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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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Wipro, Nykaa, Metropolis Healthcare have been focused in todays market

Aug 19 2022 7:14PM

Indian Intraday Trading stocks like Wipro: Wipro announced that it has been awarded a multi-year contract to deliver Service Integration andManagement (SIAM) Services to HM Treasury (HMT). The service will enab... Wipro: Wipro announced that it hasbeen awarded a multi-year contract to deliver Service Integration and Management (SIAM) Services to HM Treasury(HMT). The service will enable seamless integration of IT services across multi-functional suppliers and partners,enhancing the user experience across HMT and its Arm's Length Bodies. FSN E-Commerce Ventures (Nykaa): Nykd byNykaa has opened doors to its first-ever stand-alone, physical retail space in New Delhi's Rajouri Garden. Focused onimmersive, engaging, and tech-led shopping experiences, the store features the brand's wide array of products acrossthe innerwear, sleepwear, athleisure, and loungewear categories. Metropolis Healthcare: The company releasedVijender Singh from the position of CEO from the closing of business hours of 17 August 2022. Further, MetropolisHealthcare said it has appointed a talent search agency and has begun the process of finding a suitable candidate forthe position of CEO.Greenpanel Industries: Rating agency ICRA upgraded the long term ratings of the company to A+ (stable) and shortterm ratings to A1+, from A and A1, respectively.Talbros Engineering: The company has commenced construction on land acquired admeasuring 2.2 Acre bearing PlotNo. 80, Sector 68, HSIIDC, Faridabad for setting up of new production unit.

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RateGain, Sona Comstar, Bharat Gears, Nxtdigital are going to be focused in todays market

Aug 17 2022 12:53PM

RateGain Travel Technologies (RateGain):RateGain announced today that Air India, the flagship carrier of India owned by India's largest conglomerate the Tata Group has selecte... RateGain Travel Technologies (RateGain):RateGain announced today that Air India, the flagship carrier of India owned by India's largest conglomerate the Tata Group has selected RateGain's - AirGain product to dynamically adjust prices with real-time, accurate, and high-quality airfare data to compete globally with leading airlines. Sona BLW Precision Forgings (Sona Comstar): The company has partnered with Drive TLV (DRIVE), an Israel-based innovation hub focused on smart mobility solutions. The partnership with DRIVE will give Sona Comstar access to Israel's hi-tech mobility start-up ecosystem. Bharat Gears: The meeting of the board of directors of the company is scheduled on 19 August 2022, to consider and approve issue of bonus shares of the company by way of capitalization of reserves. Nxtdigital: The board of directors of Nxtdigital approved the proposed Scheme of Arrangement between Nxtdigital and Hinduja Leyland Finance (HLFL) and their respective Shareholders - for merger of HLFL with the company. Techno Electric & Engineering Company: The company has recently secured new orders for FGD totalling to Rs 1,455 crores. Bajaj Hindusthan Sugar: State Bank of India, financial creditor through its advocate has initiated Corporate Insolvency Resolution Process of the company before the Hon'ble National Company Law Tribunal, Allahabad Bench under Section 7 of Insolvency and Bankruptcy Code 2016.

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Hero MotoCorp, ONGC, LIC, ZEE have been focused in todays mraket

Aug 16 2022 6:15PM

Indian Intraday Trading stocks like Hero MotoCorp: The two-wheeler maker recorded 71% jump in standalone net profit to Rs 625 crore in Q1 FY23 fromRs 365 crore in Q1 FY22. Revenue from operations for the first ... Hero MotoCorp: The two-wheeler maker recorded71% jump in standalone net profit to Rs 625 crore in Q1 FY23 from Rs 365 crore in Q1 FY22. Revenue fromoperations for the first quarter stood at Rs 8,393 crore, a growth of 53% over the corresponding quarter in theprevious fiscal. ONGC: Oil and Natural Gas Corporation reported a standalone net profit of Rs 15,206 crore in Q1FY23, steeply higher than Rs 4,335 crore recorded in Q1 FY22. Net revenue increased 83.8% YoY to Rs 42320.72crore during the quarter. Life Insurance Corporation of India (LIC): LIC reported a standalone net profit of Rs 682.89crore in Q1 FY23, steeply higher than Rs 2.94 crore recorded in Q1 FY22. The insurer's total premium income surged20.35% to Rs 98,351.76 crore in the quarter ended 30 June 2022 as against Rs 81,721.42 crore posted in thecorresponding quarter previous year.Zee Entertainment Enterprises (ZEE): Zee Entertainment Enterprises' reported 50.1% drop in consolidated net profitto Rs 106.6 crore despite a 4% increase in operating revenue to Rs 1845.7 crore in Q1 FY23 over Q1 FY22.Sun TV Network: The company's consolidated net profit surged to Rs 493.99 crore in Q1 FY23 from Rs 365.03 croreposed in Q1 FY22. Income from operations rose to Rs 1219.14 crore in the quarter ended 30 June 2022 as against Rs818.87 crore in the quarter ended 30 June 2021.Astral: Astral's consolidated net profit rose 20.3% to Rs 88.90 crore on a 73.1% rise in net sales to Rs 1,212.90 crorein Q1 FY23 over Q1 FY22.Apollo Tyres: The tyre maker's consolidated net profit surged 49.2% to Rs 190.68 crore on 29.6% jump in net salesto Rs 5,942 crore in Q1 FY23 over Q1 FY22.Muthoot Finance: On standalone basis, Muthoot Finance's net profit dropped 17.4% to Rs 802.01 crore on 7.6%decline in total income to Rs 2,509.27 crore in Q1 FY23 over Q1 FY22.Maithan Alloys: Maithan Alloys' consolidated net profit surged 95.4% to Rs 218.95 crore on 80.4% rise in net sales toRs 1,020.31 crore in Q1 FY23 over Q1 FY22.Campus Activewear: Campus Activewear's consolidated net profit surged to Rs 28.66 crore in Q1 FY23 from Rs 1.98crore posed in Q1 FY22. Revenue from operations surged 149.6% to Rs 337.71 crore in the quarter ended 30 June2022 as against Rs 135.30 crore in the quarter ended 30 June 2021.

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Bharti Airtel, Power Grid Corporation, HDFC, JSW Steel have been focused

Aug 10 2022 6:15PM

Indian Intraday Trading stocks like Bharti Airtel: The telecom major's consolidated net profit surged to Rs 1,606.9 crore in Q1 FY23 compared with netprofit of Rs 283.5 crore in Q1 FY22. Revenue from operations... Bharti Airtel: The telecom major's consolidated netprofit surged to Rs 1,606.9 crore in Q1 FY23 compared with net profit of Rs 283.5 crore in Q1 FY22. Revenue fromoperations jumped 22.16% to Rs 32,804.6 crore in Q1 FY23 as against Rs 26,853.6 crore posted in the correspondingquarter previous year. The company said that that rise in revenue was backed by strong and consistent performancedelivery across the portfolio. Power Grid Corporation of India: On consolidated basis, Power Grid Corporation ofIndia's net profit tumbled 36.6% to Rs 3,801.19 crore in Q1 FY23 as against Rs 5,998.28 crore recorded in Q1 FY22.Consolidated revenue from operation stood at Rs 10,905.21 crore in Q1 FY23, rising 6.7% from Rs 10,218.58 croreposted in the corresponding quarter previous year. HDFC: The housing finance major has hiked its Retail PrimeLending Rate (RPLR) on housing loans by 25 basis points, with effect from 9 August 2022.JSW Steel: The steel major's standalone crude steel production in July 2022 stood at 15.69 lakh tonnes, registering agrowth of 14% YoY. JSW Steel recorded crude steel production of 13.82 lakh tonnes in July 2021.Tech Mahindra: The company has signed an agreement to acquire 49% equity shares in Tech Mahindra South Africa(Pty) Limited and 4% equity shares in Tech Mahindra Holdco Pty Ltd.National Aluminium Company: National Aluminium Company reported 60.6% rise in consolidated net profit to Rs557.91 crore on a 52.9% increase in net sales to Rs 3783.32 crore in Q1 FY23 over Q1 FY22.Torrent Power: On a consolidated basis, Torrent Power's net profit jumped 143% to Rs 502.11 crore in Q1 FY23 asagainst Rs 206.59 crore posted in Q1 FY22. Revenue from operations surged 110.1% to Rs 6,510.31 crore in Q1 FY23from Rs 3,098.91 crore posted in Q1 FY22.Delhivery: Delhivery reported a consolidated net loss of Rs 399 crore in Q1 FY23 as against a net loss of Rs 130 crorerecorded in Q1 FY22. The firm's total income rose to Rs 1,795 crore in Q1FY23 as compared to Rs 1,364 crore inQ1FY22.Trident: On consolidated basis, Trident's net profit dropped 37.45% to Rs 129.35 crore in Q1 FY23 as against Rs206.81 crore recorded in Q1 FY22. Revenue from operations jumped 13.32% to Rs 1,679.9 crore in the quarter endedJune 2022 from Rs 1,482.38 crore reported in the corresponding quarter previous year.VST Tillers Tractors: VST Tillers Tractors' net profit declined 58.1% to Rs 10.05 crore in Q1 FY23 as against Rs 24.01crore posted in Q1 FY22. The company said that the net profit was impacted due to mark to market of investments.Net sales rose 21.9% year on year to Rs 235.98 crore in the quarter ended 30 June 2022.Whirlpool of India: Whirlpool of India reported a consolidated net profit of Rs 84.58 crore in Q1 FY23, steeply higherthan Rs 25.51 crore reported in Q1 FY22. Total revenue from operation climbed 55.2% to Rs 2,081 crore in Q1 FY23as against Rs 1,340.61 crore recorded in the corresponding quarter previous year.MRF: The tyre maker's consolidated net profit slipped 29% to Rs 119.46 crore despite of a 36.14% rise in net sales toRs 5,695.93 crore in Q1 FY23 over Q1 FY22.Narayana Hrudayalaya: Narayana Hrudayalaya recorded 45.1% growth in consolidated net profit to Rs 110.6 crore ona 20.2% increase in total operating income to Rs 1,033.4 crore in Q1 FY23 over Q1 FY22.Chennai Petroleum Corporation: The Tamil Nadu Pollution Control Board (TNPCB) vide its order dated 6 August 2022has advised Chennai Petroleum Corporation to restrict the production to 75% of its regular production.

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SBI, HPCL, BPCL, Marico have been watched

Aug 8 2022 5:12PM

State Bank of India (SBI): SBI's net profit fell 6.7% to Rs 6068 crore on 10.85% rise in interest income to Rs 7,676crore in Q1 FY23 over Q1 FY22. Hindustan Petroleum ... State Bank of India (SBI): SBI's net profit fell 6.7% to Rs6068 crore on 10.85% rise in interest income to Rs 7,676 crore in Q1 FY23 over Q1 FY22. Hindustan PetroleumCorporation (HPCL): HPCL posted a consolidated net loss of Rs 8557.12 crore in Q1 FY23 as against net profit of Rs2003.90 crore in Q1 FY22. Total income rose to Rs 121829.51 crore from Rs 78204.72 crore. Bharat PetroleumCorporation (BPCL): BPCL posted a consolidated net loss of Rs 6147.94 crore in Q1 FY23 as against net profit of Rs3214.16 crore in Q1 FY22. Total income rose to Rs 138753.77 crore from Rs 90131.33 crore.Tata Motors: Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors, and Ford India PrivateLimited (FIPL), signed a Unit Transfer Agreement (UTA) for the acquisition of FIPL's manufacturing plant situated atSanand, Gujarat for a total consideration, exclusive of taxes, of Rs 725.7 crore.Marico: Marico's posted consolidated net profit of Rs 377 crore in Q1 FY23 as against net profit of Rs 365 crore in Q1FY22. Total income rose to Rs 2575 crore from Rs 2552 crore.NHPC: The board of directors of NHPC in its meeting scheduled to be held on 10 August 2022 may consider theproposal regarding monetization of future cash flow (consisting Return on Equity, Capacity based Incentive) of one ormore power station (s) of the company for suitable tenure, as part of the funding plan of CAPEX of the company forthe current financial year 2022-23.SJVN: SJVN bagged a 200 MW solar project worth Rs 1,200 crore in an e-reverse auction by Maharashtra StateElectricity Distribution Company Ltd (MSEDCL). The tentative cost of Construction / Development of this project isaround Rs 1,200 crore.

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Axis Bank, Tech Mahindra, Tata Steel in spotlight

Jul 26 2022 7:29PM

Axis Bank: The private lender's net profit surged 91% to Rs 4,125.26 crore on 12.2% increase in total income to Rs21,727.61 crore in Q1 FY23 over Q1 FY22. Net interest income (NII) increased by 21% % YoY and 6% QoQ to Rs9,384 crore. Net interest margin (NIM) for Q1 FY23 stood at 3.60%, up 14 basis points YoY and 11 basis points QoQ.Tech Mahindra: On a consolidated basis, the IT major's net profit fell 24.8% to Rs 1,131.60 crore on 4.9% increase inrevenue from operations to Rs 12,707.90 crore in Q1 FY23 over Q4 FY22. EBITDA stood at Rs 1,880.10 crore in Q1FY23, down 10% quarter on quarter (QoQ) and up 0.2% YoY. EBITDA margin decreased to 14.8% in Q1 FY23 from17.2% in Q4 FY22 and 18.4% in Q1 FY23.Tata Steel: The company reported consolidated net profit of Rs 7714 crore in Q1 FY23 from Rs 9768 crore in Q1 FY22.Total revenue from operations stood at Rs 63430 crore in Q1 FY23 from Rs 53465 crore in Q1 FY22.Indian Energy Exchange: The company reported consolidated net profit of Rs 69.1 crore in Q1 FY23 from Rs 62.1crore in Q1 FY22. Total revenue from operations stood at Rs 113.4 crore in Q1 FY23 from Rs 102.9 crore in Q1 FY22.Lupin: Lupin announced that it has received approval from the United States Food and Drug Administration (FDA) forits Abbreviated New Drug Application (ANDA), Azilsartan Medoxomil Tablets, 40 mg and 80 mg, to market a genericequivalent of Edarbi Tablets, 40 mg and 80 mg, of Azurity Pharmaceuticals, Inc. The product will be manufactured atLupin's facility in Nagpur.Sonata Software: The board considered, approved and recommended a bonus issue of one equity share for everythree equity shares held by the shareholders of the company as on the record date.

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RIL, Infosys, ICICI Bank, Kotak Bank to react to their Q1 results

Jul 25 2022 2:12PM

Indian Intraday stocks like Reliance Industries (RIL): The Mukesh Ambani-led diversified company reported 40.8% increase in consolidated netprofit to Rs 19,443 crore on 56.7% increase in net sales to Rs 2,19,304 crore in Q1 June 2022 over Q1 June 2021.EBITDA jumped 45.8% YoY to Rs 40,179 crore during the quarter, driven by strong contribution from O2C business,even as other businesses contributed positively to growth.Infosys: The IT major's consolidated net profit dropped 5.7% to Rs 5360 crore on 6.8% rise in revenue to Rs 34470crore in Q1 FY23 over Q4 FY22.ICICI Bank: The bank reported standalone net profit of Rs 6905 crore in Q1 June 2022 as against a net profit of Rs4616 crore in Q1 June 2021. Net interest income rose to Rs 13210 crore from Rs 10936 crore.Kotak Mahindra Bank: The bank reported 26% rise in standalone net profit to Rs 2071 crore on 19% rise in netinterest income to Rs 4697 crore in Q1 June 2022 over in Q1 June 2021.GAIL (India): The meeting of the board of directors of the company is scheduled on 27 July 2022, to consider andapprove issuance of bonus shares.Bharat Electronics: The company signed a contract with the Ministry of Defence, Government of India, worth aroundRs. 250 crores, towards supply of nine Integrated ASW Complex (IAC) MOD "C Systems. IAC MOD ,C" is anIntegrated Anti-Submarine Warfare (ASW) system for all surface ships of the Indian Navy.Granules India: The US FDA has completed an inspection of the facility of Granules Pharmaceuticals, Inc., a whollyowned foreign subsidiary of the company located in Chantilly, Virginia, the USA on 22nd July 2022 with sixobservations.

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Biocon, RBL Bank, IndiaMART, ICICI Securities have been focused in todays intraday market

Jul 22 2022 9:17PM

Indian Trading market stocks like Biocon: Biocon said the US FDA concluded a pre-approval inspection for Site 3 located at Hyderabad, Telangana on 20July 2022. Three observations were cited at the end of the inspection, which we will be addressing within thestipulated time.RBL Bank: RBL Bank reported standalone net profit of Rs 201.16 crore as against a net loss of Rs 459.47 crore in Q1FY23 over Q1 FY22. Total income rose marginally to Rs 2,702.91 crore in Q1 FY23 from Rs 2,679.19 crore in Q1 FY22.IndiaMART InterMESH: The company's consolidated net profit declined 47% to Rs 47 crore on 24% rise in revenuefrom operations to Rs 225 crore in Q1 FY23 over Q1 FY22.ICICI Securities: The company's consolidated net profit declined 11.9% to Rs 310.72 crore on 6.5% rise in revenuefrom operations to Rs 745.3 crore in Q1 FY23 over Q1 FY22.Emami: Emami announced acquiring 30% stake in a pet-care start-up "Cannis Lupus Services India Private Limited".The extensive knowledge and experience of pet care and pet training acquired by Cannis Lupus over the years wouldbe helpful in developing and scaling up the business soon.Welspun Corp: Welspun Corp announced the commissioning of its Blast Furnace and Sinter plant, and TMT Barsmanufacturing facility at Anjar, Cujarat through its wholly owned subsidiaries.

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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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US Weekly Unemployment Benefits Claims Declines

Aug 19 2022 7:19PM

A report released by the Labor Department on Thursday unexpectedly showed a modest pullback in first-time claimsfor U.S. unemployment benefits in the week ended August 13th. The Labor Department said initial jobless claimsedged down to 250,000, a decrease of 2,000 from the previous week's revised level of 252,000. The report showedthe less volatile four-week moving average also dipped to 246,750, a decrease of 2,750 from the previous week'srevised average of 249,500. Meanwhile, the Labor Department said continuing claims, a reading on the number ofpeople receiving ongoing unemployment assistance, crept up by 7,000 to 1.437 million in the week ended August 6th.The four-week moving average of continuing claims also rose to 1,413,000, an increase of 13,250 from the previousweek's revised average of 1,399,750.

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Philly Fed Index Indicates Growth In August

Aug 19 2022 7:18PM

After reporting contractions in Philadelphia-area manufacturing activity in the two previous months, the FederalReserve Bank of Philadelphia released a report showing regional manufacturing activity unexpectedly returned togrowth in the month of August. The Philly Fed said its diffusion index for current activity jumped to a positive 6.2 inAugust from a negative 12.3 in July, with a positive reading indicating growth. The rebound by the headline index waspartly due to a notable acceleration in the pace of shipment growth, as the shipments index jumped to 24.8 in Augustfrom 14.8 in July. The new orders index also showed a significant rebound but remained negative, surging to anegative 5.1 in August from a negative 24.8 in July. The report also showed a faster rate of job growth, with thenumber of employees index rising to 24.2 in August from 19.4 in July. The prices paid index slumped to 43.6 inAugust from 52.2 in July, while the prices received index slid to 23.3 from 30.3. The diffusion index for future generalactivity climbed to a negative 10.6 in August from a negative 18.6 in July but remained negative for the thirdconsecutive month

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Indian Rupee had a Firm in market which madeDollar To Weigh

Aug 19 2022 7:16PM

Strength in dollar overseas is expected to keep rupee under pressure on Friday, August 19, 2022. The US dollar wasfirm for the third day in a row as investors clung to the sa... Strength in dollar overseas is expected to keep rupeeunder pressure on Friday, August 19, 2022. The US dollar was firm for the third day in a row as investors clung to thesafe haven currency for respite. Meanwhile, a hawkish fed in its recent minutes and continued rate hike stancepushed treasury yields higher, supporting dollar. US treasury yields were higher near 2.9% while dollar index thatmeasures the greenback against a basket of currencies was up 0.09% at 107.51. On Thursday, rupee depreciated 19paise to close at 79.64 against the US dollar. At the interbank foreign exchange market, the local currency opened at79.60 and moved in a range of 79.60 to 79.71 during the day. It finally ended at 79.64 against the greenback, down19 paise over its previous close. On Wednesday, the rupee gained 29 paise to settle at 79.45 against thedollar. Domestic benchmark indices ended with minor gains after a volatile session on Thursday. The barometer index,the S&P BSE Sensex, added 37.87 points or 0.06% to 60,298. The Nifty 50 index advanced 12.25 points or 0.07% to17,956.50. Foreign portfolio investors (FPIs) sold shares worth Rs 1,706.00 crore, while domestic institutionalinvestors (DIIs), were net buyers to the tune of Rs 470.79 crore in the Indian equity market on 18 August,provisional data showed.Overseas, Asian stocks are trading on a mixed note on Friday against a muted Wall Street looking to revive its recentmarket rally. US stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift thetechnology sector, while data showed the economy remained relatively strong.

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New Residential Construction In US Falls In July

Aug 17 2022 12:55PM

New residential construction in the U.S. tumbled by much more than expected in the month of July, according to areport released by the Commerce Department on Tuesday. The report showed housing starts plunged by 9.6 percentto an annual rate of 1.446 million in July after slumping by 2.4 percent to a rate of 1.559 million in June. With themuch steeper than expected drop, housing starts dove to their lowest annual rate since hitting 1.430 million inFebruary of 2021. The Commerce Department said single-family housing starts plummeted by 10.1 percent to a rateof 916,000, while multi-family starts tumbled by 8.6 percent to a rate of 530,000. Building permits, an indicator offuture housing demand, also fell by 1.3 percent to an annual rate of 1.674 million after inching up by 0.1 percent to arevised rate of 1.696 million in June. Single-family permits plunged by 4.3 percent to a rate of 928,000, more thanoffsetting a 2.8 percent jump in multi-family permits to a rate of 746,000.

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Indian Rupee: Supported By Foreign Fund Inflows

Aug 16 2022 6:17PM

Declining oil prices and sustained foreign fund into Indian markets are keeping the Indian currency supported.Besides, dollar index that is marginally lower ahead of crucial ... Declining oil prices and sustained foreign fund intoIndian markets are keeping the Indian currency supported. Besides, dollar index that is marginally lower ahead ofcrucial data is also beneficial for rupee. The U.S. Labor Department will release its July report for consumer prices onWednesday. A strong inflation print is likely to reinforce the idea that the Fed is not close to pausing its tighteningcycle and markets would readjust their expectations for U.S. interest rates. On Monday, rupee fell 40 paise to close at79.64 against the US dollar. At the interbank foreign exchange market, the domestic currency opened weak at 79.50per dollar. It oscillated between a high of 79.45 and a low of 79.65 during the session. It finally settled at 79.64,down 40 paise over its previous close of 79.24. Forex market remained closed on Tuesday, 9 August 2022 on accountof Muharram. Domestic stock market remained closed on Tuesday, 9 August 2022 on account of Muharram. Thebenchmark indices closed near the day's high with major gains on Monday, tracking positive global cues. Thebarometer index, the S&P BSE Sensex, rose 465.14 points or 0.80% to 58,853.07. The Nifty 50 index gained 127.60points or 0.73% to 17,525.10. Foreign portfolio investors (FPIs) bought shares worth Rs 1,449.70 crore, whiledomestic institutional investors (DIIs), were net sellers to the tune of Rs 140.73 crore in the Indian equity market on8 August, provisional data showed.Overseas, Asian stocks are trading lower on Wednesday as investors digest inflation data from China and look aheadto the U.S. CPI report. China's consumer inflation edged up last month to the highest level in two years, data releasedon Wednesday showed, but producer prices continued to ease. China's consumer price (CPI) index rose by 2.7% inJuly from a year earlier, up from a rise of 2.5% in June. Producer price index (PPI), which reflects the prices thatfactories charge wholesalers for products, rose by 4.2% in July, down from a rise of 6.1% in JuneUS stocks closed lower on Tuesday after a dismal forecast from Micron Technology pulled chip makers and tech stockslower as investors await U.S. inflation data that could lead the Federal Reserve to further tighten its efforts to curbinflation.

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Copper Slips Amid China Demand Woes

Aug 10 2022 6:17PM


Copper prices edge lower in early Asia on Wednesday as China's factory-gate inflation eased to its weakest sinceFebruary 2021, as raw material prices fell due to already slower construction activity, while consumer prices roseslightly. Producer price index (PPI) rose 4.2% year-on-year while consumer price index (CPI) increased 2.7% from ayear earlier. Meanwhile, the Nasdaq tumbled 150.53 points or 1.2 percent to 12,493.93 and the S&P 500 fell 17.59points or 0.4 percent to 4,122.47.0 The Dow posted a more modest loss, edging down 58.13 points or 0.2 percent to32,774.41. COMEX copper was quoting lower by 0.66% at $3.56 per pound.

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Indian Rupee: Supported By Foreign Fund Inflows

Aug 10 2022 6:16PM

Declining oil prices and sustained foreign fund into Indian markets are keeping the Indian currency supported.Besides, dollar index that is marginally lower ahead of crucial ... Declining oil prices and sustained foreign fund intoIndian markets are keeping the Indian currency supported. Besides, dollar index that is marginally lower ahead ofcrucial data is also beneficial for rupee. The U.S. Labor Department will release its July report for consumer prices onWednesday. A strong inflation print is likely to reinforce the idea that the Fed is not close to pausing its tighteningcycle and markets would readjust their expectations for U.S. interest rates. On Monday, rupee fell 40 paise to close at79.64 against the US dollar. At the interbank foreign exchange market, the domestic currency opened weak at 79.50per dollar. It oscillated between a high of 79.45 and a low of 79.65 during the session. It finally settled at 79.64,down 40 paise over its previous close of 79.24. Forex market remained closed on Tuesday, 9 August 2022 on accountof Muharram. Domestic stock market remained closed on Tuesday, 9 August 2022 on account of Muharram. Thebenchmark indices closed near the day's high with major gains on Monday, tracking positive global cues. Thebarometer index, the S&P BSE Sensex, rose 465.14 points or 0.80% to 58,853.07. The Nifty 50 index gained 127.60points or 0.73% to 17,525.10. Foreign portfolio investors (FPIs) bought shares worth Rs 1,449.70 crore, whiledomestic institutional investors (DIIs), were net sellers to the tune of Rs 140.73 crore in the Indian equity market on8 August, provisional data showed.Overseas, Asian stocks are trading lower on Wednesday as investors digest inflation data from China and look aheadto the U.S. CPI report. China's consumer inflation edged up last month to the highest level in two years, data releasedon Wednesday showed, but producer prices continued to ease. China's consumer price (CPI) index rose by 2.7% inJuly from a year earlier, up from a rise of 2.5% in June. Producer price index (PPI), which reflects the prices thatfactories charge wholesalers for products, rose by 4.2% in July, down from a rise of 6.1% in JuneUS stocks closed lower on Tuesday after a dismal forecast from Micron Technology pulled chip makers and tech stockslower as investors await U.S. inflation data that could lead the Federal Reserve to further tighten its efforts to curbinflation

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WHO Declares Monkeypox Outbreak A Global Health Emergency

Jul 25 2022 2:15PM

World Health Organization's assessment is that the risk of monkeypox is moderate globally and in all regions, exceptin the European region where they assess the risk as high. However, there is also a clear risk of further internationalspread, although the risk of interference with international traffic remains low for the moment, WHO noted. “So inshort, we have an outbreak that has spread around the world rapidly, through new modes of transmission, aboutwhich we understand too little, and which meets the criteria in the International Health Regulations.” WHO said. Forall of these reasons, the agency has decided that the global monkeypox outbreak represents a public healthemergency of international concern.

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Post-Session:Sensex tanks 652 pts; Nifty ends below 17,800 and ended with steep losses on Friday.

Aug 19 2022 7:12PM

Indian intraday domestic equity benchmarks ended with steep losses on Friday. Banks, financial shares and realty shares dragged. Onthe other hand, IT shares bucked the trend. Negative gl... The domestic equity benchmarks ended with steep losseson Friday. Banks, financial shares and realty shares dragged. On the other hand, IT shares bucked the trend.Negative global cues triggered profit selling in domestic shares following recent steep gains. The Nifty 50 indexjumped 3.31% in the past eight trading sessions. The recent resurgence in the US dollar index also spookedinvestors. A spike in the dollar index could impact capital flows to emerging markets such as India. On Thursday, FPIswere net sellers of domestic stocks worth Rs 1706 crore. The barometer index, the S&P BSE Sensex, tumbled 651.85points or 1.08% to 59,646.15. The Nifty 50 index tumbled 198.05 points or 1.10% to 17,758.45.Larsen & Toubro (up 2.20%), Infosys (up 0.93%) and TCS (up 0.12%) supported the indices.Tata Steel (down 2.27%), Bajaj Finance (down 2.53%), Bajaj Finserv (down 3.08%) and Indusind Bank (down3.82%) were major drags.In the broader market, the S&P BSE Mid-Cap index fell 1.27% while the S&P BSE Small-Cap index declined 0.93%.The market breadth was negative. On the NSE, 1427 shares rose and 1981 shares fell. A total of 120 shares wereunchanged.The volatility index, India VIX, surged over 5% to 18.28, indicating heightened volatility in the market.Economy:The union government on Thursday (18 August) reduced the windfall tax on sale of locally produced crude oil to Rs13,000 per tonne from Rs 17,750 a tonne earlier. The special additional excise duty on export of diesel has beenincreased from Rs 5 to Rs 6 per litre, and including a cess it would be Rs 7 per litre.Besides, the government again imposed Rs 2 per litre tax on export of aviation turbine fuel (ATF) after scrapping itearlier this month. Export of petrol will continue without the levy of the windfall tax. The new changes will come intoeffect from 19 August 2022, the Central Board of Excise and Customs (CBIC) said in its notification.Numbers to Track:The yield on India's 10-year benchmark federal paper rose to 7.2639 as compared with 7.242 at close in the previoustrading session.In the foreign exchange market, the rupee fell against the dollar. The partially convertible rupee stood at 79.84,compared with its previous close of 79.64.MCX Gold futures for 5 October 2022 settlement shed 0.17% to Rs 51,517.The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.38% to107.89.In the commodities market, Brent crude for October 2022 settlement fell $1.98 or 2.05% to $94.61 a barrel.Global Markets:The Dow Jones index futures were down 268 points, indicating a negative opening in the US stocks today.Most shares in Europe and Asia declined on Friday, as investors track the course for monetary policy and continue todigest corporate earnings reports.Investor sentiment has been tepid since mid-week after minutes from the Federal Reserve's July meeting showedpolicymakers would not consider pulling back on interest rate hikes until inflation came down substantially.US stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector,while data showed the economy remained relatively strong.Sales of previously occupied US homes slowed for the sixth consecutive month in July. The National Association ofRealtors said Thursday that existing home sales fell 5.9% last month from June to a seasonally adjusted annual rateof 4.81 million.Stocks in Spotlight:Indian Railway Catering and Tourism Corporation (IRCTC) rose 3.09% after the company said it has floated tender forappointing consultant for digital data monetisation.Wipro shed 0.51%. The company announced that it has been awarded a multi-year contract to deliver ServiceIntegration and Management (SIAM) Services to HM Treasury (HMT). The service will enable seamless integration ofIT services across multi-functional suppliers and partners, enhancing the user experience across HMT and its Arm'sLength Bodies.SecMark Consultancy hit an upper circuit limit of 20% at Rs 188.20 after the company said its board will consider abonus share issue on 23 August 2022. The board will also consider the proposal of migrating the company from SMEplatform of BSE to main board of BSE and listing on the main board of National Stock Exchange of India.Metropolis Healthcare slipped 2.54%. The company released Vijender Singh from the position of CEO from the closingof business hours of 17 August 2022. Further, Metropolis Healthcare said it has appointed a talent search agency andhas begun the process of finding a suitable candidate for the position of CEO.Greenpanel Industries gained 0.67%. Rating agency ICRA upgraded the long term ratings of the company to A+(stable) and short term ratings to A1+, from A and A1, respectively.NHPC added 0.72%. The company has signed a Memorandum of Understanding (MoU) with Investment Board Nepal(IBN), Govt. of Nepal at Kathmandu, Nepal, for preparation of Detailed Project Report (DPR) and development of twohydropower projects namely West Seti (750 MW) and Seti River 6 project (450 MW) in Nepal.

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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]