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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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Lead futures up amid rising demand

Jul 21 2017 12:40PM

Lead futures were trading higher during the afternoon trade in the domestic market on Friday as participants created fresh positions, taking positive cues from spot market on pick-up in demand.
Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for July 2017 contract was trading at Rs 142 per kg, up by 0.46 per cent, after opening at Rs 141.60, against a previous close of Rs 141.35. It touched the intra-day high of Rs 142.10 (


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Jaiprakash Associates extends gains as ace investor buys stake

Jul 21 2017 12:38PM

The company had disclosed about the shareholding pattern during market hours on 19 July 2017. The stock has spurted 15.1% in three sessions to its current price, from a close of Rs 21.85 on 18 July 2017.
Meanwhile, the S&P BSE Sensex was up 143.31 points, or 0.45% to 32,047.71. The S&P BSE Mid-Cap index was up 35.70 points, or 0.24% to 15,214.97.
On the BSE, 1.23 crore shares were traded in the counter so far, compared with average daily volumes of 1.07 crore shares in the past one quarter. The stock had hit a high of Rs 26.50 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 24.25 so far during the day. The stock had hit a 52-week low of Rs 6.71 on 25 November 2016.
The stock had outperformed the market over the past one month till 20 July 2017, jumping 57.23% compared with Sensex's 1.94% rise. The scrip had also outperformed the market in past one quarter, gaining 82.79% as against Sensex's 8.44% rise. The scrip had also outperformed the market in past one year, spurted 92.24% as against Sensex's 14.29% rise.
The mid-cap company has equity capital of Rs 486.49 crore. Face value per share is Rs 2.
The disclosure showed Rakesh Jhunjhunwala held 2.5 crore shares, or 1.03% stake, in Jaiprakash Associates as of 30 June 2017. It is not known whether Jhunjhunwala owned any stake prior to the quarter as individual shareholders' holding details show up on exchanges only if the total stake held is above 1%.
The company had announced on 19 July 2017 that board of directors has by resolution passed through circulation on 19 July 2017, accepted the resignation of Rahul Kumar as tendered by him due to personal reasons, from the office of whole-time Director and Chief Financial Officer, with effect from close of working hours on 31 July 2017.
Jaiprakash Associates reported net loss of Rs 1882.40 crore in Q4 March 2017 as against net loss of Rs 1387.30 crore in Q4 March 2016. Net sales declined 9.2% to Rs 1720.45 crore in Q4 March 2017 over Q4 March 2016.
Jaiprakash Associates is a diversified infrastructure company.

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HEG spurts to 52-week high

Jul 21 2017 12:37PM

Meanwhile, the S&P BSE Sensex was up 75.05 points or 0.24% at 31,979.45. The S&P BSE Small-Cap index rose 44.10 points or 0.28% at 16,043.98.
On the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 47,849 shares in the past one quarter. The stock had hit a high of Rs 498.35 so far during the day, which is a 52-week high. The stock hit a low of Rs 450.20 so far during the day. The stock had hit a 52-week low of Rs 144.10 on 22 November 2016.
The stock had outperformed the market over the past one month till 20 July 2017, advancing 61.35% compared with the Sensex's 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 59.46% as against the Sensex's 8.44% rise. The scrip had also outperformed the market over the past one year, spurting 143.8% as against the Sensex's 14.29% rise.
The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.
Shares of HEG have rallied 24.7% in four trading sessions to its ruling market price, from its close of Rs 394.75 on 17 July 2017. The stock has zoomed 228.16% in the calendar year 2017 so far (to its ruling market price).
HEG reported net loss of Rs 3.86 crore in Q4 March 2017, compared with net loss of Rs 27.11 crore in Q4 March 2016. Net sales rose 44.4% to Rs 247.68 crore in Q4 March 2017 over Q4 March 2016.
HEG is the leading manufacturer and exporter of graphite electrodes in India.

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Lyka Labs surges 21.44% in seven sessions

Jul 21 2017 12:36PM

On the BSE, 1.56 lakh shares were traded on the counter so far as against the average daily volumes of 30,801 shares in the past one quarter. The stock had hit a high of Rs 58 and a low of Rs 53 so far during the day. The stock had hit a 52-week high of Rs 78 on 21 July 2016 and a 52-week low of Rs 38.65 on 28 June 2017.
The stock had outperformed the market over the past one month till 20 July 2017, advancing 13.96% compared with the Sensex's 1.94% rise. The scrip had, however, underperformed the market over the past one quarter advancing 1.73% as against the Sensex's 8.44% rise. The scrip had also underperformed the market over the past one year declining 30.56% as against the Sensex's 14.29% rise.
The small-cap company has equity capital of Rs 22.04 crore. Face value per share is Rs 10.
Shares of Lyka Labs rose 21.44% in seven trading sessions to its current market price of Rs 56.35, from a close of Rs 46.40 on 12 July 2017.
Lyka Labs reported consolidated net profit of Rs 1.84 crore in Q4 March 2017, compared with net loss of Rs 11.99 crore in Q4 March 2016. Net sales fell 11.6% to Rs 30.60 crore in Q4 March 2017 over Q4 March 2016.
Lyka Labs is engaged in the manufacturing of pharmaceutical formulations and active pharmaceutical ingredients (APIs) across various therapeutic segments.

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Copper futures rise 0.45% on spot demand

Jul 20 2017 12:47PM


Copper futures were trading higher during the noon trade in the domestic market on Thursday as traders widened their bets amid firm global cues.
Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.
At the MCX, copper futures for August 2017 contract is trading at Rs 388.00 per kg, up by 0.45 per cent, after opening at Rs 387.35, against a previous close of Rs 386.25. It touched the intra-day high of Rs 388.10

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Godrej Inds advances as subsidiary files for IPO

Jul 20 2017 12:44PM

On the BSE, 79,000 shares were traded on the counter so far as against the average daily volumes of 50,943 shares in the past one quarter. The stock had hit a high of Rs 698.80 so far during the day, which is a record high. The stock hit a low of Rs 677.75 so far during the day. The stock had hit a 52-week low of Rs 363.90 on 28 November 2016.
The stock had outperformed the market over the past one month till 19 July 2017, advancing 5.51% compared with the Sensex's 2.06% rise. The stock had also outperformed the market over the past one quarter, gaining 30.06% as against the Sensex's 8.93% rise. The scrip had also outperformed the market over the past one year, surging 60.73% as against the Sensex's 15% rise.
The large-cap company has equity capital of Rs 33.63 crore. Face value per share is Rs 1.
The proposed initial public offer (IPO) of Godrej Agrovet consists of fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale (OFS) of shares aggregating upto Rs 300 crore and upto 1.23 crore shares by V-Sciences Investments Pte.
On consolidated basis, Godrej Industries reported net profit of Rs 95.23 crore in Q4 March 2017, compared with net loss of Rs 57.03 crore in Q4 March 2016. Net sales rose 6.9% to Rs 1950.84 crore in Q4 March 2017 over Q4 March 2016.
Godrej Industries is a conglomerate with a significant presence in Home and Personal Care, Animal Feeds, Dairy and Agri-products, Poultry, Oil Palm Plantation, Real Estate Development, Oleo-chemicals and Vegetable Oils, both directly and through subsidiaries/associate companies.

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Natco Pharma in pink of health after USFDA clears facility

Jul 20 2017 12:44PM

On the BSE, 35,047 shares were traded on the counter so far as against the average daily volumes of 55,893 shares in the past one quarter. The stock had hit a high of Rs 1,027.45 and a low of Rs 1,000 so far during the day. The stock had hit a record high of Rs 1,080 on 9 June 2017 and a 52-week low of Rs 495 on 9 November 2016.
The stock had underperformed the market over the past one month till 19 July 2017, gaining 1.99% compared with Sensex's 2.06% rise. The scrip had also underperformed the market in past one quarter, rising 3.55% as against Sensex's 8.93% rise. The scrip had, however, outperformed the market in past one year, gaining 70.57% as against Sensex's 15% rise.
The large-cap company has equity capital of Rs 34.86 crore. Face value per share is Rs 2.
Natco Pharma announced the receipt of successful Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for the inspection conducted at its drug formulations facility at Kothur unit, Telangana, India, during the period 16 to 24 January 2017.
Kothur formulation facility predominantly caters to regulated international markets, including USA.
Natco Pharma's consolidated net profit spurted 181.4% to Rs 176.70 crore on 46.5% increase in net sales to Rs 577.80 crore in Q4 March 2017 over Q4 March 2016.
Natco Pharma manufactures generic dosage forms, bulk actives and intermediates for the Indian and international markets



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Atlas Cycles advances on stock-split plan

Jul 20 2017 12:43PM

On the BSE, 436 shares were traded on the counter so far as against the average daily volumes of 3,901 shares in the past one quarter. The stock opened with an upward gap of 5% at Rs 375.05 and remained stuck at that level so far. The stock had hit a record high of Rs 694 on 16 January 2017 and a 52-week low of Rs 195.20 on 12 August 2016.
The stock had underperformed the market over the past one month till 19 July 2017, declining 14.36% compared with the Sensex's 2.06% rise. The scrip had also underperformed the market over the past one quarter declining 16.68% as against the Sensex's 8.93% rise. The scrip had, however, outperformed the market over the past one year advancing 72.23% as against the Sensex's 15% rise.
The small-cap company has equity capital of Rs 3.25 crore. Face value per share is Rs 10.
Atlas Cycles (Haryana) said that a meeting of the board of directors of the company has been scheduled to be held on Friday, 4 August 2017, to consider the sub-division of equity shares of the company.
Atlas Cycles (Haryana) reported net loss of Rs 2.99 crore in Q3 December 2016, compared with net loss of Rs 2.05 crore in Q3 December 2015. Net sales rose 8.5% to Rs 146.75 crore in Q3 December 2016 over Q3 December 2015.
Atlas Cycles (Haryana) is a manufacturer of bicycles. The company manufactures components of bicycles and steel tubes.

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DCW hits 52-week high on recent rally

Jul 19 2017 12:39PM

On the BSE, 19.04 lakh shares were traded on the counter so far as against the average daily volumes of 3.77 lakh shares in the past one quarter. The stock had hit a high of Rs 42.55 so far during the day, which is also its 52-week high. The stock hit a low of Rs 39.75 so far during the day. The stock had hit a 52-week low of Rs 25.65 on 29 September 2016.
The stock had outperformed the market over the past one month till 18 July 2017, advancing 9.72% compared with the Sensex's 2.11% rise. The scrip had also outperformed the market over the past one quarter gaining 10.64% as against the Sensex's 8.16% rise. The scrip had also outperformed the market over the past one year advancing 35.51% as against the Sensex's 14.29% rise.
The small-cap company has equity capital of Rs 43.94 crore. Face value per share is Rs 2.
Shares of DCW rose 20.43% in five trading sessions to its current market price of Rs 42.15, from a close of Rs 35 on 12 July 2017.
DCW's net profit spurted 71.5% to Rs 4.58 crore on 13.6% decrease in net sales to Rs 289.91 crore in Q4 March 2017 over Q4 March 2016.
DCW is engaged in the manufacture of caustic soda, soda ash and polyvinyl chloride (PVC) resin.


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Alembic Pharmaceuticals gets ANDA approval for Olmesartan Medoxomil and Amlodipine Tablets

Jul 18 2017 12:59PM


Alembic Pharmaceuticals has received US Food & Drug Administration (USFDA) Approval for Olmesartan Medoxomil and Amlodipine Tablets, 20mg/5mg, 40mg/5mg, 20mg/10mg and 40mg/10mg. The approved ANDA is therapeutically equivalent to the reference listed drug product Azor Tablets, 20mg/5mg, 40mg/5mg, 20mg/10mg and 40mg/10mg of Daiichi Sankyo Inc. and is indicated in the treatment of hypertension.

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RIL jumps 12.51% in eleven sessions

Jul 17 2017 6:02PM

On the BSE, 1.99 lakh shares were traded on the counter so far as against the average daily volumes of 3.99 lakh shares in the past one quarter. The stock had hit a high of Rs 1,588.80, which is also a 52-week high for the stock. The stock had hit a low of Rs 1,534.30 so far during the day. The stock had hit a 52-week low of Rs 932 on 9 November 2016.
Shares of Reliance Industries (RIL) have risen 12.51% in eleven trading sessions to its current market price, from its close of Rs 1,380.25 on 30 June 2017.
The stock had outperformed the market over the past one month till 14 July 2017, gaining 12.92% compared with 2.78% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 12.22% as against Sensex's 8.69% gains. The scrip had also outperformed the market in past one year, jumping 52.12% as against Sensex's 14.6% rise.
The large-cap company has equity capital of Rs 3251.74 crore. Face value per share is Rs 10.
RIL stock has surpassed Rs 5 lakh crore market capitalization for the first time in history.
RIL's telecom subsidiary Reliance Jio Infocomm (Jio) had announced on 11 July 2017 that Jio Prime Members can enjoy unlimited services for 3 months with Rs 399 plan. The earlier launched Rs 309 plan will provide 2 months of unlimited Jio services.
The company will announce its Q1 results on 20 July 2017. On a consolidated basis, net profit of RIL rose 11.5% to Rs 8053 crore on 42.1% rise in net sales to Rs 84823 crore in Q4 March 2017 over Q4 March 2016.
RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

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SBI Life gets final nod for IPO from SBI central board

Jul 11 2017 1:07PM

State Bank of India said that its central board approved dilution of its stake in its life insurance arm through an initial public offer for which it has already secured the sectoral regulatory approval.
Once it hits the markets, SBI Life Insurance would become the second insurer after ICICI Prudential Life to go public.
"The executive committee of the central board of the bank at a meeting held on Monday, accorded the final approval for divestment of SBI's stake in SBI Life through an IPO," SBI said in an exchange filing.
Last Friday, the Insurance Regulatory and Development Authority of India (IRDAI) approved SBI Life's Rs 7,000 crore IPO application, making it the largest share sale by a life insurer in the country. But the company is awaiting the final approval from the markets watchdog Sebi.
Pending all the approvals from all regulators, the board has decided to go ahead with the share sale of up to 8 crore equity shares, the price of which will be fixed later in consultation with selling shareholders-the parent SBI, and the foreign partner BNP Paribas Cardiff, the filing said.
SBI Life has hired BNP Paribas, Citi, Kotak Investment Bank and Axis Capital to manage the initial share sale.
SBI Life is a joint venture between State Bank and BNP Paribas Cardiff in which SBI holds 70.1 per cent and BNP Paribas Cardiff 26 per cent. Private equity firm KKR and Singapore-government owned investment company Temasek hold 1.95 per cent each in the life insurer.
Meanwhile, shares of the Bank were trading at Rs 288.15 apiece, up 0.91 per cent from the previous close at 12:45 hours on BSE.

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Outcome of board meeting of Unimode Overseas

Jul 10 2017 7:04PM

The Board of Directors of Unimode Overseas at its meeting held on 10 July 2017 has given effect to the reduction of 90% of Paid- up share capital of the Company and has allotted 5,010,507 Equity shares of face value of Rs. 1/- each to every shareholder whose name appears in the List of Members/ Beneficial Owners maintained by RTA/ Depositories as on 22 June 2017, being the Record Date fixed for the same purpose.Consequently, pursuant to reduction, the paid up Equity Share Capital of the Company shall stand reduced to Rs. 5,010,507/- comprising of 5,010,507 Equity shares of face value of Rs. 1/- each.

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Vinati Organics gets reaffirmation in credit ratings for bank facilities

Jul 4 2017 12:55PM

Vinati Organics announced that CARE has reaffirmed its ratings for bank facilities of the Company as under -Short term bank facilities (Rs 31.65 crore) - CARE A1+ Long term/ Short term bank facilities (Rs 30 crore) - CARE AA-; Stable / CARE A1+ Long term / short term bank facilities (Rs 5 crore) - CARE AA-; Stable/ CARE A1+

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Tata Motors records passenger and commercial vehicles total sales at 40358 units

Jul 3 2017 4:56PM

Tata Motors announced that mixed consumer sentiments in June 2017 towards the implications of GST have impacted the passenger vehicles business sales, while the commercial vehicles business grew on month-on month basis, due to BS4 production ramp-up.Tata Motors passenger and commercial vehicles total sales (including exports) in June 2017 were at 40,358 vehicles, lower by 9% over 44,525 vehicles sold in June 2016. The company's domestic sales of Tata commercial and passenger vehicles for June 2017 were at 36,854 vehicles, lower by 5% over 38,718 vehicles sold in June 2016.
Tata Motors Commercial Vehicles domestic business reported sales of 25,678 nos., lower by 2% over June 2016 but continues to grow month-on-month on the back of ramp up of BS4 production, across segments.
In June 2017, Tata Motors passenger vehicles sales were impacted by the mixed reactions towards GST resulting in low buying sentiments. The passenger vehicle business recorded sales of 11,176 nos., lower by 10%, over 12,482 nos. in June 2016. This drop in volume is seen temporary and will be recovered in the quarter to come based on 11% growth in April-June 2017 quarter compared to the last year.
The company's sales from exports were at 3,504 nos. in June 2017, a decline of 40% compared to 5,807 vehicles sold in June 2016 owing to supply constraints.

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ICICI Prudential Mutual Fund announces 0.01% dividend

Jun 29 2017 12:54PM

ICICI Prudential Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Money Market Fund - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was June 26. The latest NAV of the scheme is Rs 100.11. The investment objective of the open ended liquid fund scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market securities. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Aditya Pagaria is the fund manager of the scheme.

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0.01% Dividend declared by Tata Mutual Fund

Jul 21 2017 12:41PM

Tata Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Regular Plan” on the face value of Rs 1000 per unit. The record date for the dividend was July 18. The latest NAV of the scheme is Rs 1001.52. The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

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Reliance Fixed Horizon Fund – XXXIV – Series 10 Floats On

Jul 20 2017 12:46PM

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXXIV – Series 10, a close ended income scheme with the duration of 1174 days 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 12 July and close on 13 July 2017.The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
The scheme offers growth and dividend payout option under both regular plan and direct plan.
The scheme will allocate upto 10% of its assets in money market instruments with low risk profile and invest 90%-100% of its assets in government securities / State Development Loans (SDLs) & Debt 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 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.
The fund manager of the scheme will be Amit Tripathi.

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0.04% Div announced by Birla Sun Life Mutual Fund

Jul 19 2017 12:38PM

Birla Sun Life Mutual Fund has announced 0.04 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Plus - Retail Plan” on the face value of Rs 100 per unit.
The record date for the dividend was July 15.The latest NAV of the scheme is Rs 163.69.
The investment objective of the open ended liquid fund scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

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0.01% dividend declared by Tata Mutual Fund

Jul 19 2017 12:37PM

Tata Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Regular Plan” on the face value of Rs 1000 per unit. The record date for the dividend was July 16. The latest NAV of the scheme is Rs 1001.52. The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme

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1% Dividend announced by UTI Mutual Fund

Jul 18 2017 12:56PM

UTI Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “UTI Wealth Builder Fund-Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend was July 12. The latest NAV of the scheme is Rs 19.31.
The investment objective of the open ended equity scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments.
The performance of the scheme was benchmarked against S&P BSE 100. V Srivatsa is the fund manager of the scheme.

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0.0911% dividend announced by Birla Sun Life Mutual Fund

Jul 17 2017 6:00PM

The record date for the dividend was July 14. The latest NAV of the scheme is Rs 101.64.
The investment objective of the open ended debt fund is to generate income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return and also fixed rate instruments and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Rahul Goswami is the fund manager of the scheme.

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0.2654% dividend announced by ICICI Prudential Mutual Fund

Jul 17 2017 5:59PM

ICICI Prudential Mutual Fund has announced 0.2645 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Savings Fund - Option B” on the face value of Rs 100 per unit.ICICI Prudential Mutual Fund has announced 0.2645 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Savings Fund - Option B” on the face value of Rs 100 per unit.

The record date for the dividend was July 14. The latest NAV of the scheme is Rs 101.64.

The investment objective of the open ended debt fund is to generate income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return and also fixed rate instruments and money market instruments.

The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Rahul Goswami is the fund manager of the scheme.

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ICICI Prudential Mutual Fund announces 2% dividend

Jul 17 2017 12:44PM

ICICI Prudential Mutual Fund has announced 2 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Dynamic Plan - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend was July 14. The latest NAV of the scheme is Rs 27.07.
The investment objective of the open ended equity diversified scheme is to generate capital appreciation by actively investing in equity and equity related securities.
The performance of the scheme was benchmarked against Nifty 50. Sankaran Naren is the fund manager of the scheme.

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Copper futures gain on upbeat demand

Jul 21 2017 12:40PM

Copper futures were trading higher during the noon trade in the domestic market on Friday as traders widened their bets.
Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.
At the MCX, copper futures for August 2017 contract is trading at Rs 388.50 per kg, up by 0.32 per cent, after opening at Rs 387.45, against a previous close of Rs 387.25. It touched the intra-day high of Rs 389.30

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Yellow metal edges lower ahead of ECB meeting

Jul 20 2017 12:47PM

Gold is trading in the red in the afternoon trade on Thursday as markets looked to a meeting of the European Central Bank (ECB) later in the day for clues on the outlook for its stimulus programme.
At the MCX, gold futures for August 2017 contract is trading at Rs 28194 per 10 grams, down by 0.20 per cent, after opening at Rs 28217, against a previous close of Rs 28250. It touched the intra-day high of Rs 28217

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Copper futures gain on spot demand

Jul 19 2017 12:36PM

Copper futures were trading higher during the noon trade in the domestic market on Wednesday as traders widened their bets amid firm global cues.
Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.
At the MCX, copper futures for August 2017 contract is trading at Rs 389.50 per kg, up by 0.13 per cent, after opening at Rs 388.35, against a previous close of Rs 389.00. It touched the intra-day high of Rs 389.80

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Mentha oil futures up on spot demand

Jul 19 2017 12:35PM

Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions.
Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
At the MCX, mentha oil futures for July 2017 contract is trading at Rs 956.80 per kg, up by 0.06 per cent, after opening at Rs 957.10, against the previous closing price of Rs 956.20. It touched the intra-day high of Rs 959.70

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Lead futures dip on subdued demand

Jul 18 2017 12:54PM

Lead futures were trading lower during the afternoon trade in the domestic market on Tuesday as participants reduced their exposure amid subdued demand from consuming industries in the spot market.
Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.
At the MCX, lead futures for July 2017 contract were trading at Rs 146.20 per kg, down by 0.41 per cent, after opening at Rs 146.95, against a previous close of Rs 146.80. It touched the intra-day low of Rs 145.80

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Copper futures slide 0.39% on tepid demand

Jul 18 2017 12:53PM

Copper futures were trading lower during the noon trade in the domestic market on Tuesday as traders indulged in reducing their positions.
Analysts attributed the fall in copper prices at futures trade to a weak trend in base metals at the domestic spot markets due to low demand from consuming industries.
At the MCX, copper futures for August 2017 contract is trading at Rs 387.80 per kg, down by 0.39 per cent, after opening at Rs 389.05, against a previous close of Rs 389.30. It touched the intra-day low of Rs 387.00 

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Aluminium futures surge amid rising demand

Jul 17 2017 5:57PM


Aluminium futures were trading higher during the evening trade in the domestic market on Monday as speculators raised bets, driven by rise in demand at the spot market.
Analysts said widening of positions by participants due to pick up in demand from consuming industries in the spot market mainly influenced aluminium prices at futures trade.
At the MCX, aluminium futures for July 2017 contract is trading at Rs 123.75 per kg, up by 0.53 per cent, after opening at Rs 123.50, against a previous close of Rs 123.10. It touched the intra-day high of Rs 124.20

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Gold rises as prospects for US rate hikes weigh on dollar

Jul 17 2017 5:56PM

Gold prices edged up in the domestic market on Monday as the US dollar fell to new lows after the prospect for further interest rate hikes in the United States this year dimmed following softer US economic data. Also, there was buying in precious metals by jewellers, industries and retailers.
At the MCX, gold futures for August 2017 contract is trading at Rs 28124 per 10 grams, up by 0.46 per cent, after opening at Rs 28050, against a previous close of Rs 27996. It touched the intra-day high of Rs 28130

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Mid-Session: Sensex, Nifty stay on firm footing; Wipro zooms 7% post Q1

Jul 21 2017 12:42PM

The Indian benchmark indices continued to trade higher in late morning deal on Friday, albeit paring most of early gains, led by gains in index heavyweights such as Wipro, Reliance Industries, Coal India, Tata Consultancy Services and Infosys. Wipro jumped nearly 7 per cent after IT major reported better-than-expected earnings and announced to buyback equity shares worth Rs 11,000 crore. Mukesh Ambani-led RIL rose 2 per cent after the company reported net profit of Rs 9,108 crore for the June 2017 quarter, up 28 per cent from the corresponding period last year. 
At 12:15 hours, the 30-share benchmark index was trading at 31956.05, up by 51.65 points or by 0.16 per cent, and the NSE Nifty was at 9888, up by 14.7 points or by 0.15 per cent. 
In the day’s trade so-far, Sensex touched intraday high of 32062.23 and intraday low of 31931.34, while the NSE Nifty touched intraday high of 9919.85 and intraday low of 9878.8. 
The top gainers of the BSE Sensex pack were Wipro Ltd. (Rs. 287.70,+6.95%), Reliance Industries Ltd. (Rs. 1559.00,+1.98%), Coal India Ltd. (Rs. 260.50,+1.98%), Tata Consultancy Services Ltd. (Rs. 2473.05,+1.14%), Infosys Ltd. (Rs. 978.05,+0.93%), among others. 
On the flip side, Bharti Airtel Ltd. (Rs. 405.25,-3.45%), Lupin Ltd. (Rs. 1138.25,-2.38%), Cipla Ltd. (Rs. 562.20,-1.64%), Power Grid Corporation of India Ltd. (Rs. 216.40,-1.16%), Axis Bank Ltd. (Rs. 534.50,-1.07%), were among top gainers on BSE. 
On the sectoral front, IT and Teck stocks emerged as top gainers on BSE, adding as much as 1.42 per cent and 0.77 per cent respectively. 
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2629, shares advanced were 1338 while 1152 shares declined and 139 were unchanged.

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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]