Global markets at a glance
US markets hit a fresh record high in overnight trade on Tuesday. The S&P 500 climbed to an all-time high led by gains in McDonald’s and Caterpillar post quarterly results and gains for bank shares. The Nasdaq also managed to set
a record high despite declines in Google parent after its results, said a Reuters report. Data showing a jump in U.S. consumer confidence amid optimism over the labor market added to the bullish sentiment.The European markets ended Tuesday’s session in the green, putting an end to a three session losing streak.

MACRO NEW
Results Today: HDFC, Yes Bank, Federal Bank, Nestle, PVR, Bharat Financial, L&T Finance, Mphasis, Muthoot Capital
OFS by Government of India for 7.3 crore shares of National Fertilizers representing 15 percent of total paid up capital
Union withdraws strike at Berger Paints’ Goa Facility
Cipla launches Rectal Artesunate Suppositories for Severe Malaria in Young Children
Archid Ply board meeting on August 12 to consider Demerger of Chintamani unit to Archidply Décor
Gabriel India – Crisil Revises outlook on long term bank facility to positive from stable
Syndicate Bank – India Ratings revises outlook from stable to positive on additional tier 1 bonds
Punjab National Bank has raised Rs 1500 crore Additional Tier – I (Basel III Compliant) Capital Bonds at a coupon of 8.98 percent p.a. on private placement basis

STOCKS IN NEWS
Alfanar Group of Saudi Arabia collaborates with Suzlon for its Renewable Energy foray into India
GAIL creates corpus of Rs 50 crore for investing in start ups
Corporate Insolvency Resolution process has been initiated against Monnet Ispat and Energy
TD Power Systems receives order from European MNC worth Rs 750 cr, order to be executed over 10 years

COMMODITY ROUNDUP
COMEX Gold eased from four week highs amid steady equities and ideas that strong global economic growth would cap the allure of Gold as a safe haven asset. The metal surged yesterday on weak US dollar. The dollar has dropped
near a 13-month low against a basket of major currencies as US political woes dampened hopes for quick passage of Trump’s stimulus and tax reform agendas. COMEX Gold is quoting at $1258 per ounce, down 0.20% on the day.

TRADING STRATEGY:
BUY GOLD ABOVE 28550 TGT 28600 28700 SL BELOW 28500
SELL GOLD BELOW 28350 TGT 28300 28200 SL ABOVE 28400

CURRENCY MARKET UPDATES
The Indian rupee weakened slightly against the dollar in early trades on Tuesday, 25 July 2017 as fresh demand for the US currency from banks and importers weighed on the rupee sentiment. Domestic equity markets opening with strong gains, however, helped the rupee cap losses.The domestic currency opened at Rs 64.3950 against the dollar and climbed to a high of 64.35 so far during the day.In the spot currency, the Indian rupee was last seen trading at 64.38.

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