Epic Research Special Stock Market Report 10 July 2017

Global markets at a glance
Wall Street stocks closed on a high note Friday, with the S&P 500 index posting its best gain in six sessions on the heels of a US payrolls report that gave investors more confidence in the strength of the US economy. The economy added 222,000 jobs last month, Labor Department data showed, exceeding expectations of a 179,000 gain, putting the Federal Reserve on track to raise interest rates once more this year. The majority of the European markets ended Friday’s session with small losses. The markets were stuck in a sideways patter for the majority of the day and finished the session little changed overall.

MACRO NEW
IDFC, Shriram Capital to announce merger to create USD 10 billion company
Fortis Healthcare receives approval to enhance FII limit on total holdings to 75 percent
Tata Motor Jagaur Land Rover sales up 3.5 percent in April-June quarter (YoY)
Monnet Ispat IDFC Bank has invoked the pledge of shares of Monnet Power Company held by the company
Cadila Healthcare Zydus receives final approval from the USFDA for Doxazosin table
Sun Pharma’s enters into settlement with Apotex Corporation regarding Modafinil antitrust litigation
REC (financial creditor) files application under Section 7 of insolvency and bankruptcy code against Ferro Alloys
NTPC says Tata Power, Essar plants in Gujarat fit for takeover
After CRISIL, now Fitch looking to buy stake into CARE ratings

STOCKS IN NEWS
FAG Bearings to change Name of company to Schaeffler India
Asian Granito Company launches new range of tiles
Surya Roshni launches super-efficient BLDC Fan SS-32
Jyoti Resins board approves stock split of 10 shares for every 1 share held
Navin Fluorine passes resolution for subdivision of equity shares in the ratio of 5 shares for every 1 share held

COMMODITY ROUNDUP
Gold futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal as safe-haven demand faded on firm dollar and rising Treasury yields. Besides investors remained cautious ahead of the monthly US
non-farm payrolls data due later in the day. At the MCX gold futures for August 2017 contract is trading at Rs 28006 per 10 grams down by 0.39 per cent after opening at Rs 28050 against a previous close of Rs 28116.

Trading Recommendations
BUY GOLD AUG ABOVE 28120 TGT 28220/28420 SL BELOW 28000
SELL GOLD AUG BELOW 27700 TGT 27600/27400 SL ABOVE 28916

CURRENCY MARKET UPDATES
The Indian rupee edged higher in early trades on Friday, 07 July 2017 on fresh selling of the American unit by exporters and banks. Dollar turned weak overseas after a key US employment report showed that job growth has slowed,which supported the rupee.The domestic currency opened at Rs 64.75 against the dollar and climbed to a high of 64.7075 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