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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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MOIL reports 6% rise in Q4 net profit

May 22 2019 11:20PM

The company has reported a rise of 5.72% in its net profit at Rs 135.09 crore for the quarter under review as compared to Rs 127.78 crore for the same quarter in the previous year. Total income of the company increased by 10.01% at Rs 487.50 crore for Q4FY19 as compared Rs 443.13 crore for the corresponding quarter previous year.
For the year ended March 31, 2019, the company has reported a rise of 12.30% in its net profit at Rs 473.89 crore as compared to Rs 421.99 crore for the previous year. Total income of the company increased by 8.68% at Rs 1,631.48 crore for year under review as compared to Rs 1,501.18 crore for year ended March 31, 2018.

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Ramco Cements reports 52% rise in Q4 net profit

May 22 2019 11:19PM


The company has reported a rise of 52.29% in its net profit at Rs 165.37 crore for the quarter ended March 31, 2019 as compared to Rs 108.59 crore for the same quarter in the previous year. Total income of the company increased by 21.17% at Rs 1,543.47 crore for quarter under review as compared to Rs 1,273.76 crore for the quarter ended March 31, 2018.
For the year ended March 31, 2019, the company has posted a fall of 8.96% in its net profit at Rs 505.89 crore as compared to Rs 555.66 crore for the previous year. However, total income of company increased 12.42% at Rs 5,174.71 crore for year under review as compared to Rs 4,602.95 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has posted fall of 9.47% in its net profit at Rs 507.46 crore as compared to Rs 560.53 crore for the previous year. However, total income of company increased by 12.34% at Rs 5,187.30 crore for year under review as compared to Rs 4,617.67 crore for year ended March 31, 2018.

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Wipro develops blockchain-based payment solution for Travacoin

May 22 2019 11:19PM

Wipro has developed a blockchain-based payment solution for Travacoin, a company specializing in an eponymous digital payment solution. Travacoin is a digital payment system which enables airlines to refund and compensate passengers in a timely manner when a disruption occurs.
Passengers will be notified of a delay or cancellation and refunded in this digital currency, which can be used to repurchase airline tickets, book hotels and avail other airport and travel related services. Passengers will benefit by way of a significant reduction in the waiting time for compensation. In addition, passengers can use Travacoins at retail stores in and around the airport and avail attractive discounts offered by retail partners.
Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

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Dr Reddy’s Lab to spend upto $300 million on R&D in FY20

May 20 2019 10:34PM


Dr Reddy’s Laboratories is planning to spend upto $300 million on research and development (R&D) during financial year 2019-2020 (FY20). The R&D spends for the January-March quarter of FY19 is $53 million.
The company will continue to focus on R&D for some interesting pipeline of proprietary products. But, on an overall basis, the R&D spend would be lower in proprietary products when compared to previous year.
Dr. Reddy's Laboratories is a multinational pharmaceutical company based in Hyderabad, Telangana in India. It manufactures and markets a wide range of pharmaceuticals in India and overseas.

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Karnataka Bank launches KBL SB Salary scheme in 3 Variants

May 20 2019 10:33PM

Karnataka Bank has launched a new Savings Bank product ‘KBL SB Salary’ a customized SB product for salaried Class with 3 variants namely, SB Salary Executive, SB Salary Prime and SB Salary Classic.
All these 3 variants of KBL SB Salary Scheme are available for the salaried People with a host of Digitally Powered features and without any Minimum Balance Criteria. No annual charge on Debit Cards, Unlimited free access to Karnataka Bank ATMs, Free Cash Deposit facility across all branches, Free Fund Transfer within the Bank, Free NEFT & RTGS through Internet and Mobile Banking, Free outstation Cheque Collection, No Annual Fee on Demat & Trading Accounts are some of the major features of these Schemes.
Additionally, for the women employees, in the top most category of Salary Scheme, an Insurance Coverage up to Rs 50,000 against snatching, theft and burglary of their jewellery is made available, free of cost.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.



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Total consolidated income of the company fall 4.76% at Rs 87,285.64 crore for quarter ended March 31, 2019

May 20 2019 10:32PM

The company has reported a net profit at Rs 106.19 crore for the quarter ended March 31, 2019 against net loss of Rs 499.94 crore for the same quarter in the previous year. However, total income of the company decreased by 7.21% at Rs 18,981.21 crore for quarter under review as compared to Rs 20,456.34 crore for the quarter ended March 31, 2018.
On consolidated basis, the company has reported fall of 49.03% in its net profit at Rs 1,108.66 crore for the quarter ended March 31, 2019 as compared to Rs 2,175.16 crore for the corresponding quarter in the FY18. Total consolidated income of the company fall 4.76% at Rs 87,285.64 crore for quarter under review as compared to Rs 91,643.44 crore for the same quarter ended previous year. 
For the year ended March 31, 2019, the company has posted a net profit of Rs 2020.60 crore against net loss of Rs 1,034.85 crore for the previous year. Total income of company increased 17.28% at Rs 71,757.42 crore for year under review as compared to Rs 61,182.29 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has posted a net loss of Rs 28,724.20 crore against net profit of Rs 8,988.91 crore for the previous year. However, total income of company increased marginally by 2.90% at Rs 3,04,903.71 crore for year under review as compared to Rs 2,96,298.23 crore for year ended March 31, 2018.

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Jubilant Foodworks reports 9% rise in Q4 net profit

May 15 2019 11:31PM

The company has reported a rise of 8.64% in its net profit at Rs 73.95 crore for the quarter under review as compared to Rs 68.07 crore for the same quarter in the previous year. Total income of the company increased by 11.08% at Rs 880.34 crore for Q4FY19 as compared Rs 792.56 crore for the corresponding quarter previous year.
For the year ended March 31, 2019, the company has reported a rise of 56.40% in its net profit at Rs 322.80 crore as compared to Rs 206.40 crore for the previous year. Total income of the company increased by 19.13% at Rs 3,577.58 crore for year under review as compared to Rs 3,003.16 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 62.04% in its net profit at Rs 317.98 crore as compared to Rs 196.23 crore for the previous year. Total income of the company increased by 18.71% at Rs 3,610.51 crore for year under review as compared to Rs 3,041.48 crore for year ended March 31, 2018.

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Lupin to review US lawsuit accusing it of price fixing

May 15 2019 11:30PM

Lupin is reviewing the details of a lawsuit filed in a US court accusing 21 generic medicine producers of hatching a conspiracy to fix prices. The company has been a key pharmaceutical player in the US and has demonstrated full commitment to compliance with all laws and ethical business practices. 
Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and APIs globally.

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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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HSBC MF introduces Overnight Fund

May 22 2019 11:22PM

HSBC Mutual Fund (MF) has launched the HSBC Overnight Fund, an open ended debt scheme. The NFO opens for subscription on May 21, 2019 and closes on May 22, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 per application and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Overnight Index and its fund manager is Kapil Punjabi.
The investment objective of the scheme is to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities.

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Invesco MF introduces Fixed Maturity Plan

May 22 2019 11:21PM


Invesco Mutual Fund (MF) has launched the Invesco India Fixed Maturity Plan-Series 34-Plan C, a close ended debt scheme. The NFO opens for subscription on May 21, 2019 and closes on May 27, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 1000 per application and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Nitish Sikand.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme.

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UTI MF introduces Fixed Term Income Fund Series

May 20 2019 10:37PM

UTI Mutual Fund (MF) has launched the UTI-Fixed Term Income Fund Series XXXI-XV (1099 Days), a close ended debt scheme. The NFO opens for subscription on May 20, 2019 and closes on June 03, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 10 under all the plans/options.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Sunil Patil.
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.

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DSP MF introduces Quant Fund

May 20 2019 10:36PM

DSP Mutual Fund (MF) has launched the DSP Quant Fund, an open ended equity scheme. The NFO opens for subscription on May 20, 2019 and closes on June 03, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 500 and any amount thereafter.
The scheme’s performance will be benchmarked against S&P BSE 200 TRI Index and its fund manager is Anil Ghelani.
The investment objective of the scheme is to deliver superior returns as compared to the underlying benchmark over the medium to long term through investing in equity and equity related securities. The portfolio of stocks will be selected, weighed and rebalanced using stock screeners, factor based scoring and an optimization formula which aims to enhance portfolio exposures to factors representing ‘good investing principles’ such as growth, value and quality within risk constraints.

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Tata Mutual Fund files offer document for Fixed Maturity Plan

May 20 2019 10:35PM


Tata Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named ‘Tata Fixed Maturity Plan - Series 58 (Scheme A to Scheme E)'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil .The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore. 
The performance of the scheme for schemes of maturity upto 91 days will be benchmarked by  Crisil Liquid Fund Index; for schemes of maturity between 3 months to 6 months will be benchmarked by Crisil Ultra Short Term Debt Index, for schemes of maturity between 6 months to 12 months will be benchmarked by Crisil Low Duration Debt Index, for schemes of maturity between 12 months to 36 months will be benchmarked by Crisil Short Term Bond Fund Index, for schemes of maturity between 36 months to 48 months will be benchmarked by Crisil Medium Term Debt Index, for schemes of maturity above 48 months will be benchmarked by Crisil Medium to Long Term Debt Index. The minimum application amount for initial purchase is Rs 5000 and Re 1 thereafter.
The investment objective of the scheme is to generate income and / or capital appreciation by investing in Fixed income Instruments having maturity in line with the maturity of the respective schemes. 

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Motilal Oswal Mutual Fund files offer document for Nifty Smallcap 250 Fund

May 15 2019 11:33PM


Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘Motilal Oswal Nifty Smallcap 250 Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load will be 1%- If redeemed on or before 3 months from the date of allotment, and it will be Nil- If redeemed after 3 months from the date of allotment. The scheme offers growth options and seeks to collect a Minimum Target Amount of Rs 10 crore. 
The performance of the scheme will be benchmarked against Nifty Smallcap 250 Index. The minimum application amount for initial purchase is Rs 500 and Re 1 thereafter.
The investment objective of the scheme is to seek investment return that corresponds (before fees  and expenses) generally to the performance of the Nifty Smallcap 250 Index (Underlying Index), subject to tracking error. 

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ICICI Pru MF introduces Fixed Maturity Plan-Series 86-95 Days Plan E

May 15 2019 11:32PM

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Fixed Maturity Plan-Series 86-95 Days Plan E, a close ended debt scheme. The NFO opens for subscription on May 15, 2019 and closes on May 16, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Ultra Short Term Debt Index and its fund managers are Rahul Goswami and Rohan Maru.
The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.

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Motilal Oswal Mutual Fund files offer document for Nifty Smallcap 250 Fund

May 14 2019 10:13PM

Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘Motilal Oswal Nifty Smallcap 250 Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load will be 1%- If redeemed on or before 3 months from the date of allotment, and it will be Nil- If redeemed after 3 months from the date of allotment. The scheme offers growth options and seeks to collect a Minimum Target Amount of Rs 10 crore. 
The performance of the scheme will be benchmarked against Nifty Smallcap 250 Index. The minimum application amount for initial purchase is Rs 500 and Re 1 thereafter.
The investment objective of the scheme is to seek investment return that corresponds (before fees  and expenses) generally to the performance of the Nifty Smallcap 250 Index (Underlying Index), subject to tracking error. 





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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 exhibits decent gain; surpasses 11,700 mark

May 22 2019 11:17PM


S&P CNX Nifty exhibited a decent pull-back in Wednesday’s trade after a steep fall on yesterday, ending with a quarter percent gain. Market made a slightly positive start, as traders took some support with the Organisation for Economic Co-operation and Development (OECD) in its Economic Outlook stating that India’s economic growth will regain strength and approach 7.5% by 2020 buoyed by rural consumption and subdued inflation. It added that this growth will come from higher domestic demand due to improved financial conditions, fiscal and quasi-fiscal stimulus, including new income support measures for rural farmers, and recent structural reforms. Sentiment on the street improved with a private report that land and labour reforms, privatisation and export promotion would be at the top of agenda of the new government irrespective of which party or coalition takes charge after the poll results on May 23.
The index continued the gaining monument in the afternoon session, taking support with United Nations’ (UN) report which stated that the India's economy is projected to grow at 7.1% in current financial year (FY20) on the back of strong domestic consumption and investment. It projected the economy will grow 7% in last financial year (FY19). Market gave up major gains in last leg of the session and came off its intraday high points, as traders remained on sidelines ahead of final results of the 2019 Lok Sabha elections to be declared on May 23.
All sectoral indices ended in green on NSE except FMCG, IT and Media. The top gainers from the F&O segment were Reliance Power, Allahabad Bank and Bharat Financial Inclusion. On the other hand, the top losers were Dewan Housing Finance Corporation, Jindal Steel & Power and Bosch. In the index option segment, maximum OI continues to be seen in the 11,900-12,100 calls and 10,800-11,200 puts indicating this is the trading range expectationIndia Volatility Index (VIX), a gauge for market’s short term expectation of volatility increased by 7.72% and reached 27.63. The 50-share Nifty was up by 28.80 points or 0.25% to settle at 11,737.90.
Nifty May 2019 futures closed at 11781.65 on Wednesday, at a premium of 43.75 points over spot closing of 11737.90, while Nifty June 2019 futures ended at 11822.70, at a premium of 84.80 points over spot closing. Nifty May futures saw an addition of 0.98 million (mn) units, taking the total outstanding open interest (OI) to 17.66 mn units. The near month derivatives contract will expire on May 30, 2019.
From the most active contracts, IndusInd Bank May 2019 futures traded at a discount of 2.65 points at 1525.35 compared with spot closing of 1528.00. The numbers of contracts traded were 91,179.
Reliance Industries May 2019 futures traded at a premium of 1.45 points at 1345.45 compared with spot closing of 1344.00. The numbers of contracts traded were 35,811.
Yes Bank May 2019 futures traded at a discount of 0.85 points at 138.05 compared with spot closing of 138.90. The numbers of contracts traded were 31,557.
Dewan Housing Finance Corporation May 2019 futures traded at a discount of 0.35 points at 116.90 compared with spot closing of 117.25. The numbers of contracts traded were 26,109.
ICICI Bank May 2019 futures traded at a premium of 0.80 points at 406.20 compared with spot closing of 405.40. The numbers of contracts traded were 23,936.
Among Nifty calls, 12,000 SP from the May month expiry was the most active call with an addition of 0.17 million open interests. Among Nifty puts, 11,500 from the May month expiry was the most active put with an addition of 0.33 million open interests. The maximum OI outstanding for Calls was at 12,000 SP (3.78mn) and that for Puts was at 11,000 SP (3.92 mn). The respective Support and Resistance levels of Nifty are: Resistance 11,787.67 ---- Pivot Point 11,735.03 --- Support --- 11,685.27.
The Nifty Put Call Ratio (PCR) finally stood at 0.86 for May month contract. The top five scrips with highest PCR on OI were Shree Cement (4.00), Page India (2.25), Bosch (1.39), Petronet LNG (1.32) and SRF (1.25).
Among most active underlying, IndusInd Bank witnessed an addition of 0.67 million units of Open Interest in the May month futures contract, followed by Reliance Industries witnessing a contraction of 0.98 million units of Open Interest in the May month contract, State Bank of India witnessed an addition of 0.37 million units of Open Interest in the May month contract, ICICI Bank witnessed a contraction of 2.53 million units of Open Interest in the May month contract and HDFC Bank witnessed an addition of 0.44 million units of Open Interest in the May 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]

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