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Orient Cement Ltd, Thermax Ltd, Andhra Bank, Syngene International Ltd are among the other stocks to see a surge in volumes on NSE today, 01 April 2019.
TI Financial Holdings Ltd saw volume of 2.65 lakh shares by 14:19 IST on NSE, a 12.16 fold spurt over two-week average daily volume of 21810 shares. The stock increased 0.33% to Rs.488.00. Volumes stood at 45323 shares in the last session.
Orient Cement Ltd recorded volume of 8.93 lakh shares by 14:19 IST on NSE, a 10.08 times surge over two-week average daily volume of 88590 shares. The stock gained 4.81% to Rs.82.80. Volumes stood at 2.38 lakh shares in the last session.
Thermax Ltd witnessed volume of 7.69 lakh shares by 14:19 IST on NSE, a 9.73 times surge over two-week average daily volume of 78999 shares. The stock dropped 1.69% to Rs.955.05. Volumes stood at 96156 shares in the last session.
Andhra Bank witnessed volume of 165.4 lakh shares by 14:19 IST on NSE, a 9.35 times surge over two-week average daily volume of 17.69 lakh shares. The stock increased 14.80% to Rs.32.20. Volumes stood at 18.4 lakh shares in the last session.
Syngene International Ltd notched up volume of 5.19 lakh shares by 14:19 IST on NSE, a 8.22 fold spurt over two-week average daily volume of 63110 shares. The stock slipped 0.55% to Rs.592.00. Volumes stood at 44033 shares in the last session.

REC Ltd, CG Power & Industrial Solutions Ltd, Prestige Estates Projects Ltd and Nava Bharat Ventures Ltd are among the other losers in the BSE's 'A' group today, 01 April 2019.
Reliance Communications Ltd lost 4.83% to Rs 3.94 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 108.61 lakh shares were traded on the counter so far as against the average daily volumes of 91.16 lakh shares in the past one month.
REC Ltd crashed 4.15% to Rs 146.5. The stock was the second biggest loser in 'A' group.On the BSE, 4.22 lakh shares were traded on the counter so far as against the average daily volumes of 9.47 lakh shares in the past one month.
CG Power & Industrial Solutions Ltd tumbled 3.86% to Rs 41.1. The stock was the third biggest loser in 'A' group.On the BSE, 8.52 lakh shares were traded on the counter so far as against the average daily volumes of 18.48 lakh shares in the past one month.
Prestige Estates Projects Ltd pared 3.28% to Rs 243.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 9807 shares were traded on the counter so far as against the average daily volumes of 81398 shares in the past one month.
Nava Bharat Ventures Ltd shed 3.22% to Rs 108.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 33248 shares were traded on the counter so far as against the average daily volumes of 20599 shares in the past one month.

The announcement was made during market hours today, 1 April 2019. Meanwhile, the S&P BSE Sensex was up 365.33 points, or 0.94% to 39,038.24 On the BSE, 16,000 shares were traded in the counter so far compared with average daily volumes of 12,000 shares in the past two weeks. The stock had hit a high of Rs 899.90 and a low of Rs 833.30 so far during the day. The stock hit a 52-week high of Rs 929 on 2 May 2018. The stock hit a 52-week low of Rs 520 on 19 February 2019. SML ISUZU reported net loss of Rs 14.80 crore in Q3 December 2018 as against net loss of Rs 9.76 crore in Q3 December 2017. Net sales rose 4.57% to Rs 231.58 crore in Q3 December 2018 over Q3 December 2017. SML ISUZU is a commercial vehicle manufacturer.

Ambition Mica Ltd, Beardsell Ltd, Nagreeka Capital & Infrastructure Ltd and Pearl Polymers Ltd are among the other losers in the BSE's 'B' group today, 29 March 2019.
Prakash Constrowell Ltd crashed 10.13% to Rs 3.46 at 14:33 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.58 lakh shares were traded on the counter so far as against the average daily volumes of 31443 shares in the past one month.
Ambition Mica Ltd lost 8.95% to Rs 18.1. The stock was the second biggest loser in 'B' group.On the BSE, 468 shares were traded on the counter so far as against the average daily volumes of 5198 shares in the past one month.
Beardsell Ltd tumbled 8.05% to Rs 14.85. The stock was the third biggest loser in 'B' group.On the BSE, 19455 shares were traded on the counter so far as against the average daily volumes of 2150 shares in the past one month.
Nagreeka Capital & Infrastructure Ltd shed 7.69% to Rs 12.36. The stock was the fourth biggest loser in 'B' group.On the BSE, 250 shares were traded on the counter so far as against the average daily volumes of 1318 shares in the past one month.
Pearl Polymers Ltd slipped 7.56% to Rs 12.1. The stock was the fifth biggest loser in 'B' group.On the BSE, 475 shares were traded on the counter so far as against the average daily volumes of 4591 shares in the past one month.

Gillette India Ltd, SBI Life Insurance Company Ltd, Trident Ltd, Uflex Ltd are among the other stocks to see a surge in volumes on NSE today, 29 March 2019.
WABCO India Ltd witnessed volume of 87523 shares by 14:14 IST on NSE, a 53.1 times surge over two-week average daily volume of 1648 shares. The stock increased 4.58% to Rs.6,627.00. Volumes stood at 544 shares in the last session.
Gillette India Ltd clocked volume of 1.33 lakh shares by 14:14 IST on NSE, a 26.49 times surge over two-week average daily volume of 5006 shares. The stock gained 0.12% to Rs.6,614.55. Volumes stood at 4061 shares in the last session.
SBI Life Insurance Company Ltd saw volume of 58.06 lakh shares by 14:14 IST on NSE, a 13.9 fold spurt over two-week average daily volume of 4.18 lakh shares. The stock dropped 4.10% to Rs.590.95. Volumes stood at 89907 shares in the last session.
Trident Ltd clocked volume of 72.46 lakh shares by 14:14 IST on NSE, a 11.4 times surge over two-week average daily volume of 6.36 lakh shares. The stock gained 5.92% to Rs.72.45. Volumes stood at 7.55 lakh shares in the last session.
Uflex Ltd witnessed volume of 3.75 lakh shares by 14:14 IST on NSE, a 6.72 times surge over two-week average daily volume of 55782 shares. The stock increased 6.83% to Rs.228.25. Volumes stood at 59526 shares in the last session.

SBI Life Insurance Company Ltd, Reliance Communications Ltd, Godrej Properties Ltd and Bajaj Holdings & Investment Ltd are among the other losers in the BSE's 'A' group today, 29 March 2019.
Suzlon Energy Ltd tumbled 5.69% to Rs 6.13 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 63.57 lakh shares were traded on the counter so far as against the average daily volumes of 108.68 lakh shares in the past one month.
SBI Life Insurance Company Ltd crashed 5.33% to Rs 583.9. The stock was the second biggest loser in 'A' group.On the BSE, 602.38 lakh shares were traded on the counter so far as against the average daily volumes of 52.04 lakh shares in the past one month.
Reliance Communications Ltd lost 4.83% to Rs 4.14. The stock was the third biggest loser in 'A' group.On the BSE, 16.6 lakh shares were traded on the counter so far as against the average daily volumes of 93.03 lakh shares in the past one month.
Godrej Properties Ltd plummeted 4.72% to Rs 825.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 30965 shares were traded on the counter so far as against the average daily volumes of 29500 shares in the past one month.
Bajaj Holdings & Investment Ltd shed 3.68% to Rs 3422.4. The stock was the fifth biggest loser in 'A' group.On the BSE, 8659 shares were traded on the counter so far as against the average daily volumes of 21618 shares in the past one month.

The announcement was made during trading hours today, 28 March 2019. Meanwhile, the S&P BSE Sensex was up 356.67 points, or 0.94% to 38,489.55. On the BSE, 18.09 lakh shares were traded in the counter so far compared with average daily volumes of 10.47 lakh shares in the past two weeks. The stock had hit a high of Rs 130.15 and a low of Rs 121.55 so far during the day. The stock hit a 52-week high of Rs 157.45 on 9 August 2018. The stock hit a 52-week low of Rs 90.70 on 11 October 2018. Bank of Baroda said that Ministry of Finance, Government of India vide its notification dated 27 March 2019 has conveyed its decision to infuse capital of Rs 5,042 crore in Bank of Baroda. The capital infusion will be by way of preferential allotment of equity shares of the bank during FY2018-2019, as government's investment. Net profit of Bank of Baroda rose 321.59% to Rs 471.25 crore on 12.23% increase in total income to Rs 14562.85 crore in Q3 December 2018 over Q3 December 2017. Government of India held 63.74% stake in Bank of Baroda as per the shareholding pattern as on 31 December 2018.

Sundaram Clayton Ltd, Aarti Industries Ltd, Escorts Ltd and Jet Airways (India) Ltd are among the other losers in the BSE's 'A' group today, 28 March 2019.
Reliance Communications Ltd lost 4.81% to Rs 4.35 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 9.65 lakh shares were traded on the counter so far as against the average daily volumes of 98.81 lakh shares in the past one month.
Sundaram Clayton Ltd tumbled 3.42% to Rs 2800. The stock was the second biggest loser in 'A' group.On the BSE, 175 shares were traded on the counter so far as against the average daily volumes of 179 shares in the past one month.
Aarti Industries Ltd crashed 3.03% to Rs 1543.55. The stock was the third biggest loser in 'A' group.On the BSE, 5954 shares were traded on the counter so far as against the average daily volumes of 10382 shares in the past one month.
Escorts Ltd fell 2.84% to Rs 793.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 1.54 lakh shares in the past one month.
Jet Airways (India) Ltd pared 2.74% to Rs 269.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 9.62 lakh shares were traded on the counter so far as against the average daily volumes of 13.74 lakh shares in the past one month.

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

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

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

Lupin announced that it has received final approval for its Tetrabenazine Tablets, 125 mg and 25 mg from the United States Food and Drug Administration (FDA) to market a generic version of Valeant pharmaceuticals North America, LLC's Xenazine® Tablets, 12.5 mg and 25 mg.
Lupin's Tetrabenazine Tablets, 12.5 mg and 25 mg are the generic equivalent of Va Ie ant Pharmaceuticals North America, LLC's Xenazine® Tablets, 12.5 mg and 25 mg. It is indicated for the treatment of chorea associated with Huntington's disease.
Tetrabenazine Tablets, 125 mg and 25 mg had annual sales of approximately USD 288.1 million in the US (IQVIA MAT Jan 2018).

The Board of Axis Bank has commenced the succession process to appoint a new Managing Director & CEO of the Bank. The Board has appointed Egon Zehnder, a global leadership advisory firm, to conduct the succession process and evaluate candidates for the said post. The Board will ensure that the said process will be completed before the end of Shikha Sharma's tenure and thus facilitate smooth transition of leadership responsibilities at the Bank.

Electrosteel Steels announced that as per the resolution plan which was submitted by Vedanta for acquisition of the Company under the provisions of the Insolvency and Bankruptcy Code, 2016, and which was approved by the National Company Law Tribunal (Kolkata Bench) (NCLT) pursuant to its order dated 17 April 2018 (Resolution Plan), on and from the date of approval of the Resolution Plan by the NCLT (i.e. 17 April 2018) until the date on which Vedanta acquires control of the Company as per terms of the Resolution Plan, the Company is required to be monitored by an Independent Managing Authority (IMA) under the instructions, control and management of a Steering Committee.
The Steering Committee has been constituted as per the terms of the Resolution Plan and comprises of majority nominees representing the financial creditors of the Company and minority nominees from Vedanta.
In addition to the above, PricewaterhouseCoopers Private Limited has also been appointed as the IMA by the Steering Committee.
In view of the above, the erstwhile Resolution Professional (i.e. Mr. Dhaivat Anjaria) has handed over the management of affairs of the Company to the IMA, which is acting under the supervision and instructions of the Steering Committee.

Visco Trade Associates announced that the Board of Directors of the company at its meeting held on 18 April 2018 has approved the matter relating for the resignation of Debasish Roy –Director (DIN- 00661173) and appointment of Dipak Sundarka- Additional Independent Director (DIN-05297111) of the Company for the period of 5 years w.e.f 18 April 2018 interalia to consider, approved and take on record.

The Board of Mindtree has approved and recommended the appointment of Bijou Kurien, as Independent director of the Company for a term of three years from 17 July 2018. The Board accepted the resignation of Manisha Girotra, Independent Director, due to pre-occupation, with immediate effect.

UTI Mutual Fund has launched a new fund named as UTI Fixed Term Income Fund – Series XXXI – XII (1148 Days), a close ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 02 April 2019 to 15 April 2019.The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
The scheme offers growth option, quarterly dividend option with payout facility, flexi dividend option with payout facility, annual dividend option with payout facility and maturity dividend option with payout facility.
The scheme would allocate 80%-100% of assets in debt instruments with low to medium risk profile and invest upto 20% of assets would be allocated to money market instruments with low risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 under all the options.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
Sunil Patil is the fund manager for the scheme.

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 85 – 1109 Days Plan X, a close ended debt scheme. The tenure of the scheme is 1109 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 05 April 2019 to 15 April 2019.The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme.
Presently, two options are available under the scheme viz. cumulative and dividend option (with dividend payout & dividend transfer plan facility) with quarterly and half yearly dividend frequency.
The scheme will invest 100% - 80% of its assets in debt instruments including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile. The scheme will not have any exposure to derivatives and if a scheme decides to invest in securitized debt (Single loan and / or Pool loan Securitized debt), it could be upto 25% of the corpus of the scheme.
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 20 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 CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Rahul Goswami and Rohan Maru.

Aditya Birla Sun Life Mutual Fund has launched a new fund named as Aditya Birla Sun Life Fixed Term Plan – Series SM (1135 days), a close ended income scheme. The tenure of the scheme is 1135 days from the date of allotment of units. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 27 March 2019 to 27 March 2019.The investment objective of the scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
The scheme offers two options viz. growth and dividend option with Normal Dividend sub-option (Payout Facility).
The scheme would invest 80% - 100% of assets in debt securities including government securities (excluding money market instruments) with low to medium risk profile and upto 20% of assets in money market instruments with low to medium risk profile.
The minimum application amount is Rs 1000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry and exit load charge will be nil.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
The fund manager of the scheme will be Mohit Sharma.

ICICI Prudential Interval Fund Series – IX – 185 Days Plan F Floats On
ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Interval Fund Series – IX – 185 Days Plan F, a debt oriented interval scheme. The tenure of the scheme is 185 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 19 March 2019 to 25 March 2019.
The investment objective of the Scheme is to seek to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities maturing on or before the opening of the immediately following Specified Transaction Period (STP).
Presently, two options are available under the scheme viz. cumulative and dividend option (with dividend payout & dividend transfer plan facility).
The scheme will invest upto 100% of assets in money market and debt instruments including government securities with low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The minimum additional investment amount is Rs 1000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 20 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 CRISIL Ultra Short Term Debt Index.
The fund managers of the scheme are Rahul Goswami and Rohan Maru.

Reliance Mutual Fund has launched a new fund named Reliance Fixed Horizon Fund - XLI - Series 4, a close ended income scheme. The tenure of the scheme is 1175 days from the date of allotment. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 15 March 2019 to 25 March 2019.
The investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility -
Central and State Government securities and
Other fixed income/ debt securities
The scheme offers two options viz. growth and dividend payout option.
The scheme would invest 100% - 90% of assets in Government securities / State Development Loans (SDLs) & Debt Instruments with medium to low risk profile and upto 10% of asset in money market instruments with low risk profile.
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 20 crore under the scheme during the NFO period.
Entry load and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is Crisil Composite Bond Fund Index.

Sundaram Mutual Fund has launched a new fund named as Sundaram Fixed Term Plan – IS, a close ended income scheme with the duration of 1120 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 15 March 2019 and closes on 19 March 2019.
The objective of the Scheme would be to generate income by investing in debt and money market securities, which mature on or before the maturity of the scheme.
The scheme offers growth and dividend payout, dividend sweep options.
The scheme will allocate up to 0%-20% of assets in money market instruments including bills rediscounting & cash equivalents and up to 80%-100% of assets in short term & medium term debt instruments 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 (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Invesco Mutual Fund has launched a new fund named Invesco India Fixed Maturity Plan - Series 34 - Plan A, a close ended debt scheme. The tenure of the scheme is 278 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 12 March 2019 to 13 March 2019.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme.
The scheme offers two options viz. growth and dividend payout options.
The scheme would invest upto 100% of asset in debt instruments including money market instruments with low risk profile.
Minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry load and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.

UTI Mutual Fund has launched a new fund named as UTI Fixed Term Income Fund – Series XXXI – IX (1168 Days), a close ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 12 March 2019 to 26 March 2019.
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
The scheme offers growth option, quarterly dividend option with payout facility, flexi dividend option with payout facility, annual dividend option with payout facility and maturity dividend option with payout facility.
The scheme would allocate 80%-100% of assets in debt instruments with low to medium risk profile and invest upto 20% of assets would be allocated to money market instruments with low risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 under all the options.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

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

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

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

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

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

WTI Crude oil futures are consolidating just below four month lows of $60 per barrel on cautious equities and global growth concerns. Local traders are also keeping a watch on Indian Rupee and a continued shortfall in Indian crude oil production. India's Crude oil production during February, 2019 was 2563.73TMT which is 13.36% lower than target and 6.14% lower when compared with February, 2018.Cumulative crude oil production during April-February, 2018-19 was 31348.98 TMT which is 7.06% and 3.96% lower than the cumulative target and production respectively during the corresponding period of last year.

The Indian rupee added gains against the dollar in early trades on Tuesday, 26 March 2019, tracking gains in Asian currencies market. Sustained overseas fund inflows in the debt and equity markets helped support the domestic currency. The currency has been riding high on massive liquidity push in the form of strong foreign fund inflows in March. On a net basis, foreign portfolio investors (FPIs) bought equities worth a net Rs 150.40 crore Monday, provisional data showed.
The domestic currency opened at Rs 68.88 against the dollar and registered an intra-day high and low of 68.76 and 68.94 respectively so far during the day. In the spot currency market, the Indian unit was last seen trading at 68.93. The rupee closed Monday at 68.96. So far this year, the rupee has gained 1.30% against the US dollar.
Local stocks were trading with small gains in early trade. At 9:22 IST, the barometer index, the S&P BSE Sensex, was up 26.12 points or 0.07% at 37,835.03. The Nifty 50 index was up 13.20 points or 0.12% at 11,367.45. The S&P BSE Mid-Cap index was up 0.3%. The S&P BSE Small-Cap index was up 0.32%. Both these indices outperformed the Sensex.
Overseas, most Asian stocks were trading higher. U.S. stocks closed mostly lower Monday after data showing weakness on the global economic front triggered heavy losses at the end of last week while investors continued to fret over the inversion of the yield curve. However, the Dow bucked the trend to rise as shares of Boeing Co. rallied after recent losses.
Meanwhile, the dollar rebounded modestly against the yen on Tuesday as Treasury yields pulled back from 15-month lows as investors reassessed the risks of a sharper downturn in the global economy.

COMEX Copper futures edged up a little after testing six week low but sentiments remain cautious on global growth concerns and weak fund buying. Large base metals speculators cut their bullish net positions in the Copper futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 16,355 contracts in the data reported through Tuesday March 19th. This was a weekly decline of -9,212 net contracts. The net speculative position is down for a second straight week. The current position for speculators has now dropped to the lowest level of the past four weeks.

Nifty ended the day’s trade in red terrain as market participants chose to take some profits off the table after the significant rise in previous session amid weak global cues. Market made a slightly positive start, as traders took some support with report that investments through participatory notes (P-notes) in domestic capital market rose to Rs 78,110 crore at the end of March, amid positive market sentiments. As per the latest SEBI data, the total value of P-note investments in Indian markets -- equity, debt, and derivatives -- stood at Rs 78,110 crore till March-end. But, market soon pared all of its initial gains to turn red, as traders turned cautious with former Reserve Bank of India Governor Raghuram Rajan’s statement that protectionism does not really help preserve jobs and offers little defence against the job-destroying effects of automation and Artificial Intelligence, asserting that industrial and developing nations cannot afford to ignore the democratic reaction from those left behind by globalisation and technological change.
Market continued weak run also in the afternoon session, as sentiments remained pessimistic with private report indicating that unemployment rate in India has doubled in eight years to 2018 as 50 lakh lost jobs in last two years beginning with demonetisation in November 2016. Some pessimism also spread among the investors with private report stating that the first quarter of 2019 recorded 110 merger and acquisition deals worth $ 12.5 billion (about Rs 86,500 crore), a 33 per cent fall in value terms as against the year-ago period, due to factors such as global economic conditions and uncertainty around Brexit.
All sectoral indices ended in red on NSE. The top gainers from the F&O segment were Reliance Industries, JSW Steel and Tata Motors. On the other hand, the top losers were Jet Airways, Reliance Power and Reliance Capital. In the index option segment, maximum OI continues to be seen in the 11,800-12,200 calls and 10,800-11,200 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility increased by 4.81% and reached 22.73. The 50-share Nifty was down by 34.35 points 0.29% to settle at 11,752.80.
Nifty April 2019 futures closed at 11771.10 on Thursday, at a premium of 18.30 points over spot closing of 11752.80, while Nifty May 2019 futures ended at 11839.70, at a premium of 86.90 points over spot closing. Nifty April futures saw an addition of 0.12 million (mn) units, taking the total outstanding open interest (OI) to 15.80 mn units. The near month derivatives contract will expire on April 25, 2019.
From the most active contracts, Reliance Industries April 2019 futures traded at a premium of 1.30 points at 1387.35 compared with spot closing of 1386.05. The numbers of contracts traded were 58,740.
Tata Motors April 2019 futures traded at a premium of 0.95 points at 236.75 compared with spot closing of 235.80. The numbers of contracts traded were 27,665.
Yes Bank April 2019 futures traded at a premium of 0.50 points at 256.05 compared with spot closing of 255.55. The numbers of contracts traded were 26,969.
InterGlobe Aviation April 2019 futures traded at a premium of 4.80 points at 1559.90 compared with spot closing of 1555.10. The numbers of contracts traded were 22,673.
Indiabulls Housing Finance April 2019 futures traded at a premium of 5.00 points at 800.50 compared with spot closing of 795.50. The numbers of contracts traded were 18,569.
Among Nifty calls, 11,800 SP from the April month expiry was the most active call with an addition of 0.69 million open interests. Among Nifty puts, 11,750 from the April month expiry was the most active put with an addition of 0.17 million open interests. The maximum OI outstanding for Calls was at 12,000 SP (3.17mn) and that for Puts was at 11,000 SP (2.86mn). The respective Support and Resistance levels of Nifty are: Resistance 11,826.47 ---- Pivot Point 11,782.48 --- Support --- 11,708.82.

Among most active underlying, Reliance Industries witnessed a contraction of 2.96 million units of Open Interest in the April month futures contract, followed by State Bank of India witnessing a contraction of 2.69 million units of Open Interest in the April month contract, InterGlobe Aviation witnessed an addition of 0.04 million units of Open Interest in the April month contract, ICICI Bank witnessed a contraction of 5.37 million units of Open Interest in the April month contract and Tata Motors witnessed an addition of 0.35 million units of Open Interest in the April month future contract.

       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]