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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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Bajaj Finance, LTTS, Tata Elxsi are to be zoomed in todays intraday market

Jan 19 2022 11:16AM

Bajaj Finance: The NBFC major posted an 85% jump in consolidated net profit to Rs 2,125.2 crore ona 28% increase in total income to Rs 8,535.06 crore in Q3 FY22 over Q3 FY21.L&T Technology Services (LTTS): The IT major reported 8.2% rise in consolidated net income to Rs248.8 crore in Q3FY22 over Q2FY22. Revenue rose 5% to Rs 1687.50 crore.LTTS announced that it has been awarded a deal worth USD45 million from a U.S. based automotiveTier 1 company, to be its strategic engineering partner and provide engineering services for its ElectricVehicle (EV) product portfolio.Tata Elxsi: The Tata Group company's net profit jumped 43.49% to Rs 150.95 crore on 33.18%increase in revenue from operations to Rs 635.41 crore in Q3 December 2021 over Q3 December2020.Just Dial: The local search engine company reported 61.2% drop in net profit to Rs 19.4 crore on6.3% fall in operating revenue to Rs 158.90 crore in Q3 December 2021 over Q3 December 2020.Trident: Trident reported an 88% jump in consolidated net profit to Rs 211 crore on an 84% rise inrevenue from operations to Rs 1,980 crore in Q3 FY22 over Q3 FY21.Nandan Denim: The company will consider a proposal for issue of bonus shares at its board meetingscheduled to be held on 10 February 2022.RITES: The transport infrastructure consultancy and engineering company has entered into aMemorandum of Understanding (MoU) with CSIR-Central Road Research Institute (CRRI) to exploreopportunities for cooperation in the infrastructure sector.

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Tech Mahindra, Tata Power, Angel One have been zoomed in todays trade

Jan 18 2022 9:42PM

Tech Mahindra: The IT major announced 100% acquisition of Com Tec Co IT Ltd (CTC) for €310million including earnouts and synergy linked payouts. Tech Mahindra is also investing a cumulativeamount of €20 million, in SWFT and Surance, for a 25% ownership in each of these two InsurTechventures funded by the same founding group as CTC.Tata Power: Tata Power Renewable Energy (TPREL), 100% subsidiary of Tata Power announcedcommissioning of two Solar Power projects of 50 MW each at Prayagraj, and Banda in Uttar Pradesh.Angel One: The company reported consolidated profit at Rs 164.6 crore in Q3FY22 against Rs 73.2crore in Q3FY21. Total income surged 92.4% to Rs 607.10 crore from Rs 315.6 crore YoY.Strides Pharma Science: The company's step-down wholly owned subsidiary, Strides Pharma GlobalPte., Singapore, has received approval for Oseltamivir Phosphate for Oral Suspension,6 mg/mL fromthe United States Food & Drug Administration (USFDA).IFB Agro Industries: The board of directors of the company has approved an investment of up to Rs40 crore in equity shares and/or Compulsorily Convertible Preference Shares (CCPS) of IFBRefrigeration in one or more tranches for a minority stake.Tatva Chintan Pharma Chem: The company reported a 9.2% increase in consolidated net profit to Rs22.8 crore on a 31% jump in net sales to Rs 104.6 crore in Q3 FY22 over Q3 FY21.PTC Industries: The company announced that wholly owned subsidiary Aerolloy Technologies has beenallotted 20 Hectares (50 Acres) of land next to Brahmos facility, by UPEIDA in Lucknow node of the UPDefence Industrial Corridor

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HDFC Bank, HCL Tech, Hero Moto, Maruti Suzuki are to be concentrate in todays trade

Jan 17 2022 10:48AM

HDFC Bank: The private sector bank's net profit rose 18.08% to Rs 10,342.20 crore on 8.33%increase in total income to Rs 40,651.60 crore in Q3 December 2021 over Q3 December 2020.HCL Technologies: The IT major reported 5.4% rise in consolidated net profit to Rs 3,442 crore andrevenue increased by 8.1% to Rs 22,331 crore in Q3 FY22 over Q2 FY22. HCL Tech expects revenueto grow in double digits in constant currency, while EBIT margin is projected to be between 19% and21% for FY22.Hero Motocorp: Hero Motocorp said that its board has approved an investment of up to Rs 420 crorein one or more tranches, in Ather Energy.Maruti Suzuki India: The car major announced price change across models owing to increase invarious input costs. The weighted average price increase in ex-showroom prices (Delhi) across modelsis 1.7%. The new prices are effective from Saturday, 15 January 2022.Metro Brands: Metro Brands posted a 54.6% rise in consolidated net profit to Rs 100.85 crore on a59% jump in net sales to Rs 483.77 crore in Q3 FY22 over Q3 FY21.PVR: PVR Cinemas announced opening a four-screen property in Narsipatnam, Visakhapatnam districtof Andhra Pradesh.PB Fintech: PB Fintech parent of online insurance and credit comparison platforms Policybazaar andPaisabazaar said that it has acquired Visit Internet Services (VISPL) for Rs 22.41 crore. Theacquisition was done through PB Fintech's subsidiary Docprime Technologies.Tinplate Company of India: The company's net profit surged to Rs 94.94 crore in Q3 FY22 from Rs32.82 crore in Q3 FY21. Net sales during the quarter increased by 88% YoY to Rs 1,065.84 crore.ICRA: ICRA on Friday announced that Vipul Agarwal group chief financial officer has resigned from theposition.Vishwaraj Sugar Industries: On a standalone basis, Vishwaraj Sugar Industries' net profit slipped3.34% to Rs 29.44 crore on a 61.06% surge in total revenue from operations to Rs 133.28 crore inQ3 FY22 over Q3 FY21.SeQuent Scientific: SeQuent Scientific on Friday announced that its board of directors has appointedRajaram Narayanan as new managing director and chief executive officer with effect from 11 April2022.Gokaldas Export: The company plans to augment its production capacity and also exploreopportunities in the new line of business.NBCC (India): NBCC (India) on Friday announced that it secured total business of Rs 592 crore in themonth of December 2021.

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RIL, Tata Motors, Mindtree are focused in todays market

Jan 14 2022 4:46PM

Intraday Trading Stocks like Reliance Industries (RIL): RIL said that it has signed MoU with the Government of Gujarat for a totalinvestment of Rs 5.955 lakh crore as part of Investment Promotion Activity for Vibrant GujaratSummit 2022.Tata Motors: The Tata Motors Group global wholesales in Q3 FY22, including Jaguar Land Rover, wereat 2,85,445 nos., higher by 2%, as compared to Q3 FY21.Mindtree: The IT company reported 9.7% rise in consolidated net profit to Rs 437.50 crore on 6.3%increase in revenue from operations to Rs 2,750 crore in Q3 FY22 over Q2 FY22. In dollar terms,Mindtree registered 8% increase in consolidated net profit to $58.3 million on 4.7% rise in revenue to$366.40 million in Q3 FY22 over Q2 FY22.Easy Trip Planners: The board recommended a bonus issue in the proportion of one equity share forevery one equity share held .IRCON International: The company has incorporated a subsidiary and joint venture company - IrconRenewable Power.Datamatics Global Services: The company has entered into a long-term strategic partnership with PSIServices (PSI), a global leader in workforce solutions. As part of this engagement, Datamatics willprovide Customer Management Solutions through a combination of Remote Proctoring, CustomerSupport and Technical Support.Vikas Lifecare: The company entered into definite agreement with the existingpromoters/shareholders for acquiring 75% equity of Genesis Gas Solutions Private Limited (the‘Genesis'), a company engaged in the business developing “Smart Products” including Smart GasMeters & Power Distribution solutions for the ever-expanding infrastructure in India, in a cash dealamounting Rs. 25 crore, payable in stages.

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IT stocks, UltraTech Cement, DLF, TTML are to be spotlighted in todays trade

Jan 12 2022 11:59AM

Intrday trading stocks like IT stocks: IT majors Infosys, Tata Consultancy Services and Wipro will release their December quarterearnings today, 12 January 2022.UltraTech Cement: The cement major announced the commissioning of Line II of the Bara GrindingUnit in Uttar Pradesh, having cement capacity of 2 mtpa.DLF: The realty major has clocked sales worth approximately Rs 1500 crore for towers in the firstphase of the newly launched luxury residential project, ONE Midtown.Tata Teleservices (Maharashtra) (TTML): The company opted for converting the interest from adjustedgross revenue dues amounting to Rs 850 crore to equity, following which the government will holdapprox 9.5% in the company.RITES: The transport infrastructure consultancy and engineering company signed a memorandum ofunderstanding (MoU) with SMEC Group to cooperate and explore infrastructure projects.Federal Bank: The board of directors of Fedbank Financial Services (FedFina), a subsidiary of bank,has approved initiating the process of an initial public offering (IPO) by way of fresh issue and offerfor sale, subject to market conditions.Delta Corp: The company reported a consolidated net profit of Rs 61.58 crore for the quarter ended31 December 2021, up sharply from Rs 15.56 crore clocked in the same period last year.Sharat Industries: The company has scheduled board meeting on 18 January 2022 to consider aproposal for rights issue of equity shares.

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One 97 Communications, 5Paisa Capital, Timex Group are zoomed in todays trade

Jan 11 2022 2:21PM

One 97 Communications: Number of loans disbursed through platform increased by 401 % y-o-y to4.4 million loans in Q3 FY 2022. GMV processed through platform during the quarter aggregated toapproximately Rs 2,501 billion ($33.6 billion), growth of 123% Y-o-Y compared to Q3 FY 2021.Vodafone Idea: The board of directors of the company has approved the conversion of the full amountof interest related to spectrum auction instalments and AGR Dues into equity.5Paisa Capital: The brokerage firm reported 77% drop in Q3 consolidated net profit to Rs 0.7 crore inQ3FY22 over Q3FY21. Total income surged 62% to Rs 80.20 crore.Timex Group India: The company has sealed agreements with Timex Nederland B.V (Sequel Division)for the grant of manufacturing and distribution rights of “Guess” & “Gc” branded watches for theterritory of India.Gravita India: The board of directors of the company approved raising of funds through issuance ofequity shares of the company or any other equity linked securities of the company, by way of one ormore of the permissible modes.Spandana Sphoorty Financial: The board of directors approved the proposal of raising of funds by wayof further issue of securities through private offerings and/or qualified institutions placement or otherpermissible mode for an aggregate amount not exceeding Rs 300 crore.

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TCS, RIL, Avenue Supermarts are to be focused in todays intraday trade

Jan 10 2022 10:35AM

Indian Intraday trading stocks like TCS has the  IT major said its board will consider a share buyback on Wednesday, 12 January 2022.Reliance Industries (RIL): Reliance Industrial Investments and Holdings (RIIHL), a wholly ownedsubsidiary of RIL entered into an agreement to acquire the entire issued share capital of ColumbusCentre Corporation (Cayman), a company incorporated in the Cayman Islands and the indirect ownerof a 73.37% stake in Mandarin Oriental New York, one of the premium luxury hotels in New York Cityfor an equity consideration of approximately US$ 98.15 million.Tata Steel: Tata Steel said that the equity stake of the company in Medica TS Hospital Private Limited(MTSHPL) (a joint venture company) has increased from 26% to 51% on January 7, 2022.Avenue Supermarts: Total Revenue for the quarter ended December 31, 2021 stood at Rs. 9,218crore, as compared to Rs. 7,542 crore in the same period last year. Net Profit stood at Rs. 553 crorefor Q3FY22, as compared to Rs. 447 crore in the corresponding quarter of last year.KEC International: The company has secured new orders of Rs 1,025 crore across its variousbusinesses.CSB Bank: C. VR. Rajendran has decided to take an early retirement from the post of ManagingDirector & CEO to take care of his health under the advice of his physicians. Rajendran will continue tolead the Bank till March 31, 2022.

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RIL, HCL Tech, Titan Company have been focused in todays trade.

Jan 7 2022 3:09PM

Reliance Industries (RIL): Dunzo, India's leading quick commerce player, has raised US$240M in itslatest round of funding. The investment was led by Reliance Retail Ventures (RRVL), with participationfrom existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment ofUS$200M, Reliance Retail will own 25.8% stake on a fully diluted basis. RRVL is a subsidiary of RILand holding company of all the retail companies under the RIL Group.HCL Technologies: The company has completed acquisition of 51% stake in German IT ConsultingCompany, Gesellschaft für Banksysteme GmbH (GBS).Titan Company: The company witnessed strong demand across its consumer businesses and clocked36% growth over the festive quarter last year.Hinduja Global Solutions: The board of directors of the company has approved Rs 150 per shareinterim dividend and recommended 1-for-1 bonus shares. The company has fixed January 18, 2022 asthe Record Date for the purpose of Payment of Third Interim Dividend.Anand Rathi Wealth: Total revenue for 3 months October -December, 2021 was Rs. 108.66 crores,recording a growth of 55% YoY. Profit after Tax (PAT) for 3 months October -December, 2021 was atRs.32.04 cr was up by 144% YoY.Macrotech Developers: The realty firm reported a 40% rise in pre sales to Rs 2,608 crore during thequarter ended December, up 40% on YoY basis.Star Housing Finance: The company has entered into a co-lending agreement with Capital IndiaHomes Loan

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Annual Global CEO Survey had discovered that India's economy is set to be improved

Jan 17 2022 6:06PM

Annual Global CEO Survey had discovered that India's economy  is set to be improved this year endding.India’s economic growth is all set to improve over the next 12 months despite the coronavirus pandemic-related problems and global headwinds, says the PwC Annual Global CEO Survey.
The findings are based on a survey by the global consultancy that covered 4,446 CEOs in 89 countries and territories, including 77 from India, in October and November of 2021.
Despite a variety of headwinds, most notably those related to the ongoing pandemic, CEOs in India are significantly optimistic about the prospects for a stronger economy in the coming year, as per the survey released on Monday.
"99 per cent of CEOs in India believe India’s economic growth will improve over the next 12 months, with 94 per cent of India CEOs being optimistic about global economic growth improving over the next 12 months as against 77 per cent of global CEOs,” it said.
When it comes to the revenue prospects of their own companies, 98 per cent of CEOs are confident about growth during the same time period.While for the most part, CEOs globally are at least as optimistic as they were last year about the prospects for economic growth in 2022, the optimism of India CEOs, up from 88 per cent last year, stands out at 94 per cent.
Sanjeev Krishan, Chairman of PwC in India, said that while Omicron has cast a shadow and CEOs are focused on the health and safety of their employees at the moment, their confidence and optimism over the past one year is a testimony to the resilience of Indian companies.
The vigour with which most Indian business leaders took the challenges brought in by the pandemic head on, coupled with the will to emerge stronger in the face of adversity, has led to sustained growth for businesses in India, he said.
"Perhaps owing to the futuristic groundwork done during the difficult times, 97 per cent of India CEOs are confident about their own company’s prospects for revenue growth not only in the near term but also over the next three years,” he said.
Last year, 70 per cent of India CEOs viewed the pandemic as a top threat to growth while 62 per cent considered cyber threats as an impediment to growth.
This year, 15 per cent of CEOs in India are apprehensive about cyber risks hindering their company’s ability to raise capital.
India CEOs also agree that cyber risks could cause severe revenue disruptions, with 64 per cent of respondents fearing a breach could hinder sales of products or services. Besides business disruptions, 47 per cent of chief executives believe cyber threats could impede their ability to develop products and services,” the survey said.
Further, it said that among the India companies that participated in the survey, 27 per cent already have a net-zero commitment (22 per cent globally) in place, 40 per cent are in the process of developing and articulating their commitments (29 per cent globally), and only 30 per cent have neither made nor are in the process of making any net-zero commitment (globally 44 per cent).

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HDFC Bank Q3 PAT grows 18% Y-o-Y to Rs 10,342 cr

Jan 17 2022 11:00AM

Net interest income (NII) (interest earned less interest expended) for the quarter ended 31 December2021 grew by 13% to Rs 18,443.50 crore from Rs 16,317.60 crore for the quarter ended 31December 2020. Core net interest margin was at 4.1%.The bank's profit before tax (PBT) jumped 17.07% to Rs 13,781.97 crore in Q3 December 2021 overRs 11,771.89 crore in Q3 December 2020.The bank's gross non-performing assets (NPAs) stood at Rs 16,013.55 crore as on 31 December 2021as against Rs 16,346.07 crore as on 30 September 2021 and Rs 8,825.56 crore as on 31 December2020.The ratio of gross NPAs to gross advances stood at 1.26% as on 31 December 2021 as against 1.35%as on 30 September 2021 and 0.81% as on 31 December 2020.The ratio of net NPAs to net advances stood at 0.37% as on 31 December 2021 as against 0.40% ason 30 September 2021 and 0.09% as on 31 December 2020.The bank's provisions and contingencies (excluding tax provisions) fell 12.30% to Rs 2,993.98 crorein Q3 December 2021 over Rs 3,414.13 crore in Q3 December 2020.The bank held floating provisions of Rs 1,451 crore and contingent provisions of Rs 8,636 crore as on31 December 2021. Total provisions (comprising specific, floating, contingent and general provisions)were 172% of the gross non-performing loans as on 31 December 2021.Pre-provision Operating Profit (PPOP) stood at Rs 16,776 crore in Q3 FY22, rising 10.5% over thecorresponding quarter of the previous year.The growth in other income was driven by forex & derivatives revenue, and recoveries & dividend,while fees & commissions, which contribute 62% to non-interest income, witnessed a moderategrowth Y-o-Y (year-on-year).During the quarter, fees & commissions income stood at Rs 5,075.1 crore for the quarter, rising 2% Yo-Y, foreign exchange & derivatives revenue was at Rs 949.5 crore, growing 68.8% Y-o-Y andmiscellaneous income including recoveries & dividend stood at Rs 1,112.5 crore, rising by Rs 39.56crore over the corresponding quarter of the previous year, as per the bank's BSE filing.The total credit cost ratio was at 0.94% during the quarter, compared with 1.30% for the quarterending 30 September 2021 and 1.25% for the quarter ending 31 December 2020.Total advances as of 31 December 2021 were Rs 12,60,863 crore, an increase of 16.5% over 31December 2020. Retail loans grew by 13.3%, commercial and rural banking loans grew by 29.4% andother wholesale loans grew by 7.5%. Overseas advances constituted 3.4% of total advances.Total deposits as of 31 December 2021 were Rs 14,45,918 crore, an increase of 13.8% over 31December 2020. CASA deposits grew by 24.6% with savings account deposits at Rs 4,71,029 croreand current account deposits at 2,10,195 crore.Time deposits were at Rs 7,64,693 crore, an increase of 5.6% over the corresponding quarter of theprevious year, resulting in CASA deposits comprising 47.1% of total deposits as of 31 December 2021.As of 31 December 2021, HDFC Bank's distribution network was at 5,779 branches and 17,238 ATMs/cash deposit & withdrawal machines (CDMs) across 2,956 cities/ towns as against 5,485 branches and15,541 ATMs/ CDMs across 2,866 cities/towns.Shares of HDFC Bank lost 0.92% to Rs 1,531.10 on BSE. The scrip hovered in the range of Rs 1,523to Rs 1,556.45 during intraday trade.On the technical front, the stock's RSI (relative strength index) stood at 52.801. The RSI oscillatesbetween zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversoldwhen below 30.The stock was trading above its 50-day moving average (DMA) placed at 1514.38 and 200-daymoving average (DMA) at 1513.19.

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Renaissance Global spurts after agreement for NFL inspired branded

Jan 17 2022 10:59AM

 Renaissance Global announced a licensing agreement with the National Football League (NFL). Through thisagreement, Renaissance and the NFL will collaborate to design unique branded jewellery collection using NFLintellectual property. This unique collection will be marketed to consumers in the US.The NFL jewellery collection will include distinct pieces representing each of the 32 teams in the NFL along withjewellery pieces for the Super Bowl and Pro-Bowl matches. The product portfolio encompasses rings, earrings,bracelets and pendants for all genders.This collection will be premiered this holiday season at multiple retail locations such as department stores, specialtyjewellery stores, league stores, mass-market retailers and others, across the United States. The jewellery collectionwill also be featured across e-commerce platforms such as NFL team websites and other e-commerce retailers.Renaissance will also be launching a brand new D2C website for NFL in the coming months. This partnership alsostrengthens the company's high-growth D2C portfolio.The licensing agreement with NFL along with its existing strategic licensing agreements with Enchanted Disney FineJewellery, Hallmark, Star Wars and Disney Treasures augments the company's portfolio of licensed brands,Renaissance said in a statement.The National Football League (NFL) is a major professional football league in the United States, formed in 1920 as theAmerican Professional Football Association (APFA) in Canton, Ohio. It is a 32-team professional American footballleague split evenly between the National Football Conference (NFC) and the American Football Conference (AFC).Renaissance Global is a global branded jewellery player. Renaissance designs, manufactures and supplies brandedjewellery across key high-potential markets in USA, Canada, UK and key Asian markets. The product portfolioencompasses branded jewellery, customer brands and plain gold jewellery segments, with strong focus on brandedjewellery division.On a consolidated basis, net profit of Renaissance Global rose 42.72% to Rs 27.93 crore on 8.75% decline in netsales to Rs 477.10 crore in Q2 September 2021 over Q2 September 2020

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Motherson Sumi Systems Ltd leads losers in 'A' group

Jan 14 2022 4:53PM

Mindtree Ltd, Dish TV India Ltd, Tata Metaliks Ltd and Dilip Buildcon Ltd are among the other losers in the BSE's 'A'group today, 14 January 2022.Motherson Sumi Systems Ltd lost 6.38% to Rs 187.25 at 14:51 IST.The stock was the biggest loser in the BSE's 'A'group.On the BSE, 33.27 lakh shares were traded on the counter so far as against the average daily volumes of 4.42lakh shares in the past one month.Mindtree Ltd crashed 3.98% to Rs 4555. The stock was the second biggest loser in 'A' group.On the BSE, 87553shares were traded on the counter so far as against the average daily volumes of 29670 shares in the past onemonth.Dish TV India Ltd tumbled 3.89% to Rs 17.3. The stock was the third biggest loser in 'A' group.On the BSE, 9.19 lakhshares were traded on the counter so far as against the average daily volumes of 5.48 lakh shares in the past onemonth.Tata Metaliks Ltd corrected 3.58% to Rs 889.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 32113shares were traded on the counter so far as against the average daily volumes of 13116 shares in the past onemonth.Dilip Buildcon Ltd plummeted 3.40% to Rs 391.55. The stock was the fifth biggest loser in 'A' group.On the BSE,43768 shares were traded on the counter so far as against the average daily volumes of 52437 shares in the past onemonth.

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Infosys Q3 PAT rises 7.1% QoQ to Rs 5,809 cr

Jan 12 2022 5:41PM

On a year-on-year basis, Infosys' net profit and revenue in Q3 FY22 increased 11.8% and 22.9%, respectively.In dollar terms, the company reported revenues of $4,250 million, registering a growth of 20.9% YoY for the quarterended 31 December 2021.Revenues in constant currency terms grew by 21.5% YoY and 7% QoQ. Operating margin for the quarter stood at23.5%, a decline of 1.9% YoY and 0.1% QoQ.For the quarter ended 31 December 2021, Free cash flow (FCF) was $719 million, registering a YoY decline of 6.9%while FCF conversion was at 92.6% of net profit.Infosys said growth remained broad-based and deal momentum robust, with digital transformation rapidly scalingacross verticals and regions. Large deal wins accelerated with total contract value (TCV) of $2.53 billion in Q3.Infosys has revised upwards its revenue guidance for FY22 to 19.5%-20%. Margin guidance is retained at 22%-24%.Salil Parekh, CEO and MD, said: "Our strong performance and market share gains are a testament to the enormousconfidence our clients have in us to help them in their digital transformation. This stems from four years of sustainedstrategic focus on areas of relevance for our clients in digital and cloud, continued re-skilling of our people, and deeprelationships of trust that our clients have with us. This is reflected in an upgrade in our revenue guidance to19.5%-20.0% for FY22. We expect the healthy technology spend to continue with large enterprises progressing ontheir digital transformations.”The company had 1,738 active clients as of 31 December 2021, compared with 1,714 as on 30 September 2021 and1,562 as on 31 December 2020.Last twelve months IT services attrition rate stood at 25.5% as at 31 December 2021 as against 20.1% as on 30September 2021 and 11% as on 31 December 2020.Infosys is a global leader in next-generation digital services and consulting.Shares of Infosys rose 1.16% to settle at Rs 1877.60 on the BSE. The stock traded in the range of Rs 1860.60 and Rs1889 during the day.

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Easy Trip Planners gains after board approves bonus issue

Jan 12 2022 12:09PM

The board of Easy Trip Planners at its meeting held today, 12 January 2022, approved issuing one bonus equity sharefor one equity share of Rs 2 each held. The proposal is subject to the approval of the shareholders through postalballot.A free reserve of Rs 21.72 crore is required for the proposed bonus issue. As on 31 March 2021, the balance of Rs143.60 crore is available in the company's free reserves account.On a consolidated basis, Easy Trip Planners' net profit surged to Rs 27.13 crore in Q2 FY22 from Rs 6.16 crore in Q2FY21. Net sales during the quarter jumped to Rs 43.69 crore from Rs 9.95 crore reported in the same period lastyear.Easy Trip Planners is an online travel platform, offering end to end travel solutions which include air tickets, hotelsand holiday packages, rail tickets & bus tickets as well as ancillary value-added services.Shares of Easy Trip Planners entered the bourses on 19 March 2021. The stock was listed at Rs 206, a premium of10.06% to the initial public offer (IPO) price of Rs 187.The IPO was subscribed 159.33 times. It was open between 8 March 2021, and 10 March 2021. The price band forthe IPO was set at Rs 186-187 per share.

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KEC Intl gains on bagging orders worth Rs 1,025 crore

Jan 10 2022 10:37AM

The Transmission & Distribution (T&D) business has secured orders for T&D projects in India and Middle East. It hasbagged a 400 kV Transmission line and 400/220 kV substation order in India, from a leading private developer underTariff Based Competitive Bidding (TBCB) route. It has also received a 380 kV Transmission line from Saudi ElectricityCompany (SEC).The Railways business has secured an order for 2 x 25 kV overhead electrification (OHE) and associated works forspeed upgradation in India.The Civil business has secured an order for infra works in the metals & mining segment in India.The Oil & Gas Pipelines business has secured an order for laying of a slurry pipeline and associated works in India.The Smart Infra business has secured an order as master system integrator (MSI) for Smart City Components forthree smart cities in India.The Cables business has secured orders for various types of cables in India and overseas.Vimal Kejriwal, MD & CEO, KEC International, commented, “Our order book continues to grow on the backdrop oforders secured across all our business verticals. With these orders, our YTD order intake surpasses Rs 13,000 crore,with a staggering growth of approximately 2 times vis-à-vis last year.”KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presencein the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, SmartInfrastructure, Oil & Gas Pipelines and Cables.On a consolidated basis, the company reported 44% drop in net profit to Rs 80 crore on a 10% rise in revenue to Rs3,587 crore in Q2 FY22 over Q2 FY21.

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Panama Petrochem corrects on profit selling

Jan 7 2022 5:56PM

The stock rallied after the company's recent shareholding disclosure showed that veteran investor Ramesh Damaniacquired 1.26% stake in the company during October-December 2021 quarter.As per the shareholding pattern for recently ended December 2021 quarter, Ramesh Damani held 6,16,379 shares, or1.26% equity, of Panama Petrochem.In shareholding pattern of the company for September 2021 quarter, Ramesh Damani's name was not present inindividual shareholders' list. This means, ace investor has bought these shares during Q3FY22, but it cannot beascertained whether he bought these shares in a single transaction or in parts.As on December 2021, promoter & promoter group held 71.11% in Panama Petrochem.In the past one year, the stock has surged 203.84% while the benchmark Sensex has added 24.20% during the sameperiod.On the technical front, the stock's RSI (relative strength index) stood at 57.59. The RSI oscillates between zero and100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.The stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 275, 261.69and 258.66, respectively.On a consolidated basis, net profit of Panama Petrochem rose 235.61% to Rs 61.92 crore on 73.17% rise in net salesto Rs 563.32 crore in Q2 September 2021 over Q2 September 2020.Panama Petrochem is one of the leading manufacturers and exporters of petroleum specialty products. It has fourmanufacturing units in India namely in Ankleshwar (Gujarat), Daman (Union Territory), Dahej (Gujarat, SEZ) andTaloja (Dist. Raigadh).

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Financials stocks rise

Nov 18 2021 10:20AM

Among the components of the S&P BSE Finance index, Repco Home Finance Ltd (up 2.6%), PunjabNational Bank (up 2.46%),Dhanvarsha Finvest Ltd (up 1.74%),Max Ventures and Industries Ltd (up1.49%),Motilal Oswal Financial Services Ltd (up 1.45%), were the top gainers. Among the othergainers were Piramal Enterprises Ltd (up 1.2%), Aditya Birla Money Ltd (up 1.12%), EdelweissFinancial Services Ltd (up 1.1%), Bajaj Finance Ltd (up 1.04%), and Equitas Holdings Ltd (up0.99%).On the other hand, SREI Infrastructure Finance Ltd (down 4.91%), Share India Securities Ltd (down3.13%), and Poonawalla Fincorp Ltd (down 2.8%) turned lower.At 09:50 IST, the S&P BSE Sensex was down 103.3 or 0.17% at 59905.03.The Nifty 50 index was down 41.15 points or 0.23% at 17857.5.The S&P BSE Small-Cap index was down 79.18 points or 0.27% at 29164.46.The S&P BSE 150 Midcap Index index was down 43.05 points or 0.47% at 9117.97.On BSE,1378 shares were trading in green, 1345 were trading in red and 132 were unchanged.

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Canara Bank extends losing run to seventh trading session

Nov 17 2021 7:28PM

Shares of Canara Bank have declined 9.5% in seven trading sessions from its previous closing high of Rs 244.25posted on 8 November 2021. The counter hit a 52-week high of Rs 247.60 on 9 November and before succumbing toselling pressure. The stock is up 140% from its 52-week low of Rs 92 posted on 17 November 2020.Meanwhile, India Ratings & Research upgraded Canara Bank's AT1 Bonds to ‘IND AA+' with a stable outlook. Theratings agency also affirmed IND AAA rating on company's long term issuer rating and company's Basel III Tier 2instrument with a stable outlook.On the technical front, the stock's RSI (relative strength index) stood at 57.647. The RSI oscillates between zero and100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.The stock is trading above its 50 and 100 days simple moving average placed at 188.64 and 170.91 respectively.These levels will act as crucial support zones in near term.Incorporated in 1906, Canara Bank was merged with erstwhile Syndicate Bank (e-SB) on 1 April 2020 to form thethird-largest public sector bank and the fourth-largest bank in the Indian banking system with a total asset base of Rs11.9 lakh crore as on 30 September 2021.The state-run bank's net profit surged 199.86% to Rs 1,332.61 crore on 2.59% increase in total income to Rs21,331.49 crore in Q2 FY22 over Q2 FY21.

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Manappuram Finance drops after Q2 FY22 PAT falls 9% to Rs 370 cr

Nov 15 2021 6:57PM

Manappuram Finance tumbled 9.75% to Rs 197.10 after the company's consolidated skid fell 8.8% to Rs369.88 crore on a 1.5% decline in total income to Rs 1,554.42 crore in Q2 September 2021 over Q2September 2020.Consolidated profit before tax dropped 9.1% to Rs 495.03 crore in Q2 September 2021 as against Rs544.41 crore in Q2 September 2020.On a segmental basis, revenues from Gold loans and Others declined 9.17% to Rs 1,199.83 in Q2FY22 as compared to Rs 1,321.10 crore in Q2 FY21. Revenues from Microfinance grew 38.07% to Rs354.59 crore in Q2 September 2021 from Rs 256.81 crore in Q2 September 2020.The board has declared an interim dividend of Rs 0.75 per equity share of face value Rs 2. Thecompany has fixed Thursday, 25 November 2020 as the record date to ascertain the entitlement ofinterim dividend among the shareholders and dividend/ dividend warrants shall be paid or dispatchedon or before 11 December 2021.Meanwhile, the board has appointed Shailesh Jayantilal Mehta as the chairperson of ManappuramFinance.Manappuram Finance is a gold loans offering non-banking financial company, engaged in providingfinance against used household gold ornaments.

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Tata MF introduces Floating Rate Fund

Jun 22 2021 12:36AM

Tata Mutual Fund (MF) has launched the Tata Floating Rate Fund, an open-ended debt scheme investing predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives). The NFO opens for subscription on June 21, 2021 and closes on July 05, 2021. The Entry load is not applicable for the scheme. The Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the CRISIL Ultra Short-Term Debt Index and its fund managers is Akhil Mittal.
The investment objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.


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Nippon India MF introduces Nifty Pharma ETF

Jun 22 2021 12:35AM

Nippon India Mutual Fund (MF) has launched the Nippon India Nifty Pharma ETF, an open-ended scheme replicating/ tracking NIFTY Pharma Index. The NFO opens for subscription on June 21, 2021 and closes on June 28, 2021. The Entry load and the Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the Total Return (TRI) and its fund managers is Mehul Dama.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Pharma Index before expenses, subject to tracking errors.


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ICICI Pru MF declares IDCW FMP-Series 83-1108 Days Plan H

Jun 18 2021 7:25PM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Fixed Maturity Plan-Series 83-1108 Days Plan H. The record date for the same is June 23, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.0500 each under Direct Plan-Quarterly IDCW, Half Yearly IDCW and Direct Plan-Half Yearly IDCW.
The units of the Scheme are listed on BSE. The trading of units of the Scheme will be suspended on BSE with effect from closing hours of trading of June 20, 2021. For the purposes of redemption proceeds, the record date for the Scheme shall be June 23, 2021.



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ICICI Pru MF declares IDCW Equity Savings Fund

Jun 16 2021 9:41PM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Equity Savings Fund. The record date for the same is June 21, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.22 each under Half Yearly IDCW and Direct Plan-Half Yearly IDCW.



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ICICI Prudential Asset Management Company (AMC) has announced

Jun 4 2021 3:04PM

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Flexicap Fund.
Pursuant to addendum No. 013/05/2021 dated May 19, 2021, ICICI Prudential Asset Management (AMC) announced that Value Systematic Transfer Plan (Value STP) shall not be available under the Flexicap Fund Scheme. The Scheme shall be a Target Scheme under Booster Systematic Transfer Plan (Booster STP). Read terms & conditions in the application form before investing or visit ww.iciciprumf.com. This facility should not be associated or confused with Systematic Transfer Plan, Flex Systematic Transfer Plan; all these are separate facilities provided by ICICI Prudential AMC Limited.
All the other provisions of the SID/KIM/addenda of the Scheme, except as specifically modified herein above remain unchanged.

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OPEC Sees Global Economy Growing By 4.2% In 2022

Jan 19 2022 11:22AM

OPEC noted in a monthly update that the global GDP growth forecasts for 2021 and 2022 remainunchanged at 5.5% and 4.2%, respectively. The US is estimated to grow by 5.5% in 2021, whilegrowth for 2022 is slightly lowered to 4%. Euro-zone economic growth for 2021 is revised up to5.2%, while growth for 2022 remains unchanged at 3.9%. Japan's economic growth forecast for 2021is revised down to 1.8%, while growth for 2022 remains unchanged at 2.2%. Growth forecasts inemerging economies remain largely unchanged, with China's forecast at 8% for 2021 and 5.6% for2022. India's forecast for 2021 stands at 8.8%, and is forecast at 7% in 2022. Russia's GDP growthforecast remains unchanged at 4% for 2021 and 2.7% for 2022. Brazil's economic growth forecast for2021 is unchanged at 4.7%, while growth for 2022 was revised down to 1.5%. The spread of COVID19 variants and the effectiveness of vaccines, as well as the pace of vaccine rollouts worldwide,remain key uncertainties. Moreover, supply chain bottlenecks and sovereign debt levels in manyregions, together with rising inflationary pressures and the responses of central banks, remain keyfactors that require close monitoring.

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Indian Rupee has Strength In market and Dollar is Likely To Weigh

Jan 19 2022 11:17AM

Strength in the dollar overseas ahead of the Fed meeting next week is likely to continue to keep theIndian rupee under pressure in early trades on Wednesday, 19 January 2022. Besides, elevated crudeoil prices and pessimistic global cues could further weigh on investor sentiments.On Tuesday, rupee extended decline for the third consecutive session by 33 paise to close at 74.58against the US dollar. At the interbank foreign exchange market, the local currency opened at 74.36against the American currency and witnessed an intra-day low of 74.60 during the session. The rupeefinally settled at 74.58, down 33 paise over its previous close of 74.25 against the greenback.Domestic equity benchmarks ended with deep cuts on Tuesday. The barometer index, the S&P BSESensex, slumped 554.05 points or 0.90% to 60,754.86. The Nifty 50 index lost 195.05 points or1.07% to 18,113.05. Foreign portfolio investors (FPIs) sold shares worth Rs 1,254.95 crore, whiledomestic institutional investors (DIIs), were net sellers to the tune of Rs 220.20 crore in the Indianequity market on 18 January, provisional data showed.Overseas, Asian stocks are trading lower on Wednesday following an overnight sell-off on Wall Street.US stocks fell sharply Tuesday as government bond yields hit Covid-era highs and after GoldmanSachs reported disappointing earnings. Microsoft announced that the software giant will buy videogame company Activision Blizzard in an all-cash transaction valued at $68.7 billion.Spiking US treasury yields has lifted the dollar with all focus next week's meeting of the U.S. FederalReserve, which is highly anticipated to signal a rate hike in March for the first time in more than threeyears. The dollar index stayed firm in early Asian trades, after posting its best daily gain in two weeksin the previous session and rising to a one-week high against a basket of currencies on Wednesday.The dollar index, that tracks the greenback against a basket of currencies was seen quoting at 95.76,following a decline to 94.63 last week. The U.S. 10-year yield hit a two-year peak of 1.88% overnight.

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Crude Oil Fund Managers Sharply Raise Long Positions

Jan 18 2022 9:50PM


Large energy speculators added to their net long positions in the WTI Crude Oil futures market lastweek, according to the latest Commitment of Traders (COT) data. The non-commercial futurescontracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a netposition of 360505 contracts in the data reported through week ended January 10, 2022. This was aweekly surge of 27680 net contracts and pushed up net longs further from around two and half yearlow. The commercial trader's position, hedgers or traders engaged in buying and selling for businesspurposes, totaled a net position of -396940 contracts on the week. This was a weekly change of-26984 net contract

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Indian Rupee is Likely To Stay Under Pressure

Jan 18 2022 9:43PM

Elevated crude oil prices and sustained foreign fund outflows from Indian markets are seen addingpressure on the domestic currency in open trades on Tuesday, 18 January 2022. However, weaknessin the greenback overseas could lend some support to the local unit.On Monday, rupee dropped for the second consecutive session to close at 74.24 against the US dollar.At the interbank foreign exchange market, the local currency opened at 74.18 against the Americancurrency and witnessed an intra-day high of 74.16 and a low of 74.36 during the session. The rupeefinally settled at 74.24, down 9 paise over its previous close of 74.15 against the greenback.Domestic equity benchmarks ended with minor gains on Monday. The barometer index, the S&P BSESensex, gained 85.88 points or 0.14% to 61,308.91. The Nifty 50 index gained 52.35 points or 0.29%to 18,308.10. Foreign portfolio investors (FPIs) sold shares worth Rs 855.47 crore, while domesticinstitutional investors (DIIs), were net sellers to the tune of Rs 115.31 crore in the Indian equitymarket on 17 January, provisional data showed.Overseas, Asian stocks are mostly up on Tuesday, with investors continuing to monitor the globaleconomic recovery from COVID-19. Chinese President Xi Jinping cautioned against a rapid rise ininterest rates on Monday that could derail the global recovery from the coronavirus pandemic. U.S.markets remained closed on Monday for Martin Luther King Jr. Day.Meanwhile, the Organization of the Petroleum Exporting Countries, or OPEC, is due to release itsmonthly oil market report on Tuesday where traders are likely to watch for signs that global oildemand has been affected by the surge in Covid cases around the world.Meanwhile, the US dollar is seen subdued despite US treasury yields soaring at near two-year highsamid increased speculation of a Federal Reserve rate hike as soon as March. The dollar index isignoring rise in treasury yields that is normally supportive of the greenback. The 10-year US Treasuryyield rose as much as four basis points to 1.82%, the highest since January 2020. The dollar index,that tracks the greenback against a basket of currencies eased back and is seen quoting at 95.18.

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US Industrial Production Pulls Back Slightly In December

Jan 17 2022 10:58AM

US industrial production edged down by 0.1 percent in December after climbing by an upwardlyrevised 0.7 percent in November, the Federal Reserve reported on Friday. The unexpected dip inproduction came as utilities output tumbled by 1.5 percent in December after a revised 1.9 percentjump in November. The report showed manufacturing output also fell by 0.3 percent in Decemberfollowing a 0.6 percent increase in the previous month. Meanwhile, the Fed said mining output surgedup by 2.0 percent in December after rising by 0.5 percent in November.

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China Cuts Rates On Policy Loans For First Time Since 2020

Jan 17 2022 10:57AM

China's central bank, on Monday cut the borrowing costs of its medium-term loans for the first timesince April 2020 to cushion any economic slowdown. The People's Bank of China (PBOC) said it waslowering the interest rate on CNY 700 billion (USD 110.19 billion) of one-year medium-term lendingfacility (MLF) loans to some financial institutions by 10 basis points to 2.85 percent from 2.95 percentin previous operations. With CNY 500 billion of MLF loans maturing on Monday, the operation resulteda net CNY 200 billion of fresh fund injections into the banking system. The central bank also loweredthe borrowing costs of seven-day reverse repurchase agreements, or repos, by the same margin to2.10 percent from 2.20 percent, when it offered another CNY 100 billion of reverse repos into thebanking system on the day, compared with CNY 10 billion of such short-term liquidity tool due onMonday.

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Indian Rupee:is Likely To Stay In Narrow Range in todays trade

Jan 17 2022 10:56AM

The Indian rupee could continue to stay on side-lines in opening trades on Monday, 17 January 2022as dollar holds on to weekend gains as investors look forward to US Fed's January meeting. Thegreenback witnessed a big jump on Friday along with treasury yields from hawkish rates outlook.Besides, sustained foreign fund outflows from Indian markets and higher crude prices could alsoweigh down the local unit.On Friday, rupee snapped its five-day winning streak and tumbled by 25 paise to close at 74.15against the US dollar, in line with other emerging market currencies. At the interbank foreignexchange market, the local currency witnessed an intra-day high of 74.05 and a low of 74.21 againstthe US dollar. It finally settled at 74.15, down 25 paise over its previous close of 73.90.Domestic indices ended almost flat with negative bias on Friday. The barometer index, the S&P BSESensex, fell 12.27 points or 0.02% at 61,223.03. The Nifty 50 index declined 2.05 points or 0.01% at18,255.75. Foreign portfolio investors (FPIs) sold shares worth Rs 1,598.20 crore, while domesticinstitutional investors (DIIs), were net buyers to the tune of Rs 371.41 crore in the Indian equitymarket on 14 January, provisional data showed. Overseas, Asian stocks are trading mixed on Mondayafter release of Chinese economic data.US markets will remain closed today for Martin Luther King Jr. Day. US stocks ended mixed Fridayafter sentiment on Wall Street appeared to sour on heightened anticipation for higher interest ratesand concerns over the economic outlook. New York Fed President John Williams, a key ally of FedChairman Jerome Powell, said Friday that he expects economic growth to slow in 2022 to a 3.5%annual rate, from an estimated 5.5% rate last year, on the spread of omicron.Meanwhile, the US dollar index, which declined sharply last week until Friday's leap, sat at 95.18 inearly Asia on Monday. US Fed policymakers signalled they will start to raise interest rates in March tocombat sky-high inflation.

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US Producer Price Index Gains Marginally

Jan 14 2022 4:51PM

The US Labor Department released a report on Thursday showing a slight uptick in US producer pricesin the month of December. The Labor Department said its producer price index for final demand edgedup by 0.2% in December after jumping by an upwardly revised 1% in November. The uptick inproduce prices came as a 0.5% rise increase in prices for services was partly offset by a 0.4% fall inprices for goods. Excluding food, energy and trade prices, core producer prices rose by 0.4% inDecember after climbing by 0.8% in November. The annual rate of producer growth slowed to 9.7% inDecember from a record high 9.8% in November. The yearly core price growth was unchanged at6.9%.

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Pre-session :Nifty below 18,000; IT shares fall for third day

Jan 19 2022 11:13AM

Indian intradaydomestic equity benchmarks traded with significant cuts in morning trade. The Nifty was tradingbelow the 18,000 mark. Shares fell across the board with IT, FMCG and healthcare stocks decliningthe most.At 10:26 IST, the barometer index, the S&P BSE Sensex, was down 438.15 points or 0.72% to60,316.71. The Nifty 50 index lost 123.85 points or 0.68% to 17,989.20.In the broader market, the S&P BSE Mid-Cap index fell 0.67% while the S&P BSE Small-Cap indexshed 0.24%.The market breadth was negative. On the BSE, 1382 shares rose and 1798 shares fell. A total of 112shares were unchanged.Firm global crude prices and increasing expectations of March rate hike by US central bank dentedinvestors' sentiment.Results Today:JSW Energy (down 0.58%), JSW Ispat (down 4.33%), Larsen & Toubro Infotech (down 3.94%), TataCommunications (up 1.76%), Tata Investment (down 0.37%), Bajaj Auto (up 1.30%), ICICI LombardGeneral Insurance (down 0.12%), CEAT (down 1.24%), Saregama India (down 2.51%), Mastek (up1.05%), CCL Products (up 0.66%), Oracle Financial Services Software (down 0.52%), SterliteTechnologies (up 0.09%) and Syngene International (down 1.19%) will announce their quarterlyearnings today.Buzzing Index:The Nifty IT index fell 1.70% to 37,444.70, extending losses for third day. The index has declined3.56% in three sessions.L&T Technology Services (down 7.17%), Mphasis (down 2.83%), MindTree (down 1.83%), Infosys(down 1.68%), Wipro (down 1.56%), HCL Tech (down 1.46%), Tech Mahindra (down 1.20%), Coforge(down 1.09%) and TCS (down 1.08%) declined.Stocks in Spotlight:Just Dial fell 2.25% to Rs 820.75. The local search engine company reported 61.2% drop in net profitto Rs 19.4 crore on 6.3% fall in operating revenue to Rs 158.90 crore in Q3 December 2021 over Q3December 2020.Trident hit a lower circuit of 5% at Rs 61.40. The company reported an 88% jump in consolidated netprofit to Rs 211 crore on an 84% rise in revenue from operations to Rs 1,980 crore in Q3 FY22 overQ3 FY21.RITES added 0.43% to Rs 268.90. The transport infrastructure consultancy and engineering companyhas entered into a Memorandum of Understanding (MoU) with CSIR-Central Road Research Institute(CRRI) to explore opportunities for cooperation in the infrastructure sector.COVID-19 Update:In last 24 hours, India registered 2,82,970 new COVID-19 infections in a day taking the tally to3,79,01,241, according to the Union Health Ministry data on Wednesday. The country reported 441new deaths taking the death toll to 4,87,202. The country recorded 1,88,157 recoveries, taking thetotal number of recoveries to 3,55,83,039. The active cases comprise 4.83% of the total infections,while the national COVID-19 recovery rate has decreased to 93.88%, the ministry said

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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]