Epic Research Special Stock Market Report 28 July 2017

Global markets at a glance
A swoon in technology and transportation shares led the S&P 500 slightly lower on Thursday on a day full of corporate earnings reports, but the Dow industrials set a record closing high, helped by a jump in Verizon. The Dow Jones Transport Average , often looked at as a gauge of the economy’s health, closed down 3.1 percent, dragged lower after a worrisome outlook from package delivery company United Parcel Service.The Dow Jones Industrial Average rose 85.54 points, or 0.39 percent, to 21,796.55, the S&P 500 lost 2.41 points, or 0.10 percent, to 2,475.42 and the Nasdaq Composite dropped 40.56 points, or 0.63 percent, to 6,382.19.

MACRO NEW
Results Today: L&T, NDTV, NIIT, Subex
Lok Sabha passes Companies (Amendment) Bill 2016Dia- geo says, it won’t pay mallya rest of settlement
Shikha Sharma re-appointed as the Managing Director & CEO of Axis Bank for a period of 3 years
Claris completes injectables biz sale, to inform about transfer to shareholders by Oct
Flipkart-Snapdeal deal: Ratan Tata, 3 other minority shareholders give in-principal nod
Duke Offshore wins order to support specialized dredging operations with MNC JV Partner at Mumbai Harbour
IDBI Bank – Ind-Ra downgrades Upper Tier II bond and Perpetual Bond to BBB+/Negative
Nava Bharat Ventures’ 300 MW Power Plant of Maamba Collieries has achieved Provisional acceptance under the
EPC contract
Oriental Carbon – ICRA Revises rating to A+ on term loan facilities

STOCKS IN NEWS
Claris Life completes sales of its global generic injectables business to Baxter
TC Q1 meets street estimates, profit grows 7% to Rs 2,560 cr; cigarettes EBIT jumps
Maruti Suzuki Q1 profit misses estimates hit by dealers’ compensation; revenue up 16
HCL Technologies says deal pipeline strong, maintains full year revenue forecast

COMMODITY ROUNDUP
MCX Gold futures are likely to jump in early moves as COMEX Gold futures have soared after the last night’s statement from US Fed. The Federal Reserve still plans to raise interest rates again this year and will begin to unwind its
bloated balance sheet “relatively soon”, it was announced Wednesday. The Federal Open Market Committee voted to maintain its key interest rate at a 1.00 to 1.25% range, having raised the fed funds rate twice already this year.

TRADING STRATEGY:
BUY GOLD ABOVE 28600 TGT 28650 28750 SL BELOW 28500
SELL GOLD BELOW 28400 TGT 28350 28250 SL ABOVE 28500

CURRENCY MARKET UPDATES
the Indian rupee strengthened against the dollar in early trades on Thursday, 27 July 2017 as the dollar weakened globally after the US Federal Reserve kept policy rates unchanged. Increased selling of the American currency by
exporters and banks amid a higher opening in the domestic equity market supported the domestic currency.The domestic currency opened at Rs 64.19 against the dollar and climbed to a high of 64.0650 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: