Epic Research Special Stock Market Report 07 September 2017

Global markets at a glance
The Dow Jones Industrial Average rose 54.33 points, or 0.25 percent, to end at 21,807.64, the S&P 500 gained 7.69 points, or 0.31 percent, to 2,465.54 and the Nasdaq Composite added 17.74 points, or 0.28 percent, to 6,393.31. US shares rose on Wednesday and the dollar gained against the safe-haven Japanese yen as upbeat news out of Washington helped mitigate investors’ concerns about North Korea’s nuclear weapons tests and a major hurricane barreling towards Puerto Rico and Florida.Trump and legislators also plan to pass a government funding bill and disaster aid for Hurricane Harvey victims, Democratic leaders said.The Federal Reserve’s Beige Book survey showed that U.S. economic activity expanded at a modest to moderate pace in July and August, helping stocks extend their gains.

MACRO NEW
NBCC signs Agreement w/Health Ministry For Expansion of Sports Injury Centre, Delhi Worth `464 Cr
IRB invIT Fund Seeks Shareholder Nod For Proposed Acquisition Of IRB Pathankot Amritsar Toll Road
Aarey Drugs & Pharma Seeks Shareholder Nod For Sub division Of Share Cipla Promoters, Relatives Get Into Share Transfer Agreement
Asian Paints subsidiary in Indonesia sets up PT API plant with a capacity of 5000 tons/annum Equity mutual funds received a staggering Rs 20,000
crore in net investor flows in August, while the overall assets under management topped the Rs 20-lakh crore mark. These are highest-ever monthly equity flows and AUM recorded by the domestic asset management industry.Diversified equity funds got net flows of Rs 19,515 crore, while tax-saving equity schemes netted another Rs 847 crore, reported Business Standard.
HCL Technologies announces Strategic Partnership with Banking Solutions Provider Alpha Insight

COMMODITY ROUNDUP
WTI Crude oil futures hit near three week highs, rising well above $49 per barrel levels as momentum remained strong on technical cues. Traders are eyeing the US oil industry’s recovery from Hurricane Harvey and a recent drop in US crude oil inventories is also keeping the sentiments supported. WTI Crude is currently trading at $49.20 per barrel, up 1.10% on the day. MCX Crude oil futures are trading at Rs 3159 per barrel, up 1.20% on the day.The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 51.95 per barrel (bbl) on 05.09.2017.

TRADING STRATEGY:
BUY GOLD OCT ABOVE 30250 TGT 30300 30400 SL BELOW 30200
SELL GOLD OCT BELOW 30150 TGT 30100 30000 SL ABOVE 30200

CURRENCY MARKET UPDATE
The rupee recuperated from early plunge and ended with gains by 2 paise, at 64.10 against the US dollar even as geopolitical worries continued to cast shadow over forex trading, PTI reported.

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