Epic Research Special Stock Market Report 29 August 2017

Global markets at a glance
The S&P 500 and Dow ended little changed on Monday,with energy and bank shares lower as Tropical Storm Harvey crippled the US energy hub in Texas, while tech and healthcare gave a light boost to the Nasdaq. Harvey, the most powerful hurricane to strike the southern US state in more than 50 years when it came ashore on Friday, dumped more rain on Houston on Monday, and the flooding could worsen as engineers release water from overflowing reservoirs to keep it from jumping dams and surging uncontrollably. Market analysts said despite the human drama and infrastructure devastation, the market could take solace in the fact that a massive rebuilding effort would mostly offset the negative economic consequences of the flooding.

Dalmia Bharat Seeks Shareholder Nod To Issue Securities Worth Upto `3,000 Cr
Religare Enterprises says issue of Non-Convertible Redeemable Debentures on private placement basis
Vijaya Bank’s QIP opened on 28th August at 66 /shares
Reliance Infrastructure – Greenko looking to buy their Mumbai power assets for 2bn $
Tata tele to invest 4k cr. In listed arm
Lenders to Jindal inda power have sought bids to sell 51% stake in JSPL
HPCL, BPCL, IOC – Fuel retailers look at revamp after entry of Rosneft
JSW steel in talks to acquire Cevital Aferpi mill for 100mn$
RBL bank – the lock in period of 1 year post IPO ends
HCL Tech Seeks Shareholders’ Nod For Re-Appointment Of Shiv Nadar As Chairman & CSO
Religare Ent Raises Funds Via NCDs For An Amount Worth `30 Cr

Century Plyboards subsidiary Century Ply (Singapore) Pte. Ltd. in Singapore has acquired further 2% stake in M/s. Huesoulin Wood Processing Factory Co. Ltd., Laos, thereby increasing its aggregate shareholding from 49% to 51%
Magma Fincorp says acquisition of 26% equity shares
of Magma ITL Finance Limited. By virtue of the said acquisition, MITL has become wholly owned subsidiary of the Company

COMEX Gold has hit five month highs above $1300 per ounce today as weakness in US dollar continues to keep the momentum affirmative for the precious metal. US dollar index has plummeted to a 13 month low mark around 92 levels while the Euro/US Dollar pair is at a two and half year high of 1.1930 levels. Gold is quoting around $1302.70 per ounce, up 0.37% on the day. MCX Gold futures are trading at Rs 29251 per 10 grams, up 0.29% on the day after almost testing Rs 29300 levels in intraday moves. The Euro soared after Mario Draghi, president of the European Central Bank noted that significant monetary accommodation is still needed and that inflation is not yet converging to the central bank’s target.

BUY GOLD ABOVE 29500 TGT 29550 29650 SL BELOW 29450
SELL GOLD BELOW 29300 TGT 29250 28150 SL ABOVE 29400

The Indian rupee strengthened further in early trades on Monday, 28 August 2017 against the dollar on selling of the US currency by exporters and banks amid a higher opening in domestic equities. The dollar’s weakness against some currencies overseas also helped the rupee gain.The domestic currency opened at Rs 63.87 against the dollar but dipped to a low of 63.9175 so far during the day. In the spot currency market, the Indian unit was last seen
trading at 63.90.

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