Epic Research Special Stock Market Report 09 August 2017

Global markets at a glance
US stocks closed lower on Tuesday after a late afternoon selling spree as investors fled for safety after US President Donald Trump vowed to respond aggressively to any threats from North Korea. After scaling back from record highs earlier in the session, Wall Street’s three major indexes dipped after Trump said North Korea “will be met with fire and fury” like the world has never seen if it threatens the United States.Asian shares and US stock futures slipped while US Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang’s warning that it is “carefully examining” plans for a missile strike on the US Pacific territory of Guam.

Results today: Tata Motors, Eicher Motors, NALCO,NMDC
SEBI identifies stocks of 331 companies to be traded in special category
Axis Bank cuts interest rate to 3.5% on savings bank account
Jindal Steel to refinance more debt by Sept, eyes profit in second half of FY18
Aurobindo, Intas In Race To Buy Mallinckrodt’s US Generics Business
SRF board Approves setting-up of a facility to produce specialty chemicals (P 33) for agro industry at Chemical Complex in Dahej, Gujarat at an estimated cost of Rs. 85 Crores
Sintex Industries allotment of 87,82,069 Equity Shares to Foreign Currency Convertible Bonds holder upon exercise of their conversion Right
Sun Oil and Natural Gas to acquire 66.67% stake in

Crompton offers Videocon Rs1440cr for Kenstar
Lenders of Tata Teleservices may recall loans for Rs 1,911crsAmazon US to sell Titan , Fastrack
Lenders may recall loans of Rs 1,911 cr, says Tata Teleservices
PVR bluo is a JV between PVR and Major cineplex group of Thailand

COMEX Gold futures are trading in a steady manner amid modest selling pressure in global equities today. Asian stocks eased despite DOW hitting a record high yesterday. European equities also eased early on Tuesday, extending losses from a subdued start to the week as resource linked stocks stayed weak. COMEX Gold is quoting at $1266.54 per ounce, up marginally on the day. The metal eased from a near two month high last week. MCX Gold futures are trading flat at Rs 28460 per 10 grams amid thin trading today.

BUY GOLD ABOVE 28400 TGT 28450 28550 SL BELOW 28350
SELL GOLD BELOW 28300 TGT 28250 28150 SL ABOVE 28350

The Indian rupee firmed up in early trades on Tuesday, 08 August 2017 on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic equity market, after having withdrawn slightly in the previous session. Besides, weakness in the dollar against some other currencies overseas also supported the rupee. The domestic currency opened at Rs 63.7550 and registered an intra-day high and low of 63.7150 and 63.7875 respectively so far during the day. In the spot currency market, the Indian unit was last seen trading at 63.7450.

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