Epic Research Special Stock Market Report 16th Aug 2016

From: Epic Research Pvt Ltd
Published: Tue Aug 16 2016

Asian shares rose to one-year highs, extending their gains so far this year to almost 10 percent, helped by a jump in oil prices and investor expectations of continued easy monetary policy around the globe.

On Wall Street on Monday, S&P 500, Dow and Nasdaq stock indexes all closed at all-time highs, gaining 0.3 to 0.6 percent. Brazilian shares


Results: Power Grid Corporation, Just Dial , OCL India
WPI inflation figures will be announced today around 12pm.
Petrol to be cheaper by Rs 1/litre, diesel Rs 2
BSE plans to hire banks for $150 million IPO
Cipla Q1 profit down 44%. Revenue misses estimates, down 6%. MD & Global CEO Subhanu Saxena to step down.
SBI Q1 profit falls 32%, fresh slippages slip sharply to Rs 8790 cr
Wockhardt Q1 profit sinks 83% on weak EBITDA; US, EM biz dip 16%
NSE to delist 14 companies from its platform from August 31
SC lifts ban on registration of luxury diesel cars in NCR
Hindalco Q1 profit jumps 5-fold to Rs 294 cr, revenue falls 11%
Sun Pharma Q1 profit soars 266% to Rs 2034cr, EBITDA surges 65%
Allahabad Bank Q1 -Net loss of Rs 564.9 crore versus profit of Rs 146.8 cr (YoY)
NMDC Q1 -Net profit down 29.9 percent at Rs 711.3 crore versus Rs 1,015.4 crore (YoY)
NHPC Q1 -Net profit up 7.5 percent at Rs 857.8 crore versus Rs 798.2 crore (YoY)
Five PSU banks post loss of Rs 2,564 cr in Q1
Brexit could be delayed to late-2019 as govt not ready


Hindalco, Balco feel pressure due to cheap imports
TATASTEEL- Looking into sale of speciality business & other UK assets
Suzlon board approves issue of securities upto Rs 2,000 crore
Dhanlaxmi Bank defaults on July bond payments
Grasim to dilute with addition of AB Nuvo's businesses
Pfizer plans to bring more global drugs to India


Gold fell last night after the number of people filing for unemployment benefits in US declined 1,000 to a seasonally adjusted 266,000 in the August 6 week. Initial claims have been below the key 300,000 threshold for 75 weeks in a row, the longest such streak since 1970.

Oil prices hit one-month highs on Monday, gaining 10 percent or more in a three-day rally as speculation intensified over potential producer action to support prices amid a glut of crude.


The dollar slipped slightly but was essentially stuck in its recent trading ranges as market players look to the minutes from the Fed's July policy meeting, due on Wednesday.

The Indian rupee opened marginally higher by 4 paise at 66.80 per dollar on Friday versus 66.84 Thursday.

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