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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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Infosys, Bharti Airtel and APSEZ have been focused in todays trade.

Sep 23 2021 10:19PM

Intraday trading stocks like Infosys announced a strategic collaboration with Amazon Web Services (AWS) to develop quantumcomputing capabilities and use cases. Infosys will use Amazon Braket to explore and build multipleuse cases in quantum computing as part of Infosys Cobalt cloud offerings.Bharti Airtel said that the 'Record Date' for the purpose of determining the shareholders who shall beeligible to receive the rights entitlement in the issue is September 28. The rights issue will open on 5October 2021 and closes on 21 October 2021.Adani Ports and Special Economic Zone (APSEZ) has concluded acquisition of Government of AndhraPradesh's (GoAP) stake of 10.4% with a consideration of Rs 645 crore.Jubilant Ingrevia said that Jubilant Life Sciences International Pte., Singapore, a wholly ownedsubsidiary of the company has divested its entire 10% stake, consisting of 5,40,463 shares, held inSafe Foods Corporation for a consideration of US $ 18.2 Million (approx. Rs 134.2 crore).Sarda Energy & Minerals has approved a provisional tariff for the 113 MW hydropower project ofsubsidiary Madhya Bharat Power Corporation, considering 85% of the cost of the project incurred asof March 2021 with return on equity of 15.5% per annum

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Infosys, ZEE Entertainment, Mphasis have been highlighted in todays trade

Sep 23 2021 12:25AM

Infosys announced its collaboration with ServiceNow, the leading digital workflow company that makes work, workbetter for people, to provide enterprise-level service management for customers in manufacturing industries.The board of directors of ZEE Entertainment Enterprises (ZEEL) unanimously provided an in-principleapproval for the merger between Sony Pictures Networks India (SPNI) & ZEE. The merger is in linewith ZEEL's strategy of achieving higher growth and profitability as a leading media & entertainmentcompany across South Asia.Mphasis announced acquisition of Blink UX, a User Experience research, strategy, and design firm thatworks with some of the world's leading enterprises to create transformative digital products, brands,and experiences.MTAR Technologies has received NADCAP certification for its 100% Export Orient Unit (EOU) atGandhinagar, Hyderabad and Unit 5 at IDA Jeedimetla Hyderabad for a period of 12 months, validuntil November 2022.Torrent Power has entered into a Share Purchase Agreement with CESC, Haldia Energy and otherNominal Shareholders (the Sellers) for the acquisition of 100% of the share capital of Surya Vidyut(the SPV), wholly owned subsidiary of CESC.Nucleus Software Exports said that the meeting of the board of directors of the company is scheduledon 24 September 2021, to consider the proposal for buy back of the fully paid-up equity shares of thecompany.Surya Roshni has procured an order amounting to Rs 41.22 crore (excluding GST) for implementing ofsmart LED Street Lights and installation of centralized monitoring system with operation andmaintenance from Greater Noida Industrial Development Authority (GNIOA) through e-bidding.KEC International secured new orders of Rs. 1,157 crores across its various businesses

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HCL Tech, Cadila Healthcare, Glenmark Pharma are in spotlight

Sep 22 2021 12:47AM

HCL Technologies announced a five-year, digital transformation deal with MKS Instruments Inc., a global provider of instruments, systems,subsystems and solutions for advanced manufacturing processes, to improve performance, productivity and speed to market.Shares of SBI Cards and Payment Services will be in focus. CA Rover Holdings, an affiliate of Carlyle Asia may reportedly sell 3.2 crore shares inthe company through a block trade. Shares are being offered at Rs 1,021 to Rs 1,072.3 each.Zydus Healthcare, a wholly owned subsidiary of Cadila Healthcare has entered into an agreement with Integrace Private Limited ('Purchaser') tosell two brands viz. Mifegest and Cytolog.Glenmark Pharmaceuticals (Glenmark) has received final approval by the United States Food & Drug Administration (U.S. FDA) for ClindamycinPhosphate Foam, 1%, the generic version of Evoclin1 Foam, 1%, of Mylan Pharmaceuticals Inc.Kitex Garments has signed the Memorandum of Understanding (MoU) with Telangana State Government for investing Rs. 2,406 crores in thestate of Telangana. The investment is planned at Kakatiya Mega Textile Park, Warangal and Industrial Park, Sitarampur, Rangareddy District.Action Construction Equipment launched its Qualified Institutions Placement on Monday. The floor price has been fixed at Rs 254.55 per share forthe offer.

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Indian stocks Wipro, Cadila Healthcare, IRB Infra have been highlighted

Sep 21 2021 12:25AM

Wipro announced the launch of the Wipro-Google Cloud Innovation Arena in Bangalore, India. This cloud collaboration space will provide in-housetechnical expertise, ensure seamless cloud adoption, and accelerate innovation to drive business transformation for customers.Zydus Cadila has received final approval from the USFDA to market Vortioxetine Tablets in the strengths of 5 mg, 10 mg, 20 mg (US RLD:Trintellix Tablets). Vortioxetine is used to treat depression.NODWIN Gaming, an independent subsidiary of Nazara Technologies has acquired the Gaming and adjacent IP business of OML Entertainment.NODWIN Gaming has agreed to a consideration of Rs 73 crore as part of an agreement concluded between NODWIN Gaming and OMLEntertainment.IRB Infrastructure Developers said that IRB Sindhudurg Airport Private Limited, its wholly owned subsidiary has now received Aerodrome licensefrom the Director General of Civil Aviation.Orissa Minerals Development Company received Stage - II/Final approval of the Ministry of Environment, Forest & Climate Change for diversionof 21.52 hectares of forest land in Uliburu Reserve Forest (including 2.107 hectares of safety zone) for iron ore mining in Bagiaburu iron oremines of the company in Keonjhar district, Odisha during 3rd RML period.HLE Glascoat announced the signing of definitive agreements to acquire the global business of Thaletec GmbH, Germany as well as its subsidiaryThaletec USA, as a part of its strategy to strengthen its position further in the global markets with innovative technology.

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Infosys, Hero MotoCorp and Biocon have been focused

Sep 18 2021 12:13AM

Infosys announced that it would collaborate with Frost Bank to provide strategic business consulting and digital capabilities that will enable FrostBank to offer mortgage loans along with its other consumer loan products.Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from September 20, 2021.The price hike across the range of motorcycles and scooters will be up to Rs. 3,000. The exact quantum of increase will depend on the model andthe market.Shares of Kotak Mahindra Bank will be in focus. Kotak Mahindra Group (Kotak) and Volkswagen Finance Private Limited (VWFPL) announced thatKotak has acquired the vehicle financing loan portfolio of VWFPL, the Indian captive financing arm of Volkswagen Group. Kotak Mahindra PrimeLimited (Kotak Prime) will acquire the passenger cars and two-wheelers portfolio, and Kotak Mahindra Bank Limited (KMBL) will acquire thecommercial vehicles portfolio of VWFPL.Biocon Biologics (BBL), a subsidiary of Biocon and Serum Institute Life Sciences Private Limited (SILS), a subsidiary of Serum Institute of IndiaPvt. Ltd. announced a strategic alliance. Under the terms of the agreement, BBL will offer approximately 15% stake to SILS, at a post-moneyvaluation of ~$4.9 billion.TVS Motor Company announced a partnership with EGO Movement as a majority shareholder, in an all-cash deal through its SingaporeSubsidiary TVS Motor (Singapore) Pte Ltd.Balkrishna Industries informed that it has commenced the trial production at Green Field Project located at F-20 - Waluj, Aurangabad,Maharashtra with an installed capacity of 30,000 MT per annum along with warehousing facility for raw materials and finished goods.

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Wipro, Infosys and Hindustan Copper have been highlighted

Sep 17 2021 12:13AM

Intraday Trading stocks like Wipro: The IT major announced that it has secured a multiyear contract from Kuala Lumpur- headquartered Maxis Broadband Sdn Bhd, aleading converged solutions provider.Infosys: The IT major announced announced a strategic collaboration with SAP, a market leader in enterprise application software, to provideBusiness Process Transformation-as-a-Service to enterprises.Hindustan Copper: Government plans to sell 10% of the company's equity through an Offer for Sale. The initial plan is for the sale of 4.83 croreshares or 5% of the total equity with a green shoe option to sell another 4.83 crore shares or 5% of the total equity. The floor price of Rs 116 pershare. The OFS opens for non-retail investors today and for retail investors tomorrow.H.G. Infra Engineering: The company has received the letter of award from National Highways Authority of India for two HAM projects.Fineotex Chemical: The company has entered into a strategic collaboration with Eurodye-CTC, Belgium, to commercialize specialty chemicalsfor the Indian market.

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Zee Entertainment, JSPL and Shree Cement are concentrated

Sep 15 2021 11:20PM

Intraday Trading stocks like Shree Cement: The board of directors of the company has approved setting up of an integrated cement plant at Village Gothra in NawalgarhTehsil of Rajasthan and solar power plants at various locations to meet the captive requirement of the cement plants of the company.Zee Entertainment Enterprises (ZEE): Ace investor Rakesh Jhunjhunwala through investment arm Rare Enterprises bought 50 lakh shares inZEE at an average price of Rs 220.44 per share in a block deal on the NSE on Tuesday. BOFA SECURITIES EUROPE SA also bought 48.65 lakhshares at an average price of Rs 236.20 per share.Auto stocks: The Union cabinet is reportedly likely to consider a production linked incentive (PLI) scheme for specific segments in theautomobile sector on Wednesday.Jindal Steel and Power (JSPL): Credit rating agency CRISIL Ratings has upgraded its rating from CRISIL A with "stable" outlook to CRISIL A+with "Positive" outlook on the Long Term Bank Facilities and from "CRISIL A2+" to "CRISIL A1+" for Short Term Bank Facilities of the company.Dynacons Systems & Solutions: Won an e-governance contract worth Rs 7.46 crore for development & management of GMDMA website,disaster management app and command & control system along with comprehensive maintenance of automatic weather stations, flow levelsensor from the Municipal Corporation of Greater Mumbai.

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Vijaya Diagnostic, Ami Organics and HCL Technologies have been focused

Sep 14 2021 11:11PM

Intrading trading Shares of Ami Organics will debut on the bourses today, 14 September 2021. The offer price is Rs 610 per equity share.Shares of Vijaya Diagnostic Centre will debut on the bourses today, 14 September 2021. The final issue price has been fixed at Rs 531 per share.HCL Technologies and HANCOM Inc., one of the leading South Korean software companies, have signed a strategic partnership to shareadvanced software technology solutions and establish a mutual bridgehead for overseas expansion.Zee Entertainment Enterprises said that Manish Chokhani and Ashok Kurien have resigned from the position of non-executive non-independentdirectors of the company with immediate effect. Invesco Developing Markets Fund and OFI Global China Fund LLC in a letter on September 11requisitioned EGM to remove Punit Goenka, Manish Chokhani and Ashok Kurien as directors.Redington (India) said that its step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S. Turkey concluded its binding Share PurchaseAgreement to acquire 100% shares of Brightstar Telekomünikasyon Dagitim Ltd. Sti (Brightstar), for $35 million.Dilip Buildcon said that its subsidiary Bangalore Malur Highways has received the letter of the appointed date from the National HighwaysAuthority of India.KNR Constructions said that the company is in receipt of Letter of Acceptance for HGCL - Widening of Existing Service roads from Nanakramgudato TSPA and Narsingi to Kollur and BT Overlay of Bitumen pavement from Gachibowli to Shamshabad of Outer Ring Road, Hyderabad, worth Rs.312.79 crore.

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Cabinet approves sovereign guarantee for bad bank

Sep 17 2021 12:15AM

The Union Cabinet has approved central government guarantee up to Rs 30,600 crore to back security receipts (SRs) to be issued by NationalAsset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets.The government guarantee, which will be valid for five years, can be invoked by NARCL for meeting the shortfall between the face value of theSRs and the actual realization upon resolution or liquidation. GoI's guarantee will also enhance liquidity of SRs as such SRs are tradable.NARCL proposes to acquire stressed assets of about Rs 2 lakh crore in phases within extant regulations of Reserve Bank of India (RBI). It intendsto acquire these through 15% cash and 85% in SRs.NARCL has been incorporated under the Companies Act and has applied to RBI for license as an Asset Reconstruction Company (ARC). NARCLhas been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain 51% ownership inNARCL.The government is also setting up an India Debt Resolution Company Ltd (IDRCL) to manage the Non-Performing Assets (NPAs). IDRCL is aservice company/operational entity which will manage the asset and engage market professionals and turnaround experts. Public Sector Banks(PSBs) and Public FIs will hold a maximum of 49% stake and the rest will be with private sector lenders.The NARCL will acquire assets by making an offer to the lead bank. Once NARCL's offer is accepted, then, IDRCL will be engaged for managementand value addition.The new structure will incentivize quicker action on resolving stressed assets thereby helping in better value realization. Further, it will bringabout improvement in bank's valuation and enhance their ability to raise market capital.Capitalization of NARCL would be through equity from banks and Non-Banking Financial Companies (NBFCs). It will also raise debt as required.The GoI guarantee will reduce upfront capitalization requirements.NARCL is intended to resolve stressed loan assets above Rs 500 crore each amounting to about Rs 2 lakh crore. In phase I, fully provisionedassets of about Rs. 90,000 crore are expected to be transferred to NARCL, while the remaining assets with lower provisions would be transferredin phase II.

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Rattanindia Enterprises welcomes Govt.'s PLI scheme for Drones

Sep 15 2021 11:22PM

Rattanindia Enterprises welcomes the Production Linked Incentive (PLI) scheme announced by the Govt. of India today. The PLI Scheme for the Drones and Dronecomponents industry addresses the strategic, tactical and operational uses of this revolutionary technology. A product specific PLI scheme for drones with clear revenuetargets and focus on domestic value addition is key to building capacity and making these key drivers of India's growth strategy.As per the Govt. of India's press release, with this PLI scheme, Drone services (operations, logistics, data processing, traffic management etc.) is likely to grow to Rs30,000 crore in next 3 years and generate over 5 lac jobs. Drone sector is a key priority area for the government and has been given preferential treatment to promotethe sector and help achieve the goal of making India a global drones hub by 2030.Recently Rattanindia Enterprises had made strategic investment in US based drone company Matternet. Matternet has the most extensive drone logistics networkworldwide. RattanIndia Enterprises has also announced incorporation of a wholly owned subsidiary to undertake the drones business in India

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Infosys and RIL, Hinduja Global Solutions have been concentrated

Sep 14 2021 11:14PM

Infosys launched Infosys Equinox to help enterprises securely deliver hyper-segmented, personalized omnichannel commerce experiences forB2B and B2C buyers.Jio and Google announced that they have made considerable progress towards launching the much-awaited JioPhone Next, the made-for-Indiasmartphone being jointly designed by the companies. Jio Platforms (Jio) is a majority-owned subsidiary of RIL.Hinduja Global Solutions announced that the Crown Commercial Services (CCS) Framework renewed the company's approval to supply contactcentre and business services solutions on the CCS Framework in the UK.The board of directors of Arvind SmartSpaces (ASL) approved the allotment of 68.5 lakh equity shares aggregating to about Rs. 85 crore to HDFCCapital Affordable Real Estate Fund-1 (H-CARE 1) and the promoters of ASL at the price of Rs. 124 per share.Dilip Buildcon said that its wholly owned subsidiary Bangalore Malur Highways has received the financial closure from the National HighwaysAuthority of India.The Supreme Court upheld the arbitral award in favour of Reliance Infrastructure's subsidiary DAMEPL. Delhi Metro Rail Corporation is directed topay damages of Rs.2,950 crore plus interest upto the date of payment to DAMEPL. The proceeds from the arbitral award to be utilized for debtreduction.Prakash Industries has been declared as successful bidder in respect of Bhaskarpara Coal Mine in the 12th Tranche of auction of Coal Mines.

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Dhunseri Tea & Industries Ltd, Orchid Pharma Ltd, G G Engineering Ltd and Gujarat Lease Financing Ltd

Jun 25 2021 11:07PM

Dhunseri Tea & Industries Ltd, Orchid Pharma Ltd, G G Engineering Ltd and Gujarat Lease Financing Ltd are among the other losers in the BSE's 'B' group today, 25 June 2021.Inventure Growth & Securities Ltd tumbled 13.04% to Rs 4 at 14:34 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 20.14 lakh shares were traded on the counter so far asagainst the average daily volumes of 4.45 lakh shares in the past one month.Dhunseri Tea & Industries Ltd lost 10.00% to Rs 457.2. The stock was the second biggest loser in 'B' group.On the BSE, 36772 shares were traded on the counter so far as against the average dailyvolumes of 14984 shares in the past one month.Orchid Pharma Ltd crashed 10.00% to Rs 1069.1. The stock was the third biggest loser in 'B' group.On the BSE, 768 shares were traded on the counter so far as against the average daily volumes of1193 shares in the past one month.G G Engineering Ltd corrected 9.20% to Rs 23.7. The stock was the fourth biggest loser in 'B' group.On the BSE, 2.69 lakh shares were traded on the counter so far as against the average daily volumesof 2.24 lakh shares in the past one month.Gujarat Lease Financing Ltd fell 9.06% to Rs 2.41. The stock was the fifth biggest loser in 'B' group.On the BSE, 3201 shares were traded on the counter so far as against the average daily volumes of7452 shares in the past one month.

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Vedanta Resources is one of the world's leading oil & gas and metals company

Jun 23 2021 7:28PM

The miner said that the coal block is an optimal fit for the company's Jharsuguda smelter given its logistical location and annual capacity. The mine has geological reserves of1,680 million tonnes and an estimated per annum capacity of 8 million tonnes. Once operational, it will provide fuel security, improve power availability and further strengthenthe company's aluminium operations and performance.On a consolidated basis, Vedanta reported a net profit to Rs 7,629 crore in Q4 FY21 as compared to a net loss of Rs 12,083 crore in Q4 FY20. Net sales increased by 42.8%year-on-year (Y-o-Y) to Rs 27,874 crore during the quarter, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPLand improved commodity prices.Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, ironore, steel, and aluminium & power across India, South Africa, Namibia, and Australia.

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NTPC reports around 3-fold jump in Q4 consolidated net profit

Jun 22 2021 12:34AM

NTPC has reported results for fourth quarter and year ended March 31, 2021.
The company has reported around 4-fold jump its net profit at Rs 4,479.22 crore for the quarter under review as compared to Rs 1,252.44 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 0.14% at Rs 28,239.82 crore for Q4FY21 as compared Rs 28,278.75 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported around 3-fold jump in its net profit attributed to shareholders at Rs 4,541.79 crore for the quarter under review as compared to Rs 1,534.70 crore for the same quarter in the previous year. Total income of the company increased by 1.14% at Rs 31,687.24 crore for Q4FY21 as compared Rs 31,330.25 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a rise of 36.16% in its net profit at Rs 13769.52 crore as compared to Rs 10112.81 crore for the previous year. Total income of the company increased by 3.06% at Rs 103,552.71 crore for year under review as compared to Rs 100,478.41 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a rise of 26.16% in its net profit attributed to shareholders at Rs 14,634.63 crore as compared to Rs 11,600.23 crore for the previous year. Total income of the company increased by 2.82% at Rs 115,546.83 crore for year under review as compared to Rs 112,372.58 crore for year ended March 31, 2020.


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Info Edge (India) reports around 3-fold jump in Q4 consolidated net profit

Jun 22 2021 12:33AM

Info Edge (India) has reported results for fourth quarter and year ended March 31, 2021.
The company has reported a rise of 60.24% in its net profit at Rs 66.69 crore for the quarter under review as compared to Rs 41.62 crore for the same quarter in the previous year. However, total income of the company decreased by 3.39% at Rs 330.67 crore for Q4FY21 as compared Rs 342.29 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported around 3-fold jump in its net profit attributed to the owners at Rs 306.22 crore for the quarter under review as compared to Rs 119.10 crore for the same quarter in the previous year. Total income of the company increased by 2.78% at Rs 359.33 crore for Q4FY21 as compared Rs 349.60 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a rise of 31.74% in its net profit at Rs 270.94 crore as compared to Rs 205.67 crore for the previous year. However, total income of the company decreased by 10.51% at Rs 1,217.37 crore for year under review as compared to Rs 1,360.31 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported net profit attributed to the owners of Rs 1,407.08 crore against net loss of Rs 237.62 crore for the previous year. Total income of the company decreased by 10.37% at Rs 1,269.52 crore for year under review as compared to Rs 1,416.40 crore for year ended March 31, 2020.

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Tata Motors’ arm commences bookings for new F-PACE SVR in India

Jun 22 2021 12:32AM

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has commenced bookings for the updated version of F-PACE SVR SUV in the country. Sitting at the top of the Jaguar performance SUV range, the new F-PACE SVR is faster than ever and features motorsport-inspired exterior design, a luxurious interior and the latest connected technologies.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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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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DSP Mutual Fund has filed offer document with SEBI to launch

Jun 2 2021 9:01PM

DSP Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘DSP Nifty 50 Equal weight ETF ’ . The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY50 Equal Weight Index. The minimum application amount is Rs 5000.
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors.

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Nippon India CPSE Bond Plus SDL G Sec Index Fund.

Jun 1 2021 8:39PM

India Mutual Fund Nippon has filed offer document with SEBI to launch an open-ended Target Maturity Index fund named ‘Nippon India CPSE Bond Plus SDL G Sec Index 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 options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by Nifty CPSE Bond Plus SDL Plus G-Sec Jun 2031 45:50:5 Index. The minimum application amount is Rs 1000 and multiples of Re 1 thereafter.
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 CPSE Bond Plus SDL Plus G-Sec Jun 2031 45:50:5 Index before expenses, subject to tracking errors.

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Kotak Mahindra Mutual Fund (MF) has launched the Kotak Nifty 50 Index Fund

May 31 2021 12:32PM

Kotak Mahindra Mutual Fund (MF) has launched the Kotak Nifty 50 Index Fund, an open-ended scheme replicating / tracking Nifty 50 index. The NFO opens for subscription on May 24, 2021 and closes on June 07, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100 and in multiples of Re 1 for purchase and of Re 0.01 for switches.
The performance of the Scheme is measured against Nifty 50 Index TRI and its fund managers are Devender Singhal, Satish Dondapati and Abhishek Bisen.
The investment objective of the scheme is to replicate the composition of the Nifty 50 and to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors.

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Profit Krishna

Indian Rupee: Likely To Stay Supported As Risk Appetite Improves

Sep 24 2021 11:49PM

The Indian rupee is expected to track a rally in global equities in opening trades on Friday, 24September 2021 as fears of contagion from China Evergrande Group's debt crisis seems to ease.Besides, dollar struggling near a one-week low on improving risk appetite is also likely to support thedomestic currency.On Thursday, rupee rebounded by 23 paise to close at 73.64 against the US dollar. At the interbankforex market, the local unit opened flat at 73.85 against the greenback. During the session, thedomestic unit witnessed an intra-day high of 73.61 and finally settled at 73.64. On Wednesday, therupee had declined by 26 paise to close at a nearly four-week low of 73.87 against the US currency.Domestic equity barometers ended near the day's high after a robust session on Thursday. Strongglobal cues boosted sentiment. The barometer index, the S&P BSE Sensex, surged 958.03 points or1.63% to 59,885.36. The Nifty 50 index advanced 276.30 points or 1.57% to 17,822.95. Foreignportfolio investors (FPIs) bought shares worth Rs 357.93 crore, while domestic institutional investors(DIIs), were net buyers to the tune of Rs 1,173.09 crore in the Indian equity market on 23September, provisional data showed.Overseas, Asian stocks are trading mixed on Friday even as U.S. shares rallied overnight and easingfears of contagion from China Evergrande Group's debt crisis. Although investors breathed a sigh ofrelief as concerns over China Evergrande's debt woes receded somewhat, it remains unclear if andhow the developer will pay the more than $300 billion of liabilities that it owes. US stocks gainedmore than 1% on Thursday as fears around a crisis in China's property market eased somewhat andas the Federal Reserve kept current monetary stimulus in place for just a little bit longer. The Bank ofEngland on Thursday maintained its stimulus amount and record-low interest rate, even as it warnedthat UK annual inflation would top 4% this year.Meanwhile, the US Dollar Index, which measures the currency against a basket of six rivals, fell to alow of 92.98 overnight before recovering back to 93 level mark and is currently seen at 93.11. Dollarwas pushed lower by improving global risk appetite, lifting oil and global equities, even as hawkishcomments from the Bank of England pushed up yields globally. A day earlier, the Federal Reserve saidit could begin reducing its monthly bond purchases by as soon as November, and that interest ratescould rise quicker than expected by next year.

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Profit Krishna

MCX Crude jumped 1.80% to close at Rs 5420 per barrel

Sep 24 2021 11:47PM

MCX Crude jumped 1.80% to close at Rs 5420 per barrel. Oil prices rose sharply with WTI futuresbreaking above $73 per barrel amid firm equities. Oil was supported by growing fuel demand and adraw in US crude inventories as production remained hampered in the Gulf of Mexico after latesthurricanes. Royal Dutch Shell, the largest US Gulf of Mexico oil producer, said damage to offshoretransfer facilities from Hurricane Ida will cut production into early next year. Oil is currently trading upmarginally at $73.36 per barrel.

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Profit Krishna

Indian Rupee: Strength In Dollar Likely To Limit Gains

Sep 23 2021 10:24PM

Optimistic global markets are indicating a positive start to the Indian rupee on Thursday, 23September 2021, although a strengthening dollar overseas is expected to limit gains. The Fed said "amoderation in the pace of asset purchases may soon be warranted", with Chairman Jerome Powelladding that board members believed tapering could conclude around mid-2022, opening the way forinterest rate hikes after that.On Wednesday, rupee fell by 26 paise to close at 73.87 against the US currency. At the interbankforeign exchange market, the local currency opened at 73.70 and witnessed an intra-day high of73.66 and a low of 73.93 against the US dollar. The local unit finally settled at 73.87 a dollar, down26 paise over its previous close. On Tuesday, the rupee had settled at 73.61 against the US dollar.Domestic key equity indices ended with small losses after a volatile session on Wednesday. Thebarometer index, the S&P BSE Sensex, slipped 77.94 points or 0.13% to 58,927.33. The Nifty 50index lost 15.35 points or 0.09% to 17,546.65. Foreign portfolio investors (FPIs) sold shares worth Rs1,943.26 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs1,850.02 crore in the Indian equity market on 22 September, provisional data showed.Overseas, Asian stocks are trading mostly higher on Thursday as investors continue monitoring thesituation surrounding China Evergrande Group. Markets in Japan are closed on Thursday. US stocksrallied on Wednesday after the Federal Reserve indicated it doesn't see an imminent rollback of themonetary stimulus that has been supporting the economy throughout the pandemic.The central bank has been buying $120 billion a month of Treasury's and mortgage-backed securitiessince the start of the Covid crisis. The Federal Open Market Committee voted unanimously to keepshort-term rates anchored near zero on Wednesday. The Fed is split on the timing of the first interestrate hike. Wednesday's so-called dot plot of projections showed nine of the 18 FOMC members expecta rate increase in 2022. That's up from seven in June's Fed projections.Meanwhile, the dollar pushed higher after the FOMC rate decision, as the U.S. Federal Reserve plansto begin asset tapering and raise interest hikes a lot soon than expected. The dollar index, thatmeasures the greenback against a basket of currencies bounced back to hit back to its best level inone-month after briefly edging below the 93 levels overnight. DXY is currently quoting at 93.44.

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Profit Krishna

Copper Spikes Nearly 3%

Sep 23 2021 10:23PM

Copper moved up as a bounce from one month low continued on firm equities. The DOW held up wellon sustained risk appetite as sliding US Covid-19 cases and firm commodities boosted sentiments.The red metal currently trades down 0.40% at $4.20 per pound. The LME Copper inventories havepulled back after rising consistently over last few months, lending some support to the red metal. LMECopper inventories are currently around lowest level in seven weeks. MCX Copper futures ended at Rs716 per kg, up nearly 2.90% on the day as Indian Rupee slipped sharply. INR fell near 74 mark inintraday moves, testing around three week low. The local currency closed at 73.87 per US dollar,down 26 paise on the day, extending recent losing spree.

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Profit Krishna

Crude Moves Above $71 Mark On Supportive Equities

Sep 23 2021 12:30AM

Crude edged up on supportive equities. Some bargain buying was visible in the US stocks on Tuesdayas the Federal Reserve kicked off its two-day meeting. WTI Crude stayed supported after testing oneweek low. Media reports noted that the US may soon relax entry rules for travelers from the UK andEuropean Union who are vaccinated against Covid-19, a measure that will spur a rebound in transAtlantic travel and will boost the demand for Aviation Turbine Fuel. WTI Crude moved above $71 perbarrel mark on these cues today, adding more than a percent on the day. MCX Crude ended at Rs5200 per barrel mark, almost unchanged on the day after falling near Rs 5130 per barrel in intradaymoves.

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Profit Krishna

Indian Rupee: Likely To Stay Supported As Dollar Loses Lustre

Sep 23 2021 12:29AM

Fading dollar strength overseas is expected to keep the recovery momentum in the Indian rupeeintact in opening trades on Wednesday, 22 September 2021, although cautiousness prevails in worldmarkets ahead of Fed. Sustained foreign fund inflows into the Indian markets is also likely to keeprupee supported. However, regional equities tracking a slump in the Wall Street overnight could weighdown the local unit.On Tuesday, rupee rebounded by 13 paise to close at 73.61 against the US dollar following a firmtrend in domestic equities and losses in the American currency in the overseas market. At theinterbank forex market, the local unit opened flat at 73.74 against the greenback. During the session,the domestic unit witnessed an intra-day high of 73.58 and finally settled at 73.61. On Monday, therupee had dropped by 26 paise to settle at a nearly four-week low of 73.74 against the US dollar.Domestic key equity indices reversed early losses and ended with sharp gains on Tuesday. Recoveringglobal cues boosted sentiment. The barometer index, the S&P BSE Sensex, advanced 514.34 points or0.88% to 59,005.27. The Nifty 50 index added 165.10 points or 0.95% to 17,562. Foreign portfolioinvestors (FPIs) bought shares worth Rs 1,041.92 crore, while domestic institutional investors (DIIs),were net buyers to the tune of Rs 2,167.62 crore in the Indian equity market on 21 September,provisional data showed.Overseas, Asian stocks are trading lower Wednesday as traders assess the debt crisis at ChinaEvergrande Group and gird for a Federal Reserve meeting that is expected to signal a reduction instimulus later this year. Markets in Hong Kong are closed for a holiday. Property companyEvergrande, which has more than $300 billion of liabilities, missed some interest payments dueMonday and investors are seeking clues about how Beijing plans to deal with the cash crunch.US stocks on Tuesday fought to rebound from Monday's rout, but failed as the Dow Jones Industrialaverage trended lower for most of the session and closed in the red. Worries over troubles atdeveloper China Evergrande kept a lid on the market. Investors were cautious ahead of the FederalReserve's decision on interest rates and release of economic forecasts on Wednesday. Investors arelooking for more information from Fed Chairman Jerome Powell on Wednesday about the centralbank's plans to taper its bond buying, specifically when that will happen. Powell said last month thathe sees the Fed slowing its $120 billion in monthly purchases at some point this year.Meanwhile, the dollar stayed almost flat in early Asia on Wednesday, as the Federal Reserve kickedoff its two-day meeting on Tuesday, and is expected to deliver its monetary policy statement onWednesday. The US dollar index, which measures the greenback against a trade-weighted basket ofsix major currencies, fell 0.07% to 93.18 overnight and is currently quoting at 93.22.

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Profit Krishna

Indian Rupee: Dollar Strength Likely To Weigh

Sep 21 2021 12:26AM

Dollar strengthening to one month high on tapering sentiments ahead of the crucial Federal Reserve's September meeting is bound to pull theIndian rupee lower on Monday, 20 September 2021. Besides, weakness in domestic and regional equities amid cautious global cues is also likelyto weigh down the local unit.On Friday, rupee closed 4 paise higher at 73.48 against the US dollar on Friday, tracking a broad weakness in the American currency overseas.At the interbank forex market, the local unit opened flat at 73.49 against the greenback. During the session, the domestic unit witnessed anintra-day high of 73.42 and a low of 73.55. On a weekly basis, the rupee gained 2 paise against the American currency.Domestic equity indices snapped three-day winning streak and ended with small losses on Friday. The barometer index, the S&P BSE Sensex, fell125.27 points or 0.21% at 59,015.89. The Nifty 50 index lost 44.35 points or 0.25% at 17,585.15. Foreign portfolio investors (FPIs) boughtshares worth Rs 1,552.59 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,398.55 crore in the Indianequity market on 17 September, provisional data showed.Overseas, Asian stocks are trading lower on Monday, with shares of embattled Chinese developer China Evergrande Group continuing to drop.Markets in mainland China, Japan and South Korea are closed on Monday for holidays. US stocks dipped on Friday as investors remain cautiousdue to a resurgent Covid virus and a historical tendency for September to be a weak month for equities. Investor focus for the week will likely beon the U.S. Federal Reserve's upcoming September meeting for clues on the central bank's tapering of its easy monetary policy.Meanwhile, the dollar began the week firmly on Monday with investors in a cautious mood ahead of several central bank meetings, headlined bythe Federal Reserve, while looming catastrophe at indebted developer China Evergrande added to markets' fragility. The US dollar index rosevery slightly to a month-high 93.34.

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Profit Krishna

Indian Rupee have been Sustained Foreign Fund Inflows To Support

Sep 17 2021 12:19AM

Weakness in dollar overseas and sustained foreign fund inflows are likely to keep the Indian rupee supported on Thursday, 16 September 2021.However, expectations of a subdued start to domestic and regional equities could add some pressure on the local unit in opening trades.On Wednesday, rupee closed 18 paise higher at 73.50 against the US dollar, tracking a firm trend in domestic equities and sustained foreign fundinflows. At the interbank forex market, the local unit opened flat at 73.68 against the greenback. During the session, the domestic unit witnessedan intra-day high of 73.50 and a low of 73.74. In the previous session, the rupee had settled at 73.68 against the US dollar.Domestic equity benchmarks ended near the day's high after a strong session on Wednesday. The barometer index, the S&P BSE Sensex, surged476.11 points or 0.82% to 58,723.20. The Nifty 50 index advanced 139.45 points or 0.80% to 17,519.45. Foreign portfolio investors (FPIs)bought shares worth Rs 232.84 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 167.67 crore in the Indianequity market on 15 September, provisional data showed.Meanwhile, all eyes are on the GST Council meeting scheduled on Friday, 17 September 2021 in Lucknow. The agenda for the GST Council meetincludes considering taxing petrol, diesel and other petroleum products under the single national GST regime.Overseas, Asian stocks are trading mixed on Thursday, with casino shares in Hong Kong mostly seeing another day of losses. Chinese stockslisted in the U.S. slid the sixth day and U.S. casino firms with exposure to Macau tumbled. Officials have signaled tighter curbs on operators inthe gaming hub, again spotlighting Beijing's regulatory curbs.In US, the S&P 500 and Dow Jones indexes rose on Wednesday on mildly positive factory data and higher oil prices, although concerns over aslowing economic recovery and higher corporate taxes kept sentiment subdued.Meanwhile, the dollar stays range bound as focus turns to next week's Federal Reserve policy meeting for indications on how soon the U.S centralbank will start to taper stimulus. The dollar index, which measures the currency against six rivals, was at 92.483, little changed from Wednesday.It reached a two-week high of 92.887 at the start of the week, only to drop to a one-week low at 92.321 on Tuesday after a softer-than-expectedinflation report.

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Profit Krishna

Post-Session: Sensex closes above 60,000 mark, Nifty ends above 17,850 and ended with modest gains on Friday.

Sep 24 2021 11:45PM

Indian equity intraday trading ended with modest gains on Friday. The Nifty closed a tad above the 17,850mark. IT shares advanced after Accenture announced strong Q4 earnings. Realty shares extendedrecent gains while FMCG and metal shares corrected.The S&P BSE Sensex, added 163.11 points or 0.27% to 60,048.47. The Nifty 50 index gained 30.25points or 0.17% to 17,853.20. Both the indices attained record closing levels.The Sensex hit a record high of 60,333 while the Nifty hit an all-time high of 17,947.65 in morningtrade.Asian Paints (up 3.72%), HDFC Bank (up 1.98%) and Infosys (up 1.25%) supported the indices.Tata Steel (down 3.60%), Axis Bank (down 1.74%), ITC (down 1.67%) and Hindustan Unilever (down1.44%) were major drags.The broader market corrected on profit selling. The S&P BSE Mid-Cap index fell 1.16%. The S&P BSESmall-Cap index shed 0.30%.Sellers outnumbered buyers. On the BSE, 1341 shares rose and 1922 shares fell. A total of 159shares were unchanged.COVID-19 Update:Total COVID-19 confirmed cases worldwide stood at 23,06,19,562 with 47,29,061 deaths. Indiareported 3,00,162 active cases of COVID-19 infection and 4,46,368 deaths while 3,28,48,273 patientshave been discharged, according to the data from the Ministry of Health and Family Welfare,Government of India.A total of 84,09,03,125 COVID-19 vaccine doses have been administered in the country so far, withover 72.01 lakh doses being given yesterday, according to the Co-WIN dashboard.Economy:The Reserve Bank of India (RBI) Governor Shaktikanta Das said that there are signs that the world isemerging from the shadow of coronavirus. While delivering the keynote address at the 48th NationalManagement Convention of the All India Management Association, Das said the time is right to planfor an economy that is stronger, more inclusive and sustainable.Stating that the pandemic has provided a new impetus to technology-driven companies such asfintech, edtech and health tech, RBI Governor Shaktikanta Das said the forces of 'creative destruction'are expected to boost productivity by encouraging greater competition, dynamism and innovation inseveral sectors of the economy.Talking about the achievements of India's manufacturing sector, Das said the country has turned frombeing an importer to an exporter of mobile phones. He said the trend is likely to spill over to othersectors also; enhancing India's share in the Global Value Chain and increasing the competitiveness ofIndia's large and Micro, Small and Medium Enterprises.However, warning of uneven global recovery, the RBI Governor said multilateralism will lose credibilityif it fails to ensure equitable access to vaccines across countries. He added that securing the healthand immunity of the poor would mean a great leap towards inclusive growth.Numbers to Track:In the foreign exchange market, the partially convertible rupee rose to 73.6875 from its previousclosing of 73.64.MCX Gold futures for 5 October 2021 settlement rose 0.04% to Rs 46,073.The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, wasdown 0.34% to 93.14.In the commodities market, Brent crude for November 2021 settlement rose 15 cents or 0.19% to$77.40 a barrel.The yield on 10-year benchmark federal paper rose to 6.182% from its previous close of 6.140%.Global Markets:European stocks declined across the board on Friday, 24 September 2021, as investors reacted tocentral bank policy decisions and monitor developments surrounding China Evergrande Group.The European Central Bank President Christine Lagarde told the media that she believes Europe'sdirect exposure to the embattled Chinese property company Evergrande would be "limited."Meanwhile, the Bank of England on Thursday maintained its stimulus amount and record-low interestrate, even as it warned that UK annual inflation would top four percent this year. The BoE 's ninestrong monetary policy committee (MPC) voted unanimously to hold its key borrowing cost at 0.1%.Policymakers reportedly voted 7-2 in favour of keeping its so-called quantitative easing stimulus atalmost £900 billion ($1.2 trillion, 1.0 trillion euros).Asian stocks ended mixed on Friday. Investors breathed a sigh of relief as concerns over ChinaEvergrande's debt woes receded somewhat. It, however, remains unclear if and how the developerwill pay the more than $300 billion of liabilities that it owes.U.S. stocks rallied on Thursday as they staged a two-day relief rally after the Federal Reserve signaledno imminent removal of its ultra-easy monetary policy. Investors also bet that the debt crisis ofChina's real estate giant Evergrande wouldn't trigger a ripple effect across global markets.The number of Americans applying for unemployment aid rose last week for a second straight week to351,000, a sign that the delta variant of the coronavirus may be disrupting the job market's recovery,at least temporarily.New Listings:Shares of Sansera Engineering settled at Rs 818.70 on the BSE, at a premium of 10.04% ascompared with the issue price of Rs 744 per share. The scrip was listed at Rs 811.35, a premium of9.05% to the initial public offer (IPO) price.The stock has hit a high of Rs 842 and a low of Rs 800.80 during the day. Around 11.43 lakh sharesof the company changed hands in the counter on the BSE.The IPO of Sansera Engineering opened for bidding on 14 September 2021 and closed on 16September 2021. The price band of the IPO was Rs 734-744 per share.The IPO received bids for 13.88 crore shares as against 1.21 crore shares on offer. The issue wassubscribed 11.47 times.Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precisionengineered components across automotive and non-automotive sectors.Buzzing Index:The Nifty IT index rose 0.78% to 37,103.25. The index has added 4.81% in four sessions.Larsen & Toubro Infotech (up 3.53%), HCL Technologies (up 2.37%), Infosys (up 1.25%), MindTree(up 1.28%), Mphasis (up 0.82%), TCS (up 0.25%) and Wipro (up 0.33%) advanced.IT stocks were in demand after IT services and consulting major Accenture on Thursday reportedstrong fourth quarter earnings.Accenture Plc.'s revenue increased 24% year-on-year to $13.42 billion in the quarter nded August.For the full fiscal, revenue rose 14% over the preceding year to $50.5 billion.Accenture expects revenues for the first quarter of fiscal 2022 to be in the range of $13.90 billion to$14.35 billion, an increase of 18% to 22% in local currency, reflecting the company's assumption of apositive 0.5% foreign-exchange impact compared with the first quarter of fiscal 2021. For fiscal 2022,the company expects revenue growth to be in the range of 12% to 15% in local currency.Stocks in Spotlight:Cadila Healthcare shed 0.38%. The drug major's US-based subsidiary received the final approval fromthe US drug regulator to market apremilast tablets in the strengths of 10 mg, 20 mg, 30 mg. Thetablets are indicated for the treatment of adult patients with moderate to severe plaque psoriasis whoare candidates for phototherapy or systemic therapy.Shilpa Medicare fell 2.31%. The company said that it has entered into a definitive agreement withCadila Healthcare for production and supply of the ZyCov-D vaccine drug from its integrated biologicsR&D center at Dharwad, Karnataka. Under the agreement, Shilpa Biologicals, wholly owned subsidiaryof Shilpa Medicare, will be responsible for manufacture of the drug substance of the vaccine, whileCadila Healthcare will be responsible for filling, packaging, distribution and marketing of the vaccine inits territories.UltraTech Cement slipped 1.19%. The company plans to meet 100% of its electricity requirementthrough renewables sources by 2050. It has committed to Climate Group's RE100 initiative at ClimateWeek NYC 2021.Vedanta declined 2.27%. The company said that it will delist its American Depositary Shares (ADSs)from the New York Stock Exchange and terminate its American Depositary Share program.IRCON International rose 2.81%. The company has won a bid to set-up 500 MW solar power plantthrough e-reverse auction with a viability gap funding (VGF) of Rs 224.70 crore under CPSU SchemeII floated by Indian Renewable Energy Development Agency (IREDA). The approximate cost of theproject is Rs 2400 crore.PVR dropped 3.22%. CRISIL has downgraded long term credit rating on PVR's bank loan facilities toA+/Negative from AA-/Negative, and short term rating to A1 from A1+.Dilip Buildcon advanced 3.29%. The Supreme Court of India has in effect confirmed appointment ofDilip Buildcon (DBL) & VPR Mining Infrastructure (VPR), as the mine developer cum operator, byPunjab State Power Corporation at the Pachhwara Central Coal Block Mine. The total contract value ofthe tender is Rs 32,156.04 crore.

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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]