Profit street blog | stock and commodity market news

नई दिल्ली। वस्तु एवं सेवा कर (जीएसटी) लागू होने से कुछ दिन पहले केंद्र सरकार ने जीएसटी कानून की कई धाराओं और नियमों की अधिसूचना जारी कर दी है।इन नियमों के तहत परोक्ष करों के मौजूदा असेसी को जीएसटी के लिए पंजीकरण कराना अनिवार्य होगा। देश में जीएसटी को एक जुलाई से लागू किया जा रहा है।इसके प्रभाव में आने के बाद केंद्रीय उत्पाद शुल्क, सेवा कर और राज्यों के वैट जैसे कई परोक्ष कर समाप्त हो जाएंगे। वित्त मंत्रालय ने जीएसटी कानून की 18 धाराओं को अधिसूचित कर दिया है। ये धाराएं केंद्रीय उत्पाद शुल्क, सेवा कर और वैट के मौजूदा असेसी के जीएसटी में पंजीकरण तथा ट्रांजिशनल रूल्स से संबंधित हैं।केंद्रीय उत्पाद एवं सीमा शुल्क बोर्ड ने पंजीकरण और कंपोजीशन लेवी से संबंधित दो नियमों को भी जारी कर दिया है। सभी अधिसूचनाएं 22 जून से प्रभावी होंगी।सालाना 20 लाख रुपये से अधिक का कारोबार करने वाले प्रत्येक व्यापारी या कंपनी को जीएसटी के लिए पंजीकरण कराना होगा।जीएसटी के लिए पंजीकरण होने से कारोबारियों को बिना किसी परेशानी के इनपुट टैक्स क्रेडिट मिल सकेगा। सरकार ने जीएसटी के कॉमन पोर्टल को भी अध

The Australian share market opened in the red, dragged down by the big four banks and the energy sector as oil prices fell to a seven month low. At 10.40am (AEST), the benchmark S & P/ASX200 index was down 6.7 points, or 0.12 per cent, at 5,798.5, while the broader All Ordinaries index was down 5 points, or 0.09 per cent, at 5,830.5. CommSec market analyst Steven Daghlian says today’s softer start was “no huge surprise” with energy stocks down on the back of a 1.1 per cent drop in oil prices in the US overnight. “That is a major drag on all the big names,” Mr Daghlian said. Santos, Woodside Petroleum and Oil Search were among the worst performers, down between 0.69 per cent and 1.48 per cent at 10.40am (AEST). Mr Daghlian said the financial sector was another main player holding back the market following the release of Moody’s credit ratings cut announced after yesterday’s market close. “This is the first opportunity for them to react to that and also the bank levy whi

Indian shares edged higher on Tuesday after a flat opening. The Sensex gained nearly 75 points while Nifty added nearly 20 points to reach 9,636.85. Meanwhile, Asian shares mostly rebounded on Tuesday despite a further slide in U.S. tech shares. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, recouping about half of the previous session's losses as regional tech shares regained their composure. Overnight, tech giants including Apple, Alphabet, Facebook and Microsoft were sold for the second consecutive day on Monday dragging the Nasdaq 0.5 per cent lower.  Buy Rural Electrification Corporation at current market price for a target of Rs. 202 with stop loss at Rs. 188. Buy BEML at current market price for target of Rs. 1,350 and stop loss of Rs. 1,275 Contact us: - +91-9913158794 Or visit:- http://www.profitstreet.in/ Mail us at:-  info@profitstreet.in

Benchmark sensitive index Sensex used to be among the many prime performing indices globally right through could, and this momentum is anticipated to continue within the subsequent two- three years, says a document. The one month return of S&P BSE Sensex stood at three.9 %, while for South Korea's Kospi it stood as excessive as 6.1 percent, for FTSE it was at four.1 p.c and Hong Kong's HangSeng at 4 percent, the analysis note with the aid of ICICI Prudential AMC stated. Returns of the benchmark index are absolute returns calculated between April 30 to could 31, 2017. "From a worldwide context, India stands out for 3 reasons - secure macros, prudent fiscal and monetary policies, and gradual however constant percent of reforms," the document said and added that with the implementation of products and products and services Tax (GST), there is enormous expectation of the tax base rising and a bigger part of the financial system coming under taxation.

Following are the top 5 stocks to watch out for on Friday, 9 June 2017. PNB Housing Finance : The stock on Thursday surged 6% to Rs 1,559 per share, thereby extending its previous day’s 6% surge on the BSE. The Reserve bank of India (RBI) decreased risk weight assigned to residence loans lent on or after June 7. BPCL, HPCL, IOC: Oil firms will begin revising petrol and diesel costs every day all through the u . s . from June sixteen to align the prices with global rates. presently, revision each day is being held in 5 cities of Puducherry, Visakhapatnam, Udaipur, Jamshedpur and Chandigarh. PSU Banks: Capital necessities of Indian PSU banks are going to be highlighted further as they'll require complying with the Basel-III norms. consistent with Moody's estimates, these lenders could require about Rs 70,000 to Rs ninety five,000 crore over the following two to three years. Coal India: the corporate plans to close 37 underground mines through the end of this f

The rupee depreciated via 6 paise to sixty four.39 towards the united states greenback in early trade on Thursday at the Forex market on elevated demand for the American foreign money from importers and banks. along with, buck's good points against its competitors overseas additionally weakened sentiment locally. however, the next opening within the domestic fairness market capped the losses to some extent. On Wednesday, the rupee had ended 10 paise up at virtually three-week high of 64.33 towards the greenback after the Reserve financial institution diminished its inflation forecast while keeping the policy charges unchanged. meanwhile, the benchmark Sensex rose eighty three.23 points, or 0.26 per cent, to 31,354.fifty one in early change. VISIT - Profit Street

The INDIA VIX is down 1.2% at 10.9. The S&P BSE Sensex is trading at 31292 up 102 factors, whereas NSE Nifty is trading at 9661 up 24 factors. The BSE Healthcare is the highest gaining index in the morning session on Wednesday. it is up through zero.6% at 13895. Cadila Healthcare is contributing majorly to the index beneficial properties and lifting it to greater ranges. Cadila Healthcare is up 9.2% at Rs 535.eighty five per share. different stocks within the index corresponding to Vivimed Labs is up with the aid of 7% at Rs 112.forty per share, Bliss GVS Pharma is up with the aid of 2.eight% at Rs 165.25 per share, Suven life Sciences is up via 2.6% at Rs 189.95 per share, Natco Pharma is up via 2% at Rs 987.90 per share and Glenmark Pharmaceutical is also buying and selling up with the aid of 1.4% at Rs 651 per share. Glaxo, Ajanta Pharma, Lyka Labs and Pfizer are some shares which might be trading in the pink territory from the index. in the meantime, ICICI

Mumbai: Stock markets came off their peak and turned weak early Monday on emergence of profit-booking after recent rally amid mixed Asian cues.The 30-share Sensex, which had gained 135.70 points to close at record high at 31,273.29 on Friday's trade, slipped by 40.64 points, or 0.12 percent, to 31,232.65 with sectoral indices like FMCG, Metal and IT trading in the negative zone, falling by up to 0.27 percent. On similar lines, the NSE Nifty retreated from life-time high as it succumbed to profit-booking to quote 11.75 points lower, or 0.12 percent, at 9,641.75. It had closed at an all-time high of 9,653.50 on Friday.Brokers said that the emergence of profit booking by participants at record levels amid mixed trend at other Asian bourses kept sentiments down. A lacklustre US jobs report and London terrorist attack on Sunday also weighed on the sentiments. Among Sensex-30 constituents, major losers were ITC, Coal India, Lupin, Wipro, HDFC Ltd and HDFC Bank, falling by up to

In the quarter ended March 2017, Adani Power Ltd reported net loss if Rs. 4,960 crore against profit of Rs. 1,012 crore.Shares of Adani Power jumped as much as 2 per cent to hit intraday high of Rs. 27.50 after the company post market hours on Thursday informed stock exchanges that its board of directors will meet on June 6 to discuss slump sale of its Mundra Power Generating Business Undertaking to its subsidiary company. Adani Power in a notification to exchanges said, "the Board of Directors of the Company is scheduled to be held on 6th June, 2017 to consider and evaluate, among others, the Slump Sale of its Mundra Power Generating Business Undertaking to its subsidiary company, namely, Adani Power (Mundra) Limited. " Slump Sale is a transfer of one or more undertakings of an entity for a lump sum consideration, without values being assigned to the individual assets of the entity.  In the quarter ended March 2017, Adani Power Ltd reported net loss if Rs. 4,960 cr

Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 242 The global research firm said that the company’s Q4 beat and new launches will drive growth going forward. It observed that it has a balanced portfolio of rental and development projects with good scale up potentials. The margin too is expanding on the back of cost reductions and sales recovery, but the debt may increase marginally to 1.15 times from 1.11 times in FY17. Key risks to the stock include blocked capital in hotel assets and stretched balance sheet. Brokerage: CLSA | Rating: Buy | Target: Rs 318 The brokerage observed that the company’s results were above estimates on better revenues. It said that the leasing build-out was steady and expects 20 percent lease income growth in FY18. Furthermore, it said that restructuring was nearing completion stage as well. United Spirits Brokerage: Macquarie | Rating: Underperform | Target: Rs 1,600 The brokerage firm observed that March quarter’s gros