OIL PRICES RISE
US stock futures edge higher today: Dow, S&P 500, Nasdaq start the week in green as Wall Street bets on Fed cut and key inflation test
US stock futures edged higher today as Dow, S&P 500 and Nasdaq pointed to a green start for the week. Traders are betting on a September Fed rate cut after a weaker-than-expected jobs report, while gold hovered near $3,600 and treasury yields fell ahead of key inflation data.
European shares rise ahead of crucial French no-confidence vote
European shares edged higher on Monday in a buoyant start to an event-filled week that is likely to be dominated by political uncertainty in France, which is all but certain to start looking for its fifth prime minister in three years.
India's oil-demand growth set to outpace China, says Trafigura Group
India's oil demand is expected to surpass China's this year. This excludes China's strategic stockpiling. Urbanization and rising incomes are driving India's growth. China's crude consumption is slowing, except in petrochemicals. China's stockpiling supports global crude prices. Experts question if future demand can absorb increasing oil supply.
GIFT Nifty up 80 points; here's the trading setup for today's session
Equity indices remained flat, buoyed by positive global cues and auto stock purchases. Despite global trade uncertainties, a simplified GST framework and strong domestic macros are expected to support market momentum. Technically, the Nifty may rise towards 25,150-25,250 if it decisively surpasses 24,750, with support at 24,500.
Oil prices climb as OPEC+ agrees to raise output at slower pace from October
Oil prices saw a slight increase in early trading following OPEC+'s decision to moderately raise output from October, a response to anticipated weaker global demand. This decision, while surprising given potential winter oversupply, contrasts with larger previous monthly increases. Market sentiment is also influenced by potential U.S. sanctions on Russia and ongoing geopolitical tensions, including Russia's intensified attacks on Ukraine.
Dividend yield: Stock traders can use it differently to distinguish between the probability & possibility of making money
Dividend yield is not just an investor’s tool. At certain points in the market, it becomes just as relevant – sometimes even more so – for traders. Yes, traders. Now, why would dividend yield, of all things, act like a support line? The explanation lies in market memory and psychology. Around a certain level of dividend yield, value-oriented funds begin to step in because the price suddenly offers the comfort of an income stock. Momentum traders see valuation support and a floor building underneath the price. Options desks recalibrate, as downside looks limited and covered calls turn attractive. Each group is reacting to its own cues, but collectively they create the reflexive bounce that turns weakness into opportunity for traders.
Onam, Ganesh Chaturthi drive coconut prices to new highs
Across South India, coconut prices have surged from Rs 15-25 to Rs 80-100 due to pandemic-induced supply chain disruptions, climate change impacts, and pest infestations. Neglect of plantations and reduced yields have exacerbated the shortage, impacting copra, oil, and fresh nut availability. Despite being the largest producer, India faces a global crisis affecting prices and supply.
5 world market themes for the week ahead
Global markets brace for a week of pivotal economic data from the U.S., China, and Japan, alongside key central bank meetings. Investors are keenly awaiting the U.S. inflation report, influencing potential Federal Reserve rate cuts. Political uncertainties in France and Norway add to the market's cautious sentiment.
Buy, Sell or Hold: Nuvama recommends buy on NALCO; sees over 30% upside on Inox Wind
Antique remains upbeat on Nalco, citing strong demand prospects and capacity growth, while Nuvama is optimistic on Inox Wind, highlighting its restructuring efforts, healthy order book, and role as a fully integrated renewable energy player.
GIFT Nifty up 60 points; here's the trading setup for today's session
Equities closed slightly higher following the GST Council's approval of a simplified tax structure, expected to boost consumer demand and corporate earnings ahead of the festive season. Technically, a Nifty move above 24,750 could lead to further gains, while failure to sustain this level may trigger selling pressure. FIIs were net sellers, while DIIs were net buyers.
Rupee falls 12 paise to close at 88.14 against US dollar
The rupee fell 12 paise to close at 88.14 (provisional) against the US dollar on Thursday amid sustained foreign fund outflows and a stronger greenback.
Rupee falls 1 paisa to 88.03 against US dollar in early trade
The Indian Rupee experienced a slight dip against the US dollar, settling at 88.03. This occurred amidst foreign investment outflows and a strong dollar. However, GST rate cuts and lower oil prices cushioned the fall. The services sector showed strong growth. Sensex and Nifty saw gains. Foreign investors sold off equities. Market watchers anticipate a trading range for the rupee.
India's August palm oil imports surge 16% to 13-month high ahead of festive season
Higher imports of palm oil and soyoil lifted India's total edible oil imports in August by 3.6% to 1.6 million tons from a month earlier, the highest level in 13 months, according to dealers' estimates. The import figures exclude duty-free shipments that arrived via land borders from Nepal, they said.
US tariffs could reshape trade flows across all commodities; silver may outpace gold in coming months: Peter McGuire
Silver prices are soaring, reaching a 14-year peak. Strong industrial demand is fueling this surge. Expectations of a US Federal Reserve rate cut are also contributing. Experts predict silver could climb further. Gold remains robust, but silver is expected to outperform it. Trade flows may shift due to potential US tariffs.
Oil holds in tight range, rising output offsets Russia supply disruptions
Oil prices remained range-bound on Monday, influenced by concerns over increasing production and potential demand reduction due to U.S. tariffs, offsetting disruptions from intensified Russia-Ukraine conflict impacting Russian oil exports. Ukrainian President's vow to retaliate Russian strikes adds to the uncertainty. Market anticipates the upcoming OPEC+ meeting on September 7 for insights into potential output increases, while U.S.
Oil glut, strong ruble and sanctions wipe billions off Russia’s oil giants
Russian oil companies, including Rosneft, experienced a significant profit decline in the first half of the year. This downturn was attributed to lower crude prices, the strengthening ruble, and the impact of EU and US sanctions. The industry slump was further exacerbated by fears of a global oil glut and potential economic slowdown due to tariff policies.
Oil prices fall with expected low demand, upcoming supply boost
Oil prices declined as traders anticipated weaker U.S. demand after Labor Day and a potential supply increase from OPEC+ this autumn. Market sentiment was also influenced by uncertainty surrounding Russian supply and India's continued purchase of Russian oil despite U.S. pressure. While U.S. crude inventories showed strong draws, concerns linger about the impact of tariffs on future economic outlook.
Oil prices fall on demand concerns, but headed for weekly gain
Oil prices experienced a slight dip on Friday, yet they are poised to conclude the week with gains. This movement is influenced by anticipated lower U.S. demand as the summer driving season concludes, coupled with uncertainties surrounding Russian oil supply following Ukrainian attacks. Investors are also wary of potential tighter sanctions against Russia and the impact of U.S.
Crude oil prices could rise to $100 if India stops importing from Russia, warns CLSA
CLSA warns that crude oil prices may rise to $100 if India stops Russian imports. India currently imports 36% of its crude oil from Russia. The US has imposed tariffs on Indian exports due to this reliance. CLSA estimates India's benefit from discounted Russian crude is only $2.5 billion. A disruption could strand 1% of global oil supply.
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