Profit street blog | stock and commodity market news

Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic Organization of the Petroleum Exporting Countries  (Opec) output cut slashes supply. The switch may foreshadow the end of a global oil glut that built up during a two-year price war.  On Friday — for the first time in six years — a rule in one of the most popular commodity market indices was triggered, requiring funds tracking the index to sell Brent crude futures contracts for December and to buy contracts for June . The S&P GSCI Enhanced Commodity Index rule aims to ensure that investors are positioned to cash in when oil market fundamentals change  in this case, when supply becomes so tight that the current price of oil becomes higher than the price of oil for delivery many months or years into the future. That structure is called backwardation.  When markets are oversupplied, the opposite is

Saudi Arabia on Sunday launched a parallel equity market designed to boost small and medium enterprises (SMEs) that closed up 20 percent, the maximum allowed in a single day, brokers said. The index on the parallel market, Nomu, listing seven companies, closed at 6,000 points with trading of SR256 million (about $67 million). Argaam, a Saudi economic website, put the total capitalization of the seven companies trading on Nomu at SR1.8 million ($479 million). The companies listed are Raydan Restaurants, Baazeem Trading Company, Arab Sea, Al-Omran Trading, Abdullah Saad Abo Moati, Food Development Company and Al-Samaani Metal. Argaam said Baazeem was the most active on Sunday with 2.2 million shares trading hands. To be listed on Nomu, companies must have a market value of at least SR10 million ($2.7 million), a minimum of 35-50 shareholders and at least 20 percent of shares publicly owned. Nomu’s launch was announced last Monday by Tadawul, which said the new equit

U.S. President Donald Trump's planned economic agenda has fanned the flames for Wall Street's record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague. The benchmark S&P 500 .SPX has surged 10 percent since Trump's Nov. 8 election, with optimism running high over the Republican administration's domestic proposals, including plans to reform taxes paid by businesses. But there have been few specifics so far, and some investors believe Trump may need to provide more than just generalities when he gives his first major presidential address on Tuesday. "If he comes out next week and there are little or no details other than that it is going to be great, that is going to be a time where we could have the first sort of crack in the armor," said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago. Trump has said enough so far to help

Stock prices climbed to record highs worldwide for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments from U.S. President Donald Trump and his Treasury chief on plans for job creation and tax reform.The dollar was bogged down a day after minutes from the Federal Reserve's latest policy meeting showed the U.S. central bank was in no rush to raise interest rates. Treasury and euro zone government bond yields declined as European Central Bank policymakers also signalled they were not getting carried away by signs the euro zone economy is gathering strength. This outlook for policy accommodation lifted gold prices to a three-month high near $1,250 an ounce .Equity markets around the world have advanced this year as traders bet on tax cuts, less regulation and more infrastructure spending from Trump and the Republican-controlled Congress to bolster the U.S. economy. Details on these stimulus progra

Shares of India’s largest private enterprise Reliance Industries Ltd (RIL) on Wednesday jumped as much as 10.5%, its biggest jump since May 2009, as investors anticipated revenue generation for its telecom venture Jio starting from 1 April. In intraday trade , RIL touched a high of Rs1,202, a level last seen on 19 May 2009, and gained as much as 10.5%, its biggest jump since May 2009. At 2.31pm, RIL was trading at Rs1,201.75 on the BSE, up 10.4% from its previous close, while India’s benchmark Sensex index rose 0.33% to 28,857.07 points. The scrip gained in six out of seven trading sessions and rose 13.8% in this period. So far this year, it has gained 8.3%. On Tuesday, Reliance Jio announced that it will end free data service and start charging its customers from 1 April, though voice calls and roaming will remain free. “We believe this is a significant development as it will likely lead to P&L recognition of Jio in FY18 and also provide much better visibility on i

Stock market movements make headlines every day. How many people invest in stock markets in India? Which state has most stock market investors in India? Mint has analyzed statistics from the Bombay Stock Exchange (BSE) to answer some of these questions. The BSE data used unique client codes to identify the number of stock market investors in each state and union territory. It identified 3.23 crore registered stock market investors in total. All investor accounts are linked to a demat account, though there maybe duplication, for example with one demat account connected to investor accounts with more than one brokerage. A total of 98.7% of these had clear state/union-territory wise data. It was not defined for 4.29 lakh investors. This works out to less than 7% of India’s 48.18 crore-strong workforce. The exchange updates the data daily. The analysis used numbers from 20 February 2017. Maharashtra alone accounts for more than one-fifth of India’s stock market investors. Gujar

कच्चे तेल में जोरदार तेजी आई है। ग्लोबल मार्केट में ब्रेंट का दाम 56 डॉलर के पार चला गया है। दरअसल डॉलर में दबाव से क्रूड की कीमतों को सपोर्ट मिला है। हालांकि नैचुरल गैस में बिकवाली हावी है। फिलहाल एमसीएक्स पर कच्चा तेल 0.75 फीसदी उछलकर 3630 रुपये पर कारोबार कर रहा है। वहीं नैचुरल गैस करीब 3 फीसदी गिरकर 185.7 रुपये पर कारोबार कर रहा है। सोने और चांदी में गिरावट आई है। घरेलू बाजार में सोना 100 रुपये से ज्यादा और चांदी 200 रुपये टूट गए हैं। ग्लोबल मार्केट में सुस्ती का असर घरेलू कीमतों पर पड़ा है। फिलहाल एमसीएक्स पर सोना 0.5 फीसदी की गिरावट के साथ 29,240 रुपये पर कारोबार कर रहा है। चांदी 0.5 फीसदी गिरकर 42,730 रुपये पर कारोबार कर रही है। वहीं बेस मेटल में मिलाजुला कारोबार देखने को मिल रहा है। फिलहाल एमसीएक्स पर कॉपर 0.5 फीसदी बढ़कर 402.3 रुपये पर कारोबार कर रहा है, जबकि एल्युमीनियम की चाल सपाट है। लेड 0.6 फीसदी की तेजी के साथ 152 रुपये पर कारोबार कर रहा है। हालांकि निकेल में कमजोरी दिख रही है। निकेल 0.2 फीसदी गिरकर 738.4 रुपये पर कारोबार कर रहा है। लेकिन, जिंक करीब 1 फीसदी की

The local stock barometer is seen to continue consolidating this week as investors digest the ongoing stream of local corporate earnings and offshore developments. Last week, the main-share Philippine Stock Exchange index rose by a meager 9.58 points or 0.13 percent to close on Friday at 7,244.79. Investors tended to dump shares whenever the index neared the 7,300 barrier and buy anew whenever the barometer slipped to the 7,100 levels. “ Stock market benchmark index remained range bound, finishing the week almost unchanged at 7,244.79. Renewed rate hike fears in the US, following (US Federal Reserve) Fed chair Janet Yellen’s statement in Congress, caused local players to lighten up their position,” said Jonathan Ravelas, chief strategist at BDO Unibank. Chartwise, Ravelas said the week’s close at 7,244.79 continued to suggest that the market would remain range-bound between the 7,000–7,400 levels in the near term. “Only a move above the 7,500 levels will call the bulls ba

देश के शेयर बाजार शुक्रवार को मजबूती के साथ बंद हुए। प्रमुख सूचकांक सेंसेक्स 167.48 अंकों की मजबूती के साथ 28,468.75 पर और निफ्टी 43.70 अंकों की बढ़त के साथ 8,821.70 पर बंद हुआ। बंबई स्टॉक एक्सचेंज (बीएसई) का 30 शेयरों पर आधारित संवेदी सूचकांक सेंसेक्स सुबह 369.16 अंकों की मजबूती के साथ 28,670.43 पर खुला और 167.48 अंकों या 0.59 फीसदी की तेजी के साथ 28,468.75 पर बंद हुआ। दिनभर के कारोबार में सेंसेक्स ने 28,726.26 के ऊपरी और के 28,410.91 निचले स्तर को छुआ। सेंसेक्स के 30 में से 15 शेयरों में तेजी रही। सन फार्मा (4.03 फीसदी), एचडीएफसी बैंक (3.75 फीसदी), सिप्ला (1.58 फीसदी), टाटा मोटर्स (1.53 फीसदी) और आईसीआईसीआई बैंक (1.52 फीसदी) में सर्वाधिक तेजी रही। सेंसेक्स के गिरावट वाले शेयरों में प्रमुख रहे- टीसीएस (1.58 फीसदी), हीरो मोटोकॉर्प (1.29 फीसदी), इन्फोसिस (1.21 फीसदी), विप्रो (1.02 फीसदी) और एशियन पेंट्स (0.91 फीसदी)। नेशनल स्टॉक एक्सचेंज (एनएसई) का 50 शेयरों पर आधारित संवेदी सूचकांक निफ्टी सुबह 105.7 अंकों की बढ़त के साथ 8,883.70 पर खुला और 43.70 अंकों या 0.61 फीसदी तेजी के

President Trump is excited about record stock prices. and he doesn’t think we’re done yet. In a Thursday morning tweet, Trump exclaimed: “ Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism — even before tax plan rollout!” Trump appears to be making reference to data from FactSet, cited earlier in the day by CNN Money, showing Wednesday’s fifth-straight record high close for each of the major U.S. equity indexes matches a streak last seen in January 1992. In a press conference on Thursday afternoon, Trump again highlighted the stock market’s recent performance, saying, “The stock market has hit record numbers. There has been a tremendous surge of optimism in the business world.” Trump added that, “plants and factories are already starting to move back into the United States and big league,” citing recent announcements from Ford and General Motors. As we’ve seen in recent weeks, and again on Thursday, confid

अमेरिका में भंडार बढ़ने से कच्चे तेल में दबाव बढ़ गया है। कल अमेरिकी एनर्जी डिपार्टमेंट की रिपोर्ट आई थी, जिसके मुताबिक अमेरिका में क्रूड का भंडार करीब 95 लाख बैरल बढ़कर रिकॉर्ड स्तर पर चला गया है। भंडार में ये बढ़त बाजार के अनुमान का करीब तीन गुना है। यही नहीं गैसोलीन के भंडार में भी करीब 28 लाख बैरल की बढ़त देखी गई है। ऐसे में कच्चे तेल की कीमतों पर दबाव बना हुआ है। इस बीच ग्लोबल मार्केट में चांदी का दाम 18 डॉलर के स्तर पर चला गया है। सोने में भी हल्की बढ़त है। हालांकि बढ़त के बावजूद सोना बेहद छोटे दायरे में कारोबार कर रहा है। दरअसल जनवरी में यूएस इकोनॉमी के शानदार आंकड़ों से अमेरिका में ब्याज दरें बढ़ने की संभावना मजबूती हो गई है। यूएस फेड चेयरमैन के संकेत के बाद गोल्डमैन सैक्स ने इस साल की पहली छमाही में अमेरिका में ब्याज दरें बढ़ने की संभावना जताई है। वहीं जे पी मॉर्गन ने कहा है कि मई तक फेड दरें बढ़ा सकता है। इस बीच रुपये में हल्की कमजोरी है। फिलहाल एमसीएक्स पर कच्चा तेल सपाट होकर 3550 रुपये पर कारोबार कर रहा है। नैचुरल गैस करीब 0.5 फीसदी की मजबूती के साथ 197.4 रुपय

U.S. stocks notched a fourth straight record close Tuesday with a rally in banks after Federal Reserve Chairwoman Janet Yellen signaled that the central bank could gradually raise interest rates sooner rather than later.During Yellen’s testimony before the Senate Banking Committee, stocks flipped between small gains and losses but started carving out fresh intraday highs as the testimony wrapped up, adding to three straight days of record closes for the Dow industrials, S&P 500 and the Nasdaq. The S&P 500 index SPX, +0.40%  finished up 9.33 points, or 0.4%, at a record 2,337.58, with financials and health-care stocks leading the gains. The financials sector has rallied more than 20% since the November election, and 4.2% this month alone. Bank stocks jumped after Yellen’s comments on interest rates, while rate-sensitive sectors such as utilities and real estate slumped. The Dow Jones Industrial Average DJIA, +0.45%  gained 92.25 points, or 0.5%, to close at a record

It may be high time for stock-market bears to throw in the towel. All the pundits and prognosticators side-eyeing (that means, a sidelong glance or gaze, especially when expressing scorn, suspicion, disapproval, or veiled curiosity, according to Merriam-Webster) record-breaking equity indexes must be feeling awfully close to the point of capitulation, right about now. Read: The stock market’s Trump rally has just begun Who can blame them, if that is the case? U.S. equities — heck, the global stock market — have resumed an elevator ride to new heights, after mostly stalling out once the elation sparked by President Donald Trump’s election victory in November abated somewhat. But now the stock market is back at its rip-roaring best, with the Dow Jones Industrial Average DJIA, +0.70%  flirting with 21,000 like a lonely bar patron during last-call for drinks. This after surpassing the psychological milestone of 20,000 19 trading days ago and ringing up back-to-to-ba

Mumbai: The board of the Securities and Exchange Board of India (Sebi) has initiated the process of opening up the country’s commodity derivatives market to new participants.The regulator will initially allow Alternate Investment Funds (AIFs) to invest in commodity future s, two people aware of the matter said. However, according to a finance ministry official, the Sebi board, which met on Saturday, did not take up amendments to Sebi rules to permit launch of commodity options. All three persons declined to be identified.“Sebi is working on allowing AIFs, particularly the category III (such as hedge funds) segment in commodity derivatives market . Sebi has already written to the Reserve Bank of India and ministry of agriculture for their comments,” said the first person cited above. “Institutional participants are important from the perspective of providing liquidity in the market,” he added. The need to increase liquidity in the commodity market by increasing institutional partic

Financial stocks remained in focus as investors sought to catch up to their rapidly changing earnings prospects under lessened regulatory pressures. The Financial Sector SPDR Select ETF (NYSEMKT: XLF) hardly budged, though, ticking up by less than 0.5%. Traders continued to focus attention on leveraged bets on the price of gold , and those risky positions paid off slightly as the Direxion Daily Gold Miners Bull 3X ETF (NYSEMKT: NUGT)  added 4%. Earnings reports produced solid gains for shareholders of Activision Blizzard (NASDAQ: ATVI) and Skechers (NYSE: SKX)  that far outpaced the broader market's growth. Activision Blizzard levels up Activision Blizzard shares soared over 18% higher to a new record after the video game developer raced past its own fourth-quarter outlook. Instead of rising 37% to $1.86 billion, as management projected back in early November, sales soared 49% to $2 billion. The company significantly outpaced earnings expectations, too, as profit improved to $

Enthused by better returns from its investment in the equity exchange traded funds (ETFs), the EPFO is set to enhance its stock market exposure to 15% of its incremental deposits, or an estimated R19,500 crore, in FY18, from 10% now.Enthused by better returns from its investment in the equity exchange traded funds (ETFs), the Employees’ Provident Fund Organisation (EPFO) is set to enhance its stock market exposure to 15% of its incremental deposits, or an estimated R19,500 crore, in FY18, from 10% now. The increase will be via the ETF route. Under the the investment pattern notified in 2015, the EPFO can invest up to 15% of its incremental deposits in the stock market. However, trade unions’ continuous opposition to “risky investments” forced it tread slowly. The proposal to raise the exposure to 15% will be taken up for discussion in the next meeting of Central Board of Trustees (CBT), the EPFO’s highest decision-making body, scheduled for next month, labour minister Bandaru Datta

President Donald Trump tweeted his dissatisfaction with retailer Nordstrom on Wednesday for dropping the apparel line of his daughter, Ivanka."My daughter Ivanka has been treated so unfairly by @Nordstrom. She is a great person -- always pushing me to do the right thing! Terrible!" Trump wrote. The stock seemed to take a turn into the negative right after the tweet was sent, but then something interesting happened. Despite the chief executive of the largest economy in the world directly targeting the company, Nordstrom's stock bounced right back into positive territory. This has been a pretty standard occurrence for a company targeted by Trump's tweets. There's a sell-off - and then the stock comes right back. Lockheed Martin, which was attacked by Trump for the cost of the F-35 fighter jet program, initially dove around 5% following the tweet in December. The stock, however, bounced back in the days following and is now trading 0.8% below the le

Sacramento, CA, based Investment company Hanson McClain, Inc. buys iShares Core S&P Total U.S. Stock Market , SPDR Nuveen Bloomberg Barclays Short Term Municipa, iShares Core Aggressive Allocation, Voya Financial, Chevron, MetLife, SPDR S&P 500, Alexander & Baldwin, Colgate-Palmolive Co, Genworth Financial, sells iShares TIPS Bond, SPDR S&P Emerging Markets Small Cap, Vanguard REIT ETF - DNQ, Vanguard S&P 500, SPDR Gold Trust during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, Hanson McClain, Inc.. As of 2016-12-31, Hanson McClain, Inc. owns 693 stocks with a total value of $916 million. These are the details of the buys and sells. These are the top 5 holdings of Hanson McClain, Inc. 1- iShares Core U.S. Aggregate Bond (AGG) - 2,516,627 shares, 29.7% of the total portfolio. Shares added by 15.02% 2- Vanguard Total Stock Market (VTI) - 2,190,053 shares, 27.59% of the total portfolio. Shares added by 8.26% 3- Va

Crude oil down $0.82 or 1.52% The Crude oil futures contract is settling the day down $0.82% or 1.52% at $53.01.  The low reached $52.91. The high extended to $54.13.

Gold prices edged up on Monday on technical buying and a weaker dollar after mixed US jobs data late last week muted expectations for near-term interest rate hikes.Spot gold had gained 0.3 per cent to $1,223 per ounce by 0300 GMT. US gold futures rose 0.4 per cent to $1,225.10 per ounce. US jobs growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the administration under President Donald Trump both a head start and a challenge as it seeks to boost the economy. The dollar Index was down 0.2 per cent at 99.723.“Gold is pointing to push higher from all fronts on charts," said Brian Lan, managing director at gold dealer Gold Silver Central in Singapore. “Gold should be testing $1,225 today and the next resistance level would be around $1,230.” Spot gold may rise towards resistance at $1,249 per ounce, as it has managed to stand above resistance at $1,219, according to Reuters technical analyst Wang T

Stock markets seemed to give a resounding thumbs-up to Both the Sensex and  Nifty rose steadily as Jaitley's speech progressed in the Lok Sabha, and registered gains of around 1 percent by the time he finished.When Jaitley took his seat after finishing his speech, the Sensex was more than 300 points up and the Nifty was up by 80. Both indices seemed to show no signs of slowing their rise. The Sensex and Nifty had opened in the green, and had flattened into a tight band around Tuesday's closing. The appreciating 24 paise, to Rs 67.63 to the dollar. The 30- stock BSE benchmark Sensex had lost 226 points in the two trading days before the Budget speech.The positive performance of both key indices was reflected across the breadth of the markets, in the smallcap and midcap indices as well. This also broadly applied to a majority of the sectors. Gold prices fell on Wednesday morning, with futures contracting by Rs 87, to Rs 28,705 per 10 grams. Visit - http://www.profitst

NEW DELHI: With the second tranche of CPSE EFT receiving good response from public, the government is likely to use the vehicle to carry on with its disinvestment programme in FY18, the Finance Minister said in the Union Budget for FY18.  “A new ETF with diversified CPSE stocks and other government holdings will be launched in 2017-18,” the Budget note said. The response to the recent Further Fund Offering (FFO) was ‘overwhelming’ and the government is keen to use ETF as a vehicle for further disinvestment of shares, the Budget note suggested.  “The disinvestment policy announced by me in the last budget will continue,” the FM said. The disinvestment target for FY18 is set at Rs 72,500 croreagainst Rs 56,500 crore set for FY17. The FY17 target was 2.2 times of what the government actually managed to garner, on an average, in the past six years.  The Budget note underlined the need to strengthen CPSEs through consolidation, mergers and acquisitions. “By these methods, the