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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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Coal India announces provisional production and offtake figures

Dec 2 2016 1:36PM

Coal India has announced the provisional production and offtake performance for the month of November 2016 .The Company and its subsidiaries have achieved 93% of the targeted coal production at 50.00 million tonnes in November 2016 .
The Company and its subsidiaries have achieved 97% of the targeted offtake at 48.16 million tonnes in November 2016.
For the period April 2016 - November 2016, the Company and its subsidiaries have achieved 90% of the targeted coal production at 323.57 million tonnes and has achieved 89% of the targeted offtake at 340.32 million tonnes.


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TVS Motor slides after muted sales in November

Dec 2 2016 1:28PM

The announcement was made after market hours yesterday, 1 December 2016.Meanwhile, the BSE Sensex was down 246.34 points, or 0.93%, to 26,313.58.
On the BSE, so far 50,000 shares were traded in the counter, compared with average daily volumes of 2.04 lakh shares in the past one quarter. The stock had hit a high of Rs 365.90 and a low of Rs 357.35 so far during the day.
The stock hit a record high of Rs 418 on 28 October 2016. The stock hit a 52-week low of Rs 256.30 on 29 February 2016. The stock had underperformed the market over the past 30 days till 1 December 2016, falling 8.20% compared with the 3.51% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 10.80% as against Sensex's 6.91% decline.
The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Re 1.
TVS Motor Company said that due to the demonetization exercise, the company witnessed a short-term impact on November sales. However, the company is seeing a sales pickup already happening.
TVS Motor Company's total two-wheeler sales rose 0.63% to 2.19 lakh units in November 2016 over November 2015. Scooters sales fell 3.82% to 73,135 units in November 2016 over November 2015. Motorcycles sales fell 17.36% to 67,896 units in November 2016 over November 2015.
Three-wheeler sales fell 23.55% to 5,883 units in November 2016 over November 2015.
Total exports fell 2.36% to 32,829 units in November 2016 over November 2015.
TVS Motor Company's net profit rose 33.4% to Rs 177.39 crore on 21.1% growth in net sales to Rs 3393.14 crore in Q2 September 2016 over Q2 September 2015.
TVS Motor Company is a leading two and three-wheeler manufacturer.

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Tata Communications leads losers in 'A' group

Dec 2 2016 1:28PM

Tata Communications declined 4.59% to Rs 635.25 at 13:12 IST. The stock topped the losers in the BSE's 'A' group. On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 59,000 shares in the past two weeks.
Bharat Financial Inclusion fell 4.53% at Rs 709.45. The stock was second biggest loser in 'A' group. On the BSE, 1.31 lakh shares were traded on the counter so far as against the average daily volumes of 2.74 lakh shares in the past two weeks.
MMTC lost 4.5% to Rs 49.85. The stock was third biggest loser in 'A' group. On the BSE, 3.25 lakh shares were traded on the counter so far as against the average daily volumes of 2.95 lakh shares in the past two weeks.
Union Bank of India declined 4.14% at Rs 141.40. The stock was fourth biggest loser in 'A' group. On the BSE, 4.08 lakh shares were traded on the counter so far as against the average daily volumes of 6.27 lakh shares in the past two weeks.
RattanIndia Power fell 3.96% to Rs 7.27. The stock was fifth biggest loser in 'A' group. On the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 3.23 lakh shares in the past two weeks.

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HCC nudges higher on mulling preferential share allotment

Nov 30 2016 12:06PM

On the BSE, 3.95 lakh shares were traded on the counter so far as against the average daily volumes of 28.59 lakh shares in the past one quarter. The stock had hit a high of Rs 34.70 and a low of Rs 34.25 so far during the day. The stock had hit a 52-week high of Rs 41.90 on 14 September 2016. The stock had hit a 52-week low of Rs 16.60 on 12 February 2016. The stock had underperformed the market over the past one month till 29 November 2016, declining 7.02% compared with the Sensex's 5.54% fall. The scrip had, however, outperformed the market in past one quarter, surging 46.96% as against the Sensex's 5.41% fall.
The small-cap company has equity capital of Rs 77.92 crore. Face value per share is Rs 1.
Hindustan Construction Company's (HCC) board at its proposed board meeting on 2 December 2016, would consider issue of equity shares representing 24.44% of the expanded capital and also optionally convertible debentures (OCDs) on preferential basis, to be allotted collectively to the individual lenders. In this context, the company plans to convene an extraordinary general meeting (EGM) for seeking shareholders' approval.
HCC's net profit fell 42.8% to Rs 23.08 crore on 8.2% decline in net sales to Rs 759.03 crore in Q2 September 2016 over Q2 September 2015.
HCC is into infrastructure development in transportation, power and water segments.

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Eros International advances on fund raising plans

Nov 30 2016 12:06PM

On the BSE, 7,267 shares were traded so far in the counter, compared with average daily volume of 43,372 shares in the past one quarter. The stock had hit a high of Rs 174.90 and a low of Rs 170.10 so far during the day. The stock had hit a 52-week high of Rs 274 on 4 December 2015. The stock had hit a 52-week low of Rs 125.90 on 29 February 2016. The stock had underperformed the market over the past one month till 29 November 2016, falling 12.25% compared with 5.54% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 21.39% as against Sensex's 5.41% decline.
The small-cap company has equity capital of Rs 93.71 crore. Face value per share is Rs 10.
Eros International Media said that the meeting of board of directors of the company will be held on 2 December 2016, to consider and approve the proposal to raise funds through issue and offer of secured/unsecured, redeemable, non convertible debentures on public/private placement basis, in one or more tranches, upto the limit as may be decided by the board.
On a consolidated basis, net profit of Eros International Media fell 32.9% to Rs 62.99 crore on 5.2% decline in net sales to Rs 478.79 crore in Q2 September 2016 over Q2 September 2015.
Eros International Media operates in the Indian film entertainment industry. It acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media.

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UCO Bank gains after allotting preferential shares to LIC

Nov 30 2016 12:06PM


On the BSE, 63,000 shares were traded on the counter so far as against the average daily volumes of 2.22 lakh shares in the past one quarter. The stock had hit a high of Rs 34.30 and a low of Rs 33.85 so far during the day. The stock had hit a 52-week high of Rs 50.15 on 1 December 2015. The stock had hit a 52-week low of Rs 27.80 on 15 February 2016. The stock had outperformed the market over the past one month till 29 November 2016, declining 3.31% compared with the Sensex's 5.54% fall. The scrip had, however, underperformed the market in past one quarter, sliding 16.52% as against the Sensex's 5.41% fall.
The mid-cap bank has equity capital of Rs 1488.03 crore. Face value per share is Rs 10.
The shares issued to Life Insurance Corporation of India (LIC) will be under lock-in for a period of one year from the date of trading from the stock exchanges. LIC owned 11.88% stake in UCO Bank end September 2016.
UCO Bank reported net loss of Rs 384.83 crore in Q2 September 2016, compared with net profit of Rs 156.20 crore in Q2 September 2015.
The Government of India held 77.54% stake in UCO Bank end September 2016.

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Thomas Cook (India) provides update on subsidiary - Quess Corp

Nov 29 2016 12:20PM

Thomas Cook (India) provided the following update received from its subsidiary, Quess Corp (formerly IKYA Human Capital Solutions Limited) -a. Appointment of Sudershan Pallap as the Compliance Officer and Company Secretary of the Company in place of N.V.S. Pavan Kumar, who has resigned from the post of Compliance Officer and Company Secretary of the Company w.e.f. 28 November 2016.
b. Approved subscription to Compulsorily Convertible Preference Shares ("CCPS") of Manipal Integrated Services Private Limited ("MIS") for Rs. 2,200 million.
c. Acquisition of the facility management business and catering business of Manipal Integrated Services subject to necessary approvals.
d. Acquisition of 74% equity in Inticore VJP Advance Systems subject to necessary approvals.
e. Approved issue of Non-Convertible Debentures (NCDs) and other debt instruments of the Company for an aggregate amount upto Rs.150 crore, subject to necessary approvals.

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Surana Solar spurts after winning order

Nov 29 2016 12:19PM

On BSE, so far 1.04 lakh shares were traded in the counter, compared with average daily volume of 25,420 shares in the past one quarter. The stock hit a high of Rs 25.10 and a low of Rs 23.80 so far during the day. The stock hit a 52-week high of Rs 39.75 on 7 January 2016. The stock hit a 52-week low of Rs 19 on 24 June 2016. The stock had underperformed the market over the past 30 days till 28 November 2016, falling 9.71% compared with the 5.66% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.96% as against Sensex's 7.03% decline.
The small-cap company has equity capital of Rs 24.60 crore. Face value per share is Rs 5.
Surana Solar has been awarded an engineering procurement construction (EPC) contract for design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission system & comprehensive operation & maintenance for 10 years of a 10 megawatts (MW) (AC) solar power plant by Paradip Port Trust, Odisha (India). The total EPC contract awarded is Rs 60.60 crore and for Operations and Maintenance (O&M) works for ten years is Rs 4.75 crore, which is more than 50% of the turnover of the financial year 2015-2016.
Net profit of Surana Solar rose 7.50% to Rs 0.43 crore on 25.30% decline in net sales to Rs 17.69 crore in Q2 September 2016 over Q2 September 2015.
Surana Solar is one of the leading manufacturers of solar photovoltaic modules in India.

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Board of Valecha Engineering approved proposal for conversion of FDs into equity share

Dec 2 2016 1:36PM

Valecha Engineering announced that the Board of Directors of the Company on 01 December 2016 has decided to consider a scheme of arrangement with the fixed deposit holders of the Company u/s. 391-394 of the Companies Act, 1956 for conversion of outstanding fixed deposits into equity shares or any other securities of the Company, subject to approval (s)/ consent (s)/sanction (s) and permission (s) from Ministry of Corporate Affairs, SEBI, equity shareholders, specified fixed deposit holders and the lenders, if any.The Board directed the management to complete the requisite documentation necessary to give effect to the above decision as also the procedures thereafter.
The process for preparation of documentation for the proposal will be completed in or about four weeks' time.

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Arbitration award passed against Jindal Drilling & Industries

Dec 2 2016 1:35PM

Jindal Drilling & Industries announced that an Arbitration Award has been passed against the Company to make payment towards principal outstanding and the following amounts.1. Amount of USD 31,769,994.76 by way of damages.
2. Interest on the damages awarded accruing at the daily rate of US prime plus 1%, compounded quarterly until the date of payment and
3. Cost of arbitration and other expenses.
The Company is taking necessary steps to contest in relation to the Award.

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Steel Strips Wheels slips on profit booking

Dec 2 2016 1:35PM

On the BSE, 13,000 shares were traded on the counter so far as against the average daily volumes of 10,746 shares in the past one quarter. The stock had hit a high of Rs 630 and a low of Rs 609 so far during the day.
The stock had hit a record high of Rs 775 on 14 October 2016 and a 52-week low of Rs 284 on 17 February 2016.
The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.
Shares of Steel Strips Wheels (SSWL) had rallied 23.47% in the preceding five trading sessions to settle at Rs 631.95 yesterday, 1 December 2016, from its close of Rs 511.80 on 24 November 2016.
Lion's portion of the rally materialized in a single trading yesterday, 1 December 2016, when the stock settled higher by 15.76%, after the company during market hours yesterday, reported a 14% rise in total wheel rim sales at 11.99 lakh units in November 2016 over November 2015.
Net profit of SSWL rose 19.9% to Rs 18.02 crore on 2.8% decline in net sales to Rs 290.95 crore in Q2 September 2016 over Q2 September 2015.
SSWL designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

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Board of Centum Electronics approves proposal for further investment in Adetel Group SA

Nov 30 2016 12:12PM

Centum Electronics announced that the Board of Directors of the Company at its meeting held on 29 November 2016 approved the proposal for further investment in Adetel Group SA. With the proposed investment, Centum Electronics stake in Adetel Group will increase from 51% to 54%. Further, the above investment will be done through the wholly owned subsidiary company, Centum Electronics UK.

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Rapicut Carbides gets credit ratings for bank facilties

Nov 30 2016 12:11PM


Rapicut Carbides has received revision in credit ratings for bank facilities from CARE -Long term bank facilities (Rs 1.10 crore) - CARE BBB- ;Stable Outlook (Assigned)
Long term/ Short term bank facilities (fund based working capital limit) (Rs 4.70 crore) - CARE BBB-; Stable Outlook / CARE A3+; Stable Outlook (Reaffirmed)
Short term bank facilities (non fund based limits) (Rs 3.75 crore) - CARE A3+ (Reaffirmed)

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Centum Electronics to hike stake in Adetel Group SA

Nov 30 2016 12:11PM

Diversified electronics firm, Centum Electronics said that it has received an approval for further investment in Adetel Group SA.
With the proposed investment, Centum Electronics stake in Adetel Group will increase from the 51 per cent to 54.1 per cent, the company said in a filing to the Bombay Stock Exchange.
The above investment will be done through its wholly owned subsidiary company ‘Centum Electronics UK’. The board of director at its meeting held on November 29, 2016 has approved for the same.
Meanwhile, shares of the company were trading at Rs 518 apiece, up 2.04 per cent from the previous close at 11:52 hours on BSE.

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RBL Bank allots equity shares

Nov 29 2016 12:20PM

RBL Bank has allotted 259,723 (Two Lac Fifty Nine Thousand Seven Hundred & Twenty Three) equity shares of face value Rs. 10 each on 28 November 2016 under the ESOP Schemes of the Bank.Consequent to the above allotment, the paid up share capital of the Bank has increased from 372,314,333 equity shares of Rs. 10 each aggregating Rs. 3,723,143,330 to 372,574,056 equity shares of Rs. 10 each aggregating Rs. 3,725,740,560.

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HDFC Bank allots equity shares

Nov 29 2016 12:19PM


HDFC Bank has allotted on 29 November 2016, 3727100 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS).The paid up share capital of the Bank will accordingly increase from Rs. 5098540634 equity shares of Rs 2/- each to Rs. 5105994834 equity shares of Rs 2/- each.

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Reliance Dual Advantage Fixed Tenure Fund X – Plan B Floats On

Dec 2 2016 1:39PM

Reliance Mutual Fund has unveiled a new fund named as Reliance Dual Advantage Fixed Tenure Fund X – Plan B, a close ended hybrid scheme with the duration of 1339 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 25 November and close on 09 December 2016.The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure.
The scheme offers two options viz. growth and dividend payout option.
The scheme will allocate 70% to 95% of assets in debt securities, invest upto 25% of assets in money market instruments with low to medium risk profile and 5% to 30% of assets in equities & equity related instruments (including options premium) with medium to high risk profile.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry & exit load charge will be nil for the scheme.
Benchmark Index for the scheme is a mix of 80% CRISIL Composite Bond Fund Index & 20% Nifty 50 Index.
The fund managers for the scheme are Sanjay H.Parekh and Anju Chajjer.

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HDFC Fixed Maturity Plan 1240D December 2016 (1) Floats On

Dec 2 2016 1:39PM

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1240D December 2016 (1), a plan under HDFC Fixed Maturity Plans – Series 37 (a close-ended income scheme). The tenure of the scheme is 1302 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription only on 07 December 2016.The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan.
The plan shall offer three options – growth, dividend and flexi option.
The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in money market instruments with low risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry and exit load charge will be not applicable for the plan.
Benchmark Index for the plan is CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Anil Bamboli & Rakesh Vyas (Dedicated fund manager for overseas investments).

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Div declared for L&T Dynamic Equity Fund - DP

Nov 30 2016 12:15PM

L&T Mutual Fund has announced 1.2 per cent dividend under dividend payout option of scheme named as “L&T Dynamic Equity Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend was November 28. The latest NAV of the scheme is Rs 18.54.
The investment objective of the open-ended scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments. The Fund could also additionally invest in domestic Gold ETFs. This could help generating funds in the long term to save for the cost of children’s marriage.
The performance of the scheme is benchmarked against S&P BSE 200. Soumendra Nath Lahiri is the fund manager of the scheme.

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JM Financial MF announces 0.80% div under Arbitrage Advantage Fund - DP

Nov 30 2016 12:14PM

JM Financial Mutual Fund has announced 0.80 per cent dividend under dividend payout option of scheme named as “JM Arbitrage Advantage Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend was November 28. The latest NAV of the scheme is Rs 10.85.
The investment objective of the open ended scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Chaitanya Choksi is the fund manager of the scheme.

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Escorts MF Announces Dividend under its schemes

Nov 30 2016 12:14PM

Escorts Mutual Fund has announced 05 December 2016 as the record date for declaration of dividend under the following schemes. The rate of dividend (Rs per unit) on the face value Rs 10 per unit will be:Escorts Short Term Debt Fund – dividend option & growth option: 0.11
Escorts Income Bond Fund – dividend option & growth option: 0.10
Escorts Income Plan – dividend option, growth option & bonus option: 0.092

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Franklin Templeton MF announces 0.02% div under India Cash Management Account

Nov 29 2016 12:26PM

Franklin Templeton Mutual Fund has announced 0.02 per cent dividend under dividend payout option of scheme named as “Franklin India Cash Management Account” on the face value of Rs 10 per unit.
The record date for the dividend was November 27. The latest NAV of the scheme is Rs 10.01.
The investment objective of the open-ended scheme is to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market and debt instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Pallab Roy is the fund manager of the scheme.

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0.01% div announced under Tata Money Market Fund - RP

Nov 29 2016 12:25PM

Tata Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Regular Plan” on the face value of Rs 1,000 per unit.
The record date for the dividend was November 27. The latest NAV of the scheme is Rs 1,001.52.
The investment objective of the open-ended scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

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Div declared for Axis Enhanced Arbitrage Fund

Nov 28 2016 2:53PM

Axis Mutual Fund has announced 0.50 per cent dividend under dividend payout option of scheme named as “Axis Enhanced Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend was November 25. The latest NAV of the scheme is Rs 10.86.
The investment objective of the open-ended scheme is to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Devang Shah is the fund manager of the scheme.

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Subdued demand drags down lead futures by 1.66%

Dec 2 2016 1:42PM

Lead futures fell during morning trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for December 2016 contract is trading at Rs 157.15 per kg, down by 1.66 per cent, after opening at Rs 157.95, against a previous close of Rs 159.80. It touched the intra-day low of Rs 156.80

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Aluminium futures slide on diminishing demand

Dec 2 2016 1:41PM

Aluminium futures were trading lower during morning trade in the domestic market on Friday as participants indulged in offloading their positions in the industrial metal amid slide in physical demand for aluminium at the domestic spot market. Further, a decline in physical demand for aluminium at the domestic spot market was due to trimming of fresh positions by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for December 2016 contract is trading at Rs 117.20 per kg, down by 0.17 per cent, after opening at Rs 117.50, against a previous close of Rs 117.40. It touched the intra-day low of Rs 117.20 



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Lead futures down on diminishing demand

Nov 30 2016 12:18PM

Lead futures fell during noon trade in the domestic market on Wednesday as investors and speculators trimmed their bets in the industrial metal amid sluggish physical demand for lead, from battery-makers, in the domestic spot market.
Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for November 2016 contract is trading at Rs 160.25 per kg, down by 0.47 per cent, after opening at Rs 158.85, against a previous close of Rs 161. It touched the intra-day low of Rs 158.25 


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Aluminium futures slide on subdued demand

Nov 30 2016 12:18PM

Aluminium futures fell during noon trade in the domestic market on Wednesday as participants exited their positions in the industrial metal amid slide in physical demand for aluminium at the domestic spot market.
Further, fall in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot market, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for November 2016 contract is trading at Rs 116.85 per kg, down by 0.72 per cent, after opening at Rs 117.10, against a previous close of Rs 117.70. It touched the intra-day low of Rs 116.55

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Cardamom futures slide on muted physical demand

Nov 29 2016 12:27PM

Cardamom futures fell during the morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid fall in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for December 2016 contract is trading at Rs 1402 per kg, down by 0.85 per cent, after opening at Rs 1402, against a previous close of Rs 1414. It touched the intra-day low of Rs 1402



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Uptick in demand lifts mentha oil futures by 0.67%

Nov 29 2016 12:27PM

Mentha oil futures were trading higher during morning trade in the domestic market on Tuesday as participants build up fresh positions in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, widening of positions by traders in the spot market was led by rise in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade.
At the MCX, mentha oil futures for November 2016 contract is trading at Rs 974 per kg, up by 0.67 per cent after opening at Rs 964.20, against the previous closing price of Rs 967.50. It touched the intra-day high of Rs 975.10

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Lead futures climb 3.76% on upsurge in physical demand

Nov 28 2016 2:48PM

Lead futures climbed over 3 per cent during morning trade in the domestic market on Monday as investors and speculators widened their bets in the industrial metal amid upsurge in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for November 2016 contract is trading at Rs 171.30 per kg, up by 3.76 per cent, after opening at Rs 169.10, against a previous close of Rs 165.10. It touched the intra-day high of Rs 172.10

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Crude oil in reverse gear on doubts over OPEC deal

Nov 28 2016 2:47PM

Crude oil futures fell during noon trade in the domestic market on Monday as investors and speculators exited their positions in the energy commodity as doubts re-emerged over the ability of major producers to agree on the output cuts at a meeting in Vienna on November 30, aimed at reining in global oversupply.
The objective of the OPEC meet is to decide on the details of a cut, potentially including non-OPEC members like Russia. However, the meeting was called off after Saudi Arabia declined to attend it.
Saudi Arabia's energy minister Khalid al-Falih said on Sunday that Saudi representatives would not attend the talks originally scheduled for Monday because no agreement within OPEC had been reached so far.
At the MCX, crude oil futures for December 2016 contract is trading at Rs 3149 per barrel, down by 1.53 per cent, after opening at Rs 3190, against a previous close of Rs 3198. It touched the intra-day low of Rs 3145

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Post-Session: Indian equities declines for second straight session; Nifty slips below 8000 mark

Dec 2 2016 9:03PM

Indian benchmarks finished the week on a distressing note as they went on to extend the declining streak for the second successive session as market participants resorted to hefty across the board position squaring. Sentiments remained down-beat on the private report indicating that Cash crunch post demonetisation is expected to slowdown India's GDP growth to 6.5 per cent for the fourth quarter of 2016 and is likely to spill over into the first quarter of 2017. According to the report, cash-dependent sectors (agriculture, trade, real estate, construction and transport) and conspicuous consumption demand (high-end white goods, high-end cars, gold and jewellery and travel) would likely to be 'particularly hit' by demonetisation.  The impact of demonetization was first observed in November’s manufacturing PMI, which fell to 52.3 in November from October's 54.4, its biggest month-on-month decline since March 2013. The demand disruption could take its toll on the economy over the next few quarters. Meanwhile, Reserve Bank of India (RBI) is expanding the tools at its disposal to suck out the surge of liquidity in the banking sector following the government’s decision to scrap high value notes, the central bank said that the government has raised the limit for issuing market stabilization scheme (MSS) bonds to Rs 6 lakh crore compared to Rs 30,000 crore earlier.
Jittery investors lacked conviction to build positions ahead of the release of the US monthly jobs data, a referendum in Italy over its constitution, and the Reserve Bank of India's policy review next week. Also, the GST Council meet is started today, the meeting has become significant in the light of the controversial comments made by West Bengal finance minister Amit Mitra that demonetization - making over 85% of old Rs 500 and Rs 1,000 currency notes illegal - will delay implementation of GST. Meanwhile, auto stocks declined on sharp drop in monthly sales, while stocks of telecom service providers - Bharti Airtel, Idea Cellular - were hit by worries about intensifying competition with the extension of freebies offered by Reliance Jio (RJio) till March 2017. Paints companies came under pressure for the second straight trading session tracking the sharp rally in global crude oil prices. On the other hand, some lower buying witnessed in selected power stocks after Moody’s Investors Service upgraded India’s power sector outlook to stable from negative, because the increased domestic production of coal will ease constraints on fuel supply.
On the global front, Asian markets ended mostly lower on Friday as the oil rally fizzled out and rising US Treasury yields, reflected expectations that inflation will accelerate in 2017, triggering fresh concerns about capital outflows from emerging markets. Investors remained cautious ahead of US nonfarm payrolls data, a key economic indicator that the Federal Reserve eyes, due later in the day. Meanwhile, Stocks in Europe swept lower, as investors stayed cautious before a referendum in Italy that could trigger fresh political uncertainty in the region.
Back home, the local benchmark got off to a weak start as the indices breached the psychological 8,150 and 26,350 levels in the early moments of trade since investors largely remained influenced by the pessimistic sentiments prevailing in Asian markets. Thereafter, the key indices failed to show any kind of fervor due to lack of encouraging leads. The key gauges suffered a setback in afternoon trades as sudden bouts of profit booking emerged in the local markets immediately after a somber European market opening. Eventually the NSE’s 50-share broadly followed index Nifty, took a cut of over a percent to settle below the crucial 8,100 support level while Bombay Stock Exchange’s Sensitive Index Sensex slipped by over three hundred points and closed below the psychological 26,300 mark. On the BSE sectoral space, Consumer Durables and FMCG pockets remained among top laggards in the space as they got lacerated by 2.32% and 1.62% respectively. While sectors like Auto, Capital Goods and Realty too got pounded heavily in the session.
The market breadth remained pessimistic as there were 871 shares on the gaining side against 1794 shares on the losing side while 126 shares remained unchanged. Finally, the BSE Sensex declined by 329.26 points or 1.24% to 26230.66, while the CNX Nifty dropped 106.10 points or 1.30% to 8,086.80.
The BSE Sensex touched a high and a low of 26463.06 and 26182.93, respectively and there were 3 stocks on gainers side against 27 stocks on the losers side on the index.
The broader indices made a negative closing; the BSE Mid cap index ended lower by 1.26%, while Small cap index was down by 1.37%.
The top losing sectoral indices on the BSE were Consumer Durables down by 2.32%, FMCG down by 1.62%, Auto down by 1.61%, Capital Goods down by 1.51% and Realty down by 1.40%, while there were no gainers on BSE sectoral front.
The top gainers on the Sensex were Bajaj Auto up by 0.64%, Cipla up by 0.57% and ICICI Bank up by 0.12%. On the flip side, Asian Paints down by 3.57%, Maruti Suzuki down by 3.44%, Adani Ports &Special down by 3.41%, Tata Motors down by 3.37% and HDFC down by 2.64% were the top losers.
Meanwhile, after calling off the last meeting due to differences between states and demonetization, the two-day meeting of Goods and Service Tax (GST) council is all set to start on December 2, to finalise the three draft legislations for Central Goods and Services Tax (CGST), Integrated Goods and Services Tax (IGST) and compensation law.
The 2-Day GST Council meet is also likely to take up the vexed issue of cross empowerment of states and the Centre to avoid dual control which has remained a contentious one during the previous two GST Council meetings. The informal GST meeting will be chaired by the Union Finance Minister Arun Jaitley and will have Minister of State in charge of revenue and state finance ministers as members. 
On November 20, Union Finance Minister Arun Jaitley had called for an informal meeting with his state counterparts to thrash out a political solution, but the meet failed to arrive at a common ground on how the Centre and states will control assessees under the new regime. With states unrelenting on their position of being given right to control all assessees with up to Rs 1.5 crore annual turnover, it was decided that officials will meet and work out a possible arithmetic for addressing the issue. States like Uttarakhand, West Bengal, Uttar Pradesh, Tamil Nadu and Kerala insisted on exclusive control over small businesses, which earn less than Rs 1.5 crore in annual revenue, for both goods and services. 
The government aims to roll out GST from April 1 next year, which will subsume excise, service tax and local levies. At the last meeting, the Council agreed on a four-slab structure - 5, 12, 18 and 28 per cent along with a cess on luxury and ‘sin’ goods such as tobacco.
The CNX Nifty traded in a range of 8,159.30 and 8,070.05. There were 7 stocks in green against 44 stocks in red on the index.
The top gainers on Nifty were Eicher Motors up by 2.78%, Tata Power up by 0.82%, Idea Cellular up by 0.82%, Bajaj-Auto up by 0.72% and Ultratech Cement up by 0.54%. On the flip side, Maruti Suzuki down by 3.83%, Tata Motors down by 3.59%, Asian Paints down by 3.50%, Adani Ports &Special down by 3.42% and ZEEL down by 3.31% were the top losers.
The European markets were trading in red; UK’s FTSE 100 decreased 53.36 points or 0.79% to 6,699.57, Germany’s DAX decreased 94.4 points or 0.9% to 10,439.65 and France’s CAC decreased 58.64 points or 1.29% to 4,501.97.
Most of the Asian markets made a negative closing on Friday as the oil rally fizzled out and rising US Treasury yields, reflecting expectations that inflation will accelerate in 2017, triggered fresh concerns about capital outflows from emerging markets. US nonfarm payrolls data, a key economic indicator that the Federal Reserve eyes, due later in the day and the weekend's referendum on constitutional reform in Italy also kept investors on the sidelines. US employment is expected to increase by 170,000 jobs in November after climbing by 161,000 jobs in October, while the unemployment rate is expected to hold at 4.9 percent. Chinese shares ended lower as coking coal futures and construction product steel rebar tumbled after recent sharp gains. Further, Japanese shares fell modestly as the dollar pulled back against the yen.

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LME Inventory

Oct 21 2014 1:52PM

       COPPER: -100

       ZINC: -1650

       LEAD: 0

       NICKLE: +630

       ALUMINIUM: -1015

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]