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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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Sintex Industries tumbles after weak Q3 outcome

Jan 20 2017 4:59PM


The result was announced during trading hours today, 20 January 2017.Meanwhile, the BSE Sensex was down 251.51 points, or 0.92%, to 27,057.09.
On the BSE, so far 14.76 lakh shares were traded in the counter, compared with average daily volumes of 5.64 lakh shares in the past one quarter. The stock had hit a high of Rs 90 and a low of Rs 81.95 so far during the day.
The stock hit a 52-week high of Rs 91.80 on 30 October 2016. The stock hit a 52-week low of Rs 62.36 on 12 February 2016.
Sintex Industries makes a range of building materials and composites at its 16 plants in India. The company also makes men's shirting in premium fashion category.

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Atul slips after weak Q3 earnings

Jan 20 2017 4:59PM

On the BSE, so far 61,000 shares were traded in the counter, compared with average daily volumes of 4,895 shares in the past one quarter. The stock had hit a high of Rs 2,290 and a low of Rs 2,109.25 so far during the day.
The stock hit a 52-week high of Rs 2,489.10 on 21 October 2016. The stock hit a 52-week low of Rs 1,275.20 on 17 February 2016.
Atul is one of the largest integrated chemical companies of India.

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Mafatlal Industries gains after bulk deal

Jan 20 2017 4:58PM

The small-cap company has equity capital of Rs 13.91 crore. Face value per share is Rs 10.
Mafatlal Industries' net profit surged 290.1% to Rs 10.26 crore on 7.65% rise in net sales to Rs 294.86 crore in Q2 September 2016 over Q2 September 2015.
Mafatlal Industries is engaged in manufacture of plain and pattern woven, yarn and piece dyed, and printed fabrics for apparel, bedding and furnishing, from cotton and blends with polyester.

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Idea Cellular gains after bulk deal

Jan 19 2017 4:14PM

The stock had hit a 52-week high of Rs 128.05 on 28 April 2016. The stock had hit a 52-week low of Rs 66 on 9 November 2016. The stock had underperformed the market over the past 30 days till 18 January 2017, sliding 7.85% compared with the 3.61% rise in the Sensex. The scrip also underperformed the market in past one quarter, declining 13.79% as against Sensex's 3.10% decline.
The large-cap company has equity capital of Rs 3601.03 crore. Face value per share is Rs 10.
Idea Cellular's consolidated net profit slumped 88% to Rs 91.46 crore on 8.05% rise in total income to Rs 9535.01 crore in Q2 September 2016 over Q2 September 2015.
Idea Cellular is one of the leading telecom operators in India. It is a part of the Aditya Birla Group.

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United Spirits slips on profit booking

Jan 19 2017 4:14PM


The large-cap company has equity capital of Rs 145.33 crore. Face value per share is Rs 10.
Shares of United Spirits rose 10.40% in the four trading sessions to settle at Rs 2109.60 yesterday, 18 January 2017, from its close of Rs 1910.75 on 12 January 2017.
Shares of United Spirits rose 1.43% to Rs 2,109.60 yesterday, 18 January 2017, after media reported that Diageo Plc is considering increasing its majority stake in Indian whiskey producer United Spirits. Diageo is reportedly planning an open offer to the other shareholders in United Spirits.
Relay B.V., an indirect wholly-owned subsidiary of Diageo Plc, holds 54.78% stake in United Spirits (as per the shareholding pattern as on 31 December 2016). Under Indian stock market regulations, Diageo could raise its stake to just under 75% without triggering a delisting offer.
Diageo gained complete control of the board of United Spirits post the exit of Dr Vijay Mallya from his position as chairman and non-executive director of United Spirits in February 2016.
Net profit of United Spirits rose 15.9% to Rs 82.54 crore on 7.7% rise in net sales to Rs 2037.70 crore in Q2 September 2016 over Q2 September 2015.
United Spirits makes alcoholic beverages. It is a subsidiary of British multinational Diageo plc.

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Yes Bank logs slim gains in choppy trade after good Q3 result

Jan 19 2017 4:13PM

The stock had hit a record high of Rs 1,450 on 7 September 2016 and a 52-week low of Rs 632.25 on 20 January 2016. The stock had outperformed the market over the past 30 days till 18 January 2017, rising 17.28% compared with the 3.61% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 2.87% as against Sensex's 3.10% decline.
The large-cap private sector bank has equity capital of Rs 423.16 crore. Face value per share is Rs 10.
The bank's gross non-performing assets (NPA) edged higher to Rs 1005.85 crore as on 31 December 2016 from Rs 916.68 crore as on 30 September 2016 and Rs 558.57 crore as on 31 December 2015.
The bank's ratio of gross NPAs to gross advances rose to 0.85% as on 31 December 2016, from 0.83% as on 30 September 2016 and 0.66% as on 31 December 2015.
The bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.29% as on 31 December 2016, compared with 0.29% as on 30 September 2016 and 0.22% as on 31 December 2015.
Provisions and contingencies dropped 22.01% to Rs 115.38 crore in Q3 December 2016 over Q3 December 2015. The provisioning coverage ratio as on 31 December 2016 stood at 66%.
Current and Savings Account (CASA) ratio improved to 33.3% as at 31 December 2016 from 26.6% as at 31 December 2015.
Net Interest Income (NII) increased by 30.3% to Rs 1507.50 crore in Q3 December 2016 over Q3 December 2015, on account of growth in advances & CASA and expansion in net interest margin (NIM). NIM expanded to 3.5% in Q3 December 2016 from 3.4% in Q3 December 2015.
Non Interest Income increased by 33.8% to Rs 998.30 crore in Q3 December 2016 over Q3 December 2015.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 15.6% as on 31 December 2016, compared with 14.1% as on 30 September 2016 and 14.9% as on 31 December 2015.
Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, Yes Bank said that the bank has delivered another quarter of satisfactory performance across key financial parameters of growth and profitability, while maintaining healthy asset quality.
Yes Bank is India's fifth largest private sector bank. The bank's branch network stands at 964 branches as on 31 December 2016. Total ATM network stood at 1,757 as on 31 December 2016.


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Swan Energy gains after receiving EOI for subsidiary's stake

Jan 18 2017 1:45PM

The stock hit a record high of Rs 213.40 on 14 December 2016. The stock hit a 52-week low of Rs 57.50 on 16 May 2016. The stock had outperformed the market over the past 30 days till 17 January 2017, rising 7.24% compared with the 3.26% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 69.58% as against Sensex's 2.68% decline.
The mid-cap company has equity capital of Rs 22.12 crore. Face value per share is Re 1.
Swan Energy's net profit jumped 1170.6% to Rs 2.16 crore on 1.6% growth in net sales to Rs 96.09 crore in Q2 September 2016 over Q2 September 2015.
Swan Energy is engaged in the manufacturing of textile products. The company is also engaged in the real estate development and energy businesses.

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Reliance Defence gains after delivering bulk carrier to international client

Jan 18 2017 1:44PM

On the BSE, so far 2.28 lakh shares were traded in the counter, compared with average daily volumes of 6.34 lakh shares in the past one quarter. The stock had hit a high of Rs 58.20 and a low of Rs 56.65 so far during the day.
The stock hit a 52-week high of Rs 81.15 on 21 January 2016. The stock hit a 52-week low of Rs 48.40 on 22 November 2016. The stock had underperformed the market over the past 30 days till 17 January 2017, rising 2.99% compared with the 3.26% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.34% as against Sensex's 2.68% decline.
The mid-cap company has equity capital of Rs 736.21 crore. Face value per share is Rs 10.
Reliance Defence and Engineering (RDEL) said it delivered yet another 74,500 deadweight tonage (DWT) new-built ice-class Panamax bulk carrier, ‘Sea Amber', on 17 January 2017 to an international customer.
Reliance Shipyard has delivered till date seven similar size, ice-class Panamax vessels to its international customers. The ship has been built as per one of the best-in-class international standards meeting the toughest environmental emission norms as well as fuel economy (EEDI standard). These are the largest dry bulk carriers of its class ever built in India. RDEL is the only Indian shipyard to achieve this landmark, the company said.
Reliance Defence & Engineering reported net loss of Rs 116.29 crore in Q2 September 2016 as against net loss of Rs 170.49 crore in Q2 September 2015. Net sales rose 86.3% to Rs 96.85 crore in Q2 September 2016 over Q2 September 2015.
Reliance Defence and Engineering (RDEL) has the largest engineering infrastructure in India and is one of the largest in the world. The company is the first private sector company in India to obtain the licence and contract to build warships.

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Board of Rasoi to consider December quarter results

Jan 20 2017 5:02PM

Rasoi announced that a Meeting of the Board of Directors of the Company will be held on 04 February 2017, inter alia, to consider and approve the Un-audited Financial Results of the Company for the quarter and nine months ended 31 December 2016

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Board of RBL Bank approves increase in authorised share capital

Jan 20 2017 5:01PM

RBL Bank announced that the Board of Directors of the Company at its meeting held on 20 January 2017 has approved increase in authorised capital of the Bank from Rs 400 crore dividend into 40 crore equity shares of Rs 10 each to Rs 700 crore dividend into 70 crore equity shares of Rs 10 each.

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Board of Kiri Industries to consider December quarter results

Jan 20 2017 5:00PM

Kiri Industries announced that a meeting of Board of Directors of the Company is scheduled to be held on 28 January 2017, to consider, approve and take on record the Unaudited Financial Results for the quarter ended on 31 December 2016.

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Fortune Financial Services (India) to announce Q3 and 9M results

Jan 19 2017 4:17PM

Fortune Financial Services (India) announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider and approve the un-audited (consolidated and Stand-alone) financial results of the Company for the quarter and nine months ended on 31 December 2016

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Carborundum Universal allots 10,000 shares

Jan 19 2017 4:16PM

Carborundum Universal has allotted 10,000 shares of Re. 1/- each arising out of the exercise of stock options, granted to the option grantees of the Company under the Employees Stock Option Scheme 2007 on 19 January 2017.With this allotment the number of equity shares outstanding is 188,634,590 and the paid-up equity share capital is Rs. 188,634,590/-.

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Board of Lotus Chocolate Company to consider change in CFO and change in company secretary

Jan 18 2017 1:48PM

Lotus Chocolate Company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 January 2017, inter alia, to consider the following:1. To accept the Resignation of Ganeswara Rao Kommula as Chief Financial Officer (CFO) of the Company with effect from 31 December 2016.
2. To accept the Resignation of U.V. Kini as Company Secretary and Compliance Officer of the Company with effect from 31 December 2016.
3. To Appoint Ravikumar Pasapula as Chief Financial Officer of the Company with effect from 02 January 2017.
4. To appoint Babita Chandrakar as Company Secretary and Compliance Officer of the Company with effect from 02 January 2017.

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Board of Tejnaksh Healthcare approves bonus issue

Jan 18 2017 1:48PM

Tejnaksh Healthcare announced that the Board of Directors of the Company at its meeting held on 18 January 2017, inter alia, has transacted the following:1. Issue of Bonus Equity Shares:
In accordance of Section 63 of Companies Act, 2013, the Board of Directors has decided to issue Bonus Equity Shares to the existing Shareholders of the Company in the ratio of 1:1, subject to the approval of Members through Postal Ballot & E-voting.
2. Increase in the Authorised Share Capital:
In accordance of Section 61 of Companies Act, 2013, the Board of Directors has decided to increase in the Authorised Share Capital of the Company from Rs. 1.50 crore to Rs. 3.00 crore, subject to the approval of Members through Postal Ballot & E-voting.

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Siemens launches new range of energy efficient motor - SIMOTICS 1LE7

Jan 18 2017 1:46PM

Siemens announced the launch of its new range of energy efficient motor SIMOTICS 1LE7. The new SIMOTICS 1LE7 range of motors is the newest entrant in the existing range of motors offered by Siemens in India. These motors offer efficiency values higher than the IE3 standards - which is currently the highest efficiency class as recognized by Indian Standards.Siemens SIMOTICS 1LE7 motors are capable of offering an average monetary savings of up to 8 – 20% depending on the frame size. Apart from generating savings, the SIMOTICS 1LE7 range of motors will assist customers to reduce lifecycle costs, and meet environmental regulations.




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Axis Enhanced Arbitrage Fund Announces Dividend

Jan 20 2017 5:04PM

Axis Mutual Fund has announced 25 January 2017 as the record date for declaration of dividend under the regular plan-dividend option & direct plan-dividend option of Axis Enhanced Arbitrage Fund. The quantum of dividend will be Re 0.05 per unit under each plan on the face value of Rs 10 per unit.

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HDFC Prudence Fund Announces Dividend

Jan 20 2017 5:03PM

HDFC Mutual Fund has announced 25 January 2017 as the record date for declaration of dividend under the regular plan-dividend option (payout & reinvestment) and direct plan-dividend option (payout & reinvestment) of HDFC Prudence Fund. The amount of dividend will be Rs 0.30 per unit under each plan / option on the face value of Rs 10 per unit.

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HDFC FMP 369D January 2014 (1) Announces Dividend

Jan 19 2017 4:18PM

HDFC Mutual Fund has announced 24 January 2017 as the record date for declaration of dividend on the face value of Rs 10 per unit under direct plan –normal dividend option, direct plan-quarterly dividend option regular plan-normal dividend option & regular plan-quarterly dividend option of HDFC FMP 369D January 2014 (1). The amount of dividend will be distributable surplus, as reduced by applicable statutory levy.

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Sundaram Select Micro Cap – Series XII Floats On

Jan 19 2017 4:17PM


Sundaram Mutual Fund has launched a new fund named as Sundaram Select Micro Cap – Series XII, a closed-end equity scheme. The tenure of the scheme is 4 years from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 19 January and closes on 02 February 2017.The objective of the Scheme would be to generate capital appreciation by investing predominantly in equity/ equity-related instruments of companies that can be termed as micro-caps.
The scheme offers dividend payout and growth option.
The scheme will invest 80%-100% in equity & equity related securities of companies of micro-caps, invest upto 20% of assets in other equity (including investment in derivatives of large caps) with high risk profile and invest upto 20% of assets in fixed income & money market securities with low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
Entry load: Nil
Exit load: Not applicable.
The scheme's performance will be benchmarked against S&P BSE Small Cap Index.
The fund managers of the scheme are S Krishnakumar & Dwijendra Srivastava.

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Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXXII

Jan 18 2017 1:50PM


Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXXII – Series 7, a close ended income scheme with the duration of 1376 days from the date of allotment. During the New Fund Offer (NFO), the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 18 January and close on 25 January 2017.The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
The scheme offers growth and dividend payout option under both regular plan and direct plan.
The scheme will allocate upto 10% of its assets in money market instruments with low risk profile and invest 90%-100% of its assets in government securities & debt instruments with low to medium 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 and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is Crisil Composite Bond Fund Index.
The fund manager of the scheme will be Amit Tripathi.

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

Jan 18 2017 1:50PM

Reliance Mutual Fund has unveiled a new fund named as Reliance Dual Advantage Fixed Tenure Fund X – Plan F, a close ended hybrid scheme with the duration of 1335 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 18 January and close on 01 February 2017.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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DHFL Pramerica MF Announces change in fund managers

Jan 5 2017 5:24PM


DHFL Pramerica Mutual Fund has announced the following change in the fund managers of certain schemes of the fund, with effect from 05 January 2017.Accordingly, DHFL Pramerica Short Term Floating Rate Fund will be jointly managed by Rakesh Suri & Nitish Gupta and DHFL Pramerica Credit Opportunities Fund will be managed by Kumaresh Ramakrishnan.

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Reliance Fixed Horizon Fund – XXXII – Series 6 Floats On

Jan 5 2017 5:24PM

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXXII – Series 6, a close ended income scheme with the duration of 1318 days from the date of allotment. During the New Fund Offer (NFO), the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription only on 05 January 2017.The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
The scheme offers growth and dividend payout option under both regular plan and direct plan.
The scheme will allocate upto 10% of its assets in money market instruments with low risk profile and invest 90%-100% of its assets in government securities & debt instruments with low to medium 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 and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is Crisil Composite Bond Fund Index.
The fund manager of the scheme will be Amit Tripathi.

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White metal loses shine on global cues

Jan 20 2017 5:07PM

Silver futures fell during evening trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal amid caution ahead of the inauguration of the US President-elect Donald Trump later in the day.
However, the US Fed Chair Janet Yellen took a less hawkish stance on Thursday, suggesting the US central bank raise interest rates, albeit slowly, so as to not risk harm to the recovery the Fed has sought to nurture, restricted further fall in prices of silver at futures trade.
At the MCX, silver futures for March 2017 contract is trading at Rs 41125 per kg, down by 0.35 per cent, after opening at Rs 41384, against a previous close of Rs 41270. It touched the intra-day low of Rs 41115

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Copper futures in reverse gear

Jan 20 2017 5:05PM

Copper futures fell during evening trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal amid caution ahead of the US President-elect Donald Trump's inauguration later in the day even as China's impressive Q4 GDP growth.
China's GDP reported better-than-expected growth in Q4 by expanding 6.8 per cent, outpacing market forecast of 6.7 per cent, helped by higher government spending and record bank lending.
At the MCX, copper futures for February 2017 contract is trading at Rs 391.25 per kg, down by 0.41 per cent, after opening at Rs 393.85, against a previous close of Rs 392.85. It touched the intra-day low of Rs 389.75

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Copper futures up on China growth hopes, strong US data

Jan 19 2017 4:20PM

Copper futures rose during evening trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal on expectations of strong demand in top consumer China along with positive US economic signals.
According to Reuters poll, during the fourth quarter, Chinese economy is expected to grew by a steady 6.7 per cent, the same as in previous three quarters, helped by government spending and record bank lending.
Moreover, US data showed that December consumer prices rose the most y-o-y in 2-1/2 years as households paid more for gasoline and rent, signalling that inflationary pressures could be building, supported copper prices at futures trade.
At the MCX, copper futures for February 2017 contract is trading at Rs 394.50 per kg, up by 0.14 per cent, after opening at Rs 395.40, against a previous close of Rs 393.95. It touched the intra-day high of Rs 396.90





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White metal loses shine on Fed rate hike concerns

Jan 19 2017 4:20PM

Silver futures plunged by more than 1 per cent during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the precious metal as US dollar strengthened against a basket of other currencies after Fed Chair Janet Yellen advocated lifting the US interest rates gradually this year.
Federal Reserve Chair Janet Yellen said on Wednesday that, with the US economy close to full employment and inflation headed toward the Federal Reserve's 2 per cent goal, it ‘makes sense’ for the US central bank to gradually lift interest rates.
At the MCX, silver futures for March 2017 contract is trading at Rs 41,368 per kg, down by 1.50 per cent, after opening at Rs 41704, against a previous close of Rs 41997. It touched the intra-day low of Rs 41165

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Lead futures keep head above water

Jan 18 2017 1:53PM

Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the industrial metal amid pick up 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 January 2017 contract is trading at Rs 155.80 per kg, up by 0.19 per cent, after opening at Rs 154.75, against a previous close of Rs 155.50. It touched the intra-day high of Rs 156.20

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Crude oil futures in reverse gear

Jan 18 2017 1:53PM

Crude oil futures fell during afternoon trade in the domestic market on Wednesday as investors and speculators exited their positions in the energy commodity on worries over global crude glut on the back of rising US output and doubts that Opec and non-Opec producers would adhere to commitments to trim crude production to support higher prices.
Further, participants remained warry amid fears over US policy ahead of the President-elect Trump's inauguration on January 20.
However, top crude oil exporter Saudi Arabia said it would strictly adhere to its commitment to cut crude production as per the deal between Opec and non-Opec producers like Russia, restricted further fall in crude oil prices at futures trade.
At the MCX, crude oil futures for January 2017 contract is trading at Rs 3583 per barrel, down by 0.33 per cent, after opening at Rs 3577, against a previous close of Rs 3595. It touched the intra-day low of Rs 3571

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Aluminium futures slip 0.30% on muted physical demand

Dec 26 2016 1:20PM

Aluminium futures were trading lower during morning trade in the domestic market on Monday as participants remained on the sidelines in the industrial metal amid subdued physical demand for aluminium at the domestic spot market. Further, sluggish physical demand for aluminium at the domestic spot market was due to trimming of 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 117.40 per kg, down by 0.30 per cent, after opening at Rs 117.45, against a previous close of Rs 117.75. It touched the intra-day low of Rs 116.95

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Sluggish physical demand bites lead

Dec 26 2016 1:17PM

Lead futures plunged over 2 per cent during morning trade in the domestic market on Monday as investors and speculators indulged in trimming their positions in the industrial metal amid diminishing physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in the 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 135.65 per kg, down by 2.16 per cent, after opening at Rs 135.65, against a previous close of Rs 138.65. It touched the intra-day low of Rs 135.10

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Post-Session: Sensex ends 274 pts lower on Trump jitters; Axis Bank dips 7%

Jan 20 2017 8:34PM

The Indian equities ended lower on Friday, weighed down by losses in index heavyweights such as Axis Bank, Adani Ports, Tata Steel, ICICI Bank, SBI, L&T and Infosys, as investors remained wary ahead of the US President-elect Donald Trump taking charges later today. On the sectoral front, metal, realty, PSU, power, capital goods, banks and auto stocks witnessed hefty selling. The market exports opined that Trump policy stance would affect Indian exports industry, especially IT and Pharma, which have a significant contribution to Indian economy. 
The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27034.5, down by 274.1 points or by 1.00 per cent, and the NSE Nifty ended at 8349.35, down by 85.75 points or by 1.02 per cent. 
During the day’s trade, the BSE Sensex touched intraday high of 27264.41 and intraday low of 27009.81, while the NSE Nifty touched intraday high of 8423.65 and intraday low of 8340.95. 
Axis Bank plunged nearly 7 per cent after the private sector lender reported a sharp fall of 73.4 per cent in its net profit after tax at Rs 579.57 crore on year-on-year basis for the third quarter ended December 31, 2016, as its asset quality worsened. 
The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 450.50,-6.86%), Adani Ports & Special Economic Zone Ltd. (Rs. 284.40,-3.59%), State Bank of India (Rs. 251.00,-2.83%), Tata Steel Ltd. (Rs. 454.60,-2.68%), ICICI Bank Ltd. (Rs. 263.40,-2.34%), among others. 
On the flip side, Bharti Airtel Ltd. (Rs. 320.70,+1.31%), ITC Ltd. (Rs. 255.45,+0.59%), Asian Paints Ltd. (Rs. 964.15,+0.43%), Bajaj Auto Ltd. (Rs. 2702.00,+0.22%), HDFC Bank Ltd. (Rs. 1236.65,+0.15%), were among top gainers on BSE. 
On the sectoral front, all the indices ended in negative terrain, barring FMCG, with metal and PSU indices emerging as top losers, falling as much as 2.37 per cent and 1.97 per cent respectively. 
The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3051, shares advanced were 924 while 1922 shares declined and 205 were unchanged.

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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]