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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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Zomato, Wipro, and Hero MotoCorp have been focused in today's trading.

Jul 23 2021 11:05PM

Shares of Zomato, one of the leading food services platforms in India in terms of value of food sold, will list on the bourses today, 23 July 2021. The issue price is Rshare.Wipro launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow's Now Platform. Using FieldX, manufacturing orgacan enhance and scale-up their after-sales customer service operations while reducing costs.Hero MotoCorp on Thursday launched an advanced, ‘connected', and feature-rich new Maestro Edge 125. The new scooter offers a connected and distinctive experieits enhanced aesthetics, modern technology, and edgy design.Tata Power Company signed Share Purchase Agreement (SPA) on 22nd July 2021 with Tata Power International Pte. (TPIPL), a wholly owned subsidiary of the comsale of 100% equity shares held in Trust Energy Resources Pte (TERPL), another wholly owned subsidiary of the company for a consideration of $285.64 million.IndiaMART InterMESH reported consolidated total income to Rs 211 crore in Q1 FY22, up 13% y-o-y. Consolidated net profit rose 19% to Rs 88 crore as compared tcrore in Q1 FY21.Mahindra Lifespace Developers informed that the board of directors of the company at its meeting scheduled on Wednesday, 28th July, 2021, shall, inter-alia, alsothe proposal for issuance of bonus equity shares.Allcargo Logistics said that the meeting of the board of directors of the company is scheduled on 6 August 2021 to consider the proposal for voluntary delisting of thshares of the company.PSP Projects secured new work orders worth Rs 82.79 crore till date in the financial year 2021-22 for institutional and industrial projects from various clients.

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Bajaj Finserv, Bharti Airtel, Infosys have been concentrated in todays trade

Jul 22 2021 1:31PM

On a consolidated basis, Bajaj Finserv (BFS) posted a 31.47% fall in net profit to Rs 832.77 crore on 1.7% decline in total income to Rs 13,949.45 crore in Q1 FY22FY21.Bharti Airtel announced a collaboration with Intel for 5G network development by leveraging vRAN / O-RAN technologies. Airtel will deploy Intel's latest 3rd gen Xeonprocessors, FPGAs and eASICs, and Ethernet 800 series across its network to build a solid foundation for rolling out wide-scale 5G, mobile edge computing andslicing.Shares of Infosys will be in action. Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and Santander UK, announced the roll out of SUK's international cash management platform as part of the bank's ongoing digital transformation programme.Wipro and Celonis, the global leader in execution management, announced a partnership. As a part of this collaboration, Wipro will launch the Global Celonis Centeroperations transformation for clients.Shares of Cadila Healthcare will be in focus. Zydus Cadila has received tentative approval from the USFDA to market Ibrutinib Tablets, in the strengths of 140 mg,420 mg and 560 mg (US RLD: Imbruvica Tablets). Ibrutinib belongs to a class of drugs known as kinase inhibitors and is used to treat certain cancers.On a consolidated basis, ICICI Securities recorded a 61% increase in net profit to Rs 311 crore in Q1 FY22 as against Rs 193 crore in Q1 FY21 on account of growth inand improvement in margins. The company reported consolidated revenue of Rs 748 crore in Q1FY22, against Rs 546 crore in Q1FY21, up by 37%, aided by strongperformance in equities & allied business, distribution business, distribution business, private wealth management business, as well as investment banking business.On a consolidated basis, Syngene International's net profit soared 33.27% to Rs 77.30 crore on 41.01% increase in revenue from operations to Rs 594.50 crore in2021 (Q1 FY22) over Q1 June 2020 (Q1 FY21).On a consolidated basis, Polycab India's net profit dropped 35.97% to Rs 75.26 crore on 92.55% rise in revenue from operations to Rs 1,880.51 crore in Q1 June 2FY22) over Q1 June 2020 (Q1 FY21).On a consolidated basis, ICICI Prudential Life Insurance Company reported a net loss of Rs 185.29 crore in Q1 FY22 as against net profit of Rs 286.86 crore in Q1 FYincome declined 12.2% to Rs 16,724.05 crore in Q1 FY22 over Q1 FY21.On a consolidated basis, Jubilant Foodworks' net profit stood at Rs 69.06 crore in Q1 June 2021 (Q1 FY22) compared with net loss of Rs 74.47 crore in Q1 June 2FY21). Revenue from operations soared 129.95% to Rs 893.18 crore in Q1 FY22 from Rs 388.41 crore in Q1 FY21.On a consolidated basis, CRISIL recorded 51.9% increase in net profit to Rs 100.8 crore on 12% rise in income from operations to Rs 528.51 crore in Q2 June 2021June 2020.SRF said that a major part of the BOPP film line in Thailand has been commissioned and capitalized on 19 July 2021.Granules India on Wednesday announced that its US-based wholly owned subsidiary Granules Pharmaceuticals, Inc. (GPI) cleared a pre-approval inspection (PAI) audUS Food and Drug Administration (USFDA) from 21 June 2021 to 25 June 2021.

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HCL Tech, ACC, IndusInd Bank have been concentrated in last trade

Jul 22 2021 1:28PM

HCL Technologies' consolidated net income rose 8.5% to Rs 3214 crore on 2.2% rise in total income to Rs 20068 crore in Q1 June 2021 over Q4 March 2021.ACC's consolidated net profit soared 110.17% to Rs 569.45 crore on 49.29% surge in total revenue from operations to Rs 3,884.94 crore in Q2 June 2021 over Q2 JunTata Steel Mining (TSML) and Jindal Stainless (JSL) signed a MoU on July 16, 2021 to jointly unearth the Chrome Ore locked up in the boundary between their minein Sukinda of Jajpur district, Odisha. Tata Steel Mining (TSML, formerly known as TS Alloys) is a 100% subsidiary of Tata Steel.IndusInd Bank said that a meeting of the board of directors of the bank is scheduled to be held on Friday, July 23, 2021, to consider the proposal of raising fundsvarious modes.City Union Bank said the board of directors of the bank approved raising further capital through QIP route to the tune of Rs 500 crore (including premium).Zen Technologies was awarded a Rs 120-crore export contract. The simulators are the main focus of the order. The order will be carried out in roughly a year.

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RIL, HDFC Bank, GR Infra, Clean Science & Tech in Zoom Light

Jul 20 2021 1:38AM

Indian Intraday Stock Market Shares of Reliance Industries (RIL) and Just Dial will be in focus. RIL through its retail arm Reliance Retail Ventures (RRVL) announced that it is acquiring a majority stake of 66.95% in local search engine company Just Dial for Rs 3,497 crore.
HDFC Bank reported 16.08% rise in standalone net profit to Rs 7,729.64 crore on 6.73% increase in total income to Rs 36,771.47 crore in Q1 FY22 over Q1 FY21.
Shares of GR Infraprojects will debut on the bourses today, 19 July 2021. The issue price was fixed at Rs 837 per share.
Shares of Clean Science & Technology will debut on the bourses today, 19 July 2021. The issue price was fixed at Rs 900 per share.
Shares of Tata Power and HPCL will be watched. Tata Power on Friday announced that it has signed an agreement with Hindustan Petroleum Corporation (HPCL) to provide end-to-end EV charging stations at HPCL's retail outlets (petrol pumps) in multiple cities and major highways across the country.
On a consolidated basis, the L&T Finance posted a 20% rise in net profit to Rs 177.85 crore on 11.6% decline in total income to Rs 3,201.49 crore in Q1 FY22 over Q1 FY21.
On a consolidated basis, Den Networks' net profit tanked 30% to Rs 41 crore on 1% increase in revenue to Rs 303 crore in Q1 June 2021 over Q1 June 2020.
India Ratings and Research (Ind-Ra) has upgraded Jindal Stainless (JSL)'s long-term credit rating to ‘IND A+' which is three levels up from their earlier rating of ‘IND BBB+'.

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Mindtree, Adani Enterprises, Zuari Agro Chemicals in Zoom

Jul 15 2021 12:47AM

Indian Intraday Stock Market Shares of Mindtree reported 8.2% increase in net profit to Rs 343.40 crore on 8.6% rise in revenues to Rs 2,291.70 crore in Q1 FY22 over Q4 FY21. In dollar terms, the company posted 7.5% rise in consolidated net profit to $46.5 million on 7.7% increase in revenues to $310.5 million in Q1 FY22 over Q4 FY21. Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, has taken over the management control of Mumbai International Airport (MIAL) from the GVK Group. This follows approvals received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra. Zuari Agro Chemicals informed that the SSP plant of the company in Mahad has resumed its operations with supply of raw materials having been tied up with a supplier. The NPK A Plant has been shut down due to unavailability of raw materials. Barbeque-Nation Hospitality said that ratings agency ICRA has upgraded the credit rating for the company's bank facilities on a long-term scale to A- (stable). On the shortterm scale, the rating assigned is A2+. NBCC (India) said the company has secured the total business of Rs 206 crore in the month of June, 2021.

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TCS announced that it is partnering with Converge ICT Solutions Inc

Jul 12 2021 10:55PM

In a regulatory filing, TCS announced that it is partnering with Converge ICT Solutions Inc, an end-to-end high-speed fiber broadband provider in the Philippines, to help the latter further enhance thecustomer experience for its fast-growing subscriber base.In partnership with TCS, Converge has embarked on a major business transformation journey, to build a flexible and future-ready digital core to offer new and enhanced digital services to itscustomers.TCS' transformational solution will help Converge reduce complexity in operations, improve customer and employee experience, drive product innovation, enable faster service delivery, and support itsgrowth aspirations.Shiju Varghese, country head for TCS Philippines said, “We will use our deep domain knowledge, expertise in digital technologies, and investments in innovation and intellectual property to helpConverge accelerate their transformation journey and achieve their aspiration to be a world-class ICT provider that empowers people, businesses, and the nation. Our digital business platform will speedup deployment, improve user adoption, enhance customer experience and provide a competitive edge.”TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.On a consolidated basis, TCS' net profit fell 2.57% to Rs 9,008 crore on 3.90% increase in net sales to Rs 45,411 crore in Q1 FY22 over Q4 FY21

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Indian stocks Avenue Supermarts, Maruti Suzuki and Adani Ports are focused in todays trading.

Jul 12 2021 10:54PM

Avenue Supermarts total revenue for the quarter ended 30 June 2021 stood at Rs.5,183 crore, as compared to Rs. 3,883 crore in the same period last year. Earnings beforeInterest, Tax, Depreciation and Amortization (EBITDA) in Q1 FY22 stood at Rs. 224 crore, as compared to Rs. 112 crore in the corresponding quarter of last year. EBITDAmargin stood at 4.3% in Q1 FY22 as compared to 2.9% in Q1 FY 21. Net Profit is at Rs. 95 crore for Q1 FY22, as compared to Rs. 40 crore in the corresponding quarter of lastyear. PAT margin stood at 1.8% in Q1 FY22 as compared to 1.0% in Q1 FY 21.Maruti Suzuki India said the company has launched Maruti Suzuki Smart Finance, a digital end-to-end online car financing platform. Maruti Suzuki Smart Finance is now madeavailable for ARENA as well as NEXA customers. It is also available pan India. It covers a wide range of profiles to meet the demands of a diverse range of customers.Adani Ports and Special Economic Zone has informed that the meeting of the board of directors of the company is scheduled on 14 July 2021, to consider and approve raisingfunds by way of issuance of U.S$ denominated foreign currency bonds.Unichem Laboratories announced that it has received Tentative Approval for ANDA of Sitagliptin Tablets USP, 25 mg, 50 mg, and 100 mg from the United States Food andDrug Administration (USFDA) for a generic version of Januvia (sitagliptin) tablets, 25 mg, 50 mg, and 100 mg, of Merck Sharpe and Dohme Corp (Merck).Shaily Engineering Plastics said that the board of directors of the company considered and approved raising of funds for an amount aggregating upto Rs. 300 crore, in one ormore tranches, by way of issuance of securities, through one or more permissible mode(s) including but not limited through a Qualified Institutions Placement//PreferentialOffer or a combination thereof.Compucom Software has won a tender and received a Letter of Acceptance for IT Enablement of PESA/FRA Acts with other schemes for Tribal Area Development (TAD)Department, Government of Rajasthan and Operations & Maintenance Services for a period of six months from RISL worth Rs 58.40 lakh inclusive all incident charges andtaxes and excluding GST.

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Tata Consultancy Services (TCS) reported 2.57% fall in net profit

Jul 10 2021 12:24AM

Tata Consultancy Services (TCS) reported 2.57% fall in net profit to Rs 9008 crore on 3.9% rise in revenue to Rs 45,411 crore in Q1 June 2021 over Q4 March 2021.Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: “Given the variants of the virus and fears of a potential third wave, we are watchful of the emergingsituation and remain optimistic of the opportunities in our core markets and verticals. We are well positioned and operating diligently to participate in them aggressively.”Tata Steel said that ratings agency CARE has upgraded long term credit rating on the company to AA+ from AA and the outlook to Stable from Negative. The revision in ratingand outlook assigned to the instruments of Tata Steel factors in the improvement in performance witnessed during FY21, sequentially from Q2-FY21 onwards, particularly inIndian operations, on the back of revival in demand and increased steel prices leading to substantial cash flow generation and sizeable deleveraging at the end of FY21resulting in improvement in debt coverage indicators.Bharat Dynamics has signed a contract worth about Rs.499 crore with Ministry of Defence for manufacture and supply of Akash Missiles to the Indian Air Force.Jammu & Kashmir Bank said that the Reserve Bank of has imposed a penalty of Rs 1 crore on the bank, on account of contravention of directions contained in circulars on'Lending to Non Banking Financial Companies (NBFCs) and Bank Finance to Non Banking Financial Companies (NBFCs)'.Elgi Equipments' Wholly Owned Subsidiary in USA, 'Elgi Compressors USA Inc.' has formed a Joint Venture Company in USA by name 'Gentex Air Solutions, LLC.' as a NorthCarolina Limited Liability Company, along with James Gery and Diego Hernandez.

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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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Apollo Tyres unveils new corporate identity and vision ‘Driving Progress, Together’

Jun 18 2021 7:23PM

Apollo Tyres has unveiled its new corporate identity and vision ‘Driving Progress, Together’ setting the path for the next five years. As a parent company for both the Apollo Tyres and Vredestein Tyres product brands, Apollo Tyres is committed to bringing together a global community and fostering a diverse and inclusive culture, that powers innovation to transport, both its business and society forward.
This vision is supported by the organisation’s purpose, ‘Enabling Excellence’, a belief that excellence should be universally accessible, and the company’s role is to connect people globally to the tyres, tools and support they need to reach their potential.
Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.

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Venus Remedies wins legal battle against French firm for paracetamol patent

Jun 18 2021 7:23PM

Venus Remedies has won a 10-year-long patent battle against French firm SCR Pharmatop with regards to production of the intravenous paracetamol solution in the country. The Indian drug firm had initiated the legal battle in order to remove any patent hurdle in manufacturing of intravenous paracetamol solution in the country.
Venus Remedies is one of the handful player in pharmaceutical sector to launch world global injectable manufacturers. It has world-class manufacturing facilities in Panchkula and Baddi (in India) and Werne (in Germany) and research and development center in Venus Medicine Research Centre (in India).

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Polycab India signs agreement to acquire stake in Silvan Innovation Labs

Jun 18 2021 7:22PM

Polycab India has signed an agreement to acquire 100% stake in Silvan Innovation Labs (Silvan). Silvan is a technology company focused on providing cutting edge automation offerings for homes, offices, banks, retail outlets, hotels and other spaces. Silvan pioneered the concept of home automation in the Indian residential building market and has a proven track record with many prominent real estate developers.
Polycab India is the largest cables & wires manufacturer. It is also the fastest growing company in the Indian cable industry with consistent growth. The company also in the business segment of EPC, Cables.

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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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Copper futures saw an impressive surge in the last session after China's central bank

Jul 12 2021 10:58PM

Copper futures saw an impressive surge in the last session after China's central bank cut the amount of cash most banks must hold in reserve. The People's Bank of China willreduce the reserve requirement ratio by 0.5 percentage point for most banks, according to a statement published Friday. The last time the bank cut the main ratios wasduring the first wave of the pandemic in 2020, when it was trying to boost the economy after lockdowns to contain the Covid-19 outbreak. The US stocks also moved up onFriday with all three of the major averages closing at new record closing highs. COMEX Copper futures ended at $4.34 per pound, up 1.80% on the day on Friday, bouncingfrom a one week low. MCX Copper futures closed at Rs 732 per kg, up 1.58% on the day after hitting a high of Rs 736.25 per kg

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The Indian rupee is likely to stay somewhat cautious against the dollar in early trades on Monday

Jul 12 2021 10:56PM

The Indian rupee is likely to stay somewhat cautious against the dollar in early trades on Monday, 12 July 2021 awaiting key domestic macro-economic data due later in theday. Positive bias expected in local equities and weakness in the American currency overseas could lend support to the local currency. However, surging crude prices andforeign fund outflows may restrict any gain in the domestic unit.On Friday, rupee gained 7 paise to end at 74.64 against the US currency. At the interbank foreign exchange market, the rupee opened strong at 74.68 per dollar. It hoveredin a range of 74.57 to 74.68 during the session before ending at 74.64 against the greenback, a gain of 7 paise over its last close. On Thursday, the rupee had settled at74.71 against the US dollar. On weekly basis, the rupee gained 10 paise to mark its first weekly gain in the past six weeks. The rupee had declined by more than 3 per cent or229 paise in the five weeks to July 2.Domestic equity indices ended a lacklustre trading session with small losses on Friday. The barometer index, the S&P BSE Sensex, skid 182.75 points or 0.35% at 52,386.19.The Nifty 50 index slipped 38.10 points or 0.24% at 15,689.80. Foreign portfolio investors (FPIs) sold shares worth Rs 1,124.65 crore, while domestic institutional investors(DIIs), were net buyers to the tune of Rs 106.55 crore in the Indian equity market on 9 July 2021, provisional data showed.Overseas, Asian stocks rose on Monday after their U.S. peers chalked fresh records Friday in a broad-based rebound. The three major US stock indexes rallied to recordclosing highs on Friday as financials and other economically focused sectors rebounded after a selloff sparked by growth worries earlier in the week.China's central bank announced Friday a 50 basis points cut in its reserve requirement ratio for all banks, effective from July. The RRR represents the amount of money thatbanks must hold in their coffers as a proportion of their total deposits. A lowering of that required amount will increase the supply of money that banks can lend to businessesand individuals.G20 Finance Ministers on July 10 approved a global corporate tax of at least 15% to be imposed on multinational companies (MNCs) with an aim to end tax havens. In a twoday virtual meet headquartered from Venice (Italy), the Group also endorsed a broad agreement plan introducing new rules for taxation of cross-border businesses, as perreports. Details and negotiations of the rules are likely to be finalised during the next G20 meet scheduled in October 2021.Investors continued to watch the coronavirus situation in Asia-Pacific on Monday. Japan's government is set to put Tokyo under a new Covid state of emergency on Mondaywhile stricter social distancing restrictions are set to kick in for the greater Seoul area in South Korea, as per reports. Elsewhere in Southeast Asia, several countries includingIndonesia and Malaysia continue to struggle with a recent surge in infections, reports added.Meanwhile, the dollar index which measures the greenback against a basket of currencies was at 92.15, off last week's high levels. Risk currencies hovered above their recentlows against the dollar on Monday, as fears about slowdown in the global economic recovery appeared to have subsided for now. However, concerns about the Delta variant ofthe novel coronavirus add to the cautious mood

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Gold flipped back amid volatile trades in last session as high near $1790 per ounce

Jun 25 2021 11:10PM

Gold flipped back amid volatile trades in last session as high near $1790 per ounce continued to offer heavy resistance to the metal. The US stocks saw firm moves too. TheNasdaq and the S&P 500 hit new record intraday highs. This weighed on the metal and COMEX Gold slipped under $1780 per ounce. MCX Gold futures closed at Rs 46894 per10 grams, down 0.38% on the day as a slide under Rs 47K extended. Meanwhile, the Reserve Bank Of India on Wednesday asked banks to provide an option to jewelleryexporters and domestic manufacturers of gold jewellery to repay a part of Gold Metal Loans (GML) in physical gold. The banks authorised to import gold and designated banksparticipating in Gold Monetisation Scheme, 2015 (GMS) can extend GML to jewellery exporters or domestic manufacturers of gold jewellery

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Crude oil futures managed to hold above $73 per barrel as prospects of rising US demand

Jun 25 2021 11:08PM

The WTI Crude oil futures managed to hold above $73 per barrel as prospects of rising US demand and generally upbeat undertone regarding the near-term oil pricemovement supported the sentiments. The US Energy Information Administration or EIA data showed that the US crude inventories fell by 7.61 million barrels to 459.06 millionbarrels in the week ended June 18. The EIA showed a sizable fall in US gasoline inventories which dropped by 2.93 million barrels to 240.05 million barrels in the week endedJune 18. This was in line with the narrative that US fuel demand is supported by falling Covid-19 cases and easing of restrictions in the summer driving season. The totalproducts supplied, EIA's proxy for demand, ticked up nearly 1% to 20.75 million b/d in the week to June 18. The WTI Crude oil futures are currently trading at $73.45 perbarrel, up 0.23% on the day. The MCX Crude oil futures hit a high of Rs 5472 per barrel in intraday moves before ending flat around Rs 5442 per barrel.

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Global daily Covid-19 cases weighed on the yellow metal and continued drop in market

Jun 24 2021 1:11PM

Gold futures failed to see much traction after edging up near one week high of $1795 per ounce in last session. A continued drop in global daily Covid-19 cases weighed on the yellow metal. The globalnumber of Covid cases has declined by 6%, and the number of deaths by 12% over the past week, the World Health Organisation has said. While the number of cases reported globally now exceeds177 million, last week saw the lowest weekly case incidence since February 2021. Global numbers of cases and deaths continued to decrease over the past week (14-20 June 2021) with over 2.5 millionnew weekly cases and over 64,000 deaths, a 6 percent and a 12 percent decrease respectively, compared to the previous week, according to the WHO's weekly epidemiological update on Tuesday. Goldalso remained stressed on near term Indian demand outlook. The COMEX Gold futures are currently trading down 0.37% at $1777 per ounce

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Copper futures slipped in Asia as profit selling stayed in place for the metal

Jun 24 2021 1:09PM

Copper futures slipped in Asia as profit selling stayed in place for the metal. Every modest rally is being sold into amid cautious equities. Fresh worries are also emerging on the Covid-19 front. WorldHealth Organisation (WHO) stated in a latest update that the Delta variant, the significantly more transmissible strain of Covid-19, is expected to become a “dominant lineage” if current trends continue.The latest Covid-19 Weekly Epidemiological Update said that globally, the variant Alpha has been reported in 170 countries, territories or areas, Beta in 119 countries, Gamma in 71 countries and Deltain 85 countries. Delta, now reported in 85 countries globally, continues to be reported in new countries across all WHO Regions, 11 of which were newly reported in the past two weeks. COMEX Copperfutures are currently trading down 0.88% at $4.28 per pound.

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Gold stayed broadly supported around $1880 per ounce following a deep cut in Bitcoin

Jun 23 2021 7:31PM

Gold stayed broadly supported around $1880 per ounce following a deep cut in Bitcoin. Gold traders reassessed their inflationary expectations as the Federal Reserve ChairJerome Powell said inflation had picked up but should move back toward the Fed's 2% target once supply imbalances resolve. Inflation is expected to drop back toward thecentral bank's longer-run goal, he noted. However, the metal found good comfort from the heavy losses in leading global cryptocurrency Bitcoin which fell below $30,000 forthe first time in nearly five months as China's latest crackdown on cryptocurrencies weighed. The world's largest cryptocurrency tumbled around nine percent and kept Goldelevated. MCX Gold futures ended at Rs 46994 per 10 grams, down 0.17% on the day

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Crude oil eased marginally in choppy trades yesterday but saw excellent buying today

Jun 23 2021 7:30PM

Crude oil eased marginally in choppy trades yesterday but saw excellent buying today. The WTI Crude edged up above $73 per barrel on largely supportive equities and currently trades up 0.55% at $73.25 per barrel. MCX Crude oil futures hit highs above Rs 5470 per barrel and ended down marginally at Rs 5419 per barrel. Large energy speculators raised their net long positions in the WTI Crude Oil futures market last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 523956 contracts in the data reported through June 14th 2021. This was a weekly spurt of 13457 net contracts and pushed up net longs to around five month high.

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Mid-Session:Indian equity market extended gains and hit fresh intraday high in early afternoon trade

Jul 22 2021 1:26PM

Indian equity benchmarks  indices further extended gains and hit fresh intraday high in early afternoon trade. The Nifty traded above the 15,800 level. Bargain hunting emergedSensex and the Nifty corrected over 1.8% in the past three sessions.At 12:20 IST, the barometer index, the S&P BSE Sensex, surged 616.37 points or 1.18% at 52,814.88. The Nifty 50 index soared 180 points or 1.15% at 15,812.10.In the broader market, the S&P BSE Mid-Cap index rose 0.85% while the S&P BSE Small-Cap index added 1.85%.The market breadth was strong. On the BSE, 2,238 shares rose and 857 shares fell. A total of 149 shares were unchanged.Economy:The Asian Development Bank (ADB) has downgraded India's economic growth forecast for the current financial year to 10% on Tuesday, from 11% projected earlier tmainly on account of the adverse impact of the coronavirus pandemic.India's GDP growth recovered to 1.6% in the last quarter of fiscal year ended March 2021, narrowing contraction in the whole fiscal year from 8% estimated in Arevised 7.3%, the multilateral funding agency said in the Asian Development Outlook (ADO) Supplement.Coronavirus Update:Total COVID-19 confirmed cases worldwide stood at 19,20,05,075 with 41,27,062 deaths. India reported 4,09,394 active cases of COVID-19 infection and 4,18,98while 3,04,29,339 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.Single day rise of 41,383 COVID-19 infections, 507 fatalities push India's tally of cases to 3,12,57,720, death toll to 4,18,987, says heath ministry.Derivatives:The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slumped 7.21% to 12.2525. The Nifty 29 July 2021 futures were trading at 15at a premium of 8.95 points as compared with the spot at 15,812.10.The Nifty option chain for 29 July 2021 expiry showed maximum Call OI of 32.6 lakh contracts at the 16,000 strike price. Maximum Put OI of 35.9 lakh contracts was15,000 strike price.Buzzing Index:The Nifty Financial Services index rose 1.66% to 16,563.15. The index fell 3.74% for the past three sessions, till yesterday.Muthoot Finance (up 4.79%), Bajaj Finance (up 4.57%), ICICI Lombard General Insurance Company (up 3.14%) were the major gainers in the Financial Services segICICI Prudential Life Insurance Company jumped 6.37%. The life insurance company reported a net loss of Rs 185.29 crore in Q1 FY22 as against net profit of Rs 286in Q1 FY21. The company had posted a net profit of Rs 62.51 crore in Q4 FY21. Total income declined 12.2% to Rs 16,724.05 crore in Q1 FY22 over Q1 FY21. Sequthe company's total income declined 14.8%. While the company's net premium income has risen by 18.9% to Rs 6,601.85 crore, net income from investments haveby 29.5% to Rs 9,210.27 crore in Q1 FY22 over Q1 FY21. The company's net premium income declined 44.4% in Q1 FY22 from Rs 11,879.28 crore recorded in Q4 FY2Bajaj Finserv advanced 2.85%. The NBFC posted a 31.47% fall in net profit to Rs 832.77 crore on 1.7% decline in total income to Rs 13,949.45 crore in Q1 FY22FY21. On a sequential basis, the NBFC's net profit declined 15% while total income fell 9.3% in Q1 FY22 over Q4 FY21. Profit before tax declined 25% quarter-on-qua31.19% year-on-year to Rs 1767.10 crore in Q1 FY22.Stock in Spotlight:Bharti Airtel rose 0.18%. The telecom major has announced a collaboration with Intel for 5G network development by leveraging vRAN/O-RAN technologies. The collais part of Airtel's 5G roadmap for India as it transforms its networks to allow its customers to reap the full possibilities of the hyperconnected world where Industcloud gaming and virtual / augmented reality become an everyday experience. Airtel is the first telecom operator in India to demonstrate 5G over a LIVE networconducting 5G trials in major cities. The teleco will deploy Intel's latest 3rd gen Xeon Scalable processors, FPGAs and eASICs, and Ethernet 800 series across its nebuild a solid foundation for rolling out wide-scale 5G, mobile edge computing and network slicing

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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]