For private circulation only July 2017 Issue:II Vol: 54 KNOWLEDGE POWER. WEALTH ENHANCER Stock Picks INR Fund Picks ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ S�����: N����: D�� J����: N�����: USD/INR: G���: O��: Scheme Name Performance as on 27/07/17 3Yr Returns (CAGR) 5Yr Company Name (August future contract) (Sep future contract) CPM (Rs) Target (Rs) Mahindra CIE Automotive Ltd. 245 291 Federal Bank Ltd 113 134 Ashok Leyland Ltd 105 116 Global: India: MARKET UPDATE UAE Round Up Emirates Academy of Hospitality ranked among world’s top 10. Abu Dhabi Global Market (ADGM) has announced the establishment of an arbitra- tion hearing centre on Al Maryah Island by early 2018. The move follows the recent development and agreement with the International Court of Arbitration of the International Chamber of Commerce (ICC Court), to launch its Middle East representa- tive office in ADGM 32,309.88 10,014.50 21830.31 6374.68 64.16 $1,268.40 $49.71 YOUR TRUSTED PARTNER IN WEALTH CREATION # # # # # # # # # # # # Sundaram Select Midcap Midcap 23.79 27.68 HDFC Mid-Cap Oppor Midcap 22.84 27.37 Reliance Growth Fund Midcap 17.62 21.23 SBI BlueChip Fund-Reg Largecap 16.41 21.25 Index Started Week Ended Week Change Change% YTD % DJIA 21580.07 21830.31 250.24 1.2 10.5 Nasdaq 6387.75 6374.68 -13.07 -0.2 18.4 S&P 500 2472.54 2472.10 -0.44 -0.0 10.4 Investors had a massive pile of earnings reports to work through this week. The results were generally positive, but equities still sold off in some instances as many companies rallied for several weeks in front of their reports, pricing in much of the good news beforehand. The S&P 500 finished the week just a tick below its flat line, the Nasdaq dropped 0.2%, and the Dow outperformed, climbing 1.2%. The stock market began the week with a rather range-bound performance on Monday as small victories from the top-weighted technology and financials sectors roughly canceled out losses from the nine remaining groups. Alphabet (GOOGL) helped carry the tech space, muscling one more win ahead of its earnings report, which crossed the wires on Monday evening. Alphabet reported better than expected earnings and revenues, but slid 2.9% on Tuesday nonetheless. In general, earnings continued to eclipse expectations on Tuesday with Caterpillar (CAT), McDonald's (MCD), DuPont (DD), and United Technologies(UTX) all beating earnings per share estimates. The positive results helped push the S&P 500 and the Nasdaq to modest victories and new record highs. The Dow joined the record-high club in the midweek session, outpacing its peers on the back of Boeing (BA). The airplane maker surged 9.9% after reporting better than expected earnings and raising its earnings guidance for the fiscal year. Wireless giant AT&T (T) also moved solidly higher, adding 5.0%, following its latest quarterly report, which showed above-consensus earnings. Investors took a break, albeit a short one, from earnings season on Wednesday afternoon when the Fed released its latest policy directive. However, the release largely turned out to be a nonevent. The FOMC decided to keep the fed funds target range at 1.00%-1.25%, as expected, and noted that it expects to begin paring its balance sheet "relatively soon", which was interpreted by many to mean September. Earnings came back into focus on Thursday with Facebook (FB) headlining the lineup. The social media giant jumped to a new record high after reporting better than expected earnings and revenues, however, the company gave back a good portion of said advance as tech stocks began to sell off in the afternoon, pushing the technology sector to the bottom of the leaderboard. Transports struggled mightily on Thursday, sending the Dow Jones Transportation Average lower by 3.1%. The DJTA's weakness was broad, but UPS (UPS) and Southwest Airlines (LUV) exhibited particular weakness despite beating earnings estimates. However, on a positive note, Verizon (VZ) surged 7.7% on better than expected revenues. Equity indices settled mixed with the S&P 500 losing 0.1%. Moving into Friday's session, investor sentiment was down mildly after Amazon (AMZN) reported worse than expected earnings on Thursday evening. The e-commerce giant dropped 2.5%, but the broader market held up relatively well with the Dow settling at another record high, its third in a row. Also of note, the advance estimate of Q2 GDP came in slightly below expectations (2.6% actual vs 2.8% ) From June lows of 9448, Nifty has rallied consecutively for the past four weeks gaining over 650 points or 7%. For the week, NSE Nifty and BSE Sensex gained by 1% each. The Federal Reserve kept interest rates unchanged over the absence of inflationary pressure and indicated that future interest rate hikes will depend on key economic data from inflation and wage growth. The FOMC agreed to keep its benchmark rate target at 1-1.25%. President Ramnath Kovind was sworn in as 14th President of India. A political drama unfolded in Bihar as Nitish Kumar resigned as the Chief Minister on Wednesday and was sworn in again the next day as his party aligned with the BJP. Market-wide rollovers into August were just a little below average. Trade on Over 100 markets, across 24 countries from Single Trade login Source: Geojit Financial Services Ltd