Global markets at a glance

Asian shares edged higher on Friday, cheered by news of an eye-popping initial public offering by Chinese e-commerce
giant Alibaba Group, while sterling rebounded after a sur-
vey published showed support for Scotland to remain in
the United Kingdom. Japan's Nikkei stock average surged
1.5 percent, getting a tailwind from a weaker currency as
the dollar pushed to a new six-year high of 109.46 yen.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was narrowly positive, supported by
cheer on Wall Street, where both the benchmark S&P 500
and the Dow Jones industrial average set intraday record
highs. Japan's Nikkei stock average surged 1.5 percent, getting a tailwind from a weaker currency as the dollar pushed
to a new six-year high of 109.46 yen.

Wall Street

U.S. stocks rose on Thursday, a day after the U.S. Federal
Reserve kept intact its pledge to keep interest rates low,
providing a backstop for investors that helped lift both the
Dow and S&P to record highs. The Fed said Wednesday at
the conclusion of a two-day policy meeting it would keep
interest rates near zero for a "considerable time," language
supportive of equities which some had expected to be
dropped from the statement. The Dow Jones industrial average closed up 109.14 points, or 0.64 percent, to
17,265.99, the S&P 500 .SPX added 9.79 points, or 0.49
percent, to 2,011.36, and the Nasdaq Composite .IXIC
gained 31.24 points, or 0.68 percent, to 4,593.43.

MACRO NEWS

Moody's upgrades multiple ratings of Tata Group companies. TCS local currency issuer rating affirmed at A3/stable
-JLR Automotive, Tata Chemicals North America ratings
have not been affected
Silver Leaf Oak acquires 10 percent stake in Syngene International -Deal with Silver Leaf Oak values Syngene at
Rs 3,800 crore.
ICICI Bank -Signs MoU with China Development Bank-Signs framework agreement with Export-Import Bank Of
China.
Cipla sales per annum likely to be impacted by Rs 45-46
crore. Ranbaxy sales per annum likely to be impacted by
Rs 55 crore. Cadila sales per annum likely to be impacted
by Rs 20 crore


STOCKS IN NEWS

Jet Airways to stop Konnect service from Dec. 1.
Infosys inks deal with China's Huawei for cloud-based
projects
NMDC to increase iron ore output by 10% next year
Cipla licenses rights for innovative product to Salix.
Zee Ent. to replace United Spirits in CNX Nifty.
Aurobindo Pharma , Motherson Sumi Systems to be
included in CNX Nifty Junior -Mphasis, United Spirits
to be excluded from CNX 100 Index.

COMMODITY ROUNDUP

Tracking a weak trend overseas, silver prices fell by 0.49%
to Rs 41,173 per kg in futures trade yesterday as speculators engaged in offloading positions. At the MCX silver for
delivery in far-month December lost Rs 201, or 0.49%, to Rs
41,173 per kg with a turnover of 318 lots. The fall in silver
futures was mostly due to a weakening trend in global mar-
kets after the Federal Reserve raised its interest-rate projections, spurring gains in the dollar and reduced demand
for the precious metals. Meanwhile, in New York, silver fell
0.88% to $18.52 an ounce in Wednesday's trade.

CURRENCY ROUNDUP

The Indian rupee gained on Thursday tracking a rally in domestic shares on hopes the country would retain its appeal
to foreign investors, despite uncertainty about the outlook
for U.S. interest rates that hit other emerging markets. The
U.S. Federal Reserve on Wednesday renewed its pledge to
keep interest rates near zero for a "considerable time," but
also indicated it could raise borrowing costs faster than expected when it starts moving.


Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers who offer updates on the sectors like – Share Advisory Firm, derivative trading, commodity trading, FOREX trading tips etc.

Our research Team give recommendations on the following -

- equity (cash)
- derivatives
- commodity and
- currency

Keep track our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/

Or mail us here: [email protected]
or

https://www.epicresearch.co/research/special-reports
###