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Profit Krishna

Equity and Commodity Advisory Services - F&O Tips, Intraday Tips, Commodity Tips, Stock Market Tips

PROFIT KRISHNA an ISO Certified equity and commodity advisory services is a dedicated website which provides research work for Equity, stock tips, intraday tips, Multibagger & Commodity markets of India. Our services are chiefly designed for Investors and Traders to provide most appropriate solution. We have a specialized team of stock market analysts and commodity investment experts who can provide profitable stock market tips including future & option trading tips, commodity trading tips, intraday trading tips, nifty tips, BSE NSE Tips and MCX NCDEX Tips. We keep on updating you with share market recommendations and accurate stock market tips through SMS, phone calls and online chatting on daily, weekly and monthly basis which can help you in earning unlimited profit out of your investment.

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* Disclaimer: These recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy and sell securities based on the above information in this column are solely responsible for their actions. The author won't be liable or responsible for any sort of financial and legal loses suffered by the traders.
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Thomas Cook launches array of special Autumn tours

Aug 20 2019 11:19PM

Thomas Cook India has launched an array of special Autumn tours. The company has observed that demand for holidays is no longer restricted to the traditional summer vacation. India’s new age travellers are displaying strong and growing appetite for travel during Autumn/Fall to enjoy nature at its best, with pleasant weather and the resplendent colours of autumn, giving the destination a distinctive appeal. 
Thomas Cook India’s air-inclusive Autumn group packages start from Rs 89,900 per person for a 7 day Europe tour (twin share basis). The destinations on offer include favourites like Switzerland, France, Italy, Germany, UK & Ireland, Czech Republic, Austria, Hungary, Scandinavia; also emerging options like New Zealand, Japan, South Korea, Canada and China.
Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.

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SpiceJet to shift entire Mumbai operations to Terminal 2

Aug 20 2019 11:18PM

SpiceJet is all set to shift its entire Mumbai operations to the state-of-the-art Terminal 2 of the city’s Chhatrapati Shivaji Maharaj International Airport with effect from October 01, 2019. The transition is being proactively planned and implemented by the airline with the active support of Mumbai International Airport (MIAL) to enhance passenger convenience. 
This would not just help SpiceJet substantially cut down its costs but provide their passengers a seamless and smooth travel experience as they transit between domestic and international flights at one of the country’s busiest airports.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.

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IHCL signs SeleQtions hotel in Rajasthan

Aug 20 2019 11:15PM

Indian Hotels Company (IHCL) has signed a new SeleQtions hotel through a management contract with Maker Chambers. It is the company’s eighth hotel in Jaipur in the state of Rajasthan. The hotel will comprise 116 well-furnished guest rooms, an all-day-diner, a specialty restaurant, a lounge, a bar, recreation facilities and modern meeting spaces. It is slated to open in the last quarter of 2021. 
Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, mid-market and value segments of the market.

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KEC International secures new orders worth Rs 845 crore

Aug 19 2019 11:00PM

KEC International has secured its first orders of Rs 845 crore in the emerging Regional Rapid Transit System (RRTS) and Metro sectors in India. Under RRTS, the company has secured an order for construction of elevated viaduct and stations of the Delhi -Meerut Regional Rapid Transit System (RRTS) corridor, from National Capital Region Transport Corporation (NCRTC) of Rs 580 crore. Under Metro, it has bagged an order for construction of viaduct along with stations for the Phase 1 extension of Kochi metro rail project, from Kochi Metro Rail (KMRL) of Rs 265 crore.
KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.

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Tech Mahindra’s CSR arm collaborates with Loomba Foundation

Aug 19 2019 10:58PM


Tech Mahindra’s Corporate Social Responsibility (CSR) arm -- Tech Mahindra Foundation (TMF) has collaborated with The Loomba Foundation - a United Nations (UN) accredited global charity supporting widows and their children. The collaboration will facilitate employment-oriented skill training for widows and their children in India with focus on Jammu, Kashmir and Ladakh.
TMF will support the training needs of the students selected by the Loomba Foundation at its state-of-the-art academies in digital technologies and healthcare.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.

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Nestle India launches cocoa-malt beverage ‘MILO’ in India

Aug 19 2019 10:56PM

Nestle India has launched world's no. 1 cocoa-malt beverage - MILO in India. MILO has a rich legacy, having nourished young champions around the world for more than 85 years by providing nutritious energy and the inspiration to grow with sports. Over 36 million serves of MILO are consumed daily in more than 50 countries across the world. The product is being manufactured at a state of the art factory in Singapore and is specifically tailored for the Indian consumer.
This launch further expands the MILO brand in India and is in line with the company’s unwavering promise to provide tastier and healthier products to valued consumers.
MILO is a nutritionally superior product is powered by ACTIV-GO, which contains PROTOMALT, a unique malt extract, and a specifically-designed combination of 9 essential micronutrients (vitamin B2, B3, B6, B12, C, D and important minerals calcium, iron, phosphorus) that support efficient energy release in the body.
Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.

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Sundaram-Clayton closes its Chennai plant for two days

Aug 17 2019 12:01AM

Sundaram-Clayton has declared August 16 and 17, 2019 as non-working days at its plant situated at Padi, Chennai, due to business slowdown across sectors. 
Sundaram-Clayton is one of the largest automotive components manufacturer in India. The product range of the company includes Crankcase, cylinder head, cylinder barrel and wheel hub castings for two wheelers.

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Info Edge to invest Rs 47 crore in Shop Kirana E Trading

Aug 17 2019 12:01AM

Info Edge (India) has entered into an agreement to invest, through its wholly-owned subsidiary, about Rs 47 crore in Shop Kirana E Trading. The company has agreed to acquire 2,333, 0.01% Compulsorily Convertible Preference Shares. The aggregate shareholding of the company, post this investment, in the said entity would be 25.36% on a fully converted & diluted basis.
Shop kirana is engaged in the business of developing a B2B ecommerce platform for ordering, delivery, payments and related products/services among various stakeholders in grocery/FMCG supply chain. As part of Info Edge’s strategic investments, the acquisition would help the company to consolidate its presence into the said line of business within the Internet Services Industry. 
Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.

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The rupee ended at 70.34, 10 paise stronger from its previous close of 70.44 on Tuesday

May 15 2019 11:35PM

Gaining for the second day, Indian rupee ended stronger against the US dollar on Wednesday, on continued selling of the US currency by banks and exporters. Traders took some solace with rating agency Crisil’s report that recovery of stressed assets through the Insolvency and Bankruptcy Code (IBC) was two-times at Rs 70,000 crore compared to that through other mechanisms in 2018-19 but resolution timelines for bad loans still remains an issue. However, late hour sell-off in domestic equity market along with dollar’s strength against major global currencies capped the gains. On the global front, euro held at a one-week low on Wednesday, ignoring data from Germany that showed the economy returned to growth in the first quarter, as trade tensions between the world’s two biggest economies cast a shadow over risk appetite.
Finally, the rupee ended at 70.34, 10 paise stronger from its previous close of 70.44 on Tuesday. The currency touched a high and low of 70.39 and 70.17 respectively. The reference rate for the dollar stood at 70.42 and for Euro stood at 79.15 on May 15, 2019. While the reference rate for the Yen stood at 64.25, the reference rate for the Great Britain Pound (GBP) stood at 91.21. 

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Total consolidated income of the company rose 22.43% at Rs 1,103.32 crore for quarter ended March 31, 2019

May 15 2019 11:34PM

Manappuram Finance has reported results for the fourth quarter and year ended March 31, 2019.  
The company has reported a rise of 27.98% in its net profit at Rs 213.57 crore for the quarter ended March 31, 2019 as compared to Rs 166.88 crore for the same quarter in the previous year. Total income of the company increased by 18.48% at Rs 892.57 crore for quarter under review as compared to Rs 753.36 crore for the quarter ended March 31, 2018.
On consolidated basis, the company has reported rise of 43.04% in its net profit at Rs 258.34 crore for the quarter ended March 31, 2019 as compared to Rs 180.61 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose 22.43% at Rs 1,103.32 crore for quarter under review as compared to Rs 901.21 crore for the same quarter ended previous year. 
For the year ended March 31, 2019, the company has posted a rise of 14.63% in its net profit at Rs 790.45crore as compared to Rs 689.59 crore for the previous year. Total income of company increased 16.05% at Rs 3,427.18 crore for year under review as compared to Rs 2,953.30 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 37.40% in its net profit at Rs 929.48 crore as compared to Rs 676.48 crore for the previous year. Total income of company increased by 20.11% at Rs 4,178.83 crore for year under review as compared to Rs 3,479.19crore for year ended March 31, 2018.

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BJP launches 'knock the door' campaign in Varanasi

May 14 2019 10:11PM

'Knock the door is the BJP campaign in Varanasi in Uttar Pradesh. The Bharatiya Janata Party (BJP) workers have been directed to knock on every door and seek votes for PM Narendra Modi and urge people to cast their votes on the polling day. This campaign has been initiated to ensure a high percentage of polling in the Prime Minister's constituency on May 19. Over 10,000 BJP leaders and workers from Gujarat, Madhya Pradesh and Delhi have arrived in Varanasi to help in the campaign. A local BJP leader has said that 'Our workers will visit every home in Varanasi with voters' slip and convince people to cast their votes. People usually become complacent when they know that their candidate - PM Narendra Modi in this case - is winning but we are working for a much bigger margin of victory for the Prime Minister'.
The campaign has been started at the behest of BJP President Amit Shah who will be monitoring its progress every day till the campaign ends. Every party worker has been entrusted the responsibility of visiting ten homes. The workers will be required to furnish details of the homes they visit at the party office.
The campaign has been launched even as Congress leaders are making hectic preparations for the scheduled roadshow of Congress General Secretary Priyanka Gandhi on May 15. The BJP workers will follow a similar campaign in the neighboring Chandauli constituency where state BJP President Mahendra Nath Pandey is contesting. He is facing a tough challenge from the SP-BSP alliance candidate Sanjay Chauhan.





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Allahabad Bank revises MCLRs by 5 bps for all tenors

May 14 2019 10:11PM

Allahabad Bank has reviewed the existing Marginal Cost of Funds Based Lending Rates (MCLRs) and decided for a downward revision of MCLR by 5 basis points (bps) for all the tenors. With this, one year MCLR of the Bank now stands at 8.60% per annum (p.a.),
The Bank has also decreased the overnight, 1 month, 3 month and 6 month MCLR to 8.10% p.a., 8.20% p.a., 8.40% p.a. and 8.45% p.a. respectively. The aforesaid revised rates will be effective from May 14, 2019.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.

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Call rates edge higher on Tuesday

May 14 2019 10:11PM

Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading higher at 5.95% from its previous close of 5.92% on Monday as demand remained on the higher side in the first week reporting cycle.
The overnight borrowing rates touched a high and low of 6.05% and 4.50% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 5.90% on Tuesday and total volume stood at Rs 50375.57 crore, so far.
As per CCIL data, WAR in the TREP (Triparty Repo) market was 5.84% on Tuesday total volume stood at Rs 141195.65 crore, so far.
The indicative call rates which closed at 5.92% on Monday, were contributions made from Andhra Bank, AXIS Bank, Bank of America, Bank of Baroda, Bank of India, Canara Bank, J P Morgan Chase, Citibank N.A., Corporation Bank, Credit Agricole Bank, Indusind Bank, ICICI Bank, ICICI Securities, IDBI Bank, Jammu and Kashmir Bank, Punjab National Bank, RBS, Societe Generale, Standard Chartered, so far.

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Board of Cyient deliberates on buyback of shares

Jan 17 2019 8:20PM

The Board of Cyient at its meeting held on 17 January 2019 has decided that further deliberations are required in order to take a decision on the proposal of buyback, and accordingly decided to take up the discussion regarding the buyback at a later date. The Company shall comply with SEBI LODR Regulations and other applicable laws in this regard.

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Wipro Gallagher Solutions Launches NetOxygen Saas for Loan Origination

May 21 2018 8:27PM

Wipro Gallagher Solutions, a Wipro company announced the launch of its NetOxygen Saas loan origination solution for mortgage lenders.
NetOxygen Saas brings the power of NetOxygen, an enterprise class loan origination system that helps lenders reduce origination costs and boost production efficiency through automation. NetOxygen connects to a front end portal and fintech offerings thus providing seamless interactions to improve borrower experience. NetOxygen Saas enables quicker deployment and scalability to match business growth with an all-inclusive, per transaction pricing, which is based on business outcomes.
NetOxygen Saas provides comprehensive product coverage across mortgage, home equity, HELOC (home equity line of credit) and unsecured credit lines origination. The platform integrates an extensive vendor ecosystem which provides multiple options for standard services like credit, appraisals, fraud checks, etc. NetOxygen Saas supports retail, correspondent and wholesale markets, and also enables niche offerings like construction lending for one close, multiple close, homestyle renovation and FHA construction.

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Phoenix Mills allots 10,000 equity shares

Apr 25 2018 12:58PM

Phoenix Mills has allotted 10,000 equity shares of Rs. 2/- each fully paid-up at an exercise price of Rs. 333.90/- per share to the grantees upon exercise of stock options pursuant to The Phoenix Mills Employees Stock Option Plan 2007.
Consequent upon allotment of the above shares, the equity share capital of the Company stand increased from present level of 15,31,70,351 (Nos.) to 15,31,80,351 (Nos.) equity shares of Rs. 2/- each.

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The scheme opens for subscription on August 20, 2019 and closes on August 26, 2019

Aug 20 2019 11:21PM


SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 17 (1116 Days), a close ended debt scheme. The NFO opens for subscription on August 20, 2019 and closes on August 26, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Medium Term Debt index and its fund manager is Ranjana Gupta.
The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

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Baroda Mutual Fund files offer document for Banking & PSU Bond Fund

Aug 20 2019 11:20PM

Baroda Mutual Fund has filed offer document with SEBI to launch open ended equity scheme named ‘Baroda Banking & PSU Bond Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by CRISIL Short Term Bond Fund Index. The minimum application amount for initial purchase is Rs 5,000 and Re 1 thereafter.
The investment objective of the scheme is to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions and Municipal Bonds.

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Sundaram MF introduces Equity Fund

Aug 19 2019 11:03PM

Sundaram Mutual Fund (MF) has launched the Sundaram Equity Fund, an open ended equity scheme. The NFO opens for subscription on August 16, 2019 and closes on August 30, 2019. Entry load is nil and Exit load will be 1%, for redemption within 12 months from the date of allotment and Exit load will be nil, for redemption on or after 12 months from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against S&P BSE 500 TRI Index and its fund managers are Krishnakumar S, S.Bharath, Dwijendra Srivastava and Rohit Seksaria.
The investment objective of the scheme is to generate capital appreciation by investing in a diversified portfolio of equity & equity related instruments across market capitalization.

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Tata MF introduces Nifty Private Bank Exchange Traded Fund

Aug 19 2019 11:02PM

Tata Mutual Fund (MF) has launched the Tata Nifty Private Bank Exchange Traded Fund, an open-ended exchange traded fund scheme. The NFO opens for subscription on August 16, 2019 and closes on August 29, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against Nifty Private Bank Index (Total Return Index) and its fund manager is Sailesh Jain.
The investment objective of the scheme is to provide returns that is closely correspond to the total returns of the securities as represented by the Nifty Private Bank index, subject to tracking error.

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YES MF introduces Overnight Fund

Aug 19 2019 11:01PM

YES Mutual Fund (MF) has launched the YES Overnight Fund, an open ended debt scheme. The NFO opens for subscription on August 19, 2019 and closes on August 20, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter during the NFO period.
The scheme’s performance will be benchmarked against CRISIL Overnight Index and its fund manager is Piyush Baranwal.
The investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made in overnight securities having maturity of 1 business day.

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Reliance MF introduces Fixed Horizon Fund-XLI-Series 13

Aug 7 2019 9:54PM

Reliance Mutual Fund (MF) has launched the Reliance Fixed Horizon Fund-XLI-Series 13, a close ended income scheme. The NFO opens for subscription on August 07, 2019 and closes on August 21, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Amit Tripathi.
The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the Central and State Government securities and other fixed income/debt securities, maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

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Tata Mutual Fund files offer document for Focused Equity Fund

Aug 5 2019 11:49PM

Tata Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Tata Focused Equity Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load will be 1% of the applicable NAV, if redeemed/switched out on or before expiry of 365 days from the date of allotment. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked S&P BSE 200 TRI .The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate long term capital appreciation by investing in equity & equity related instruments of maximum 30 stocks across market caps.

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Tata Mutual Fund files offer document for Focused Equity Fund

Aug 2 2019 11:05PM

Tata Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Tata Focused Equity Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load will be 1% of the applicable NAV, if redeemed/switched out on or before expiry of 365 days from the date of allotment. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked S&P BSE 200 TRI .The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate long term capital appreciation by investing in equity & equity related instruments of maximum 30 stocks across market caps.

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Eurozone Economic Growth Doubles To 0.4% In Q1 2019

Apr 30 2019 9:12PM

Eurozone quarterly economic growth rate doubled in the first three months of the year, preliminary flash data from the statistical office Eurostat showed on Tuesday. Gross domestic product increased 0.4% from the fourth quarter of 2018 when the economy expanded 0.2%. The pace of growth was the strong


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Dollar Index Hovers Around One Week Low

Apr 30 2019 9:11PM

The US Dollar index eased in last couple of sessions as a slide from 22 month high extended. The index fell to a one week low of 97.60 today but could cut the losses given the feeble undertone in economic data in other major economies. Eurozone economic sentiment weakened for a tenth straight month.



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Copper Speculative Longs Drop Yet Again

Apr 30 2019 9:11PM

Large base metals speculators decreased their bullish net positions in the Copper futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Copper futures, traded.

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Gold Mixed Ahead Of Fed, Dollar Under Stress

Apr 1 2019 9:43PM


COMEX Gold futures saw mixed movement in thin trades today as the markets focused on the FOMC meeting. The FOMC is expected to confirm market expectations that the Federal Reserve (Fed) will remain on hold for the rest of the year, according to a latest update from the World Gold Council (WGC). This will likely influence gold’s performance. The WGC noted that historical analysis showed that when the Fed has shifted from a tightening to a neutral stance, gold prices have increased, even if this effect has not always been immediate. The combination of rangebound US interest rates, a slowdown in the appreciation of the US dollar and continued market risks will continue to make gold attractive to investors.
The WGC believes that the 20 March FOMC meeting, which will include the Fed’s projections report, will provide more clarity about their monetary policy expectations which, in turn, will offer further guidance about gold’s performance this year. Current bond prices reflected by the market, which tend to accurately include interim cues from the Fed, are signaling that the Fed will most likely be on hold during 2019 – and has a chance of a cut (15%) for the first time in several years.
The US dollar is under pressure ahead of the FOMC meet. The dollar index tested three week low near 95.70 yesterday and currently quotes flat at 95.86. COMEX Gold currently trades flat at $1306 per ounce. MCX Gold futures are trading at Rs 31816 per 10 grams, down 0.45% on the day as the slide under Rs 32K stayed in place. The counter tested a low of Rs 31725 per 10 grams before witnessing a recovery.

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Copper Zoom Higher, Strong Chinese Cues Lift Sentiments

Apr 1 2019 9:42PM

COMEX Copper futures rose further today, hitting a fresh eight month high as strong equities clubbed with positive cues from Chinese economy boosted the sentiments. The red metal has been in a good mood recently and extended upside as global stocks edged up on positive Chinese factory gauges and signs of progress in China-US trade talks. The red metal currently trades at $2.95 per ounce, up 0.61% on the day. MCX Copper futures are trading at Rs 453.40 per kg, up 0.52% on the day. Meanwhile, China's factory activity rose after a 4-month lull with the official Purchasing Managers Index (PMI) coming in at 50.5 in March from 49.2 in February. Another survey, the Caixin/Markit Manufacturing PMI came in at 50.8, the strongest expansion in eight months.

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Chana Inches Higher At Delhi Manid

Mar 28 2019 9:50PM

Strong demand was seen in chana due to miller’s buying in local mandies. The market sources stated that the daily arrivals were reported in the range of 10 motors. The sources are expecting chana production in the range of 9-9.20 million tonnes in 2019 against government’s estimates of 10.50 million tonnes. The chana prices in Lawrence Road have been reported at Rs 4355-4360 per quintal.

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Eurozone Economic Sentiment Weakens In March

Mar 28 2019 9:49PM

Eurozone's economic sentiment fell to 105.5 in March from 106.2 in February, for the ninth month in row, survey data from the European Commission showed on Thursday. The weakening was led by industry and services. The industrial confidence index dropped to -1.7 from -0.4, and the services measure fell to 11.3 from 12.1. The consumer confidence index improved to -7.2 from -7.4, in line with its flash estimate. Sentiment modestly improved in the retail and construction sectors, while the morale surged in the financial services industry. Separately, the European Commission reported that the business climate indicator for the euro area decreased 0.16 points to 0.69 in March.

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Soya Oil Trades In Red

Mar 28 2019 9:49PM


Sluggish offtake has reduced prices of soya oil market. The spot prices were trading down at Rs 776 per kg, down 0.25 percent. The prices were also supported by heavy imports of palm oil at local trading stations. As per the latest release by Solvent Extractors' Association of India (SEA OF India), the import data of Vegetable Oils (edible & non-edible) for the month of February 2019 is reported at 1,242,533 tons compared to 1,157,044 tons in February 2018, consisting 1,182,062 tons of edible oils and 60,471 tons of non-edible oils i.e. up by 7.4%. The overall import of vegetable oils during November 2018 to February 2019 is reported at 4,862,849 tons compared to 4,785,778 tons i.e. up by 1.61%, thanks to higher import duty.

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Post-Session:Nifty end in red; hold 11k mark

Aug 20 2019 11:15PM

In a volatile trading session S&P CNX Nifty snapped Tuesday’s trade in negative terrain with cut of one third of a percent. Markets made a positive start, as traders took some support with Finance Minister Nirmala Sitharaman’s statement that corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25% and the government will support wealth creators. However, markets soon wiped out all of their gains to enter into negative territory, as traders turned cautious with former RBI Governor Raghuram Rajan calling slowdown in the economy very worrisome and said the government needs to fix the immediate problems in power and non-bank financial sectors and come out with a new set of reforms to energise private sector to invest. However, market gained some momentum in last leg of the trade to erase some of its losses to end off day’s low, as investors got solace with top American lawmaker urging the Trump Administration to resolve the trade tension with India as soon as possible, saying the dispute benefits none.
Most of the NSE sectoral indices ended in red, except Auto, IT and Pharma. The top gainers from the F&O segment were Mahanagar Gas, Max Financial Services and NIIT Technologies. On the other hand, the top losers were NMDC, Reliance Capital and Yes Bank. In the index option segment, maximum OI continues to be seen in the 10,900- 11,200 calls and 10,900- 11,200 puts indicating this is the trading range expectation.India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 0.69 and reached 16.63.The 50 share Nifty was down by 36.90 points or 0.33% to settle at 11,017.00.
Nifty August 2019 futures closed at 11028.10 on Tuesday, at a premium of 11.10 points over spot closing of 11017.00, while Nifty September 2019 futures ended at 11073.30, at a premium of 56.30 points over spot closing. Nifty August futures saw an addition of 0.53 million (mn) units, taking the total outstanding open interest (OI) to 18.40 mn units. The near month derivatives contract will expire on August 29, 2019. 
From the most active contracts, Yes Bank August 2019 futures traded at a discount of 1.15 points at 70.40 compared with spot closing of 71.55. The numbers of contracts traded were 57,825. 
Indiabulls Housing Finance August 2019 futures traded at a discount of 1.30 points at 517.70 compared with spot closing of 519.00. The numbers of contracts traded were 37,226. 
Maruti Suzuki India August 2019 futures traded at a discount of 47.40 points at 6175.60 compared with spot closing of 6223.00. The numbers of contracts traded were 29,652. 
Reliance Industries August 2019 futures traded at a discount of 0.65 points at 1277.90 compared with spot closing of 1278.55. The numbers of contracts traded were 24,169. 
State Bank of India August 2019 futures traded at a premium of 0.50 points at 284.35 compared with spot closing of 283.85. The numbers of contracts traded were 21,681. 
Among, Nifty calls, 11,100 SP from the August month expiry was the most active call with an addition of 0.21 million open interests. Among Nifty puts, 11000 from the August month expiry was the most active put with an addition of 0.005 million open interests. The maximum OI outstanding for Calls was at 11000 SP (2.61 mn) and that for Puts was at 11,000 SP (3.81 mn). The respective Support and Resistance levels of Nifty are: Resistance  11,067.10--Pivot Point  11,026.20--Support--10,976.10.
The Nifty Put Call Ratio (PCR) finally stood at 1.12 for August month contract. The top five scrips with highest PCR on Oracle Financial Services Software (2.00), Hindustan Unilever (1.61), Asian Paints (1.56), Godrej Consumer Products(1.21) and Hindustan Zinc (1.18).
Among most active underlying, Reliance Industries witnessed a contraction of 0.76 million units of Open Interest in the August month futures contract, followed by State Bank of India witnessing a contraction of 0.11 million units of Open Interest in the August month contract, Maruti Suzuki India witnessed a contraction of 0.10 million units of Open Interest in the August month contract, Infosys witnessed an addition of 0.68 million units of Open Interest in the August month contract and Indiabulls Housing Finance witnessed an addition of 0.37 million units of Open Interest in the August month future contract. 

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Profit Krishna

LME Inventory

Apr 12 2017 1:51PM

       COPPER: -850 MT

       ZINC: -1850 MT

       LEAD: -1025 MT

       NICKLE: -1194 MT

       ALUMINIUM: -13575 MT

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]