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Profit Krishna

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

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

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* Disclaimer: These recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy and sell securities based on the above information in this column are solely responsible for their actions. The author won't be liable or responsible for any sort of financial and legal loses suffered by the traders.
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MT Educare spurts after fund buying

Nov 24 2017 1:08PM

On the BSE, 2.90 lakh shares were traded on the counter so far as against the average daily volumes of 30,483 shares in the past one quarter. The stock had hit a high of Rs 75.90 and a low of Rs 71.55 so far during the day. The stock had hit a 52-week high of Rs 139.40 on 25 January 2017. The stock had a 52-week low of Rs 53 on 17 November 2017.The stock had outperformed the market over the past 30 days till 23 November 2017, rising 9.44% compared with 1.65% rise in the Sensex. The scrip had outperformed the market in past one quarter, gaining 9.62% as against Sensex's 6.30% rise. The scrip, however, underperformed the market in past one year, sliding 41.69% as against Sensex's 29.88% rise.The small-cap company has equity capital of Rs 39.82 crore. Face value per share is Rs 10.VISA CAPITAL PARTNERS bought 2.50 lakh shares of MT Educare at Rs 68.05 per share in a bulk deal on NSE yesterday, 23 November 2017. The stock had jumped 20% to settle at Rs 68.40 yesterday, 23 November 2017.MT Educare's consolidated net profit fell 56.95% to Rs 2.29 crore on 4.01% decrease in net sales to Rs 78.73 crore in Q1 June 2017 over Q1 June 2016.MT Educare is one of the leading education support and coaching services provider in school, science and commerce streams across Maharashtra and has operations in other states like Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Karnataka, Punjab, Haryana, Assam, Uttar Pradesh and Gujarat.



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Skipper firms up after JV with Israel company

Nov 24 2017 1:06PM

On the BSE, 23,000 shares were traded in the counter so far, compared with average daily volumes of 78,160 shares in the past one quarter. The stock had hit a high of Rs 277 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 258.10 so far during the day. The stock hit a 52-week low of Rs 127.80 on 22 December 2016.The stock had outperformed the market over the past 30 days till 23 November 2017, rising 12.82% compared with 1.65% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 26.96% as against Sensex's 6.30% rise. The scrip had also outperformed the market in past one year, rising 89.79% as against Sensex's 29.88% rise.The small-cap company has equity capital of Rs 10.24 crore. Face value per share is Re 1.Skipper said its board gave in-principal approval to form a joint venture (JV) with MetzerPlas Cooperative Agricultural Organization, which is one of the largest and most specialised manufacturers of drip irrigation solutions from Israel. The drip irrigation business holds immense potential in India and is one of the focus sectors of the government. The current domestic industry size is estimated at over Rs 5000 crore and the company expects this sector to grow at a robust pace and for the JV to become a major player in it in the years to come. Detailed terms and conditions are yet to be decided and will be informed to the exchange separately when things will get finalized, the company said.Net profit of Skipper fell 30.3% to Rs 23.24 crore on 31.9% rise in net sales to Rs 515.62 crore in Q2 September 2017 over Q2 September 2016. The result was announced during trading hours yesterday, 23 November 2017.Skipper is an integrated transmission tower manufacturing company. It also makes plastic pipes & fittings.

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Lakshmi Vilas Bank drops on profit booking

Nov 24 2017 1:06PM

On the BSE, 1.28 lakh shares were traded in the counter so far, compared with average daily volumes of 1.77 lakh shares in the past one quarter. The stock had hit a high of Rs 187.95 and a low of Rs 180.50 so far during the day. The stock hit a record high of Rs 209.80 on 6 July 2017. The stock hit a 52-week low of Rs 133 on 23 November 2016.The stock had outperformed the market over the past one month till 23 October 2017, rising 19.19% compared with 1.83% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 4.44% as against Sensex's 0.86% rise. The scrip had also outperformed the market in past one year, surging 33.49% as against Sensex's 15.36% rise.The mid-cap company has equity capital of Rs 191.91 crore. Face value per share is Rs 10.Shares of Lakshmi Vilas Bank had gained 20.31% in six trading sessions to settle at Rs 184.75 yesterday, 23 November 2017, from its close of Rs 153.55 on 15 November 2017.Net profit of Lakshmi Vilas Bank fell 83.8% to Rs 10.50 crore on 8.7% rise in total income to Rs 902.76 crore in Q2 September 2017 over Q2 September 2016.Lakshmi Vilas Bank is a full-fledged commercial bank. As on 30 September 2017, the bank had 511 branches, 7 extension counters, 983 ATMs in 16 states and 1 union territory, the bank offers various bouquets of products and services.


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IFB Industries reverses rally on profit booking

Nov 22 2017 5:52PM

On the BSE, 4,341 shares were traded in the counter so far as against average daily volume of 9,562 shares in the past one quarter. The stock had hit a record high of Rs 1,325 in intraday trade today, 22 November 2017. The stock had hit a low of Rs 1,272 so far during the day. The stock had hit a 52-week low of Rs 397.40 on 20 November 2017.The stock had outperformed the market over the past 30 days till 21 November 2017, rising 43.83% compared with 2.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 84.72% as against Sensex's 6.05% rise. The scrip also outperformed the market in past one year, jumping 200.50% as against Sensex's 28.96% rise.The mid-cap company has equity capital of Rs 40.52 crore. Face value per share is Rs 10.On a consolidated basis, IFB Industries' net profit rose 91.41% to Rs 35.64 crore on 40.12% rise in net sales to Rs 623 crore in Q2 September 2017 over Q2 September 2016.IFB Industries' product range includes Fine Blanked components, tools and related machine tools like Straighteners, Decoilers, Strip loaders and others. The engineering divisions are located at Kolkata & Bangalore. The Bangalore unit, apart from Fine Blanked components, manufactures motors for white goods as well as automotive applications.

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Jyothy Laboratories sizzles after bulk deal

Nov 22 2017 5:51PM

Bulk deal boosted volume on the scrip. On the BSE, so far 6.36 lakh shares were traded in the counter, compared with average daily volumes of 11,044 shares in the past one quarter. The stock hit a high of Rs 369.70 and a low of Rs 350 so far during the day. The stock hit a record high of Rs 441 on 19 September 2017. The stock hit a 52-week low of Rs 322.50 on 27 December 2016.The stock had underperformed the market over the past 30 days till 21 November 2017, sliding 9.73% compared with 2.99% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 6.96% as against Sensex's 6.05% rise. The scrip also underperformed the market in past one year, rising 2.68% as against Sensex's 28.96% rise.The mid-cap company has equity capital of Rs 18.18 crore. Face value per share is Re 1.On a consolidated basis, net profit of Jyothy Laboratories rose 46.93% to Rs 45.71 crore on 4.31% rise in net sales to Rs 429.91 crore in Q2 September 2017 over Q2 September 2016.Jyothy Laboratories is a fast moving consumer goods company. It is involved in the manufacturing and marketing of products in fabric care, mosquito repellant, surface cleaning and personal care products. The company's power include Ujala, Maxo, Exo, Henko, Pril, and Margo.

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NCC gains after consortium bags coal mine project from NTPC

Nov 22 2017 12:46PM

On the BSE, 4.06 lakh shares were traded in the counter so far, compared with average daily volumes of 5.46 lakh shares in the past two weeks. The stock had hit a high of Rs 114.80 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 111.40 so far during the day. The stock hit a 52-week low of Rs 71.25 on 22 November 2016.NCC announced that the consortium formed between the company and BCR Infra has been awarded the project relating to "mine development and operation of Talaipalli coal block" (MDO project) by NTPC. A special purpose vehicle to be formed between NCC and BCR Mining & Infra with a sharing ratio of 51:49 will execute the project. The coal production from this coal block as per the coal mines development and production agreement being entered into in this regard is expected to commence in the financial year 2019-2020.The Talaipalli coal block, located in Chattisgarh has been allocated by the Government of India, Ministry of Coal to NTPC. The coal from this block is to be put to captive use for the 4000 megawatts (MW) Lara integrated power project being established by NTPC.The MDO project basically comprises of major activities, i.e., mine development, coal crushing & conveyer system, excavation of over burden, conveying of coal upto rapid loading system into railway wagons, development of mining infrastructure and construction of R&R colony. The total over burden is to be removed around 1739 million bulk cubic metres (MBCM) and the coal to be extracted is 404 million tons. The project duration is 27 years including 2 years development.The peak rated capacity of the mine is 18 million tonnes per annum to be achieved by the 5th year of commencement of operation. The value of the project is estimated to be Rs 25,071 crore to be executed over 25 years and the annual revenue at rated capacity is about Rs 1000 crore at current prices. The contract provides for escalation of mining fees.Net profit of NCC declined 60.3% to Rs 20.30 crore on 33.3% decline in net sales to Rs 1300.12 crore in Q2 September 2017 over Q2 September 2016.NCC is engaged in the construction/project activities in the infrastructure sector.

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Talbros Automotive jumps after stellar Q2 result

Nov 22 2017 12:45PM

Meanwhile, the S&P BSE Sensex was up 88.96 points, or 0.27% at 33,567.31. The S&P BSE Small-Cap index was up 62.24 points, or 0.35% at 17,875.31.On the BSE, 46,000 shares were traded on the counter so far as against the average daily volumes of 6,759 shares in the past one quarter. The stock had hit a high of Rs 232 and a low of Rs 222.20 so far during the day. The stock had hit a record high of Rs 235 on 22 September 2017. The stock had hit a 52-week low of Rs 116.20 on 22 November 2016.The small-cap company has equity capital of Rs 12.35 crore. Face value per share is Rs 10.Talbros Automotive Components is engaged in the manufacturing of gaskets and forgings.

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HDFC Standard Life extends post listing gains

Nov 22 2017 12:40PM

Shares of HDFC Standard Life Insurance Company were listed on the stock exchanges on 17 November 2017. The stock listed on BSE at Rs 311, a premium of 7.24% over the initial public offer (IPO) price of Rs 290. On that day, the stock settled at Rs 344.25 on BSE, a premium of 18.71% over the issue price.The stock is currently up 35.84% over its IPO price of Rs 290.The IPO of HDFC Standard Life Insurance Company received bids for 107.74 crore shares. The IPO was subscribed 4.90 times. The price band for the IPO was Rs 275 to Rs 290 per share. The IPO opened for bidding on 7 November 2017 and closed on 9 November 2017.Ahead of the IPO, the company's board finalized allocation of 8 crore shares to 126 anchor investors at a higher end of the IPO price band at Rs 290 per share, aggregating to Rs 2321.98 crore.On a consolidated basis, HDFC Standard Life Insurance Company reported 8.59% rise in net profit to Rs 886.92 crore on 68.7% rise in total income to Rs 30784.80 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.HDFC Standard Life Insurance Company is among the top three life insurers in India by market share in new business premium, one of the most profitable life insurers based on the value of new business (VNB) margins and among the top five private life insurers in India. Established in 2000 as a joint venture between HDFC, one of India's leading housing finance institutions, and Standard Life Aberdeen Plc, one of the world's largest investment companies, initially through wholly owned subsidiary The Standard Life Assurance Company and now through wholly owned subsidiary Standard Life Mauritius.


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Zuari Agro Chemicals gets NCLT approval for scheme of amalgamation

Nov 17 2017 5:01PM

Zuari Agro Chemicals announced that Hon'ble National Company Law Tribunal bench at Mumbai, has vide its order dated 14 September, 2017 sanctioned the scheme of amalgamation of Zuari Fertilisers and Chemicals (ZFCL), Zuari Agri Sciences (ZASL) and Zuari Speciality Fertilisers (ZSFL) with the Company (Scheme), and the Scheme has become effective on 13 November 2017. In terms of the Scheme, Adventz Trading DMCC which was Wholly Owned Subsidiary of ZSFL has become wholly owned subsidiary of Zuari Agro Chemicals.




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Womens Next Loungeries allots 3.45 lakh equity shares

Nov 17 2017 5:00PM

Womens Next Loungeries has allotted 3.45 lakh equity shares at a price of Rs 60 per share (including premium of Rs 50 per share) on preferential basis to Non Promoters on 17 November 2017. Post the allotment, the paid up equity share capital of the Company stands increased to Rs 2.84 crore.




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NSE Futures Extend Break Under 65 Levels

Oct 16 2017 1:09PM

Indian Rupee gained today following a continued recovery in the local equities. After trimming intraday gains in mid-morning trade, key benchmark indices traded with modest gains in early afternoon trade. At 12:18 IST, the barometer index, the S&P BSE Sensex rose 128.09 points or 0.39% at 32,560.78. The Nifty 50 index advanced 44.65 points or 0.44% at 10,212.10. On the NSE, the benchmark USD/INR futures are trading down 0.28% at 64.84. This means that the INR has extended its last week’s break under 65 per US dollar levels.Earlier, both the Sensex and the Nifty had hit record high as positive trade data and encouraging comments from the IMF chief on the outlook for Indian economy cheered investors. Also, market sentiment was buoyant in a truncated trading week ahead of Diwali.Among secondary indices, the S&P BSE Mid-Cap index rose 0.14%. The S&P BSE Small-Cap index advanced 0.23%. Both the indices underperformed the Sensex. The breadth, indicating the overall health of the market, was positive. On the BSE, 1,278 shares rose and 992 shares declined. A total of 101 shares were unchanged.

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Sreeleathers jumps on buyback proposal

Oct 11 2017 12:54PM

On the BSE, 9,699 shares were traded on the counter so far as against the average daily volumes of 1,795 shares in the past one quarter. The stock had hit a high of Rs 207 and a low of Rs 193.05 so far during the day. The stock had hit a 52-week high of Rs 220 yesterday, 10 October 2017 and a record low of Rs 104 on 18 November 2016.The stock had outperformed the market over the past one month till 10 October 2017, advancing 21.13% compared with the Sensex's 0.75% rise. The stock had also outperformed the market over the past one quarter, gaining 12.03% as against the Sensex's 0.66% rise.The small-cap company has equity capital of Rs 25.16 crore. Face value per share is Rs 10.Sreeleathers' net profit rose 73.8% to Rs 4.31 crore on 48.1% growth in net sales to Rs 31.63 crore in Q1 June 2017 over Q1 June 2016.Sreeleathers is engaged in the business of dealing in footwear and leather accessories. The company is also engaged as retailer and wholesaler of footwear and leather articl

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Adani Transmission leads gainers on BSE's 'A' group

Oct 10 2017 6:39PM

Adani Transmission was locked at 10% upper circuit at Rs 193.25 at 13:20 IST after the company said it has entered into a period of exclusivity with Reliance Infrastructure for acquiring the latter's Mumbai operations. The announcement was made during market hours today, 10 October 2017. The stock topped the gainers in 'A' group. On the BSE, 4.64 lakh shares were traded on the counter so far as against the average daily volumes of 2.02 lakh shares in the past two weeks.Religare Enterprises spurted 9.92% at Rs 54.85. The stock was the second biggest gainer in 'A' group. On the BSE, 9.2 lakh shares were traded on the counter so far as against the average daily volumes of 3.42 lakh shares in the past two weeks.GHCL jumped 8.01% at Rs 236.55. The stock was the third biggest gainer in 'A' group. On the BSE, 6.07 lakh shares were traded on the counter so far as against the average daily volumes of 82,000 shares in the past two weeks.JM Financial climbed 5.63% at Rs 163.20. The stock was the fourth biggest gainer in 'A' group. On the BSE, 4.44 lakh shares were traded on the counter so far as against the average daily volumes of 2.44 lakh shares in the past two weeks.Bombay Dyeing & Manufacturing Company rose 5% at Rs 236.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.39 lakh shares were traded on the counter so far as against the average daily volumes of 10.77 lakh shares in the past two weeks.

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Volumes jump at Brigade Enterprises counter

Oct 9 2017 6:05PM

Brigade Enterprises clocked volume of 3.15 lakh shares by 13:41 IST on BSE, a 123.45-times surge over two-week average daily volume of 3,000 shares. The stock surged 6.02% at Rs 259.SRF notched up volume of 62,000 shares, a 17.46-fold surge over two-week average daily volume of 4,000 shares. The stock jumped 9.86% at Rs 1,732.45.Zee Media Corporation saw volume of 21.34 lakh shares, a 12.46-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 4.1% at Rs 40.60.Sun Pharma Advanced Research Company (SPARC) clocked volume of 10.01 lakh shares, a 11.6-fold surge over two-week average daily volume of 86,000 shares. The stock tumbled 7.09% at Rs 361.75 said that it did not meet the primary end points in the placebo controlled studies of Baclofen GRS in Phase III study. Baclofen GRS is a novel, once-a-day formulation developed by SPARC's proprietary Gastro-Retentive System (GRS) Technology. The GRS technology uses a combination of size expansion, adhesion and flotation techniques to permit once-a-day administration.Strides Shasun saw volume of 2.92 lakh shares, a 7.8-fold rise over two-week average daily volume of 37,000 shares. The stock rose 2.14% at Rs 856.

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Volumes jump at Brigade Enterprises counter

Oct 9 2017 6:05PM

Brigade Enterprises clocked volume of 3.15 lakh shares by 13:41 IST on BSE, a 123.45-times surge over two-week average daily volume of 3,000 shares. The stock surged 6.02% at Rs 259.SRF notched up volume of 62,000 shares, a 17.46-fold surge over two-week average daily volume of 4,000 shares. The stock jumped 9.86% at Rs 1,732.45.Zee Media Corporation saw volume of 21.34 lakh shares, a 12.46-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 4.1% at Rs 40.60.Sun Pharma Advanced Research Company (SPARC) clocked volume of 10.01 lakh shares, a 11.6-fold surge over two-week average daily volume of 86,000 shares. The stock tumbled 7.09% at Rs 361.75 said that it did not meet the primary end points in the placebo controlled studies of Baclofen GRS in Phase III study. Baclofen GRS is a novel, once-a-day formulation developed by SPARC's proprietary Gastro-Retentive System (GRS) Technology. The GRS technology uses a combination of size expansion, adhesion and flotation techniques to permit once-a-day administration.Strides Shasun saw volume of 2.92 lakh shares, a 7.8-fold rise over two-week average daily volume of 37,000 shares. The stock rose 2.14% at Rs 856.

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Volumes jump at Brigade Enterprises counter

Oct 9 2017 6:05PM

Brigade Enterprises clocked volume of 3.15 lakh shares by 13:41 IST on BSE, a 123.45-times surge over two-week average daily volume of 3,000 shares. The stock surged 6.02% at Rs 259.SRF notched up volume of 62,000 shares, a 17.46-fold surge over two-week average daily volume of 4,000 shares. The stock jumped 9.86% at Rs 1,732.45.Zee Media Corporation saw volume of 21.34 lakh shares, a 12.46-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 4.1% at Rs 40.60.Sun Pharma Advanced Research Company (SPARC) clocked volume of 10.01 lakh shares, a 11.6-fold surge over two-week average daily volume of 86,000 shares. The stock tumbled 7.09% at Rs 361.75 said that it did not meet the primary end points in the placebo controlled studies of Baclofen GRS in Phase III study. Baclofen GRS is a novel, once-a-day formulation developed by SPARC's proprietary Gastro-Retentive System (GRS) Technology. The GRS technology uses a combination of size expansion, adhesion and flotation techniques to permit once-a-day administration.Strides Shasun saw volume of 2.92 lakh shares, a 7.8-fold rise over two-week average daily volume of 37,000 shares. The stock rose 2.14% at Rs 856.

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BHARAT 22 ETF Floats On

Nov 20 2017 12:48PM

ICICI Prudential Mutual Fund has launched a new fund named as BHARAT 22 ETF, an open ended exchange traded fund investing in S&P BSE Bharat 22 Index. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 14 November to 17 November 2017.The investment objective of the Scheme is to invest in constituents of the underlying Index in the same proportion as in the underlying Index, and endeavor to provide returns before expenses, which closely correspond to the total returns of the underlying Index. However, the performance of the Scheme may differ from that of underlying index due to tracking error.The scheme will invest 95%-100% of its assets in securities of companies constituting the underlying index with medium to high risk profile and invest upto 5% of units of Liquid /Money Market Mutual Fund schemes, Money Market Instruments (with maturity not exceeding 91 days), including CBLO, Cash & Cash Equivalents with low to medium risk profile.The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.The fund seeks to collect a minimum subscription amount of Rs 10 crore under the scheme during the NFO period.Entry load and exit load charge are not applicable for the scheme.Benchmark Index for the scheme is S&P BSE Bharat 22 Index.The fund managers of the scheme is Kayzad Eghlim

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Mutual funds continue buying

Nov 17 2017 4:58PM

Mutual funds have bought stocks worth a net Rs 2325.93 crore on 10 November 2017, compared with net inflow of Rs 329.35 crore on 9 November 2017. The net inflow of Rs 2325.93 crore on 10 November 2017 was a result of gross purchases of Rs 4622.95 crore and gross sales of Rs 2297.02 crore. On 10 November 2017, the Sensex rose 63.63 points or 0.19% to settle at 33,314.56, its highest closing level since 7 November 2017.Mutual funds have bought shares worth a net Rs 3825.20 crore in November 2017 so far (till 10 November 2017). They had purchased shares worth a net Rs 9990.50 crore in October 2017.

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BHARAT 22 ETF Floats On

Nov 17 2017 4:57PM

ICICI Prudential Mutual Fund has launched a new fund named as BHARAT 22 ETF, an open ended exchange traded fund investing in S&P BSE Bharat 22 Index. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 14 November to 17 November 2017.The investment objective of the Scheme is to invest in constituents of the underlying Index in the same proportion as in the underlying Index, and endeavor to provide returns before expenses, which closely correspond to the total returns of the underlying Index. However, the performance of the Scheme may differ from that of underlying index due to tracking error.The scheme will invest 95%-100% of its assets in securities of companies constituting the underlying index with medium to high risk profile and invest upto 5% of units of Liquid /Money Market Mutual Fund schemes, Money Market Instruments (with maturity not exceeding 91 days), including CBLO, Cash & Cash Equivalents with low to medium risk profile.The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.The fund seeks to collect a minimum subscription amount of Rs 10 crore under the scheme during the NFO period.Entry load and exit load charge are not applicable for the scheme.Benchmark Index for the scheme is S&P BSE Bharat 22 Index.The fund managers of the scheme is Kayzad Eghlim

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Jeera Plummets On Fvaourable Sowing Conditions

Nov 17 2017 12:44PM

Sharp selling was seen in jeera due to possibility of bumper sowing in the current year. The sources stated that favourable sowing conditions in Rajasthan and Gujarat will witness strong jeera production in the current year. The daily arrivals have been reported at 3000 bags against total demand of 1000 bags. The prices have been trading in the range of Rs 18000-18500 per quintal. The sources added that total carryover stocks are reported in the range of 7-8 lakh bags against 18-19 lakh bags of the last year in the same period.

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Reliance Capital Builder Fund IV – Series A Floats On

Oct 6 2017 12:54PM

Reliance Mutual Fund has launched a new fund named as Reliance Capital Builder Fund IV - Series A, a close-ended equity oriented scheme with the duration of 3 years from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 29 September to 13 October 2017.The investment objective of the scheme is to provide capital appreciation to the investors, which will be in line with their long term savings goal, by investing in a diversified portfolio of equity & equity related instruments with small exposure to fixed income securities. Although, the objective of the Fund is to generate optimal returns, the objective may or may not be achieved.The scheme offers two options viz. growth and dividend payout option under both regular and direct plan.The scheme will allocate 80%-100% of assets in diversified equity & equity related instruments with high risk profile and invest upto 20% of assets in debt and money market instruments with low to medium risk profile.The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

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Mutual funds in buying mode

Oct 5 2017 1:05PM


Mutual funds have bought stocks worth a net Rs 1383.83 crore on 3 October 2017, compared with net inflow of Rs 1631 crore on 29 September 2017. The net inflow of Rs 1383.83 crore on 3 October 2017 was a result of gross purchases of Rs 2773.09 crore and gross sales of Rs 1389.26 crore. On that day, the Sensex gained 213.66 points or 0.68% to settle at 31,497.38, its highest closing level since 26 September 2017.Mutual funds bought shares for the ninth straight session. The market remained closed on Monday, 2 October 2017 on account of holiday.Mutual funds had bought shares worth a net Rs 17456.84 crore in September 2017

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UTI Long Term Advantage Fund – Series VI Floats On

Oct 5 2017 1:04PM


UTI Mutual Fund has launched a new fund named as UTI Long Term Advantage Fund – Series VI, a 10 year close – ended equity linked savings scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 05 October 2017 and closes on 05 January 2018.The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity & equity related instruments of companies along with income tax benefit.The scheme offers growth and dividend option with payout and switch facility.The scheme will allocate 80%-100% of assets in equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies with high risk profile and invest upto 20% of assets in money market instruments with low to medium risk profile.The minimum application amount is Rs 500 and in multiples of Rs 500 thereafter with no upper limit.The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.Entry load: Not applicableExit load: NilThe scheme's performance will be benchmarked against S&P BSE 200 Index.The scheme will be managed by Lalit Nambiar

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Kotak FMP Series 211 (1105 days) Floats On

Oct 4 2017 12:55PM

Kotak Mutual Fund has launched a new fund named as Kotak FMP Series 211, a close ended debt scheme with the duration of 1105 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 04 October to 11 October 2017.The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.The scheme offers growth and dividend payout option.The scheme shall invest 80%-100% of assets in debt securities (excluding money market instruments), invest upto 20% of assets in money market instruments with low to medium risk profile and invest upto 20% of assets in government securities with low risk profile. Investment in derivatives will be up to 50% of the net assets of the scheme.The minimum application amount is Rs 5000 and in multiples of Rs 10 for purchase and switch-ins.The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme.Entry load and exit load charge will be nil for the scheme.The scheme performance will be benchmarked against CRISIL Composite Bond Fund Index.Deepak Agarwal is the fund manager of the scheme.

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Indian Rupee: Eases From Three-Week Highs

Nov 24 2017 1:11PM

The Indian rupee inched higher at commencement against the dollar on Friday, 24 November 2017 but erased gains soon after, as the American currency gained traction among importers. However, the US dollar was listless against the euro in the global market after data showed that the euro zone economy continued to improve and job creation grew at its fastest pace in 17 years. Meanwhile, an upward movement in domestic equities prevented the rupee from going further down.The domestic currency opened at Rs 64.56 against the dollar but slipped to a low of 64.7475 so far during the day. In the spot currency market, the Indian unit was last seen trading at 64.7325. Yesterday, the rupee had staged a rebound and ended at a fresh three-week high of 64.58, jumping 34 paise, after US Fed minutes signalled a shallow rate hike path.Domestic indices edged higher in early trade amid mixed Asian stocks. At 9:30 IST, the barometer index, the S&P BSE Sensex, advanced 61.02 points or 0.18% at 33,649.10. The Nifty 50 index rose 18.90 points or 0.18% at 10,367.65. Auto stocks gained.Overseas, Asian stocks were mixed while investors viewed Chinese shares with caution after their big fall the previous day. Japanese manufacturing activity expanded at the fastest pace in more than three years in November, a preliminary survey showed. The Markit/Nikkei Japan Manufacturing flash Purchasing Managers Index (PMI) rose to 53.8 in November on a seasonally adjusted basis from a final reading of 52.8 in October. US stock markets remained closed yesterday, 23 November 2017 on account of Thanksgiving holiday.Meanwhile, the dollar index, which tracks the U.S. unit against a basket of six major rival currencies, was down 0.1 percent at 93.156 (DXY), and 0.5 percent lower for the week. The dollar wobbled in thin trading on Friday, on track for losses against most rivals in a holiday-shortened week as it remained under pressure on the Federal Reserve's cautious view on low U.S. inflation. U.S. markets were closed for the Thanksgiving holiday on Thursday. On Wednesday, the dollar skidded even after minutes from the Federal Reserve's latest policy meeting cemented expectations for an interest rate hike next month, as some policymakers fretted about stubbornly weak inflation.

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Copper Trading Up By 0.12% On Thursday

Nov 17 2017 4:56PM

Copper inventories in LME-registered warehouses fell by 3,900 tonnes to 251,550 tonnes, continuing a steady decline to the lowest since mid-September and supporting prices. Zinc and copper output in China in October jumped to the highest in almost three years. Zinc production rose 3.8 percent year-on-year to 577,000 tonnes and copper was up 6.3 percent at 781,000 tonnes. China's economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations.China's financial sector faces bubble risks, a government official said, adding that a property tax might be on the cards in the near future. Supply and demand for copper concentrate processed in China will be “basically balanced, with a slight surplus,” an official from the China Smelters Purchase Team (CSPT) said at an unscheduled meeting in Shanghai on Tuesday November 14, adding that a deficit does not exist.The CSPT, which sets benchmark treatment and refining charges (TC/RCs) for copper concentrate processed in China, reaffirmed its position in response to views expressed by miners at the recent London-based LME Week that there will be a shortage of concentrate next year.Indian Copper was trading at Rs 441.5 per kg, up 0.12%. The prices of Copper tested a low of Rs 439.35 per kg and a high of Rs 443.9 per kg.

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Chana Futures Down Almost 2 percent On Stockiest Selling

Nov 17 2017 4:55PM

Heavy selling was seen in chana market on the account of stockiest liquidation in local mandies along with anticipation of bumper supplies in current season. The sources stated that most of the stockiest have liquidated their stocks on the anticipation of bumper chana sowing in the current year. As per latest update from Ministry of Agriculture, chana area under cultivation, went up to 47.2 lakh ha from 32.93 lakh ha last year. The daily arrivals of chana increased to 40 motors against 30 motors of the last day, while spot prices decreased by Rs 150 per quintal at Delhi mandi to trade at Rs 5100per quintal. The NCDEX December futures plummeted by more than 1.78 percent today to close at Rs 4813 per quintal .

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Gold Down Before Critical Data

Nov 17 2017 4:54PM

Gold futures were steady Thursday morning as stocks looked to snap out of a recent funk. Gold was also dented by renewed expectations the Federal Reserve will raise interest rates in December. Core inflation rose toward the Fed's 2 percent target last month, official data revealed yesterday.Dec. gold was down 20 cents at $1277 an ounce, having bounced between $1270 and $1280 for much of the month. In addition to jobless claims data, the Fed's Industrial Production Index for October will be published as well. National Association of Home Builders/Wells Fargo's Housing Market Index for November will be published today. The consensus is for 67, compared to 68 a month ago.This is an exiting day for Fed watchers. Cleveland Federal Reserve Bank President Loretta Mester will give keynote address at Cato Institute's 35th Annual Monetary Conference: The Future of Monetary Policy, in Washington. Federal Reserve Governor Lael Brainard to deliver keynote remarks at FinTech Risks and Opportunities

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Indian Rupee Strengthens On Moody's India Upgrade

Nov 17 2017 12:43PM

The Indian rupee strengthened against the dollar in early trades on Friday, 17 November 2017 after the US-based rating agency Moody's upgraded India's sovereign credit rating. US-based Moody's upgraded India's sovereign credit rating by a notch to ‘Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms. The rating upgrade comes after a gap of 13 years -- Moody's had last upgraded India's rating to ‘Baa3' in 2004. In 2015, the rating outlook was changed to ‘positive' from ‘stable'. Besides, dollar selling by exporters and banks and the US unit's weakness against some currencies overseas further supported rupee.The domestic currency opened at Rs 64.75 against the dollar and climbed to a high of 64.63 so far during the day. In the spot currency market, the Indian unit was last seen trading at 64.8450, giving up some of its early day gains. The rupee on Thursday dropped by 11 paise to close at 65.32 against the US currency on fresh dollar demand from importers and banks after the US data raised prospects of rate hike by the Federal Reserve by the year-end that can trigger flight of foreign capital.Domestic benchmark indices traded with strong gains in morning trade. At 10:16 IST, the barometer index, the S&P BSE Sensex advanced 359.49 points or 1.09% at 33,466.31. The Nifty 50 index surged 104.90 points or 1.03% at 10,319.65. Positive global cues boosted sentiment. Investor risk appetite also soared on reports that rating agency Moody's Investors Service has upgraded sovereign rating of India a notch above investment grade after a long gap of 14 years.Overseas, Asian stocks edged higher as global equities appeared to bounce back after declines earlier in the week. US equities rose yesterday, 16 November 2017, rebounding from consecutive declines, following strong quarterly results.Meanwhile, the dollar slipped on Friday, weakened by a Wall Street Journal report that investigators into possible Russian interference in the 2016 U.S. presidential election had subpoenaed President Donald Trump's election campaign for documents. Special Counsel Robert Mueller's team issued the subpoena last month for documents containing specified Russian keywords from more than a dozen officials, according to the report. The dollar index against a basket of six major currencies (DXY) was down 0.35 percent at 93.593.

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Natural Gas Off Five Month High

Nov 10 2017 6:39PM

Natural Gas futures slipped a bit today as five month high levels triggered some profit selling amid a corrective spell in equities. The commodity is currently quoting at $3.19 per mmbtu, down 0.40% on the day. MCX Natural Gas futures are trading at Rs 208.80 per mmbu, down marginally on the day. The US Energy Information Administration (EIA) reported Thursday that US. natural gas stocks increased by 15 billion cubic feet for the week ending November 3. The five-year average for the week is an injection of 45 billion cubic feet, and last year’s storage injection for the week totaled 54 billion cubic feet. Prices have rallied off late as demand for the next seven days is expected to be high as chilly weather in the northern tier of states moves toward the more heavily populated northeastern states.Total US gas stockpiles fell week over week to 5.5% below last year’s level and remain 1.8% below the five-year average. The EIA reported that US working stocks of natural gas totaled about 3.790 trillion cubic feet, around 71 billion cubic feet below the five-year average of 3.861 trillion cubic feet and 219 billion cubic feet below last year’s total for the same period. Working gas in storage totaled 4.009 trillion cubic feet for the same period a year ago.




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Lax Trades In Gold As Broad Demand Concerns Weigh

Nov 10 2017 6:39PM

Gold stayed lax, lingering in a tight range as broad demand concerns weighed on the metal. The global Gold demand in Q3 fell to an eight-year low as ETF inflows slowed sharply, according to World Gold Council’s (WGC) Gold Demand Trends Q3 2017 update released today The third quarter saw a 9% year-on-year (y-o-y) drop in gold demand to 915 tonnes (t). Year-to-date (y-t-d) demand was down by 12%. ETFs had another quarter of positive inflows, but at 18.9t, they fell far short of the 144.3t influx in Q3 2016. A softer quarter in the jewellery sector (-3%) accounted for 17t of the y-o-y decline. Demand from other sectors firmed: central banks bought a healthy 111t of gold (+25% y-o-y) while bar and coin investment strengthened by 17% (to 222.3t), albeit from a low base.Gold jewellery demand fell in Q3. Jewellery volumes continue to languish below longer-term average levels. Indian weakness was the main reason for the y-o-y decline. Tax and regulatory changes in India weighed on domestic gold demand. The new tax regime deterred consumers, as did anti-money laundering measures governing jewellery retail transactions.Inflows into gold-backed ETFs stalled as holdings grew by just 18.9t. Investors continued to favour gold’s risk-hedging properties, but the greater focus was on rampaging stock markets.Gold bar and coin demand growth was driven by China. Global investment in bars and coins rose 17% from relatively weak year-earlier levels. Chinese investors bought on price dips, to notch up a fourth consecutive quarter of growth.Volumes of gold used in technology increased for the fourth consecutive quarter. Demand for memory chips continued to soar thanks to the persistent popularity of high-end smartphones. Total supply fell 2% in Q3. Mine production fell 1% y-o-y in Q3, which was also the fifth consecutive quarter of net de-hedging. Recycling activity (-6%) continued to normalise after jumping in 2016.COMEX Gold futures are trading at $1284.40 per ounce, almost unchanged on the day. MCX Gold futures are trading at Rs 29572 per 10 grams, up marginally on the day.


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MCX Zinc Slips Near Rs 210 Levels, Profit Selling Continues

Nov 7 2017 12:48PM

MCX Zinc futures are trading in red today as a recent drop extended further amid modest selling in equities. Metals have been soaring off late and intermittent profit corrections are being witnessed quite regularly now. For Zinc, the global demand drivers remain well positioned though buying interest is somewhat subdued as prices linger just below their ten year highs. MCX Zinc futures are trading at Rs 210.05 per kg, down 0.33% on the day. Prices have mostly slipped after hitting highs above Rs 218 in last month.Following higher zinc and lead prices and an exceptional gain of Rs291 crore, domestic mining major Hindustan Zinc Ltd (HZL) recently reported around 34% year-on-year jump in net profit to Rs2,545 crore in the quarter ended September 2017. London Metal Exchange (LME) zinc prices were up 31% from the year-ago period to $2,963/tonne, while LME lead prices were up 25% during the same period to $2,334/tonne, the company said.HZL also said revenue jumped 37.4% during the period to Rs 5,232 crore. Earnings before interest, tax, depreciation and amortization (Ebitda), an indicator of operating profitability, jumped 45.6% to Rs3,024 crore. The company said refined zinc-lead metal production rose 27% from the year-ago period to 230 kilo-tonnes, while zinc cost of production (before royalty) rose 22% to $984/tonne.

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Mid-Session:Pharma and cement stocks gain

Nov 24 2017 1:05PM

Key indices continued to trade firm in early afternoon trade as Government promulgating the ordinance to amend the Insolvency and Bankruptcy Code, 2016 perked up sentiment. At 12:20 IST, the barometer index, the S&P BSE Sensex, advanced 112.15 points or 0.32% at 33,696.86. The Nifty 50 index rose 44.40 points or 0.43% at 10,393.15.The market opened higher and held firm in the positive terrain so far during the session.The S&P BSE Mid-Cap index rose 0.6%. The S&P BSE Small-Cap index advanced 0.65%. Both these indices outperformed the Sensex.The breadth indicating health of the market was strong. On BSE, 1,551 shares rose and 906 shares declined. A total of 147 shares were unchanged.Pharma stocks gained for the second straight day. Sun Pharmaceutical Industries (up 0.74%), Aurobindo Pharma (up 1.75%), Cipla (up 0.74%), Lupin (up 0.43%), Wockhardt (up 0.45%), Dr Reddy's Laboratories (up 0.14%), and Glenmark Pharmaceuticals (up 0.15%) gained. Divi's Laboratories declined 0.45%.Cadila Healthcare rose 0.83% after the company said it has received approval from the USFDA for Minocycline Hydrochloride Extended - Release tablets. The announcement was made during market hours today, 24 November 2017. Zydus Pharmaceuticals (USA) Inc., a wholly owned subsidiary of Cadila Healthcare, has received the final approval from the USFDA to market Minocycline Hydrochloride Extended - Release tablets in strengths of 45 mg, 80 mg, 90 mg and 105 mg and 135 mg. Zydus also received the tentative approval for Minocycline Hydrochloride Extended - Release Tablets, 55 mg, 65 mg and 115 mg.Minocycline Hydrochloride Extended - Release tablets are a tetracycline-class drug, indicated to treat only inflammatory lesions of non-nodular moderate to severe acne vulgaris in patients 12 years of age and older, Cadila Healthcare said. It will be produced at the group's formulations manufacturing facility at Moraiya, Ahmedabad, the company said.Cement stocks also gained. Shree Cement (up 0.56%), Ambuja Cements (up 0.4%), and UltraTech Cement (up 0.54%) gained. ACC declined 0.13%.Grasim Industries advanced 0.59%. Grasim has exposure to the cement sector through its holding in UltraTech Cement.MT Educare surged 6.29% to Rs 72.70 after a fund bought shares of the company in a bulk deal on NSE yesterday, 23 November 2017. VISA CAPITAL PARTNERS bought 2.5 lakh shares of MT Educare at Rs 68.05 per share in a bulk deal on NSE yesterday, 23 November 2017. The stock had jumped 20% to settle at Rs 68.40 yesterday, 23 November 2017.Skipper rose 1.63% after the company said it entered into a joint venture with Israel-based company for drip irrigation business. The announcement was made after market hours yesterday, 23 November 2017.Skipper said its board gave in-principal approval to form a joint venture (JV) with MetzerPlas Cooperative Agricultural Organization, which is one of the largest and most specialised manufacturers of drip irrigation solutions from Israel. The drip irrigation business holds immense potential in India and is one of the focus sectors of the government. The current domestic industry size is estimated at over Rs 5000 crore and the company expects this sector to grow at a robust pace and for the JV to become a major player in it in the years to come. Detailed terms and conditions are yet to be decided and will be informed to the exchange separately when things will get finalized, the company said.On the macro front, the Government of India promulgated yesterday, 23 November 2017, the ordinance to amend the Insolvency and Bankruptcy Code, 2016. Earlier, the President of India had given his assent to the ordinance to amend the code.The ordinance aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the code. The amendments aim to keep-out such persons who have wilfully defaulted, are associated with non-performing assets, or are habitually non-compliant and, therefore, are likely to be a risk to successful resolution of insolvency of a company.In addition to putting in place restrictions for such persons to participate in the resolution or liquidation process, the amendment also provides such check by specifying that the committee of creditors ensure the viability and feasibility of the resolution plan before approving it. The Insolvency and Bankruptcy Board of India (IBBI) has also been given additional powers.Meanwhile, the Cabinet Committee on Parliamentary Affairs reportedly today, 24 November 2017, recommended that the winter session of Parliament be held from 15 December 2017 to 5 January 2018.Overseas, Asian stocks were mixed while investors viewed Chinese shares with caution after their big fall the previous day. Japanese manufacturing activity expanded at the fastest pace in more than three years in November, a preliminary survey showed. The Markit/Nikkei Japan Manufacturing flash Purchasing Managers Index (PMI) rose to 53.8 in November on a seasonally adjusted basis from a final reading of 52.8 in October.US stock markets remained closed yesterday, 23 November 2017 on account of Thanksgiving holiday.

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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]