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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...

Gold prices edged up on Friday and were on track for their biggest weekly gain since mid-April as the dollar eased amid lingering political turbulence in the United States.In the previous session, the metal snapped a five-day rally and slipped 1.1 percent on profit-taking, its biggest one-day percentage drop since May 3. "The gold rally was overdone and there was a correction on Thursday. But perhaps, it came down a little too much from the highs of yesterday. So people started to pick up again," said Brian Lan, managing director at gold dealer GoldSilver Central in Singapore. "People are still wary of geo-political risks and not selling the safe-haven asset yet."Spot gold was up 0.4 percent at USD 1,250.96 per ounce, as of 0819 GMT. It climbed 1.9 percent for the week and is set for its biggest weekly rise in five.US gold futures slipped 0.1 percent to USD 1,251.10 an ounce. The dollar index, which measures the greenback against a basket of six major ...

After rising for three days, gold prices softened by Rs 30 on Tuesday to Rs 28,600 per 10 grams at the bullion market here due to fall in demand from local jewellers even as the metal strengthened overseas, helping cap a further decline. New Delhi: After rising for three days, gold prices softened by Rs 30 on Tuesday to Rs 28,600 per 10 grams at the bullion market here due to fall in demand from local jewellers even as the metal strengthened overseas, helping cap a further decline. Silver, however, gained Rs 400 to Rs 38,900 per kg due to increased offtake by industrial units and coin makers.Marketmen said easing demand from local jewellers and retailers at existing levels weighed on gold prices but a firm trend overseas capped the fall.Globally, gold rose 0.32 percent to USD 1,234.30 an ounce. Silver too traded 0.60 percent higher at USD 16.70 an ounce in Singapore. In the national capital, gold of 99.9 and 99.5 percent purity fell by Rs 30 each to Rs 28,600 and Rs 28,450 ...

Commodities, both agri and non-agri, witnessed a slump in prices this week. In the agri commodity basket, coriander suffered the most, while in the non-agri category prices of crude oil, gold, copper and nickel slipped significantly.  Crude oil prices have been in a falling territory since past few weeks as prices have declined by around 3.2 per cent since 19th April- 1st May 2017, while MCX oil prices have declined by 4.5 percent in the same time frame. Fading geo-political tension between US and Syria and US and North Korea and increasing oil inventories in the US have resulted in a drop in prices.  "We have noticed fall in all the risk assets including oil as market sentiments remains weak across the globe. Linkage international prices and domestic prices will not change any basic fundamentals, except the adaptation of price behaviour linked to markets. Oil inventories have to fall constantly, which can only happen if the summer driving season starts with a bang ...

Indian equity , forex, money and commodity markets will remain closed today on account of Labour Day/Maharashtra Day.The benchmark indices on Friday settled lower as investors booked profits in index heavyweights such as ITC and HDFC ahead of a long weekend, but posted their biggest weekly gain in six weeks. The S&P BSE Sensex ended at 29,918 down 111 points, while the broader Nifty50 closed at 9,304, down 38 points.  In the broder market, the S&P BSE Midcap and S&P BSE Smallcap indices outperformed to gain 0.2% and 0.6%, respectively.Asian stocks shook off a sluggish start and steadied on Monday, with Japan outperforming on upbeat earnings, while the dollar regained traction as the US government looked likely to avoid a shutdown. MSCI's broadest index of Asia-Pacific shares outside Japan was largely flat. Japan's Nikkei added 0.4%, with high-tech blue chips gaining on strong earnings.Many markets in Asia and Europe are also closed for Labour Day. ...

Akshaya Tritiya, which falls on the coming Friday, is considered an auspicious day to buy the precious metal and this year we might witness a spurt in gold demand. The waning effect of demonetisation coupled with the recent strength of the rupee has made the asset class look attractive. But before taking the decision, it is worth considering the factors that might impact gold prices in the future as a large part of this incremental purchase is likely to be from the perspective of investment rather than consumption. The return on gold investment for Indians would be a function of two broad factors – the movement of gold prices in the international market and the behaviour of Indian currency vis-a-vis the US Dollar. How did gold fare in 2016? After the stellar run in the first half of 2016, gold failed to hold on to the gains in the second half and ended the year with a point to point gains of 8 percent in prices. Volume growth was even more tepid, growing at 2 percent. ...

Gold costs rose reasonably on Friday as buyers awaited the primary-round of vote casting within the presidential French election on the weekend and imaginable bulletins about tax adjustments in the U.S.. Gold prices rose rather on Friday as investors awaited the first-spherical of vote casting in the presidential French election on the weekend and imaginable bulletins about tax adjustments in the U.S.. Spot gold was up zero.three p.c at $1,284.sixty two an oz. by 2:30 p.m. EDT (1830 GMT), on course to shut the week little changed after 5 straight weeks greater. U.S. gold futures settled up 0.four p.c at $1,289.10. “the big information over the weekend would be the French election and the market will likely be to an extent on cling beforehand of that,” said Mitsubishi commodities analyst Jonathan Butler. There used to be attainable for safe-haven buying of gold after France said safety forces were fully mobilized for the weekend vote after an Islamist militant killed a policem...

Silver prices went up by way of Rs 296 to Rs 42,498 per kg in futures trading today as members widened their positions, monitoring a firm pattern in world markets. at the Multi Commodity alternate, silver for supply in may just used to be trading greater via Rs 296, or zero.70 per cent, to Rs forty two,498 per kg, in a trade turnover of 746 rather a lot. in a similar fashion, the white metal for delivery in a long way-month July used to be up by using Rs 268, or zero.sixty three per cent, to Rs 42,953 per kg in 29 lots. Analysts enlarged their positions in tandem with a firming trend in international markets where silver has rallied as endured geo-political tensions raised the metals appeal as a secure haven, influenced silver futures here. Globally, silver rose zero.seventy one per cent to USD 18.46 an oz. in the big apple the previous day. PTI sun KPS ADI MR VISIT - Profir street

The month of April has been nothing short of thrilling for retail traders on D-side road as widely tracked Nifty hit a recent lifetimes highs. The index which has been making record highs for the reason that March rose to a recent lifetime excessive of 9,273.ninety on April 5 remaining week. The index which has given a little bit over 12 p.c return to this point in the year 2017 is fast approaching crucial resistance levels which could put brakes on the up to date up move. The liquidity pushed rally has already pushed many small and midcap shares to report highs with stretched valuations. the problem with liquidity is that it drives valuation upwards without any subject matter trade in common fundamentals of the company. it's important for lengthy-term traders to select the appropriate stock at an even price to make chance-to-reward ratio more beneficial in the long run. We spoke to various analysts on how can investors’ maximise their return by way of warding off thes...

The rally in base steel prices in the last two days when costs elevated 4-5% may not sustain for long though the larger endure cycle appears to have reversed, analysts say. They predict broader consolidation in metals to continue. “The more or less rally viewed in ultimate two days is just not anticipated to increase for lengthy as it has been constructed primarily on two components ­ China resuming trading on Wednesday after a short destroy, and secondly the expectations of sure talks between US president Donald Trump and chinese president Xi Jinping," said Himanshu Gupta, chief market strategist at Karvy Commodities. Nickel costs have long gone up by 5% in ultimate couple of sessions to touch Rs 670 per kg whereas copper prices have long past up by means of 4.05% right through the same period. Aluminium continues to stay robust and has preferred 8% since the starting of the year. Kishore Narne, head of commodity and currency at Motilal OswalBSE 0.14 % Commodities, said ...

Nickel futures upward thrust 0.36% as demand picks up Nickel costs received zero.36 per cent to Rs 639.forty per kg in futures change these days as speculators constructed up positions, supported via rising demand from alloy-makers in the spot market whilst base metals retreated in a foreign country. at the Multi Commodity alternate, nickel for delivery in current month moved up through Rs 2.30, or zero.36 per cent, to Rs 639.40 per kg in a business turnover of 466 rather a lot. in a similar fashion, the metal for delivery in April traded higher via Rs 2, or 0.31 per cent, to Rs 646.20 per kg in a trade turnover of 57 a lot. Analysts mentioned speculators enlarged positions on a firming pattern at the home spot markets on higher demand from ingesting industries, which mainly influenced nickel costs in futures alternate. Copper futures down marginally on global cues Copper futures traded 0.08 per cent lower at Rs 382.75 today on speculators reducing their positi...

बाजार के जाने - माने जानकार अजय बग्गा का कहना है कि लगातार तेजी के बाद अब थोड़ा ठहराव नजर आ रहा है , और इससे चिंतित होने की जरूरत नहीं है। बाजार में कंसोलिडेशन होना भी बेहद जरूरी है। इकोनॉमी बढ़ रही है और घरेलू बाजारों में एफआईआई की ओर से जमकर खरीदारी देखने को मिल रही है , ऐसे में आगे तेजी जरूर आएगी। लिहाजा बाजार में आने वाली कुछ दिनों की गिरावट से घबराने की जरूरत नहीं है। अजय बग्गा के मुताबिक आने वाले दिनों में बाजार के फंडामेंटल और एफआईआई निवेश में कोई तब्दील होती नजर नहीं आ रही है। एशियाई बाजारों में ताइवान और कोरिया के अलावा भारतीय बाजारों में एफआईआई निवेश बढ़ रहा है। अगले 2-3 महीनों तक एफआईआई निवेश के इस रुख में कोई बदलाव की गुंजाइश नजर नहीं आ रही है। अजय बग्गा ने कहा कि एशिया में बढ़ रही राजनीतिक स्थिरता से बाजार को ज्यादा घबराने की जरूरत नहीं है। अभी भले ही घरेलू संस्थागत निवेशकों ने बिकवाली का रुख कि...

Gold prices holding range as FOMC rate decision nears Status-quo Fed may punish US Dollar, send gold prices higher Crude oil prices seesaw on Saudi output boost, API data –  Gold  prices edged lower as the US Dollar recovered from  post-NFP losses  but remained well within their near-term range. Traders were probably reluctant to commit to significant trend progression ahead of the upcoming  FOMC policy announcement . The priced-in probability of a rate hike implied in Fed funds futures stands at 100 percent. This means the increase itself may have limited market-moving potential, putting the spotlight on a revised set of economic and rate path projections as well as a press conference with Chair Yellen. US economic conditions have been relatively stable since the beginning of the year. Furthermore, Fed officials continue to operate in an environment marred by considerable fiscal policy uncertainty. On balance, this suggests they will opt against majo...

अमेरिका में ब्याज दरें बढ़ने के बाद डॉलर 1 महीने के निचले स्तर पर लुढ़क गया है। लेकिन ऐसे में ग्लोबल मार्केट में सोने का दाम उछल गया है। कॉमैक्स पर सोना फिलहाल 1225 डॉलर पर कारोबार कर रहा है जो पिछले 1 हफ्ते का ऊपरी स्तर पर है। चांदी में भी जोरदार तेजी आई है। गौर करने वाली बात ये है कि फेड का फैसला कल घरेलू कमोडिटी बाजार बंद होने के बाद आया था, ऐसे में ग्लोबल मार्केट में आई तेजी का असर आज देखने को मिल सकता है। इस बीच अमेरिका में भंडार गिरने से कच्चे तेल में तेजी का रुख है और ग्लोबल मार्केट में क्रूड करीब 0.5 फीसदी ऊपर कारोबार कर रहा है। नायमैक्स क्रूड 49 डॉलर और ब्रेंट 52 डॉलर के पार हैं। लंदन मेटल एक्सचेंज पर कॉपर भी करीब 1 हफ़्ते के ऊपरी स्तर पर चला गया है। साथ ही डॉलर में आई गिरावट से अमेरिका में सोयाबीन में भी बढ़त पर कारोबार हो रहा है। हालांकि कमजोर डॉलर से रुपये को सपोर्ट मिला है और ये 16 महीने के ऊपरी स्तर पर चला गया है। एमसीएक्स पर सोना 1.4 फीसदी की बढ़त के साथ 28380 रुपये के आसपास दिख रहा है जबकि चांदी 2.2 फीसदी के उछाल के साथ 40945 रुपये के आसपास कारोबार कर रही है। ...

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Equity Broking has come out with its report on currency. According to the research firm, one can buy USDINR in the range of 66.80 with SL of 66.55 for the target of 67.35 levels. Choice Equity Broking's report on Currency The pair has been trading in falling channel pattern from past few weeks and price has taken the support of its lower band of channel pattern at 66.70 levels on the hourly chart. Moreover, prices have been trading above its 21 HSMA which gives the sign of bullishness in the prices.  A momentum indicator RSI has taken support at 30 levels, which suggest further positive momentum can be seen in the prices. In addition, momentum indicator MACD has shown positive crossover and moving above its signal line on an hourly chart. So for trading perspective, one can buy USDINR in the range of 66.80 with SL of 66.55 for the target of 67.35 levels. Outlook So for trading perspective, one can buy USDINR in the range of 66.80 with SL of 66.55 for the target of 67.35 l...

कल 5 फीसदी की भारी गिरावट के बाद कच्चे तेल में आज रिकवरी लौटी है और ब्रेंट का दाम करीब 1 फीसदी सुधर गया है। हालांकि बढ़त के बावजूद नायमैक्स पर क्रूड 51 डॉलर के नीचे है। दरअसल डॉलर में बढ़त और अमेरिका में कच्चे तेल का भंडार बढ़ने से इसकी कीमतों पर दबाव बढ़ गया था। फिलहाल ये 3 महीने के निचले स्तर के पास है। डॉलर में बढ़त का असर सोने पर भी दिखा है और ग्लोबल मार्केट में सोना करीब 1.5 महीने के निचले स्तर पर आ गया है। फिलहाल इसमें 1205 डॉलर के आसपास कारोबार हो रहा है। चांदी का भाव भी काफी ज्यादा टूट चुका है। दरअसल कल अमेरिका में नॉन फार्म पेरोल डाटा जारी होगा। माना जा रहा है कि अगर डाटा अच्छा रहा तो यूएस फेड इस महीने ब्याज दरें बढ़ा सकता है। घरेलू बाजार की बात करें तो एमसीएक्स पर कच्चा तेल 1.1 फीसदी की कमजोरी के साथ 3390 रुपये के नीचे आ गया है वहीं नैचुरल गैस 1.1 फीसदी की गिरावट के साथ 195 रुपये के आसपास कारोबार कर रहा है। एमसीएक्स पर सोना 0.3 फीसदी की गिरावट के साथ 28530 रुपये के करीब आ गया है जबकि चांदी 0.3 फीसदी टूटकर 41310 रुपये के आसपास कारोबार कर रही है। बेस मेटल्स की बात करे...

"The bank is open to selling its stake in the firm. We have not decided on the amount or time of the stake sale," MD, Usha Ananthasubramanian told the newspaper.  Punjab National Bank (PNB) is looking to sell 7 percent of its stake in its mortgage arm PNB Housing Finance . Two officials familiar with the development told the Economic Times that the public sector bank has received interest from some players and private equity investors.           "The bank is open to selling its stake in the firm. We have not decided on the amount or time of the stake sale," MD, Usha Ananthasubramanian told the newspaper. PNB currently holds a 39 percent stake in the housing finance company. At yesterday's closing price, 7 percent stake on PNB Housing Finance could fetch around Rs 1,200 crore. "We have had some early discussions.              There is a lot of interest as PNB Housing has a great portfolio...