Acetonitrile (ACN), Morpholine (MOR) & Di Methyl
Amine Hydrochloride (DMAHCL) products
Virinchi board approves allotment of 1,33,500 shares on exercise of options granted
IDFC neither confirms nor denies story of merger
Emkay board approves raising of funds via various means upto Rs 150 croreHPCL raises USD 500 million through fixed rate notes

COMMODITY ROUNDUP & TRADING TIPS
Guargum futures edged up today as a rebound from contract lows under Rs 7000 per tonne extended. Decent demand is emerging in both Guargum and Guarseed as exports prospects are looking up following the recent price
correction. Spot Guargum prices fell to a four month low of Rs 6660 per tone earlier this week before witnessing steady buying

Trading Recommendations
BUY CORIANDER AUG ABOVE 5020 TARGET 5035 5095 5165 SL BELOW 4990
SELL CORIANDER AUG BELOW 4900 TARGET 4885 4825 4755 SL ABOVE 4930

CURRENCY MARKET UPDATES
The Indian rupee edged higher after commencing almost flat against the dollar in early trades on Thursday, 06 July 2017. Consistent selling of the US currency by exporters and banks picked up amid a higher opening in domestic
equities that gave impetus to the local unit. Besides, dollar’s weakness against some currencies overseas also gave the unit some lift.
The domestic currency opened at Rs 64.78 against the dollar and climbed to a high of 64.7275 so far during the day.

Epic Research Limited is a supreme level financial advisory services provider firm .We have designed services for different investors as per their needs like stock tips, stock futures tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.
Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading.
http://www.epicresearch.co/
or
mail us @ info@epicresearch.co

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001

%d bloggers like this: