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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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Hero MotoCorp, Biocon, Jain Irrigation have been spotlighted in todays intraday trading stock market

Jun 22 2022 8:26PM

Indian Intraday trading stocks like Hero MotoCorp: The company has further strengthened its commitment and operations in Turkiye withthe introduction of Euro-5 compliant variants of its three globally popular products. The range of HeroMotoCorp products in the Turkiye include the Xpulse 200 4V motorcycle and Dash 110, Dash 125scooters.Biocon: Biocon's subsidiary Biocon Biologics issued a statement in response to the media reportsrelated to bribery allegations. Biocon Biologics said it strongly denies the allegations of bribery againstthe company and its officials associated with the approval process of one of our products in India.Astral: The company has subscribed to Optionally Convertible Debentures of Rs. 194 crore issued andallotted by Gem Paints Private Limited. Accordingly, Gem Paints Private Limited and Esha PaintsPrivate Limited have become subsidiary and step down subsidiary of the company respectively.Greenlam Industries: The company has executed a share subscription agreement with Smiti Holdingand Trading Company (Investor), for the issuance and allotment of upto 63,10,680 equity shares offace value of Re.1 at Rs. 309 per equity share of the company to the investor on preferential basis.Jain Irrigation Systems: Jain Irrigation and Temasek-owned Rivulis Pte Ltd., Singapore (Rivulis)announced that Jain International Trading B.V. (a wholly owned subsidiary of Jain Irrigation) andRivulis have entered into definitive transaction agreements. The International Irrigation Business (IIB)of Jain Irrigation will now be merged with Rivulis and create a global irrigation and climate leader -being 2nd largest in the world with about US$750 million in revenues.Som Distilleries & Breweries: The company's mainline Beer Brand “Hunter” had a market share of55% in the premium beer segment in May 2022 in Madhya Pradesh. The market share is the highestamongst all the premium beer manufacturers in the state.

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Asian Paints, Wipro, Engineers India have been zoomed in todays market

Jun 15 2022 7:09PM

Indian trading stocks like Asian Paints: Asian Paints has subscribed to 51% of the equity share capital of WeathersealFenestration comprising of 10,409 equity shares of Rs. 10 each at a premium of Rs. 18,091 per share,issued on preferential basis for an aggregate cash consideration of Rs. 18.84 crore. Accordingly,Weatherseal Fenestration is now a subsidiary of the company.Wipro: Wipro is increasing its investment locally in Norway to help its clients capitalize on digitaltransformation. Within the next two years the company is looking to grow from 85 to 350 employeesin Norway.Cipla: The drug major received South African Health Products Regulatory Authority (SAHPRA)approval to launch 4-in-1 fixed-dose combination of four antiretroviral (ARV) treatments for infantsand young children with HIV in South Africa.Engineers India: The company has been engaged as Project Management consultant (PMC) by NeyveliLignite Corporation for its landmark Lignite to Methanol project, first of its kind in India.PNB Housing Finance: The company's board of directors approved the issuance of non-convertibledebentures aggregating up to Rs 2,000 crore on a private placement basis.Sukhjit Starch & Chemicals: The company has successfully commissioned Hydrogen Generating Plantfrom Biogas produced from biomass/ process effluent at its new manufacturing unit commissioned atPhagwara (Punjab).

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Dynamatic Technologies, WPIL, Torrent Power have been zoomed in todays intraday trading market

Jun 14 2022 1:17PM

Intraday Trading stocks like Dynamatic Technologies: The company has won the contract to manufacture the Escape Hatch Doorfor Airbus A220 aircraft. The contract was placed by recently established STELIA AERONAUTIQUECANADA Inc., a subsidiary of Airbus Atlantic SAS.WPIL: The company has received an order from the government of West Bengal for execution ofturnkey project in the district of South 24 Parganas. The contract is for an aggregate value of Rs.430.87 crore to be completed over a period of 24 months.Torrent Power: Torrent Power has, pursuant to Securities Purchase Agreement (SPA) with SkyPowerSoutheast Asia III Investments Limited and SkyPower Southeast Asia Holdings 2 Limited (the Sellers)and Sunshakti Solar Power Projects Private Limited (SPV), completed transaction of acquisition of100% securities of the SPV. The SPV operates 50 MW Solar Power Plant in the state of Telangana.Metropolis Healthcare (MHL): With references to the various news items/articles appearing in variousmedia platforms, the company would like to submit that given the evolving market conditions andindustry requirement, Metropolis Healthcare continuously explores various strategicoptions/investment opportunities. On account of which the company keeps receiving inbound interestfrom Financial Institutions and Companies part of the healthcare eco-system for a potential minoritystake purchase in MHL. Promoters have no intention to exit the business and are in fact focused onstrengthening the Metropolis brand.Zydus Lifesciences: The company said its share buyback offer will open on June 23 and close on July6. The record date is fixed as July 15. The board approved to buyback over 1.15 crore shares for up toRs 750 crore.

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Wipro, Tata Power, Rail Vikas Nigam have been watched in todays trade

Jun 9 2022 9:36PM

Intraday Trading stocks like Wipro: The IT major together with ServiceNow, will contribute to Petrobras, the largest publicly tradedcompany in Brazil and one of the largest oil, natural gas and derivatives exploration, production anddistribution companies in the world, to advance its digital journey. The project aims to raise the levelof service for internal users and reduce costs by modernizing and aligning IT infrastructure processeswith the business through a modern cloud solution focused on automation and integration. Theproject scope is related to maintaining IT assets, systems updates, and digitizing processes.Tata Power Company: Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power,commissioned a 450 MW DC capacity solar pant for Brookfield Renewable India in Rajasthan. Theinstallation entails set up of over 800,000 modules and was completed within record 7 monthstimeframe. The project will produce over 800GWh of clean energy annually and will help avoid up to600,000 tons of annual CO 2 emissions.Rail Vikas Nigam: The company has entered into an agreement with "Kyrgyzindustry" for execution ofinfrastructure projects in Kyrgyz Republic particularly Railway Line Network on mutual agreed termsand conditions.BLS International Services: The company has acquired Mumbai headquartered, largest businesscorrespondent in the country - Zero Mass (“ZMPL”). With this all cash acquisition from companyinternal accruals, BLS international becomes the largest business correspondent network in India.ZMPL has been operating the largest BC network for State Bank of India (“SBI”) with around 11,500active CSPs (~15% of all the SBI BCs).Crompton Greaves Consumer Electricals: The company's board will meet on 13 June 2022, to considera proposal to raise upto Rs 925 crore via debt securities on private placement basis.TTI Enterprise: The company's board will consider fund raising and stock split on 28 June 2022.Delta Corp continues under the NSE F&O ban for 9 June

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Wipro, Tata Power, Rail Vikas Nigam have been watched in todays trade

Jun 9 2022 9:36PM

Intraday Trading stocks like Wipro: The IT major together with ServiceNow, will contribute to Petrobras, the largest publicly tradedcompany in Brazil and one of the largest oil, natural gas and derivatives exploration, production anddistribution companies in the world, to advance its digital journey. The project aims to raise the levelof service for internal users and reduce costs by modernizing and aligning IT infrastructure processeswith the business through a modern cloud solution focused on automation and integration. Theproject scope is related to maintaining IT assets, systems updates, and digitizing processes.Tata Power Company: Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power,commissioned a 450 MW DC capacity solar pant for Brookfield Renewable India in Rajasthan. Theinstallation entails set up of over 800,000 modules and was completed within record 7 monthstimeframe. The project will produce over 800GWh of clean energy annually and will help avoid up to600,000 tons of annual CO 2 emissions.Rail Vikas Nigam: The company has entered into an agreement with "Kyrgyzindustry" for execution ofinfrastructure projects in Kyrgyz Republic particularly Railway Line Network on mutual agreed termsand conditions.BLS International Services: The company has acquired Mumbai headquartered, largest businesscorrespondent in the country - Zero Mass (“ZMPL”). With this all cash acquisition from companyinternal accruals, BLS international becomes the largest business correspondent network in India.ZMPL has been operating the largest BC network for State Bank of India (“SBI”) with around 11,500active CSPs (~15% of all the SBI BCs).Crompton Greaves Consumer Electricals: The company's board will meet on 13 June 2022, to considera proposal to raise upto Rs 925 crore via debt securities on private placement basis.TTI Enterprise: The company's board will consider fund raising and stock split on 28 June 2022.Delta Corp continues under the NSE F&O ban for 9 June

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Interest rate sensitive stocks have been highlighted in today's trade ahead of RBI's policy decision

Jun 8 2022 6:36PM

Rate sensitive stocks including banks, financial services, auto, and realty will be in focus ahead of the

interest rate decision by the Reserve Bank of India (RBI) expected later today.

PB Fintech: Founder, chairman and CEO Yashish Dahiya sold 37,69,471 equity shares in the company

via open market transactions on 7 June 2022. These shares were sold at an average price of Rs

610.24 per share.

RITES: The transport infrastructure consultancy and engineering company signed a memorandum of

understanding (MoU) with Grands Trains DU Senegal (GTS-S.A), a railroad company of Senegal, for

technical cooperation in the railway sector.

Sharika Enterprises: The company received a purchase order from Voith Hydro worth about Rs 4.60

crore. The order is for supplying, installing, testing and commissioning 220KV XLPE cable package for

Voith Hydro Naitwar Mori (28*30 mw) project.

Hindustan Copper: The company resumed mining operations at the Surda mine in Ghatshila,

Jharkhand on 7 June. The resumption of operations is after the renewal of the lease by the

Government of Jharkhand and obtaining the required Environment Clearance from the Ministry of

Environment.

Wockhardt: The pharma company has appointed Deepak Madnani as the Chief Financial Officer (CFO)

with immediate effect on 7 June 2022. The company took this decision after Pramod Gupta conveyed

that on account of his health reasons he will not be able to continue as CFO. Gupta been relieved from

his responsibilities at the end of working hours on 6 June 2022.

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SBI Card, HLE Glascoat, NMDC have been focused in todays intraday trading market

Jun 7 2022 8:46PM

Intraday trading stocks like  SBI Cards and Payment Services: The company's board approved raising upto Rs 2,500 crore byissuing non-convertible debentures (NCDs) in one or more tranches, on private placement basis.HLE Glascoat: The company's board approved 5-for-1 stock split and fundraising of upto Rs 350 crore.NMDC: The state-owned miner has fixed the price of lump ore at Rs 4,400 per tonne, and Fines at Rs3,310 per tonne with effect from 5 June, down from Rs 5,500 per tonne and Rs 4,410 per tonne on 25May this year.IRB Infrastructure Developers: The construction firm has offered its Vadodara to Kim Expresswayproject, being developed under Hybrid Annuity Model, to its Public InvIT, IRB InvIT Fund. TheVadodara Kim stretch, which is part of Delhi-Mumbai Expressway (DME), is 23.740 km-long and hasproject cost outlay of Rs 2,094 crore.Zydus Lifesciences: The drug maker has received final approval from the United States Food and DrugAdministration (USFDA) to market Adapalene and Benzoyl Peroxide Topical Gel, 0.3%/2.5% (USRLD:Epiduo Forte). Adapalene and Benzoyl Peroxide Topical Gel had a market size of $195 million (as perIQVIA MAT April 22).

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Indian Rupee is Likely To Stay Under Pressure in todays market

Jun 6 2022 7:52PM

Spike in crude oil prices coupled with dollar gains is expected to keep the Indian rupee under pressureon Monday, 06 June 2022. The dollar index firmed up above the 102 mark on Monday, amid risingprospects of aggressive rate hikes by the Federal Reserve after data showed a stronger than expectedgrowth in U.S. non-farm payroll employment in the month of May.Non-farm payroll employment in the U.S. jumped by 390,000 jobs in May after surging by anupwardly revised 436,000 jobs in April and as compared to an expected employment to increase byabout 325,000 jobs. Meanwhile, the Labor Department said the unemployment rate remainedunchanged at 3.6%. The unemployment rate was expected to edge down to 3.5%. US treasury yieldspulled back to $2.94 levels and the dollar index, that measures the greenback against a basket ofcurrencies is quoting at 102.11.On Friday, rupee opened at 77.47 against the American dollar, and registered an intraday high andlow of 77.47 and 77.66 before ending the day at 77.63 per dollar. On Thursday, the rupee had settledat 77.60 against the US dollar.The domestic equity benchmarks wiped intraday gains and ended with tiny losses on Friday. Themarket witnessed steep selling in the final hour of the trade. The barometer index, the S&P BSESensex, fell 48.88 points or 0.09% to 55,769.23. The Nifty 50 index slipped 43.70 points or 0.26% to16,584.30. Foreign portfolio investors (FPIs) sold shares worth Rs 3,770.51 crore, while domesticinstitutional investors (DIIs), were net buyers to the tune of Rs 2,360.51 crore in the Indian equitymarket on 3 June 2022, provisional data showed.Asian shares were trading higher on Monday. Market in South Korea is shut for a holiday. US stocksslid Friday as investors digested a stronger-than-expected jobs report and its implication for monetarypolicy going forward. The Dow Jones Industrial Average fell 348.58 points, or 1.1%, to 32,899.70.The S&P 500 slipped 1.6% to 4,108.54. The technology-heavy Nasdaq Composite fell nearly 2.5% to12,012.73

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Auto Retail Sales Up More Than 200% On Year In May 2022 Says FADA

Jun 6 2022 7:56PM

The Federation of Automobile Dealers Associations (FADA) released Vehicle Retail Data for May 2022today. On YoY basis, total vehicle retail sales for the month of May 2022 increased by 207%. Allcategories were in green. The 2W, 3W, PV, Tractors and CV were up by 198%, 696%, 204%, 216%and 278% respectively.Auto Retail trade has still not recovered from the jitters of Covid. When compared with May'19, totalvehicle retail was down by -10%. Except PV and Tractor which continues to show growth of 11% and33%, all the other categories like 2W, 3W and CV fell by -14%, -19% and -11% respectively.Government's reduction in fuel prices will tame inflation and boost vehicle sales, especially 2W but theincrease in 3rd party insurance premiums will act as a deterrent for the 2W customers to comeforward and conclude their purchase decision. While the Russia – Ukraine war continues to fuel chipshortage, RBI has warned of more inflation as the increase in wholesale prices will get passed to theconsumer thus decreasing disposable income.

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IDFC First Bank jumps after Q4 FY22 gross funded assets rise 13% YoY

Apr 4 2022 7:23PM


Customer Deposits were at Rs 93,138 crore as of 31 March 2022, registering a growth of 12.6% overRs 82,725 crore as of 31 March 2021 on a rise of 8.5% from Rs 85,818 crore as of 31 December2021.The bank reported a 12% growth in CASA deposits to Rs 51,407 crore as of 31 March 2022 as againstRs 45,896 crore as of 31 March 2021 and 7.4% increase from Rs 47,859 crore as compared to 31December 2021. CASA ratio stood at 48.7% as of 31 March 2022 as compared to 51.7% as of 31March 2021. Average CASA for the quarter stood at 49.3%. Average LCR for Q4 FY22 was at 135%.The bank reported a 2.7% fall in borrowings to Rs 39,382 crore as of 31 March 2022 as against Rs40,456 crore as of 31 March 2021 on a 1% increase from Rs 38,978 crore as compared to 31December 2021.Retail business (home loans, loan against property, vehicles, consumer loans, credit cards and otherretail loans) and commercial business (SME business banking, business loans, commercial vehiclesand other loans) grew by 26.4% YoY as of 31 March 2022. Retail loan growth was led by growth inthe home loans book, which grew by 52.1% YoY as of 31 March 2022.Retail business represented 63.4% of the overall funded assets as of 31 March 2022 and commercialbusiness constitutes 8.8% of the total funded assets. Infrastructure loans de-grew by 36.2% YoY as of31 March 2022. Infrastructure loans constituted 5.2% of the total funded assets as of 31 March 2022as compared to 9.2% as of 31 March 2021. Corporate loans grew 6% YoY. Corporate loans and creditinvestments constitutes 22.6% of the total funded exposure.Overall asset quality trends remained strong. Cheque/ NACH bounce rates and collections efficiencieshave improved during Q4 FY22 and have become better than pre-COVID levels, as per the company'spress statement.IDFC First Bank was founded by the merger of IDFC Bank and Capital First in December 2018. Thebank provides a range of financial solutions to individuals, small businesses and corporates.The bank reported 117% jump in net profit to Rs 281.06 crore on a 7.4% increase in total income toRs 5,197.79 crore in Q3 FY22 over Q3 FY21

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Core Inflation In India Remains Elevated According To RBI Governor

Feb 25 2022 5:17PM

According to the minutes of latest RBI monetary policy meeting, the central bank governor ShaktikataDas stated that there has been considerable improvement in the outlook for food prices since the lastbi-monthly review. Vegetable prices, after the spike of October-November, have seen significantseasonal correction which is likely to continue on fresh winter crop arrivals. In addition, the DecemberCPI print saw price corrections in edible oils and pulses coming from the supply side interventions bythe Government. The record Rabi acreage, propelled by a significantly higher acreage of oilseeds andpulses, along with prospects of higher yields for wheat, augur well for a bumper harvest of key fooditems. Further, considering the advance estimates of a robust kharif harvest, and on the assumptionof a normal monsoon, there is room for considerable optimism on the food inflation trajectory overthe next financial year.However, he noted that the renewed surge in international crude oil prices requires close monitoring.The RBI needs to remain watchful of the risks to domestic inflation arising from rise in internationalcommodity prices due to exogenous factors including geo-political developments. While core inflationremains elevated, demand-pull pressures are still muted, given the slack in the economy. On balance,inflation is likely to peak in Q4: 2021-22 and thereafter soften to around 5.0 per cent in H1:2022-23and further closer to the target in H2:2022-23 with an average inflation rate of 4.5 per cent for theentire financial year.

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Foodgrains Output Estimated To Hit Record 316.06 Million Tonnes

Feb 17 2022 7:36PM

Second Advance Estimates of production of major crops for the year 2021-22 were released by theMinistry of Agriculture and Farmers Welfare and the country is estimated to record foodgrainsproduction of 316.06 million tonnes. which is higher by 5.32 million tonnes than the production offoodgrains during 2020-21. Further, the production during 2021-22 is higher by 25.35 million tonnesthan the previous five years’ (2016-17 to 2020-21) average production of foodgrains.Total production of Rice during 2021-22is estimated at record 127.93 million tonnes. It is higher by11.49 million tonnes than the last five years’ average production of 116.44 million tonnes.Production of Wheat during 2021-22is estimated at record 111.32 million tonnes. It is higher by 7.44million tonnes than the average wheat production of 103.88 million tonnes.Production of Nutri / Coarse Cereals estimated at 49.86 million tonnes, which is higher by 3.28 milliontonnes than the average production.Total Pulses production during 2021-22is estimated at 26.96 million tonnes which is higher by 3.14million tonnes than the last five years’ average production of 23.82 million tonnes.Total Oilseeds production in the country during 2021-22is estimated at record37.15 million tonneswhich is higherby 1.20 million tonnes than the production of 35.95 million tonnes during 2020-21.Further, the production of oilseeds during 2021-22 is higher by 4.46 million tonnes than the averageoilseeds production.Total production of Sugarcane in the country during 2021-22is estimated at 414.04 million tonneswhich is higher by 40.59million tonnes than the average sugarcane production of 373.46 milliontonnes.Production of Cotton is estimated at 34.06 million bales (each of 170 kg) is higherby 1.12 millionbales than the average cotton production of 32.95 million bales. Production of Jute & Mesta isestimated at 9.57 million bales (each of 180 kg).

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Momentum Of Inflation On Downward Slope Primarily

Feb 17 2022 7:35PM

The Reserve Bank of India Governor Shaktikanta Das stated in a latest media interaction that price stability isdefinitely uppermost for the central bank. He noted that price stability basically means maintaining and adhering tothe inflation target. The character and the content of inflation in the advanced economies is different from thecharacter and content and the drivers of inflation in India. He noted that from last October onward, the momentum ofinflation is on the downward slope in India primarily because of the statistical reasons. The base effect, which hasresulted in higher inflation, especially in quarter three and the same base effect will play in different ways in thecoming months. The Reserve Bank is fully aware of its commitment to inflation, keeping in mind the objective ofgrowth.

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India Consumer Price Index Rises 6.01% On Year In January

Feb 15 2022 12:02PM

India's consumer price index gained 6.01 percent year-on-year in January, bigger than the 5.66percent rise in December, data from the National Statistical Office showed on Monday. In the sameperiod last year, consumer price inflation was 4.06 percent. Likewise, food price inflation advanced to5.43 percent from 4.05 percent in the previous month. On a monthly basis, consumer prices dropped0.3 percent in January, while food prices fell more markedly by 1.32 percent. Data showed thatclothing and footwear prices climbed 8.84 percent annually and housing increased 3.52 percent. Costof fuel and light gained 9.32 percent. The central bank expects inflation to average 5.3 percent in thefiscal year 2022 and at 4.5 percent in FY 2023

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Vegetable Oil Import Up 3.2% On Year In Last Three Months

Feb 15 2022 12:01PM

The Solvent Extractors’ Association of India has compiled the import data of Vegetable Oils (edible &non-edible) for the month of January 2022. Import of vegetable oils during January 2022 is reportedat 1,270,728 tons compared to 1,096,669 tons in January 2021, consisting 1,251,926 tons of edibleoils and 18,802 tons of non-edible oils i.e. Up by 16%. The overall import of vegetable oils during firstquarter of oil year 2021-22, Nov’21.-Jan’ 22 reported at 3,671,161 tons compared to 3,556,153 tonsduring the same period of last year i.e. Up by 3.2%. The import of soybean oil is up by 90% due todeclining of domestic crushing, while crude palm oil import down by 24% in first three months of theoil year 2021-22. The stock of edible oils as on 1st Feb., 2022 at various ports is estimated at 654,000tons (CPO 230,000 tons, RBD Palmolein 120,000 tons, Degummed Soybean Oil 150,000 tons, CrudeSunflower Oil 150,000 tons and Rapeseed Oil 4,000 tons) and pipeline stock at 1,208,000 tons, totalstock at 1,862,000 tons. The total stock has increased by 142,000 tons to 18.62 lakh tons as on 1stFeb., 2022 from 17.20 lakh tons as on 1st Jan., 2022.During Nov’21.- Jan.’22, Import of RBD Palmolein increased and reported at 216,522 tons comparedto 15,601 tons during the same period of last year. The reduction in effective import duty onPalmolein (refined Palm) from 19.25% to 13.75% without simultaneous reduction in import duty onCPO w.e.f. 20th Dec., 2021 has reduce the effective duty difference from 11% to 5.5% leading toincrease the imports of Refined Palmolein at the cost of CPO which is the raw material for domesticRefineries. Last year in January-March 2021, India had imported 16.6 lakh tons of CPO and just11,000 tons of RBD Palmolein. In view of reduction in duty difference and since RBD Palmolein freelyallowed at lower duty till 31st March, 2022, expecting large quantity of RBD Palmolein of 8.0 to 9.0lakh tons likely to arrive during Jan-March quarter replacing much of CPO as there is wide disparity tothe tune of Rs.6000/8000 per tons of processing.

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Kuantum Papers Ltd leads losers in 'B' group

Feb 14 2022 7:17PM

Indian Intrday Trading stocks like Maan Aluminium Ltd, Mangalam Organics Ltd, Electrotherm (India) Ltd and Hindustan Composites Ltd are among theother losers in the BSE's 'B' group today, 14 February 2022.Kuantum Papers Ltd crashed 14.25% to Rs 78.85 at 14:37 IST.The stock was the biggest loser in the BSE's 'B'group.On the BSE, 37226 shares were traded on the counter so far as against the average daily volumes of 15052shares in the past one month.Maan Aluminium Ltd tumbled 13.00% to Rs 120.5. The stock was the second biggest loser in 'B' group.On the BSE,5380 shares were traded on the counter so far as against the average daily volumes of 9557 shares in the past onemonth.Mangalam Organics Ltd lost 12.65% to Rs 926.8. The stock was the third biggest loser in 'B' group.On the BSE,18771 shares were traded on the counter so far as against the average daily volumes of 4618 shares in the past onemonth.Electrotherm (India) Ltd fell 12.33% to Rs 117.65. The stock was the fourth biggest loser in 'B' group.On the BSE,18759 shares were traded on the counter so far as against the average daily volumes of 13363 shares in the past onemonth.Hindustan Composites Ltd plummeted 12.07% to Rs 299.35. The stock was the fifth biggest loser in 'B' group.On theBSE, 6148 shares were traded on the counter so far as against the average daily volumes of 2129 shares in the pastone month.

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Financials stocks rise

Nov 18 2021 10:20AM

Among the components of the S&P BSE Finance index, Repco Home Finance Ltd (up 2.6%), PunjabNational Bank (up 2.46%),Dhanvarsha Finvest Ltd (up 1.74%),Max Ventures and Industries Ltd (up1.49%),Motilal Oswal Financial Services Ltd (up 1.45%), were the top gainers. Among the othergainers were Piramal Enterprises Ltd (up 1.2%), Aditya Birla Money Ltd (up 1.12%), EdelweissFinancial Services Ltd (up 1.1%), Bajaj Finance Ltd (up 1.04%), and Equitas Holdings Ltd (up0.99%).On the other hand, SREI Infrastructure Finance Ltd (down 4.91%), Share India Securities Ltd (down3.13%), and Poonawalla Fincorp Ltd (down 2.8%) turned lower.At 09:50 IST, the S&P BSE Sensex was down 103.3 or 0.17% at 59905.03.The Nifty 50 index was down 41.15 points or 0.23% at 17857.5.The S&P BSE Small-Cap index was down 79.18 points or 0.27% at 29164.46.The S&P BSE 150 Midcap Index index was down 43.05 points or 0.47% at 9117.97.On BSE,1378 shares were trading in green, 1345 were trading in red and 132 were unchanged.

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Canara Bank extends losing run to seventh trading session

Nov 17 2021 7:28PM

Shares of Canara Bank have declined 9.5% in seven trading sessions from its previous closing high of Rs 244.25posted on 8 November 2021. The counter hit a 52-week high of Rs 247.60 on 9 November and before succumbing toselling pressure. The stock is up 140% from its 52-week low of Rs 92 posted on 17 November 2020.Meanwhile, India Ratings & Research upgraded Canara Bank's AT1 Bonds to ‘IND AA+' with a stable outlook. Theratings agency also affirmed IND AAA rating on company's long term issuer rating and company's Basel III Tier 2instrument with a stable outlook.On the technical front, the stock's RSI (relative strength index) stood at 57.647. The RSI oscillates between zero and100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.The stock is trading above its 50 and 100 days simple moving average placed at 188.64 and 170.91 respectively.These levels will act as crucial support zones in near term.Incorporated in 1906, Canara Bank was merged with erstwhile Syndicate Bank (e-SB) on 1 April 2020 to form thethird-largest public sector bank and the fourth-largest bank in the Indian banking system with a total asset base of Rs11.9 lakh crore as on 30 September 2021.The state-run bank's net profit surged 199.86% to Rs 1,332.61 crore on 2.59% increase in total income to Rs21,331.49 crore in Q2 FY22 over Q2 FY21.

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Manappuram Finance drops after Q2 FY22 PAT falls 9% to Rs 370 cr

Nov 15 2021 6:57PM

Manappuram Finance tumbled 9.75% to Rs 197.10 after the company's consolidated skid fell 8.8% to Rs369.88 crore on a 1.5% decline in total income to Rs 1,554.42 crore in Q2 September 2021 over Q2September 2020.Consolidated profit before tax dropped 9.1% to Rs 495.03 crore in Q2 September 2021 as against Rs544.41 crore in Q2 September 2020.On a segmental basis, revenues from Gold loans and Others declined 9.17% to Rs 1,199.83 in Q2FY22 as compared to Rs 1,321.10 crore in Q2 FY21. Revenues from Microfinance grew 38.07% to Rs354.59 crore in Q2 September 2021 from Rs 256.81 crore in Q2 September 2020.The board has declared an interim dividend of Rs 0.75 per equity share of face value Rs 2. Thecompany has fixed Thursday, 25 November 2020 as the record date to ascertain the entitlement ofinterim dividend among the shareholders and dividend/ dividend warrants shall be paid or dispatchedon or before 11 December 2021.Meanwhile, the board has appointed Shailesh Jayantilal Mehta as the chairperson of ManappuramFinance.Manappuram Finance is a gold loans offering non-banking financial company, engaged in providingfinance against used household gold ornaments.

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Tata MF introduces Floating Rate Fund

Jun 22 2021 12:36AM

Tata Mutual Fund (MF) has launched the Tata Floating Rate Fund, an open-ended debt scheme investing predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives). The NFO opens for subscription on June 21, 2021 and closes on July 05, 2021. The Entry load is not applicable for the scheme. The Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the CRISIL Ultra Short-Term Debt Index and its fund managers is Akhil Mittal.
The investment objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.


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Nippon India MF introduces Nifty Pharma ETF

Jun 22 2021 12:35AM

Nippon India Mutual Fund (MF) has launched the Nippon India Nifty Pharma ETF, an open-ended scheme replicating/ tracking NIFTY Pharma Index. The NFO opens for subscription on June 21, 2021 and closes on June 28, 2021. The Entry load and the Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the Total Return (TRI) and its fund managers is Mehul Dama.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Pharma Index before expenses, subject to tracking errors.


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ICICI Pru MF declares IDCW FMP-Series 83-1108 Days Plan H

Jun 18 2021 7:25PM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Fixed Maturity Plan-Series 83-1108 Days Plan H. The record date for the same is June 23, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.0500 each under Direct Plan-Quarterly IDCW, Half Yearly IDCW and Direct Plan-Half Yearly IDCW.
The units of the Scheme are listed on BSE. The trading of units of the Scheme will be suspended on BSE with effect from closing hours of trading of June 20, 2021. For the purposes of redemption proceeds, the record date for the Scheme shall be June 23, 2021.



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ICICI Pru MF declares IDCW Equity Savings Fund

Jun 16 2021 9:41PM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Equity Savings Fund. The record date for the same is June 21, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.22 each under Half Yearly IDCW and Direct Plan-Half Yearly IDCW.



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ICICI Prudential Asset Management Company (AMC) has announced

Jun 4 2021 3:04PM

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Flexicap Fund.
Pursuant to addendum No. 013/05/2021 dated May 19, 2021, ICICI Prudential Asset Management (AMC) announced that Value Systematic Transfer Plan (Value STP) shall not be available under the Flexicap Fund Scheme. The Scheme shall be a Target Scheme under Booster Systematic Transfer Plan (Booster STP). Read terms & conditions in the application form before investing or visit ww.iciciprumf.com. This facility should not be associated or confused with Systematic Transfer Plan, Flex Systematic Transfer Plan; all these are separate facilities provided by ICICI Prudential AMC Limited.
All the other provisions of the SID/KIM/addenda of the Scheme, except as specifically modified herein above remain unchanged.

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Indian Rupee has a Renews Downside Amid Dollar Gains

Jun 22 2022 8:29PM

Bounce back in dollar in early Asia is expected to bring the Indian rupee under renewed pressure onWednesday. Sustained foreign fund outflows and lower equities are also likely to weigh down thecurrency. However, sharply lower crude oil prices could limit some losses in the domestic unit.On Tuesday, rupee declined 12 paise to close at 78.14 against the US dollar. At the interbank foreignexchange market, the local currency opened at 78.00 and finally ended at 78.14, down 16 paise overits previous close. On Monday, the rupee had appreciated 7 paise to settle at 77.98. . The dollar,index, that measures the greenback against a basket of currencies is higher by 0.15% at 104.36.Domestic equity benchmarks ended with robust gains on Tuesday, tracking positive global cues. Thebarometer index, the S&P BSE Sensex, up 934.23 points or 1.81% to 52,532.07. The Nifty 50 indexgained 288.65 points or 1.88% to 15,638.80. Foreign portfolio investors (FPIs) sold shares worth Rs2,701.21 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs3,066.41 crore in the Indian equity market on 21 June, provisional data showed.Overseas, Asian stocks are mostly trading lower on Wednesday, as Wall Street bounced back after aturbulent week. The Bank of Japan, after maintaining its ultra-low interest rates last week, releasedthe minutes from its April monetary policy meeting on Wednesday. Wall Street's major indices jumpedover 2% on Tuesday as investors scooped up shares of mega-cap growth and energy companies. U.S.stock markets were closed Monday for Juneteenth.Fed Chair Jerome Powell will testify before Congress Wednesday and Thursday. His appearance comesafter a recent rate hike by three-quarters of a percentage point, the central bank's biggest increasesince 1994.

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Indian Rupee has INR Consolidates Around 78 Per US Dollar

Jun 15 2022 7:11PM

The Indian rupee saw muted moves after hitting fresh record lows beyond Rs 78 per dollar mark. INRgained a little, consolidating just around 78 per US dollar mark. The local equity indices ended lowerin the volatile session today that saw markets move up in the initial hours before turning lower.India's inflation based on the Wholesale Price Index (WPI) rose further in May, hitting 15.88%,according to data released by the commerce ministry today. WPI inflation was 15.08% in April 2022and 13.11% in May 2021. However, India retail inflation eased to 7.04 per cent in May, mainly onaccount of softening food prices, though it remained above the RBI's upper tolerance level for the fifthconsecutive month, government data showed on Monday. The Consumer Price Index (CPI) basedinflation was 7.79 per cent in April. In May 2021, the retail inflation stood at 6.3 per cent. A modestdrop in the US dollar index in Asia could support INR today.

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crude is recovering near $120 per barrel on Tuesday

Jun 14 2022 8:19PM

crude is recovering near $120 per barrel on Tuesday as dollar takes a breather. The dollar index, thatmeasures the greenback against a basket of currencies is hovering at 105.08, tracking US treasuryyields that is soaring past 3.3%. However, expectation of aggressive Fed rate hike amid soaring USinflation levels and China lockdown amid rising Covid cases are likely to keep demand for crude low. ACOVID outbreak at a bar in Beijing has raised fears of a new phase of lockdowns just as restrictionswere being eased. Meanwhile, focus turns to the Federal Open Markets Committee that will end a twoday meeting on Wednesday with Fed rate hike possibility as May inflation rose to 8.6%, a 40-yearhigh.

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Copper Falls On Growth Concerns

Jun 14 2022 8:14PM

Copper prices fell sharply amid global growth concerns, despite hopes for a demand recovery in topmetals consumer China. The OECD slashed its growth forecasts and ramped up its inflation estimateson Wednesday, one day after the World Bank cut growth estimates. The Organisation for EconomicCo-operation and Development said the global growth is set to slow sharply this year than previouslyforecast as the war in Ukraine triggered a cost-of-living crisis and the zero-COVID policy of Chinaadded to supply chain disruptions. The global economy will expand 3.0 percent in 2022, which issharply slower than the 4.5 percent projected in December, OECD said in its latest economic outlook,released Wednesday. The growth rate is seen at 2.75 percent in 2023. COMEX copper dropped to alow of $4.4207 per pound from $4.45 levels yesterday.

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Indian Rupee was been Pressured By Strong Dollar

Jun 14 2022 8:12PM

The Indian rupee is expected to be battered further on Thursday, 09 June 2022 by surging dollaroverseas. Dollar is staying elevated tracking higher US treasury yields that continued to climb furtherabove 3% ahead of crucial US inflation data that would likely determine path for the Federal Reserve.Recovering from its lifetime low, the rupee advanced 10 paise to settle at 77.68 against the U.S.dollar on Wednesday after the RBI raised the interest rate by 50 basis points to tame inflation. At theinterbank forex market, the local unit opened strong at 77.70 against the greenback and witnessed anintra-day high of 77.64 and a low of 77.79. It finally settled at 77.68, up 10 paise over its previousclose. The rupee had slumped to its lifetime low of 77.78 on Tuesday. The Reserve Bank of India onWednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to reinin the rise in inflation.The key equity indices ended a volatile session with modest losses on Wednesday, declining for thefourth day in a row. Market turned volatile after the RBI hiked the key repo rate by 50 basis points to4.90%. The S&P BSE Sensex declined 214.85 points or 0.39% to 54,892.49. The Nifty 50 index fell60.10 points or 0.37% to 16,356.25. Both the indices fell over 1.6% in four straight sessions. Foreignportfolio investors (FPIs) sold shares worth Rs 2,484.25 crore, while domestic institutional investors(DIIs), were net buyers to the tune of Rs 1,904.33 crore in the Indian equity market on 7 June 2022,provisional data showed.Asian shares were mixed on Thursday. China is set to announce its trade data for May later onThursday. The European Central Bank is also expected to signal a July rate hike at its policy meetinglater on Thursday. US stocks dipped overnight ahead of May's consumer price index reading slated forFriday. The S&P 500 shed 1.08% to 4,115.77. The Dow Jones Industrial Average slipped 269.24points, or 0.81%, to 32,910.90. The Nasdaq Composite shed 0.73% to 12,086.27

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Crude Oil Inventories Rise

Jun 9 2022 9:46PM

The Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to June 3. This compared with a draw of 1.5 million barrels for the previous week, leaving inventories at 416.8 million barrels. In gasoline, the EIA estimated an inventory decline of 800,000 million barrels for the week to June 3, which compared with a draw of 700,000 barrels for the previous week. Gasoline production averaged 10 million bpd last week, which was slightly higher than the average for the previous week. In middle distillates, the EIA reported an inventory build of 2.6 million barrels for the week to June 3. This compared with a draw of half a million barrels for the previous week.

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. Copper Falls On Growth Concerns

Jun 9 2022 9:41PM

Copper prices fell sharply amid global growth concerns, despite hopes for a demand recovery in top metals consumer China. The OECD slashed its growth forecasts and ramped up its inflation estimates on Wednesday, one day after the World Bank cut growth estimates. The Organisation for Economic Co-operation and Development said the global growth is set to slow sharply this year than previously forecast as the war in Ukraine triggered a cost-of-living crisis and the zero-COVID policy of China added to supply chain disruptions. The global economy will expand 3.0 percent in 2022, which is sharply slower than the 4.5 percent projected in December, OECD said in its latest economic outlook, released Wednesday. The growth rate is seen at 2.75 percent in 2023. COMEX copper dropped to a low of $4.4207 per pound from $4.45 levels yesterday.

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Indian Rupee has To Be Pressured By Strong Dollar

Jun 9 2022 9:39PM

The Indian rupee is expected to be battered further on Thursday, 09 June 2022 by surging dollaroverseas. Dollar is staying elevated tracking higher US treasury yields that continued to climb furtherabove 3% ahead of crucial US inflation data that would likely determine path for the Federal Reserve.Recovering from its lifetime low, the rupee advanced 10 paise to settle at 77.68 against the U.S.dollar on Wednesday after the RBI raised the interest rate by 50 basis points to tame inflation. At theinterbank forex market, the local unit opened strong at 77.70 against the greenback and witnessed anintra-day high of 77.64 and a low of 77.79. It finally settled at 77.68, up 10 paise over its previousclose. The rupee had slumped to its lifetime low of 77.78 on Tuesday. The Reserve Bank of India onWednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to reinin the rise in inflation.The key equity indices ended a volatile session with modest losses on Wednesday, declining for thefourth day in a row. Market turned volatile after the RBI hiked the key repo rate by 50 basis points to4.90%. The S&P BSE Sensex declined 214.85 points or 0.39% to 54,892.49. The Nifty 50 index fell60.10 points or 0.37% to 16,356.25. Both the indices fell over 1.6% in four straight sessions. Foreignportfolio investors (FPIs) sold shares worth Rs 2,484.25 crore, while domestic institutional investors(DIIs), were net buyers to the tune of Rs 1,904.33 crore in the Indian equity market on 7 June 2022,provisional data showed.Asian shares were mixed on Thursday. China is set to announce its trade data for May later onThursday. The European Central Bank is also expected to signal a July rate hike at its policy meetinglater on Thursday. US stocks dipped overnight ahead of May's consumer price index reading slated forFriday. The S&P 500 shed 1.08% to 4,115.77. The Dow Jones Industrial Average slipped 269.24points, or 0.81%, to 32,910.90. The Nasdaq Composite shed 0.73% to 12,086.27.

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Post-Session:Sensex jumps 443 pts, Nifty ends above 15,550 and ended with strong gains on Thursday.

Jun 23 2022 7:42PM

Indian intraday equity barometers ended with strong gains on Thursday. The Nifty 50 index settled above the 15,550mark, after hitting the day's low of 15,367.50 in the afternoon trade. Trading was volatile due to theexpiry of weekly index options on the NSE today. Barring the Nifty Oil & Gas index, all the sectoralindices on the NSE ended in the green. Auto and IT shares were in demand.The barometer index, the S&P BSE Sensex, rose 443.19 points or 0.86% to 52,265.72. The Nifty 50index gained 143.35 points or 0.93% to 15,556.65.In the broader market, the S&P BSE Mid-Cap index gained 1.40% while the S&P BSE Small-Cap indexrose 1.18%.The market breadth was strong. On the BSE, 2,096 shares rose and 1,208 shares fell. A total of 130shares were unchanged.The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 1.97%to 20.88.Investors digested U.S. Federal Reserve Chair Jerome Powell's comments on central bank's aim toslow down the inflation. Powell told Congress on Wednesday that the central bank is "stronglycommitted" to bringing down inflation after the rate hit a 40-year high in the United States. He alsonoted that

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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]