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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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Todays market trading have been highlighted on RIL, TCI Express, Tube Investments

Jun 10 2021 3:11PM

Reliance Industries (RIL) said that the Fluidized Catalytic Cracker Unit (FCCU) in SEZ refinery at Jamnagar had to be taken for an emergencyshutdown on 6th June 2021. All other units at the Jamnagar Refining complex are operating normally. Consequently, some product shipmentsmay get delayed and the company is working to minimize the impact on our customers.Shares of Adani Enterprises will be in focus. Reports indicated that the company is preparing to raise nearly $1 billion in 2021 through an initialpublic offering (IPO) by Adani Wilmar.TCI Express announced that its new sorting centre at Pune has become operational after receiving relevant regulatory approvals.The Board of Directors of Tube Investments of India at its meeting on 17th June 2021 will also be considering authorizing borrowing throughvarious means including by way of issue of nonconvertible debentures on a private placement basis, during FY 2021-22, in one or more tranches.Accelya Solutions India said that Accelya Group Bidco, promoter of the company, proposed to sell up to 21,81,773 equity shares on June 10,2021 and on June 11, 2021. The floor price for the offer is Rs 910

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Textile division production of bath linen jumped 141.03% to 5,122 metric tonnes

Jun 10 2021 3:10PM

In the home textile division, production of bath linen jumped 141.03% to 5,122 metric tonnes (MT) in May 2021 as against 2,125 MT in May2020. Production of bed linen soared 101.32% to 3.04 million metric (MM) in May 2021 from 1.51 MM in May 2020. Production of yarn surged135.08% to 10,311 MT in May 2021 over 4,386 MT in May 2020.In paper & chemicals division, production of paper spurted 27.59% to 12,569 MT in May 2021 compared with 9,851 MT in May 2020. Productionof chemicals climbed 76.23% to 9,046 MT in May 2021 as against 5,133 MT in May 2020.Trident's consolidated net profit surged 90.5% to Rs 76.45 crore on a 35.7% surge in net sales to Rs 1,344.95 crore in Q4 March 2021 over Q4March 2020.Punjab-based Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of thelargest players in home textile space in India

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Inox Leisure launches qualified institutions placement committee

Jun 9 2021 7:47PM

The qualified institutions placement committee of the board of directors of the company is scheduled to meet on or after 11 June 2021, to consider and approve theissue price for the QIP issue. The company may offer a discount of not more than 5% on the floor price so calculated for the issue.In its draft placement document filed with the bourses, Inox Leisure said that it proposes to utilize the net proceeds from the QIP issue to meet capital expenditurerequirements for ongoing and future projects; to sustain growth in the business; for business expansion and to improve the financial leveraging strength of thecompany; towards working capital requirements; towards debt repayments including repayment of any existing or future debt incurred for any purpose including forpaying off any liability; for investments including amongst others, in subsidiary companies; to meet the current operational expenses; and for general corporatepurposes.Inox Leisure is a multiplex chains operator. The company reported a consolidated net loss of Rs 93.69 crore in Q4 FY21 as against a net loss of Rs 82.15 crore in Q4FY20. Net sales declined by 75.66% YoY to Rs 90.44 crore during the quarter

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Todays market trading have been focused on Tata motors ,Adani groups .

Jun 9 2021 7:45PM

Tata Motors said that a new wholly owned subsidiary named ‘TML CV Mobility Solutions Limited' has been incorporated as a wholly ownedsubsidiary of Tata Motors. TML CV Mobility Solutions was incorporated to provide end to end services of operating, repair and maintenanceincluding annual maintenance contracts (AMC) and Fleet Management Services (FMS) for the automotive including electric mobility/electricvehicles, electric buses, Fuel Cell buses, all types of commercial vehicles etc.Adani Enterprises has incorporated a wholly-owned subsidiary namely, Mundra Windtech on 7th June, 2021 to carry on business asmanufacturers of Wind Turbine Generators and other auxiliaries.INOX Leisure said announced opening of QIP on June 8. The floor price is Rs 315.25 per equity share. The board will meet on June 11 todetermine the QIP issue price.Religare Enterprises said the board of directors of the company has considered and approved approved raising of funds to the tune of Rs 570crore by preferential issue.Welspun Corp said the company has received multiple orders of approximately 164 KMT valuing close to INR 1,725 crore.Thangamayil Jewellery informed that the Tamilnadu Government has extended the total lockdown till 14 June 2021. Hence all showrooms andoffices will remain closed till such date.

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Archrock the leading provider of natural gas compression services in the U.S.

Jun 8 2021 3:37PM

Infosys announced a collaboration with Archrock, Inc. (Archrock), the leading provider of natural gas compression services in the U.S., tointegrate digital technologies and mobile tools for its field service technicians. As part of this engagement, Infosys will leverage its pre-configuredaccelerator for Microsoft Dynamics 365 Field Service Application to streamline and enhance the efficiencies of Archrock's field services andoperations.Indiabulls Housing Finance (IBH) and Indiabulls Commercial Credit (ICCL) has entered into a strategic co-lending partnership with Central Bankof India to offer secured retail loans and secured MSME loans respectively at competitive rates.Jindal Steel & Power (JSPL) said steel production increased by 31% y-o-y to 13.71 lakh tonnes in Apr-May 21 (April 6.81 lakh tonnes and May6.90 lakh tonnes) as compared to 10.44 lakh tonnes in the same period last year.Bank of India said the Reserve Bank of India (RBI) advised the bank to pay a penalty of Rs.4 crore for non-compliance with certain provisions ofthe RBI directions with respect to "KYC norms/ AML standards/ CFT / obligation of banks under PMLA, 2002".Surya Roshni said that the company has received order of Rs 170.52 crore for coated line pipes for gas grid pipeline project from IndradhanushGas Grid (IGGL).

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Bank of Maharashtra crashed in today trading and was biggest losser in A group

Jun 8 2021 3:35PM

Bank of Maharashtra crashed 6.63% to Rs 26.75 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 41.3 lakh shares were traded on thecounter so far as against the average daily volumes of 20.58 lakh shares in the past one month.Magma Fincorp Ltd tumbled 4.99% to Rs 156.25. The stock was the second biggest loser in 'A' group.On the BSE, 1.95 lakh shares were traded on the counter so faras against the average daily volumes of 3.01 lakh shares in the past one month.Spandana Sphoorty Financial Ltd lost 4.87% to Rs 700. The stock was the third biggest loser in 'A' group.On the BSE, 13758 shares were traded on the counter so faras against the average daily volumes of 29140 shares in the past one month.Indiabulls Real Estate Ltd shed 4.32% to Rs 107.4. The stock was the fourth biggest loser in 'A' group.On the BSE, 7.21 lakh shares were traded on the counter so faras against the average daily volumes of 10.09 lakh shares in the past one month.CreditAccess Grameen Ltd fell 3.85% to Rs 711. The stock was the fifth biggest loser in 'A' group.On the BSE, 13941 shares were traded on the counter so far asagainst the average daily volumes of 14051 shares in the past one month.

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Axis Bank clarified that the said newsitem is speculative and the bank

Jun 7 2021 4:16PM

With reference to the news item dated 4th June 2021 captioned 'Axis Bank to buy Spandana Sphoorty,' Axis Bank clarified that the said newsitem is speculative and the bank does not comment on market speculation. The bank has not taken any such decision in this regard.PNB reported a net profit of Rs 586.33 crore in Q4 FY21 as against a net loss of Rs 697.20 crore in Q4 FY20. The bank's total income increasedby 37.5% to Rs 22,531.73 crore in Q4 FY21 over Q4 FY20. The bank's operating profit (before provisions & contingencies) surged 43.3% to Rs5,634.31 crore in Q4 FY21 over Q4 FY20.MOIL reported net profit of Rs 116 crore in Q4 FY21, steeply higher compared with 13.47 crore in Q4 FY20. Net sales grew 81% to Rs 450.14crore in Q4 FY21 as against Rs 248.66 crore in Q4 FY20. Profit before tax stood at Rs 159.37 crore in Q4 FY21, steeply higher than Rs 21.62crore in Q4 FY20.Credit ratings agency India Ratings and Research (Ind-Ra) assigned Jubilant Ingrevia (JVL) a long-term issuer rating of 'IND AA' with a stableoutlook. The ratings agency assigned a credit rating of 'IND AA/Stable/IND A1+' on the company's fund-based limits of Rs 475 crore. It hasassigned 'IND A1+' rating on the non-fund-based limits of the company worth Rs 772.5 crore.On a consolidated basis, Jubilant Pharmova's net profit (from continuing operations) dropped 18.64% to Rs 172.68 crore on 0.71% rise in totalrevenue from operations to Rs 1,579.78 crore in Q4 March 2021 over Q4 March 2020.Force Motors announced that its total production stood at 1,306 units in May 2021, steeply higher than 26 units in May 2020. Total domesticsales surged 410.15% to 1,306 units in May 2021 as against 256 units in May 2020. Total exports were at 154 units in May 2021. There were noexports during the same period last year due to Covid-19 pandemic.RBL Bank said that the Reserve Bank of India (RBI) has approved the re-appointment of Vishwavir Ahuja as the Managing Director & CEO of thebank, for further period of one year, with effect from June 30, 2021.On a consolidated basis, Varroc Engineering reported net loss of Rs 144.32 crore in Q4 FY21, higher than net loss of Rs 137.10 crore in Q4 FY20.Net sales jumped 31.9% to Rs 3,619.26 crore in Q4 FY21 from Rs 2,744.75 crore in Q4 FY20. Pre-tax loss stood at Rs 117.76 crore in Q4 FY21as against a pre-tax loss of Rs 136.72 crore in Q4 FY20.Mishra Dhatu Nigam (MIDHANI) on Friday announced that it has raised Rs 50 crore by allotting commercial papers to Union Bank on privateplacement basis.Welspun Corp said that American Petroleum Institute, USA has granted license to the company, to manufacture SAWH pipes as per APISpecification 5L & to apply API monogram on the pipes from company's Madhya Pradesh facility with effect from 26 May 2021.IOL Chemicals & Pharmaceuticals reported 17% drop in net profit to Rs 75 crore on 4% rise in total revenue from operations to Rs 467 crore inQ4 FY21 over Q4 FY20.

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Bharti Airtel informed that ICRA has reaffirmed [ICRA]AA- (Stable) issuer rating of the company

Jun 7 2021 4:14PM

Bharti Airtel informed that ICRA has reaffirmed [ICRA]AA- (Stable) issuer rating of the company. However, since the company, presently has noinstrument rated under this rating, ICRA has withdrawn this rating at company's request.M&M said that Ministry of Defence signed a contract with M/s Mahindra Telephonics Integrated Systems Ltd., Mumbai for procurement of 11Airport Surveillance Radars with Monopulse Secondary Surveillance Radar for Indian Navy and Indian Coast Guard on June 03, 2021. Theprocurement, at a cost of Rs 323.47 crore, will be made under the ‘Buy & Make' category.Lupin announced the launch of the authorized generic version of Brovana (arformoterol tartrate) Inhalation Solution 15 mcg?/2 mL, unit-dosevials, of Sunovion Pharmaceuticals Inc.DCB Bank announced revision in Marginal Cost of Funds based Lending Rate (MCLR) with effect from June 5, 2021.ABB Power Products and Systems India said that the operations at the manufacturing facility of the company situated in Peenya, Bengaluru,Karnataka has resumed from May 28, 2021.BEML has started manufacturing 960 LPM Medical Oxygen Plants at its KGF complex in record time under a ToT agreement with M/s. DefenceBio-Engineering & Electro Medical Laboratory (DEBEL), Bengaluru under DRDO.

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Palm Jewels Ltd lost 9.99% to Rs 65.3 at 14:33 IST

Jun 10 2021 3:17PM

Dewan Housing Finance Corporation Ltd, Suncare Traders Ltd, Trejhara Solutions Ltd and Deep Industries Ltd are among the other losers in the BSE's 'B' group today,10 June 2021.Palm Jewels Ltd lost 9.99% to Rs 65.3 at 14:33 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 37545 shares were traded on the counter so faras against the average daily volumes of 1.47 lakh shares in the past one month.Dewan Housing Finance Corporation Ltd crashed 9.95% to Rs 18.55. The stock was the second biggest loser in 'B' group.On the BSE, 2.72 lakh shares were traded onthe counter so far as against the average daily volumes of 7.75 lakh shares in the past one month.Suncare Traders Ltd tumbled 9.21% to Rs 0.69. The stock was the third biggest loser in 'B' group.On the BSE, 32.44 lakh shares were traded on the counter so far asagainst the average daily volumes of 29.52 lakh shares in the past one month.Trejhara Solutions Ltd dropped 7.00% to Rs 55.8. The stock was the fourth biggest loser in 'B' group.On the BSE, 71039 shares were traded on the counter so far asagainst the average daily volumes of 30676 shares in the past one month.Deep Industries Ltd shed 6.97% to Rs 81.45. The stock was the fifth biggest loser in 'B' group.On the BSE, 41835 shares were traded on the counter so far as againstthe average daily volumes of 31185 shares in the past one month.

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PTC India Financial Services Ltd leads to loser in todays trading

Jun 10 2021 3:15PM

Sundaram Clayton Ltd, Shankara Building Products Ltd, Birla Corporation Ltd and Vinati Organics Ltd are among the other losers in the BSE's 'A' group today, 10 June2021.PTC India Financial Services Ltd crashed 5.87% to Rs 19.25 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 8.87 lakh shares weretraded on the counter so far as against the average daily volumes of 2.53 lakh shares in the past one month.Sundaram Clayton Ltd lost 2.45% to Rs 3658.3. The stock was the second biggest loser in 'A' group.On the BSE, 585 shares were traded on the counter so far asagainst the average daily volumes of 1326 shares in the past one month.Shankara Building Products Ltd tumbled 2.41% to Rs 444. The stock was the third biggest loser in 'A' group.On the BSE, 60123 shares were traded on the counter sofar as against the average daily volumes of 25723 shares in the past one month.Birla Corporation Ltd slipped 2.06% to Rs 1249. The stock was the fourth biggest loser in 'A' group.On the BSE, 7774 shares were traded on the counter so far asagainst the average daily volumes of 28157 shares in the past one month.Vinati Organics Ltd plummeted 1.98% to Rs 1742.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 21997 shares were traded on the counter so far asagainst the average daily volumes of 21393 shares in the past one month.

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Wonderla Holidays operates three amusement parks in Kochi, Bangalore and Hyderabad under the brand name Wonderla

Jun 9 2021 7:49PM

Net sales dropped 21.5% to Rs 33.30 crore in Q4 FY21 over Q4 FY20. Pre-tax loss stood at Rs 6.28 crore in Q4 FY21 as against a pre-tax profitof Rs 0.42 crore in Q4 FY20. EBITDA during Q4 March 2021 dropped 46.69% to Rs 4.03 crore as against Rs 7.56 crore in Q4 March 2020. Theresort achieved 28% occupancy during the fourth quarter of FY 2020-21 as against 33% during the corresponding period over last year.During the financial year, Wonderla Holidays' standalone net loss stood at Rs 49.93 crore in FY21 compared with net profit of Rs 64.78 crore inFY20. Total revenue from operations fell 85.86% to Rs 38.27 crore in FY21 compared with Rs 270.87 crore in FY20.The Hyderabad Park was re-opened to the public on 9 January 2021 with an invitation price of Rs 699 till 31 January 2021. The gross revenueduring Q4 March 2021 stood at Rs 34.79 crore, which was 77% of the achievement as against the corresponding period of last financial year,recording Rs 44.91 crore.In the Q4 FY21, Wonderla Holidays achieved a total footfall of 3.11 lakh as against 4.05 lakh in the corresponding period of last financial year,registering a 23.20% fall Y-o-Y (year-on-year). Its Bangalore park achieved 1.18 lakh, Kochi park achieved 0.82 lakh and Hyderabad Parkachieved 1.11 lakh of footfall. During this quarter, in January 2021, parks were functional only from Thursday to Sunday and in February 2021,from Wednesday to Sunday and all them were opened on all the days in the month of March 2021.For its business outlook, Arun K Chittilappilly, the managing director (MD) of Wonderla Holidays, commented: "The parks were shut down inMarch 2020 due to the pandemic and the revenue opportunity during the last 8 months was completely lost. The bright spot during the fourthquarter was the re-opening of our Hyderabad Park in January. We are delighted by the trust that our patrons have shown in us as we resumedbusiness after eight months in November 2020, which reinforced our confidence to reopen all parks in a phased and we slowly increased thenumber of park open days in February from Wednesday to Sunday and finally with the support of our customers in the month of March weopened all our parks in all days.""During the period, we tasted success with many innovative offerings like Women only outing on Women's day, Valentines' day package for thecouple for Parks and Resort, free entry to anyone named Kamala to honour the US VP's win which gave us a tremendous visibility across theworld. As a testimony to our excellent hygiene practices, all Wonderla Parks have received the COV-Safe certification by Bureau Veritas India andbecome the first amusement park in India to be awarded for the same. We wanted to reassure our visitors of safety and hygiene followed at thetheme park and this certification is a step ahead in that direction. We look forward to offering the public an opportunity to unwind and relax atWonderla soon.

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Greaves Cotton Ltd clocked and the Volumes stood at 7.93 lakh shares in the last session

Jun 8 2021 3:39PM

Greaves Cotton Ltd clocked volume of 73.75 lakh shares by 14:19 IST on NSE, a 10.74 times surge over two-week average daily volume of 6.87 lakh shares. The stockgained 9.18% to Rs.141.50. Volumes stood at 7.93 lakh shares in the last session.Torrent Power Ltd recorded volume of 81.54 lakh shares by 14:19 IST on NSE, a 5.9 times surge over two-week average daily volume of 13.83 lakh shares. The stockgained 2.54% to Rs.472.90. Volumes stood at 59.68 lakh shares in the last session.Sun Pharma Advanced Research Company Ltd registered volume of 71.64 lakh shares by 14:19 IST on NSE, a 5.56 fold spurt over two-week average daily volume of12.89 lakh shares. The stock rose 6.92% to Rs.248.60. Volumes stood at 29.05 lakh shares in the last session.Laurus Labs Ltd clocked volume of 136.59 lakh shares by 14:19 IST on NSE, a 5.35 times surge over two-week average daily volume of 25.52 lakh shares. The stockgained 8.80% to Rs.622.50. Volumes stood at 44.14 lakh shares in the last session.Suven Pharmaceuticals Ltd registered volume of 8.49 lakh shares by 14:19 IST on NSE, a 5.03 fold spurt over two-week average daily volume of 1.69 lakh shares. Thestock slipped 3.93% to Rs.495.55. Volumes stood at 1.48 lakh shares in the last session

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Varroc Engineering Ltd leads losers in 'A' group

Jun 7 2021 4:18PM

Jubilant Pharmova Ltd lost 5.59% to Rs 789.45. The stock was the second biggest loser in 'A' group.On the BSE, 65254 shares were traded on the counter so far asagainst the average daily volumes of 25189 shares in the past one month.IOL Chemicals & Pharmaceuticals Ltd crashed 5.39% to Rs 662.45. The stock was the third biggest loser in 'A' group.On the BSE, 1.71 lakh shares were traded on thecounter so far as against the average daily volumes of 1.27 lakh shares in the past one month.NMDC Ltd dropped 5.04% to Rs 183.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 13.76 lakh shares were traded on the counter so far as againstthe average daily volumes of 15.72 lakh shares in the past one month.Indiabulls Housing Finance Ltd corrected 4.76% to Rs 248.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 19.22 lakh shares were traded on thecounter so far as against the average daily volumes of 14.68 lakh shares in the past one month.

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IDBI Bank is the youngest, new generation public sector

Jun 4 2021 3:03PM

IDBI Bank has secured a $239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group, among one of the largest debt judgments obtained by an Indian bank in the English courts.
IDH International Drilling Holdco (IDH), the Cypriot-registered parent company of the borrowers, is disappointed with the judgment and is considering its position with regard to an appeal of this judgement.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

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ISGEC Heavy Engineering has taken over the Operations and Maintenance

Jun 4 2021 3:02PM

Amid the pandemic, ISGEC Heavy Engineering has taken over the Operations and Maintenance of a 3 X 30 MW Cogeneration Plant for one of the leading Alumina Refineries in Odisha from June 1, 2021. In the midst of the pandemic, a team of 350+ has been successfully mobilized by Isgec to deliver higher efficiency, higher reliability, and better economics while adhering to environmental norms.
Isgec has a vast operational data bank from 1000+ installations totalling to more than 40000MWe globally and SMEs (Subject Matter Experts) that work round the clock for the continuous improvement and cost-effective operation of the plant.
ISGEC Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past many years.

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Indian electrical company Orient Electric has established itself in the market as a one-stop

Jun 4 2021 3:01PM

Orient Electric has launched its new range of Supercoolers, a new range of metal-bodied air coolers made to withstand the toughest of weather conditions while providing an astounding 5000-7000 CMH of air delivery for superior cooling. These outdoor metal coolers promise up to 14-degree temperature drop, thanks to the unique AeroFan technology that provides high air thrust and 20% longer air throw, and the unique DenseNest technology that provides 25% extra cooling. Furthermore, these Super Coolers come with Triple Rust Proofing, a combination of GPSP sheet, rust proof paint and powder coating, which ensures enhanced durability and longevity.
Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.

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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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ICICI Prudential Mutual Fund (MF) has declared Income Distribution

May 28 2021 9:03PM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Fixed Maturity Plan-Series 82-1203 Days Plan K. The record date for the same is June 1, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.0500 each under Quarterly IDCW, Direct Plan-Quarterly IDCW and 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 May 27, 2021. The units of the Scheme will be available for trading on roll over. For the purposes of redemption proceeds, the record date shall be June 1, 2021.

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Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI

May 28 2021 9:01PM

Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open ended Fund scheme named ‘Aditya Birla Sun Life NASDAQ 100 FOF ‘. 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 NASDAQ 100 TRI. The minimum application amount is Rs 5000 and multiples of Rs 1000 thereafter.
The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETFsand/or Index Fund based on NASDAQ-100 Index.

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ICICI Prudential Asset Management Company (AMC)

May 27 2021 8:43PM

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID), Key Information Memorandum (KIM) and Statement of Additional Information (SAI) of schemes of ICICI Prudential Mutual Fund (the Fund), as applicable.
As per the announcement, with effect from June 01, 2021 (‘Effective Date’), fresh registration under Systematic Investment Plan (SIP) Plus Facility shall be discontinued until further notice. Installments falling due under SIP Plus registered prior to the Effective Date will continue to be processed under the respective Plans/Options of the Schemes as per the existing terms and conditions of the SIP Plus Facility.
All the other provisions of the SID/KIM/addenda of the Schemes except as specifically modified herein above remain unchanged.

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ITI Mutual Fund (MF) has launched the ITI Value Fund

May 26 2021 2:39PM

ITI Mutual Fund (MF) has launched the ITI Value Fund, an open ended equity scheme. The NFO opens for subscription on May 25, 2021 and closes on June 08, 2021. The Entry load is nil and Exit Load is 1%- if redeemed or switched out on or before completion of 12 months from the date of allotment of units; and Nil- if redeemed or switched out after completion of 12 months from the date of allotment of units. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with  Nifty 500 Value 50 and its fund managers are Pradeep Gokhale and Rohan Korde.
The investment objective of the scheme is to seek to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related instruments by following value investing strategy.

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Gold futures stayed slippery as break under $1900 per ounce mark extended

Jun 10 2021 3:20PM

Gold futures stayed slippery as break under $1900 per ounce mark extended. The metal turned lower as the US dollar moved up ahead of the USconsumer price inflation number. The dollar index jumped above 90 mark and kept commodities under check. Gold was further hurt due to asurge in Bitcoin today. The leading global digital currency jumped nearly 13% today to quote around $37200 mark as a bounce from six monthlow continued. Gold is currently trading at $1889 per ounce, down 0.32% on the day. MCX Gold futures ended flat at Rs 49140 per 10 grams inlast session and are likely to see a tepid start on weakness in global prices.

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Copper futures moved in a very choppy range yesterday as equities saw a cautious movement

Jun 10 2021 3:19PM

Copper futures moved in a very choppy range yesterday as equities saw a cautious movement. The DOW eased nearly half a percent on the day.Soaring inflation in China triggered worries over the country imposing some price controls. China consumer prices were up 1.3% on year in May,the National Bureau of Statistics said on Wednesday, up from 0.9 percent in April. On a monthly basis, inflation eased 0.2% after slipping 0.3%in the previous month. Even more concerning is the surge in China's factory gate or producer price inflation (PPI) which jumped 9% in May. Thismarked the fastest annual pace in over 12 years in May and was primarily due to high international bulk commodity prices. COMEX Copper sawsustained losses after the data. The LME Copper inventories also hit a three week high near 129000 tonnes yesterday, keeping a tab on thecommodity. COMEX Copper currently trades marginally down at $4.50 per pound. MCX Copper closed at Rs 744.35 per kg, down 0.23% on theday after testing near Rs 740 mark earlier.

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The Indian rupee is expected to stay lower against the dollar in early trades on Wednesday

Jun 9 2021 7:53PM

The Indian rupee is expected to stay lower against the dollar in early trades on Wednesday, 09 June 2021 owing to subdued sentiment in thedomestic equities tracking choppy global equities. Moreover, World Bank slashing India's growth outlook is also likely to dampen sentiments.However weakness in the dollar overseas could lend some support to the local unit.On Tuesday, rupee depreciated by 9 paise to end at 72.89 against the US dollar. At the interbank forex market, the local unit opened slightly upat 72.78 against the greenback and witnessed an intra-day high of 72.76 and a low of 72.90. It finally ended at 72.89 against the Americancurrency, a decline of 9 paise over its previous close. On Monday, the rupee had settled at 72.80 against the US dollar.World Bank on June 8 projected India's economy to grow at 8.3 per cent in 2021. Earlier, the World Bank had estimated Indian economy to growat a pace of 10.1 percent in FY 2021-22. Citing the reason to slash the FY22 growth of Indian economy, the global lending and monitoring bodysaid that India has been hampered by the largest outbreak of coronavirus cases that any country has seen since the beginning of the pandemic.In India, an enormous second covid-19 wave is undermining the sharper-than-expected rebound in activity seen during the second half ofFY2020/21, especially in services. With surging covid-19 cases, foot traffic around work and retail spaces has again slowed to more than onethird below pre-pandemic levels since March, in part due to greater restrictions on mobility," World Bank said in its latest Global EconomicProspects report.The World Bank on Tuesday upgraded its growth forecast, with the global economy now expected to grow 5.6% in 2021. That compared againstan earlier forecast in January for a 4% global economic expansion in 2021. Still, the organization warned in a Tuesday press release that globaloutput will be about 2% below pre-pandemic projections by the end of this year in spite of the recovery.Domestic equity indices ended with tiny losses on Tuesday. The barometer index, the S&P BSE Sensex, slipped 52.94 points or 0.10% at52,275.57. The Nifty 50 index lost 11.55 points or 0.07% to 15,740.10. Foreign portfolio investors (FPIs) bought shares worth Rs 1,422.71 crore,while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,626.98 crore in the Indian equity market on 8 June, provisionaldata showed.Overseas, Asian stocks are trading mostly lower on Wednesday, as investors reacted to the release of Chinese inflation data. Wall Street stocksfinished a choppy session little changed Tuesday as markets digested data showing a lower US trade deficit. The US trade deficit dipped by $6.1billion to $68.9 billion in April, slightly larger than expected, as exports rose and imports fell, according to Commerce Department data.Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, stays lower at 90.05.

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Crude oil futures jumped last night as good buying support stayed in place for the commodity

Jun 9 2021 7:52PM

Crude oil futures jumped last night as good buying support stayed in place for the commodity. The futures spiked above $70 per barrel to hit thehighest mark in around two and half years. Oil soared ahead of key talks between Iran and global powers. The nations will enter a fifth round oftalks on June 10 in Vienna that could include Washington lifting economic sanctions on Iranian oil exports. WTI Crude also got a boost from therecent trend of falling US crude oil inventories. The commodity currently trades at $70.54 per barrel, up 0.70% on the day. The MCX Crude oilfutures ended at Rs 5085 per barrel, up 0.73% on the day after almost breaking Rs 5100 mark.

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Gold is facing sustained selling at elevated levels on lack of safe haven demand as Covid-19

Jun 9 2021 7:51PM

Gold saw sideway trades but overall sentiments were supported. Prices consolidated just under $1900 per ounce. MCX Gold futures ended at Rs49113 per 10 grams, almost unchanged on the day. Central banks continue to be positive on gold, with about the same number of central banksexpected to buy gold compared with last year, the World Gold Council (WGC) said yesterday. In its 2021 Central Bank Gold Reserves (CBGR)’survey, the council noted that 21% of central banks intended to increase their gold reserves over the next 12 months.However, Gold is facing sustained selling at elevated levels on lack of safe haven demand as Covid-19 scenario continues to see goodimprovement globally. The fresh Covid-19 cases for the week ended June 6 were the lowest since mid-March, at 3 million, according to data fromJohns Hopkins. Weekly cases worldwide have been declining for six weeks now. The global toll is also easing, falling from a peak of over 92,000 aweek at the end of April to less than 80,000 in the last week of May.

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Crude oil sharply increased their net long positions in the WTI

Jun 8 2021 3:46PM

Large energy speculators sharply increased their net long positions in the WTI Crude Oil futures market last week, according to the latestCommitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futurescontracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 491297 contracts in the data reportedthrough May 31st 2021. This was a weekly surge of 15807 net contracts and pushed up net longs from around seven month low. The commercialtrader's position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -546292 contracts on theweek. This was a weekly change of -21752 net contracts.

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Strength of Us dollar had a great pressure On Indian Rupee.

Jun 8 2021 3:43PM

US dollar has strength overseas and  likely to add pressure on the Indian rupee in early trades on Tuesday, 08 June 2021. However, easingrestrictions on account of declining trend in coronavirus cases in the country could support the local currency. India reported 1,00,636 freshCOVID-19 cases, the lowest in 61 days, taking the infection tally to 2,89,09,975, while the number of active cases dropped to 14,01,609,according to the Union Health Ministry's data updated on Monday.On Monday, rupee appreciated by 19 paise to settle at 72.80 against the US dollar. At the interbank forex market, the local unit opened at 72.85against the greenback and witnessed an intra-day high of 72.74 and a low of 72.88. It finally ended at 72.80 against the American currency, arise of 19 paise over its previous close.On the coronavirus front, all citizens aged above 18 would be vaccinated at free of cost by the Centre, Prime Minister Narendra Modi announcedon June 7. All state-level vaccine procurement would also be taken over by the central government, Modi said. From June 21, Tuesday, allcitizens of India above 18 years of age will be given free vaccination, Modi added.Domestic indices closed with modest gains on Monday as declining COVID-19 cases and positive global stocks boosted sentiment. The barometerindex, the S&P BSE Sensex, added 228.46 points or 0.44% at 52,328.51. The Nifty 50 index gained 81.40 points or 0.52% to 15,751.65. Foreignportfolio investors (FPIs) sold shares worth Rs 186.46 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs983.97 crore in the Indian equity market on 7 June, provisional data showed.Overseas, Asian stocks are trading mixed on Tuesday, as investors reacted to the release of Japan's revised first-quarter gross domestic productfigures. Revised government data released Tuesday showed Japan's economy shrank 3.9% in the first quarter, an improvement from the initialestimate of a 5.1% contraction. US stocks clawed back much of their early losses and ended mixed on Monday. Investors are focused on inflationdata in the week ahead, with May's Consumer Price Index (CPI) scheduled to be released Thursday.Meanwhile, the dollar's index against a basket of six major currencies stood at 90.021, not far from 89.533, a 4 1/2-month low touched late lastmonth. The dollar was subdued on Tuesday as investors looked to U.S. inflation data due later in the week.

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Copper saw sustained losses, plunging around five week low of $4.46 per pound

Jun 7 2021 4:07PM

Copper saw sustained losses, plunging around five week low of $4.46 per pound in last week even as equities stayed broadly supported. The counter has seen heavylosses as falling premiums in China and firm US dollar weighed on the red metal despite firm US economic data. The overall medium term outlook is positive for themetal though. Prospects for the world economy have brightened but the recovery is likely to remain uneven and, crucially, dependent on the effectiveness of publichealth measures and policy support, according to the Organization of Economic Cooperation and Development (OECD's) latest Economic Outlook. The OECD has revisedup its growth projections across the world's major economies since its last full Economic Outlook in December 2020. It now sees global GDP growth at 5.8 % this year(compared with 4.2% projected in December), helped by a government stimulus-led upturn in the United States, and at 4.4% in 2022 (3.7% in December).

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Mid-Session :Indian intraday trading stock market had a volatile trade and day high in afternoon session.

Jun 10 2021 3:07PM

Indian intraday trading stock market was trading near the day's high in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 313.15points or 0.60% at 52,254.79. The Nifty 50 index gained 93.10 points or 0.60% at 15,728.45.Reliance Industries (RIL) (up 1.21%), Bajaj Finance (up 4.20%) and HDFC (up 0.69%) boosted the indices.The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.90%. The S&P BSE Small-Cap index added 1.64%.Buyers outpaced sellers. On the BSE, 2,353 shares rose and 758 shares fell. A total of 129 shares were unchanged.Foreign portfolio investors (FPIs) sold shares worth Rs 846.37 crore, while domestic institutional investors (DIIs), were net sellers to the tune ofRs 271.70 crore in the Indian equity market on 9 June 2021, provisional data showed.Bajaj Finance (up 4.20%), Divi's Laboratories (up 2.68%), Bajaj Finserv (up 2.14%), Hindustan Unilever (HUL) (up 1.80%) and Tech Mahindra(up 1.77%) were major gainers in Nifty 50 index.Bajaj Auto (down 1.29%), Eicher Motors (down 1.05%), UPL (down 0.76%), Adani Ports & Special Economic Zone (APSEZ) (down 0.57%) andMaruti Suzuki India (down 0.57%) were major losers in Nifty 50 index.Bata India rallies 4.12%. On a consolidated basis, the footwear maker's net profit dropped 23.28% to Rs 29.47 crore on 4.94% decline inrevenue from operations to Rs 589.90 crore in Q4 March 2021 over Q4 March 2020. Profit before tax (PBT) skid 30.59% to Rs 40.38 crore in Q4FY21 as against Rs 58.18 crore in Q4 FY20. During the financial year, Bata India's consolidated net loss stood at Rs 89.31 crore in FY21compared with net profit of Rs 328.95 crore in FY20. Revenue from operations tanked 44.09% to Rs 1,708.48 crore in FY21 over FY20.PTC India Financial Services (PFS) tumbled 5.87% after the company reported consolidated net loss stood of Rs 53.66 crore in Q4 FY21compared with net profit of Rs 7.05 crore in Q4 FY20. Total income dropped 17.5% to Rs 274.57 crore in Q4 FY21 over Q4 FY20. The companyreported pre-tax loss of Rs 30.54 crore in Q4 FY21 as against pre-tax profit of Rs 14.41 crore in Q4 FY20. During the financial year, PTC IndiaFinancial Services' consolidated net profit tanked 76.72% to Rs 25.60 crore on 16.81% decline in total income to Rs 1,139.45 crore in FY 2021over FY 2020.Total COVID-19 confirmed cases worldwide stood at 17,44,32,190 with 37,58,217 deaths. India reported 11,67,952 active cases of COVID-19infection and 3,59,676 deaths while 2,76,55,493 patients have been discharged, according to the data from the Ministry of Health and FamilyWelfare, Government of India.In the last 24 hours, India reported 94,052 COVID-19 cases, and 6,148 deaths in the last 24 hours. This is the highest number of deaths that thecountry has seen in a day since the start of the pandemic. The jump in deaths come after Bihar revised its toll on Wednesday, adding 3,951previously uncounted deaths to its tally.

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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]