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Profit Krishna

Equity and Commodity Advisory Services - F&O Tips, Intraday Tips, Commodity Tips, Stock Market Tips

PROFIT KRISHNA an ISO Certified equity and commodity advisory services is a dedicated website which provides research work for Equity, stock tips, intraday tips, Multibagger & Commodity markets of India. Our services are chiefly designed for Investors and Traders to provide most appropriate solution. We have a specialized team of stock market analysts and commodity investment experts who can provide profitable stock market tips including future & option trading tips, commodity trading tips, intraday trading tips, nifty tips, BSE NSE Tips and MCX NCDEX Tips. We keep on updating you with share market recommendations and accurate stock market tips through SMS, phone calls and online chatting on daily, weekly and monthly basis which can help you in earning unlimited profit out of your investment.

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* Disclaimer: These recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy and sell securities based on the above information in this column are solely responsible for their actions. The author won't be liable or responsible for any sort of financial and legal loses suffered by the traders.
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Infosys wins five awards at DevOps Industry Awards 2019

Nov 21 2019 12:05AM

Infosys has been recognized with five awards at the DevOps Industry Awards, 2019. The DevOps Industry Awards recognize organizations and individuals who have demonstrated noteworthy achievements for integrating and adopting DevOps practices. This is the third time in a row that Infosys has been awarded at the DevOps Industry Awards.
Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.

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Philippines Business Bank selects Intellect Digital Core

Nov 21 2019 12:04AM

Philippines Business Bank (PBB) has selected Intellect Digital Core, IDC 19.1, to power its Digital Transformation. Intellect is geared to implement its powerful Digital Core solution, IDC 19.1, aimed at accelerating the bank’s digital transformation initiatives to drive its vision of building a broad economic base for SMEs and making banking services accessible to them.
Intellect Digital Core, IDC 19.1, offers PBB the levers to innovate on offering unique, differentiated lending products and solutions. The solution will empower PBB to become integral to its customers across corporate, small and medium enterprises, by being a catalyst for efficient delivery of short, medium and long-term credit facilities.
Intellect Design Arena is a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC).

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TCS’ strategic unit launches TCS iON Industry Honour Certification

Nov 21 2019 12:03AM

TCS iON, a strategic unit of Tata Consultancy Services (TCS), has launched the TCS iON Industry Honour Certification, a first-of-its-kind phygital learning program that will transform university education globally and empower millions of students with new-age, future-ready proficiencies to meet industry needs.
The TCS iON lndustry Honour Certification will enable university students to opt for courses in industry-trending domains such as artificial intelligence, robotics, cloud computing, data mining, analytics, IoT, and cyber security. These courses, curated in collaboration with industry experts and academia, will help students align their skills with industry applications, and become job ready. Students will be able to access these courses anytime, anywhere and on any device throughout the duration of their degree program.
Tata Consultancy Services is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.

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RBI imposes penalty of Rs 2.50 crore on Bank of Baroda

Nov 20 2019 12:12AM

The Reserve Bank of India (RBI) has imposed a penalty aggregating to Rs 2.50 crore on Bank of Baroda for non-compliance with the directions issued by the RBI in various accounts of Srijan Mahila Vikas Sahyog Samiti at Bhagalpur Branch.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

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IIFL Wealth Management to transfer distribution

Nov 19 2019 12:00AM


IIFL Wealth Management has received an approval for transfer of distribution business of the company on a 'slump sale' basis, to IIFL Wealth Finance, a wholly-owned subsidiary of the company, for a lump sum consideration which shall not be less than the net book value (subject to necessary adjustment of working capital) of the distribution business and on such terms as may be determined by the Board (Distribution Business Transfer). The Board of Directors of the company at their meeting held on November 15, 2019, approved the same.
The Board has also given an approval for transfer of portfolio management services business (PMS Business) of the company on a 'slump sale' basis to IIFL Alternate Asset Advisors, a wholly-owned subsidiary of the company.

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Bharti Airtel launches Enterprise Hub

Nov 19 2019 12:00AM


Bharti Airtel has launched Enterprise Hub - a one-stop digital platform for its enterprise and SMB (small and medium business) customers to offer them a set of self-care services. The portal will offer customers a host of convenient self-care features on a single interface - view, download and pay bills online, view payment history, complete account management, TDS certificate uploads, access customized summary reports and much more.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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Westlife Development’s arm to offer new menu on Children’s Day

Nov 12 2019 12:17AM


Hardcastle Restaurants (HRPL), a Master Franchisee for West & South India operations of McDonald’s restaurants and a subsidiary of the Westlife Development, is offering toys, doodle mats, kiddie menu boards for Children’s Day. From November 12 - 24, 2019, people can have delectable food, drinks, and desserts at McDonald. The restaurants are getting a kiddie makeover as the menu boards will be changed to display doodle sketches (like children’s drawings).
Westlife Development focuses on putting up and operating Quick Service Restaurants (QSR) in India through its subsidiary HRPL. The Company operates a chain of McDonald's restaurants in west and south India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.

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Havells India introduces latest range of air-purifiers ‘Freshia’

Nov 7 2019 11:40PM

Havells India has introduced its latest range of air-purifiers ‘Freshia’, with an innovative 9-stage filtration process that promises to curb and eliminate air-borne pollutants as small as 0.3 micron, capturing pollutants up to 99.99%.
‘Freshia’ creates a new benchmark in the air-purifier category with SmartAir technology and a rigorous 9-stage filtration system. The range is priced between Rs 14,490-Rs 43,290 and have other features built-in them-such as dust sensor, front cover open protection, LED air purity indicator and ionizer. With acute efficiency and powerful air-purification system, the range offers CADR up to 500 m3/hr.
Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables& Wires, Motors, Fans, Power Capacitors, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches etc.

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The rupee ended at 70.34, 10 paise stronger from its previous close of 70.44 on Tuesday

May 15 2019 11:35PM

Gaining for the second day, Indian rupee ended stronger against the US dollar on Wednesday, on continued selling of the US currency by banks and exporters. Traders took some solace with rating agency Crisil’s report that recovery of stressed assets through the Insolvency and Bankruptcy Code (IBC) was two-times at Rs 70,000 crore compared to that through other mechanisms in 2018-19 but resolution timelines for bad loans still remains an issue. However, late hour sell-off in domestic equity market along with dollar’s strength against major global currencies capped the gains. On the global front, euro held at a one-week low on Wednesday, ignoring data from Germany that showed the economy returned to growth in the first quarter, as trade tensions between the world’s two biggest economies cast a shadow over risk appetite.
Finally, the rupee ended at 70.34, 10 paise stronger from its previous close of 70.44 on Tuesday. The currency touched a high and low of 70.39 and 70.17 respectively. The reference rate for the dollar stood at 70.42 and for Euro stood at 79.15 on May 15, 2019. While the reference rate for the Yen stood at 64.25, the reference rate for the Great Britain Pound (GBP) stood at 91.21. 

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Total consolidated income of the company rose 22.43% at Rs 1,103.32 crore for quarter ended March 31, 2019

May 15 2019 11:34PM

Manappuram Finance has reported results for the fourth quarter and year ended March 31, 2019.  
The company has reported a rise of 27.98% in its net profit at Rs 213.57 crore for the quarter ended March 31, 2019 as compared to Rs 166.88 crore for the same quarter in the previous year. Total income of the company increased by 18.48% at Rs 892.57 crore for quarter under review as compared to Rs 753.36 crore for the quarter ended March 31, 2018.
On consolidated basis, the company has reported rise of 43.04% in its net profit at Rs 258.34 crore for the quarter ended March 31, 2019 as compared to Rs 180.61 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose 22.43% at Rs 1,103.32 crore for quarter under review as compared to Rs 901.21 crore for the same quarter ended previous year. 
For the year ended March 31, 2019, the company has posted a rise of 14.63% in its net profit at Rs 790.45crore as compared to Rs 689.59 crore for the previous year. Total income of company increased 16.05% at Rs 3,427.18 crore for year under review as compared to Rs 2,953.30 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 37.40% in its net profit at Rs 929.48 crore as compared to Rs 676.48 crore for the previous year. Total income of company increased by 20.11% at Rs 4,178.83 crore for year under review as compared to Rs 3,479.19crore for year ended March 31, 2018.

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BJP launches 'knock the door' campaign in Varanasi

May 14 2019 10:11PM

'Knock the door is the BJP campaign in Varanasi in Uttar Pradesh. The Bharatiya Janata Party (BJP) workers have been directed to knock on every door and seek votes for PM Narendra Modi and urge people to cast their votes on the polling day. This campaign has been initiated to ensure a high percentage of polling in the Prime Minister's constituency on May 19. Over 10,000 BJP leaders and workers from Gujarat, Madhya Pradesh and Delhi have arrived in Varanasi to help in the campaign. A local BJP leader has said that 'Our workers will visit every home in Varanasi with voters' slip and convince people to cast their votes. People usually become complacent when they know that their candidate - PM Narendra Modi in this case - is winning but we are working for a much bigger margin of victory for the Prime Minister'.
The campaign has been started at the behest of BJP President Amit Shah who will be monitoring its progress every day till the campaign ends. Every party worker has been entrusted the responsibility of visiting ten homes. The workers will be required to furnish details of the homes they visit at the party office.
The campaign has been launched even as Congress leaders are making hectic preparations for the scheduled roadshow of Congress General Secretary Priyanka Gandhi on May 15. The BJP workers will follow a similar campaign in the neighboring Chandauli constituency where state BJP President Mahendra Nath Pandey is contesting. He is facing a tough challenge from the SP-BSP alliance candidate Sanjay Chauhan.





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Allahabad Bank revises MCLRs by 5 bps for all tenors

May 14 2019 10:11PM

Allahabad Bank has reviewed the existing Marginal Cost of Funds Based Lending Rates (MCLRs) and decided for a downward revision of MCLR by 5 basis points (bps) for all the tenors. With this, one year MCLR of the Bank now stands at 8.60% per annum (p.a.),
The Bank has also decreased the overnight, 1 month, 3 month and 6 month MCLR to 8.10% p.a., 8.20% p.a., 8.40% p.a. and 8.45% p.a. respectively. The aforesaid revised rates will be effective from May 14, 2019.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.

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Call rates edge higher on Tuesday

May 14 2019 10:11PM

Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading higher at 5.95% from its previous close of 5.92% on Monday as demand remained on the higher side in the first week reporting cycle.
The overnight borrowing rates touched a high and low of 6.05% and 4.50% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 5.90% on Tuesday and total volume stood at Rs 50375.57 crore, so far.
As per CCIL data, WAR in the TREP (Triparty Repo) market was 5.84% on Tuesday total volume stood at Rs 141195.65 crore, so far.
The indicative call rates which closed at 5.92% on Monday, were contributions made from Andhra Bank, AXIS Bank, Bank of America, Bank of Baroda, Bank of India, Canara Bank, J P Morgan Chase, Citibank N.A., Corporation Bank, Credit Agricole Bank, Indusind Bank, ICICI Bank, ICICI Securities, IDBI Bank, Jammu and Kashmir Bank, Punjab National Bank, RBS, Societe Generale, Standard Chartered, so far.

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Board of Cyient deliberates on buyback of shares

Jan 17 2019 8:20PM

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

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Wipro Gallagher Solutions Launches NetOxygen Saas for Loan Origination

May 21 2018 8:27PM

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

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Phoenix Mills allots 10,000 equity shares

Apr 25 2018 12:58PM

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

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ITI Mutual Fund files offer document for Small Cap Fund

Nov 21 2019 12:06AM

ITI Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named 'ITI Small Cap Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load will be 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units; and it will be Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked against Nifty Smallcap 100 TRI. The minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is generate capital appreciation by predominantly investing in equity and equity related securities of small cap companies.

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Sundaram Mutual Fund files offer document for Bluechip Fund

Nov 19 2019 12:02AM

Sundaram Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘Sundaram Bluechip Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nill and Exit load for redemption within 12 months from the date of allotment will be 1%; for redemption on or after 12 months from the date of allotment will Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crores.
The performance of the scheme will be benchmarked against Nifty 100 TRI index. The minimum application amount for initial purchase is Rs 100 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate capital appreciation by investing in large cap stocks.

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ICICI Pru AMC declares changes in Benchmark of its two schemes

Nov 19 2019 12:01AM

ICICI Prudential Asset Management Company (AMC) has announced that with reference to the Corrigendum to Notice no. 005/11/2019 dated November 06, 2019 for Change in Benchmark of select Fixed Maturity Plans (FMPs), two scheme names were inadvertently mentioned as ICICI Prudential Fixed Maturity Plan-Series-85-1279 Days Plan P and ICICI Prudential Fixed Maturity Plan-Series-85-1288 Days Plan O. ICICI pru AMC stated that the series name should be read as ‘Series 84’ instead of ‘Series 85’.

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ICICI Pru AMC announces hosting of half yearly portfolio statement of schemes

Oct 14 2019 11:14PM


ICICI Prudential Asset Management Company has announced that the half-yearly portfolio statement of schemes of ICICI Prudential Mutual Fund for half year ended September 30, 2019 will be hosted on October 10, 2019 on the website of ICICI prudential Asset Management Company (AMC) viz. www.icicipruamc.com and on the website of Association of Mutual Funds in India (AMFI) viz. www.amfiindia.com in accordance with Regulation 59A of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, read with SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2018/92 dated June 5, 2018.  Investors may accordingly view/ download the portfolio statement of schemes from the website of the AMC.

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SBI MF introduces Fixed Maturity Plan

Sep 11 2019 11:44PM

SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 18 (1108 Days), a close ended debt scheme. The NFO opens for subscription on September 09, 2019 and closes on September 16, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Medium Term Debt index and its fund manager is Ranjana Gupta.
The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

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JM Mutual Fund files offer document for Overnight Fund

Sep 3 2019 11:13PM

JM Mutual Fund has filed offer document with SEBI to launch  open ended debt scheme named ‘JM Overnight Fund.' The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend option. 
The performance of the scheme will be benchmarked against Crisil Overnight Index. The minimum application amount for initial purchase is Rs 1,000 and in multiples of any amount thereafter.
The investment objective of the scheme is to  provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

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Union Mutual Fund files offer document for Medium Duration Fund

Sep 3 2019 11:12PM

Union Mutual Fund has filed offer document with SEBI to launch  open ended scheme named ‘ Union Medium Duration Fund.' The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crores. 
The performance of the scheme will be benchmarked against CRISIL Medium Term Debt Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re1 thereafter.
The investment objective of the scheme is to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments.

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The scheme opens for subscription on August 20, 2019 and closes on August 26, 2019

Aug 20 2019 11:21PM


SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 17 (1116 Days), a close ended debt scheme. The NFO opens for subscription on August 20, 2019 and closes on August 26, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Medium Term Debt index and its fund manager is Ranjana Gupta.
The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

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Eurozone Economic Growth Doubles To 0.4% In Q1 2019

Apr 30 2019 9:12PM

Eurozone quarterly economic growth rate doubled in the first three months of the year, preliminary flash data from the statistical office Eurostat showed on Tuesday. Gross domestic product increased 0.4% from the fourth quarter of 2018 when the economy expanded 0.2%. The pace of growth was the strong


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Dollar Index Hovers Around One Week Low

Apr 30 2019 9:11PM

The US Dollar index eased in last couple of sessions as a slide from 22 month high extended. The index fell to a one week low of 97.60 today but could cut the losses given the feeble undertone in economic data in other major economies. Eurozone economic sentiment weakened for a tenth straight month.



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Copper Speculative Longs Drop Yet Again

Apr 30 2019 9:11PM

Large base metals speculators decreased their bullish net positions in the Copper futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Copper futures, traded.

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Gold Mixed Ahead Of Fed, Dollar Under Stress

Apr 1 2019 9:43PM


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

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Copper Zoom Higher, Strong Chinese Cues Lift Sentiments

Apr 1 2019 9:42PM

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

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Chana Inches Higher At Delhi Manid

Mar 28 2019 9:50PM

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

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Eurozone Economic Sentiment Weakens In March

Mar 28 2019 9:49PM

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

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Soya Oil Trades In Red

Mar 28 2019 9:49PM


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

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Post-Session :Nifty extends gain for second straight session

Nov 21 2019 12:03AM


After trading in optimistic mood, barometer 50 share index -- CNX Nifty -- closed the trading session 0.49% higher on Wednesday, extending its northward journey for second consecutive day. Market made a positive start, as traders took encouragement with Union minister Piyush Goyal’s statement that the government has strengthened several trade remedial measures, with an aim to provide a level-playing field for the domestic industry and protect it from unfair trade practices in a time-bound manner.
Further, trade brought some more cheer to the market and touched its psychological 12000 mark, as traders remained enthusiastic with the report that the Centre is planning to set up a dedicated cell for agriculture startups and small entrepreneurs. National Rainfed Area Authority (NRRA) CEO Ashok Dalwai said there are numerous areas where startups can help farmers reduce cost and increase income. However, in second half of the session, market came off from intraday highpoint, as some anxiety spread among the investors with ratings agency CARE Ratings’ report that the pace of employment growth in India has slowed down in the past two years, to 3.9 percent in 2017-18 and 2.8 percent in 2018-19 as the core industries have observed virtually, negative growth in hiring.
 Most of the NSE sectoral indices ended in green, except PSU Bank, Realty and Financial services. The top gainers from the F&O segment Vodafone Idea, Dish TV India and Zee Entertainment Enterprises. On the other hand, the top losers were Bharti Infratel, Indiabulls Housing Finance and Siemens. In the index option segment, maximum OI continues to be seen in the 11800 - 12,300 calls and 11,700 - 12,200 puts indicating this is the trading range expectation.India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 1.64% and reached 15.16.The 50 share Nifty was up by 59.00 points or 0.49% to settle at 11,999.10.
Nifty November 2019 futures closed at 12014.30 (LTP) on Wednesday, at a premium of 15.20 points over spot closing of 11999.10, while Nifty December 2019 futures ended at 12058.00 (LTP), at a premium of 58.90 points over spot closing. Nifty November futures saw an addition of 0.41 million (mn) units, taking the total outstanding open interest (OI) to 16.01 mn units. The near month derivatives contract will expire on November 28, 2019 (Provisional).
From the most active contracts, Yes Bank November 2019 futures traded at a premium of 0.15 points at 66.05 (LTP) compared with spot closing of 65.90. The numbers of contracts traded were 66,420 (Provisional).
Reliance Industries November 2019 futures traded at a discount of 1.00 points at 1547.50 (LTP) compared with spot closing of 1548.50. The numbers of contracts traded were 53,883 (Provisional).
Vodafone Idea November 2019 futures traded at a discount of 0.10 points at 7.05 (LTP) compared with spot closing of 7.15. The numbers of contracts traded were 40,823 (Provisional).
Zee Entertainment Enterprises November 2019 futures traded at a premium of 1.65 points at 310.70 (LTP) compared with spot closing of 309.05. The numbers of contracts traded were 40,785 (Provisional).
Bharti Airtel November 2019 futures traded at a premium of 1.60 points at 439.00 (LTP) compared with spot closing of 437.40. The numbers of contracts traded were 36,393 (Provisional).
Among, Nifty calls, 12000 SP from the November month expiry was the most active call with a contraction of 0.28 million open interests. Among Nifty puts, 12000 from the November month expiry was the most active put with an addition of 0.99 units open interests. The maximum OI outstanding for Calls was at 12000 SP (2.48 mn) and that for Puts was at 11,900 SP (2.58 mn). The respective Support and Resistance levels of Nifty are: Resistance -- 12,036.45 -- Pivot Point --12,001.25 --Support --11,963.90.
The Nifty Put Call Ratio (PCR) finally stood at 1.35 for November month contract. The top five scrips with highest PCR on Bharti Airtel (1.84), Bajaj Finserv (1.31), Indusind Bank (1.26), Bajaj Finance (1.14) and Union Bank of India (1.06).
Among most active underlying, Reliance Industries witnessed an addition of 1.55 million units of Open Interest in the November month futures contract, followed by Bharti Airtel witnessing a contraction of 0.35 million units of Open Interest in the November month contract, State Bank of India witnessed a contraction of 1.26 million units of Open Interest in the November month contract, Bharat Petroleum Corporation witnessed an addition of 2.05 million units of Open Interest in the November month contract and Sun Pharmaceutical Industries witnessed an addition of 2.76 million units of Open Interest in the November month future contract.

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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]