Epic Research Special Stock Market Report 18 August 2017

Global markets at a glance
US stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration’s ability to push through its economic agenda rattled investors. The benchmark index also closed at its lowest since July 11 with the day’s move marking the first time since the November 8 election of two days with more than 1 percent declines so close together. The index dropped 1.4 percent last Thursday, as concern over a possible conflict between the United States and North Korea hit the market.Asia markets were pressured in early Friday trade after investors on Wall Street sold off on growing uncertainty over the Trump administration’s ability to follow through on its economic policies.

Govt clears purchase of six Boeing Apache helicopters in $650 million deal
White House jitters and Barcelona terror attack weigh on Asian shares
PM Modi pitches for ‘New India’, asks startup entrepreneurs for ideas
Bihar flood worsens, death toll rises to 98
PM Modi, Donald Trump agree to enhance peace across Indo-Pacific region
Golden Tobacco puts land parcel on block for the third time
Raymond Acquires Ansells’s stake in Brand Kamasutra
Axis Bank offers 12 EMI-waiver on home loans of up to Rs 30 lakh
Bharat Forge — multiple growth levers at a premium valuation
Srei Infrastructure gets stronger on proposed IPO of subsidiary

Talbros Engineering board recommends the issuance of bonus shares in the ratio of 1:1
Indo Count – CARE has Upgraded Credit Rating of Long Term Bank Facilities to CARE AA with Stable Outlook from CARE AA
GNFC – ICRA revises rating on Term loans to AA Stable from AA-

Gold jumped near two month high on strong speculative demand and prospects of continued Indian buying. India’s Gold imports came in at Rs 13554 crores in July 2017, up by 87% on July 2016. The Silver imports came in at Rs 1133
crores, soaring by 209%. The figures in US dollar terms were 2102 Million dollar and 176 Million Dollar, marking a spurt of 95% and 222% respectively. COMEX Gold is quoting at $1290 per ounce, up 0.56% on the day. MCX Gold futures are trading at Rs 29158 per 10 grams, up 0.71% on the day. Large speculators strongly added to their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

BUY GOLD ABOVE 29250 TGT 29300 29400 SL BELOW 29200
SELL GOLD BELOW 29000 TGT 28950 29850 SL ABOVE 29050

The Indian rupee opened marginally lower at 64.18 per dollar on Friday versus 64.15 Wednesday.”Dollar index bounced on the basis of European Central Bank (ECB) concerns on euro strength. The USD-INR pair consequently could move a little higher keeping pace with other Asian currencies. We expect a range of 64.15-64.40 for the day.” “The 10-year benchmark yield is expected to trade within the 6.52-6.54 percent range today.”

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, binary option trading 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.
mail us @ info@epicresearch.co

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001