Epic Research Special Stock Market Report 16 August 2017

Global markets at a glance
US stocks ended little changed on Tuesday as declines in Home Depot and other retailers following results offset upbeat US retail sales data. Home Depot’s stock was down 2.7 percent and was the biggest drag for both the S&P 500 and Dow. Although the home improvement chain reported strong earnings and raised its forecast, investors appeared to be worried about supply constraints in the housing market that could be a drag on Home Depot’s future earnings.Shares of smaller rival Lowe’s Cos were down 4.4 percent. The S&P 500 consumer discretionary index , down 0.9 percent, also took a hit from a steep fall in the shares of Coach and Advance Auto Parts after disappointing results. The S&P 500 retail index was down 1.6 percent.

PM Modi, Donald Trump agree to enhance peace across Indo-Pacific region
Govt orders shuttering of 1.75 lakh shell companies over black money
SEBI steps up surveillance on money laundering activities
Tata Motors appoints PB Balaji as CFO w.e.f November 15, 2017
Govt slaps Rs 1700 crore penalty on RIL – Business Standard
RIL, BP to submit revised plan for KG-D6 gas finds – ToI
Auobindo, Intas in race for Teva’s assets- Mint
TVS Motor acquires 24% stake in online marketplace RentOnGo – Business Standard
Tata Global Beverage to launch Himalayan mineral water in US

Cochin Shipyard debuts at Rs 461, surges 22% over issue price
BNP Paribas Arbitrage buys 9.90 lakh shares of Prakash Industries
Tasty Bite says co signed agreement to be acquired by Mars Food

Gold slipped from near two month highs as global stocks edged up on the first day of the week. The metal had soared on geopolitical worries last week. A continued selloff hit stocks as investors pared their riskier positions amid rise in
geopolitical tensions between the US and North Korea. This benefited the metal and COMEX Gold soared near $1300 per ounce mark. However, equities raced up today as markets reverted back to the theme of generous earnings and
also considered the nice shape global economy is placed right now. Stocks rose around 1% in Asia and European equities are also showing similar gains. COMEX Gold is down 0.43% at $1288 per ounce right now. , down 0.46% on the day.

BUY GOLD ABOVE 29170 TGT 29270 29470 SL BELOW 29050
SELL GOLD BELOW 29020 TGT 28920 28720 SL ABOVE 29120

The Indian rupee recovered against the dollar in early trades on Monday, 14 August 2017, reversing its three-day downward trend on fresh selling of the American currency by exporters. Besides, the dollar’s weakness against some
currencies overseas and early gains in the domestic equity market supported the rupee.The domestic currency opened at Rs 63.9925 against the dollar and dropped to a low of 64.0275 so far during the day.In the spot currency market, the Indian unit was last seen trading at 64.0175.

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