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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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Byke Hospitality acquires 2 properties on long term lease

Sep 22 2016 5:46PM

Byke Hospitality Ltd on Thursday said it has acquired two new properties in Jaipur and Mumbai respectively on long term lease.

In a filing to the Bombay Stock Exchange, the company said, “Acquisition of two new properties on long term Lease.”

It has acquired ‘The Byke - Grassfield Riviera’ in Jaipur, which has 80 well appointed rooms and other high tech amenities and services.

Further, it has acquired another property ‘Hotel Delotel’ in Borivalion long term lease, which has 40 well appointed rooms and other high tech amenities and services.

Meanwhile, shares of the company closed at Rs 163.70 apiece, up 1.68 per cent, from previous close on BSE.

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Airtel to launch 4G service in 100 towns of HP

Sep 22 2016 5:45PM

Bharti Airtel today said it plans to soon launch 4G services in over 100 towns across Himachal Pradesh, reported PTI.

Customers can also upgrade their existing 2G/3G SIMs with 4G ready USIMs completely free of cost at any Airtel retail store, a company statement said.

Airtel 4G is currently available to customers in Shimla, Baddi, Mandi and Solan.

Manu Sood, Hub CEO - Upper North, Bharti Airtel said, "We are inviting data savvy customers across Himachal Pradesh to be 4G ready with a simple upgrade to an Airtel USIM. We look forward to serving our customers with world-class services on Airtel 4G network.

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ATV Projects - Updates on Outcome of AGM

Sep 20 2016 3:07PM

ATV Projects India Ltd has informed BSE that all the resolutions set out in the 29th AGM Notice were approved by requisite majority and manner of approval was taken in form of Remote E-voting from August 30, 2016 to September 01 and Poll was taken at the Venue AGM at Tejpal Auditorium, Gowalia Tank, Near August Kranti Marg, Mumbai - 400007, on September 02, 2016.

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SpiceJet introduces new flights from Kolkata starting Oct 4

Sep 20 2016 3:05PM

Taking advantage of a tax rebate on aviation turbine fuel of the West Bengal government, low-cost airline SpiceJet announced a number of new flight services from the city, reported PTI.

State Finance Minister Amit Mitra said under a new state government policy, any additional or new flight from Kolkata would attract a 15-per cent tax on aviation turbine fuel, the lowest among all the metros.

"The rate is 30 per cent but we have decreased it to 15 per cent. In Delhi, it is 20 per cent and in Mumbai, it is 25 per cent," he told reporters as per the PTI..

"This is an opportunity of window for lower taxes. You get competitive advantage," Mitra said.

After a meeting with Chief Minister Mamata Banerjee, SpiceJet Chairman and Managing Director Ajay Singh said they would start new flight services to Silchar, Aizawl, Guwahati, Gorakhpur and Vizag from the city starting October 4, just ahead of the Durga Puja festivals.

From December, the airline would start daily direct flight services from Kolkata to Dhaka and Chittagong in Bangladesh, he added.

"We are exploring options of flights to Yangon, Dubai and Sharjah. We will start a second flight to Bangkok in November and another to Jaipur in the near future," Singh said, adding that the airline has seen a "successful turnaround" from the verge of being closed down two years ago.

He also urged the chief minister to request the Centre to implement an old government notification which says small aircraft, with less than 50 seats, will be exempted from landing charges.

"This is not being implemented in Kolkata, Delhi, Mumbai and Chennai. The number of flights can be increased if it is implemented," Singh said.

Banerjee said she would write a letter immediately to the authorities as "connectivity" should increase.

She also requested the airline to consider connecting the eastern metropolis to Europe with direct flights.

"The government will give all possible support in this regard. Our passengers have to go to other cities to go to the UK, France and Germany. You will get a lot of passengers. Our students also go to Europe," she told Singh.

Stating that Bengal is the gateway to north-east India, Nepal, Bhutan, Bangladesh and even the ASEAN countries, she said Andal was not getting flights.

"It is close to the industrial belt of Durgapur, Asansol, Birbhum and also the neighbouring state of Jharkhand. You should review the situation," Banerjee said.

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Novartis - Post Buy back Offer

Sep 20 2016 3:04PM

Ambit Pvt Ltd ("Manager to the Buyback Offer") has submitted to BSE a Copy of Post Buy back Public Announcement in respect of the buy back offer to the Equity Shareholders/ beneficial owners of Equity Shares of Novartis India Ltd ("Target Company.).

This public announcement (the “Post Buyback Public Announcement”) is being made in compliance
with Regulation 19(7) of the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 and subsequent amendments thereof (the “Buyback Regulations”). This Post Buyback Public Announcement should be read in conjunction with the public announcement dated July 13, 2016 (the “Public Announcement”), and the letter of offer dated August 11, 2016 (the “Letter of Offer”). The terms used but not defined in this Post Buyback Public Announcement shall have the same meanings as
assigned in the Public Announcement and the Letter of Offer.

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ICICI Bank gains as ICICI Prudential IPO to open for bidding

Sep 19 2016 10:30AM

On BSE, so far 50,256 shares were traded in the counter, compared with average daily volume of 13.02 lakh shares in the past one quarter. The stock hit a high of Rs 272.60 and a low of Rs 268.10 so far during the day. The stock hit a 52-week high of Rs 292.65 on 16 October 2015. The stock hit a 52-week low of Rs 180.80 on 26 February 2016. The stock had outperformed the market over the past 30 days till 16 September 2016, rising 5.81% compared with 1.69% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 12.25% as against Sensex's 7.41% rise.

The large-cap company has an equity capital of Rs 1163.66 crore. Face value per share is Rs 2.

The initial public offer (IPO) of private sector life insurance company ICICI Prudential Life Insurance Company (ICICI Prudential) opens for bidding today, 19 September 2016. The IPO closes on 21 September 2016. The price band for the IPO has been fixed at Rs 300 to Rs 334 per share. The offer comprises sale up to 18.13 crore equity shares of ICICI Prudential, representing about 12.63% of its equity share capital for cash, through an offer for sale (OFS) by ICICI Bank. The entire proceeds from the OFS will be paid to ICICI Bank.

ICICI Prudential raised Rs 1635.33 crore by selling 4.89 crore shares to 38 anchor investors ahead of the opening of the company's initial public offer (IPO). The shares were allotted to the anchor investors at Rs 334 per share, the top end of the Rs 300 to Rs 334 per share price band for the IPO. Anchor investors allotted shares of ICICI Prudential included Morgan Stanley Mauritius Company, Government of Singapore, UTI Trustee Co, SBI Trustee Co, Birla Sun Life Trustee Company among others.

ICICI Bank's net profit fell 24.99% to Rs 2232.35 crore on 6.06% increase in total income to Rs 16759.51 crore in Q1 June 2016 over Q1 June 2015.

ICICI Bank is one of the leading private sector banks in India

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Axis Bank slips after signing agreement for acquiring partial stake in ACRE

Sep 19 2016 10:28AM

On BSE, so far 58,300 shares were traded in the counter as against average daily volume of 7.07 lakh shares in the past one quarter. The stock hit a high of Rs 606.15 and a low of Rs 595.70 so far during the day. The stock had hit a 52-week high of Rs 638 on 7 September 2016. The stock had hit a 52-week low of Rs 366.65 on 18 January 2016. The stock had underperformed the market over the past 30 days till 16 September 2016, rising 1.37% compared with 1.69% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 14.14% as against Sensex's 7.41% rise.

The large-cap private sector bank has equity capital of Rs 477.89 crore. Face value per share is Rs 2.

Shares of IFCI were up 1.96% to Rs 28.60. Axis Bank said that it has signed a Share Purchase Agreement with IFCI for acquisition of 73.28 lakh equity shares (13.67% of total outstanding shares) of face value of Rs 10 per share in Assets Care and Reconstruction Enterprise (ACRE) from IFCI at Rs 31 per share, resulting in a total cash consideration of Rs 22.72 crore. The transaction is subject to requisite regulatory approvals, including from Reserve Bank of India (RBI), Axis Bank said. The indicative time period for completion of transaction is January 2017, the bank said. ACRE had total assets of Rs 336 crore and total income of Rs 35.90 crore in the year ended 31 March 2016 (FY 2016). ACRE was registered with RBI as a securitisation company.

Seperately, Axis Bank announced revision in its Marginal Cost of Funds based Lending Rate (MCLR) with effect from 17 September 2016. The bank said that its MCLR for overnight loans will be 8.85%, the rate for one month will be 8.9% and for three months it will be 9.1%. The MCLR on 6-month loans will be 9.2% and for one-year loans the rate will be 9.25%, the bank said. MCLR on two-year loans will be 9.35% and for three-year loans the rate will be 9.4%. The announcement was made after market hours on Friday, 16 September 2016.

Axis Bank's net profit fell 21.38% to Rs 1555.53 crore on 13.22% growth in total income to Rs 13852.18 crore in Q1 June 2016 over Q1 June 2015.

Axis Bank is one of the biggest private sector banks in India.

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Vipul surges after receiving environmental clearance for project

Sep 19 2016 10:27AM

On BSE, so far 78,113 shares were traded in the counter compared with an average daily volume of 2.04 lakh shares in the past one quarter. The stock hit a high of Rs 84.50, so far during the day, which is a 52-week high for the stock. The stock hit a low of Rs 78 so far during the day. The stock hit a 52-week low of Rs 40 on 22 March 2016. The stock had outperformed the market over the past one month till 16 September 2016 2016, rising 8.41% compared with Sensex's 1.9% rise. The scrip had also outperformed the market in past one quarter, gaining 38.9% as against Sensex's 7.82% rise.

The small-cap realty firm has equity capital is Rs 12 crore. Face value per share is Re 1.

Vipul said it received environmental clearance from State Environment Impact Assessment Authority, Haryana, for its project Aarohan on Golf Course road in Gurgaon. By June 2016, it had already sold more than 26% of flats in Phase 1 of the project.

Further, the company said it had raised debt from DMI Finance (DMI) to the tune of Rs 175 crore and this money was utilised toward pre-operative expenses of Project Aarohan. With permissions now in place and construction likely to commence soon, Vipul has received sanction for a loan of Rs 275 crore from PNB Housing Finance at an average rate of 13.35% per annum. Part of the amount raised from PNB Housing, will be utilised towards pre-payment of the debt from DMI, resulting in interest and cash flow savings. Vipul will prepay debt to the tune of Rs 163 crore availed from DMI Finance, Vipul added.

Vipul's net profit fell 41.7% to Rs 0.07 crore on 28.6% drop in net sales to Rs 40.37 crore in Q1 June 2016 over Q1 June 2015.

Vipul is a real estate developer in National Capital Region (NCR) besides developing properties in Gurgaon, Ludhiana, Bawal, Bhubaneshwar and Faridabad.

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HDFC Bank raises Rs 6,700 cr via bonds

Sep 22 2016 5:49PM

HDFC Bank on Thursday said it has raised Rs 6,700 crore by issuing bonds via private placement.

"The bank has issued and allotted on September 21, 2016 on a private placement basis, senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures amounting to Rs 6,700 crore," HDFC Bank said in a regulatory filing.

It said that a total of 67,000 bonds were issued with face value of Rs 10 lakh each.

Earlier in April this year, the private sector bank had said that it will raise Rs 50,000 crore through bonds over a period of one year to fund business growth.

Meanwhile, shares of the bank were trading at Rs 1308.10 apiece, up 1.18 per cent from the previous close at 15:12 hours on BSE.

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Monsanto India - Board Meeting on Sept 26, 2016

Sep 22 2016 5:48PM

Monsanto India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 26, 2016, to consider and take on record the Public Announcement made by Bayer Aktiengesellschaft on September 19, 2016, regarding the open offer for the acquisition of up to 4,488,315 fully paid up equity shares of the Company from the public shareholders.







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Lincoln Pharma unveils Ondansetron oral spray in India

Sep 22 2016 5:48PM

Lincoln Pharmaceuticals has launched Ondansetron oral spray, used for treatment of nausea and vomiting caused by surgery or cancer drugs, in the Indian market.

Ondansetron was earlier available as tablet, syrup and injectable in India, Lincoln Pharma said in a filing to BSE.

The company has "done bio-equivalent study for Ondansetron oral spray and has got the Drug Controller General of India (DCGI) permission," it added.

The product has been launched in the Indian market in two strengths, Lincoln Pharm said.

Ondansetron is used to prevent nausea and vomiting caused by cancer chemotherapy, radiation therapy, and surgery.

Meanwhile, shares of the company were trading at Rs 236.95 apiece, up 2.07 per cent from the previous close at 14:50 hours on BSE.

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Capital First to raise Rs 100 cr

Sep 20 2016 3:09PM


NBFC Capital First said that it will raise Rs 100 crore by issuing non-convertible debentures.

“The Board of Directors of the Company at its meeting held on September 20, 2016, inter alia, has approved a issue of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures of INR 25,00,00,000/- (INR Twenty Five Crores) plus Green Shoe Option of Rs. 75,00,00,000/- (INR Seventy Five Crores) on private placement basis,” it said in a filing to the Bombay Stock Exchange.

Capital First, a systematically important NBFC, is a provider of financial services across consumer and wholesale businesses.

Meanwhile, shares of the company were trading at Rs 678.80 apiece, down 1.38 per cent from the previous close at 14:04 hours on BSE.

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Zydus, Takeda partner for chikungunya vaccine

Sep 20 2016 3:08PM

Drug firm Cadila Healthcare Ltd on Tuesday said Zydus Cadila and Japan's Takeda Pharmaceutical Company Ltd has enterd into a partnership to develop vaccine for chikungunya, an emerging infectious disease.

“Zydus and Takeda enter into partnership to address emerging infectious diseases,” Cadila Healthcare Ltd said in a filing to the Bombay Stock Exchange on September 20, 2016.

Further, the broad-based agreement includes early stage development to the final commercialisation of the vaccine. There is currently no vaccine to prevent or medicine to treat chikungunya virus infection, it added.

Commenting on the partnership, Zydus Group, CMD, Pankaj R Patel said, “By partnering with Takeda on this very important research and development initiative and leveraging our development capabilities, we will be taking an all important step to prevent the disease burden which is highly prevalent in developing countries and causes suffering and disability.”

However, the company said terms of the agreement are not disclosed, but it is expected that this partnership will boost access to medicines in the future through this novel partnership.

“Takeda is at the center of important vaccine-related activities in global health and emerging infectious diseases. This is another demonstration of Takeda's major commitment to the health of children in developing countries and elsewhere around the world,” Takeda Vaccines’ Chief Operating Officer, Rahul Singhvi said.

Meanwhile, shares of the company were trading at Rs 394.35 apiece, up 1.87 per cent, from previous close on BSE at 13:50 hours.




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Board of Sat Industries approves allotment of convertible warrants

Sep 19 2016 10:32AM

Sat Industries announced that the meeting of the Board of Directors of the Company held on 17 September 2016, the Board of Directors of the Company has approved, and allotted 4,00,00,000 Warrants convertible in to equity shares at a consideration of Rs. 13.50 per warrants in accordancc with the Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Requirements) Regulation, 2009 as amended to promoter and others.

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Kaya acquires beneficial interest in 2 UAE skincare firms

Sep 9 2016 4:10PM

Skincare firm Kaya Ltd today said that it has acquired majority "beneficial interest" in UAE's Minal Medical Centre and Minal Specialized Clinic Dermatology for an undisclosed sum.

"Kaya Middle East, DMCC, a foreign subsidiary of Kaya Ltd has entered into an agreement dated September 8, 2016 for acquiring 75 per cent beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah,” the company said in a filing to the Bombay Stock Exchange.

"However, the agreement will become effective on fulfilling of certain conditions precedent and obtaining the requisite statutory approval/s, which will take approximately 4 months," the company said in a BSE filing.

It further said: "The above said entities carry out business of skincare, body and hair services and reported revenue of Arab Emirate Dirham (AED) 11.17 million (around Rs 20.26 crore), as per the audited financial statements for the year ended December 31, 2015."

Kaya Ltd said, "This Acquisition will further strengthen company's network of clinics in the Uaeregion and add new set of customers to our existing base in the region. With its special expertise in body contouring, it would help Kaya in leveraging across the region."

With this acquisition, the total network of Kaya's clinics in the Middle East region would increase to 23.

Meanwhile, shares of the company were trading at Rs 753.10 apiece, up 5.92 per cent from the previous close at 15:15 hours on BSE,

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Guj. Industries - Outcome of Board Meeting

Aug 30 2016 1:57PM

Gujarat Industries Power Company Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on August 26, 2016, approved the Draft Scheme of Arrangement in the nature of Merger of GIPCL Projects and Consultancy Company Limited, a wholly owned subsidiary of GIPCL, with the Company viz. GIPCL under Sections 391 to 394 of the Companies Act, 1956 or under Sections 230 to 233 of the Companies Act, 2013, as may be applicable.

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ICICI Prudential Mutual Fund launches New Close Ended Scheme

Sep 22 2016 5:44PM

ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan- Series 79 - 1404 Days Plan T” with maturity period of 1404 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on September 13 and will close on September 22. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be also not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Instruments including Government Securities and 0 to 20 per cent of asset in Money Market Instruments.


    


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0.02% Div announced by Birla Sun Life Mutual Fund

Sep 22 2016 5:44PM

Birla Sun Life Mutual Fund has announced 0.02 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Plus - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was September 18.The latest NAV of the scheme is Rs 163.69. The investment objective of the open ended liquid fund scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

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ICICI Prudential Mutual Fund launches New Close Ended Scheme

Sep 20 2016 3:01PM

ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan- Series 79 - 1406 Days Plan R” with maturity period of 1406 days from the date of allotment.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on September 13 and will close on September 20.

According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be also not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option.

The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund managers of the scheme.

The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Instruments including Government Securities and 0 to 20 per cent of asset in Money Market Instruments.



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ICICI Prudential Mutual Fund announces 0.01% dividend

Sep 20 2016 3:00PM


ICICI Prudential Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Interval Fund - Qtrly Interval Plan 1 - Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend is September 15. The latest NAV of the scheme is Rs 10.

The investment objective of the interval scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Rohan Maru is the fund manager of the scheme.

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Birla Sun Life Mutual Fund launches new close ended scheme

Sep 19 2016 1:05PM

Birla Sun Life Mutual Fund has launched a new close ended income scheme named “Birla Sun Life Fixed Term Plan - Series NX (1100 days)” with maturity period of 1100 days from and including the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on September 19 and will close on September 21. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be also not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Kaustubh Gupta will be the fund manager of this scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Securities, 0 to 20 per cent of asset in Money Market Instruments and 0 to 20 percent of asset in Government securities.



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ICICI Prudential Mutual Fund announces 0.01% Dividend

Sep 19 2016 1:04PM

ICICI Prudential Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Money Market Fund - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was Septrmber 13. The latest NAV of the scheme is Rs 100.11. The investment objective of the open ended liquid fund scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market securities. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Aditya Pagaria is the fund manager of the scheme.

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HDFC FMP 370D August 2013 (3) Announces Dividend

Sep 15 2016 5:49PM

HDFC Mutual Fund has announced 20 September 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under regular option –normal dividend option, direct option-normal dividend option, regular option-quarterly dividend option and direct option-quarterly dividend option of HDFC FMP 370D August 2013 (3). The amount of dividend will be distributable surplus, as reduced by applicable statutory levy.



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Div declared for L&T Liquid Fund - Daily Div Reinvestment Plan

Sep 9 2016 4:13PM

L&T Mutual Fund has announced 0.0134 per cent dividend under dividend payout option of scheme named as “L&T Liquid Fund - Daily Div Reinvestment Plan” on the face value of Rs 1000 per unit.

The record date for the dividend was September 7. The latest NAV of the scheme is Rs 1,011.78.

The investment objective of the open-ended scheme is to generate reasonable returns while maintaining safety and providing the investor superior liquidity. To achieve this objective investment will be predominantly made in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.

The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Shriram Ramanathan is the fund manager of the scheme.

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Lead futures gain on upsurge in demand

Sep 22 2016 5:42PM

Lead futures were trading higher during the evening trade in the domestic market on Thursday as investors and speculators widened their bets in the industrial metal led by rise in physical demand for lead, from battery-makers, in the domestic spot market.

Further, an upsurge in demand from battery-makers in the domestic spot market, supported prices of lead at the domestic spot markets. At the MCX, lead futures for September 2016 contract is trading at Rs 129.95 per kg, up by 0.62 per cent, after opening at Rs 129.85, against a previous close of Rs 129.15. It touched the intra-day high of Rs 130.50



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Aluminium futures up as demand rises

Sep 22 2016 5:41PM

Aluminium futures were trading higher during the evening trade in the domestic market on Thursday as participants widened their positions amidst uptick in physical demand for aluminium in the domestic spot market.

Further, a rise in demand for aluminium at the domestic spot market was led by building up of fresh bets by participants in the spot markets, supported aluminium prices at futures trade.

At the MCX, aluminium futures for September 2016 contract is trading at Rs 107.45 per kg, up by 1.80 per cent, after opening at Rs 105.80, against a previous close of Rs 105.55. It touched the intra-day high of Rs 107.55

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Crude oil futures in reverse gear

Sep 20 2016 2:58PM

Crude oil futures were trading lower during the afternoon trade in the domestic market on Tuesday as investors and speculators trimmed their bets after Venezuela said that global crude oil supplies required to drop by 10 per cent to bring production down to match consumption levels, and technical indicators also pointed to cheaper crude futures.

On Monday, Venezuela, Oil Minister, Eulogio Del Pino said that, global oil supply of 94 million barrels per day needs to fall by about a tenth if it is to match consumption.

At the MCX, crude oil futures for October 2016 contract is trading at Rs 2,935 per barrel, down by 0.84 per cent, after opening at Rs 2,950, against a previous close of Rs 2,960. It touched the intra-day low of Rs 2,932

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White metal shines on global cues

Sep 20 2016 2:56PM

Silver futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators widened their bets in the precious metals at the domestic spot markets amid tracking a firm trend overseas as traders across the globe remained cautious ahead of the outcomes of the key central bank policy meetings in Japan and the US later this week.

The expectations are higher that the US Fed will leave interest rates unchanged, but participants are looking for commentary and guidance for the timing of next interest rate hike.

Thus safe-haven assets become more attractive for investors amid uncertainty as compared to riskier assets.

At the MCX, silver futures for December 2016 contract is trading at Rs 46,147 per kg, up by 0.23 per cent, after opening at Rs 46,189, against a previous close of Rs 46,041. It touched the intra-day high of Rs 46,245

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Profit Krishna

Crude oil futures zoom on overseas cues

Sep 19 2016 1:03PM

Crude oil futures were trading higher during the noon trade in the domestic market on Monday as investors and speculators widened their bets after Venezuela said OPEC and non-OPEC producers were close to reaching an output stabilising deal while clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.

The Key crude states are due to meet in Algeria next week to discuss the global supply crisis and overproduction that has hammered prices for 2 years.

On Sunday, Venezuela President Nicholas Maduro said participants in the talks -- the OPEC cartel and Russia -- are now working on a deal and that he had discussed the issue with his Iranian and Ecuadoran counterparts.

At the MCX, crude oil futures for September 2016 contract is trading at Rs 2,929 per barrel, up by 1.53 per cent, after opening at Rs 2,899, against a previous close of Rs 2,885. It touched the intra-day high of Rs 2,937


    




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Profit Krishna

Yellow metal shines amid uncertainty

Sep 19 2016 1:01PM

Gold futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators build up fresh positions in the precious metal amid uncertainty ahead of the much awaited central bank meetings in Japan and the US this week. The US consumer prices jumped higher than expected in August month as healthcare costs recorded their biggest gain in 32-1/2 years, thus pointing to a steady build-up of inflation which could allow the US Fed to raise interest rates this year. Safe haven assets became more attractive for investors as compared to others. At the MCX, gold futures for October 2016 contract is trading at Rs 30,894 per 10 grams, up by 0.26 per cent, after opening at Rs 30,932, against a previous close of Rs 30,813. It touched the intra-day high of Rs 30,951

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Profit Krishna

Weak physical demand hits Cardamom

Sep 15 2016 5:40PM

Cardamom futures fell during evening trade in the domestic market on Thursday as investors and speculators exit positions in the agri-commodity amid weak physical demand for cardamom in the domestic spot market.
Further, abundant supplies amid higher physical arrivals from the major cardamom producing belts in the country also exerted downward pressure on domestic cardamom prices.
At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,195 per kg, down by 0.33 per cent, after opening at Rs 1,210, against a previous close of Rs 1,199. It touched the intra-day low of Rs 1,190

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Profit Krishna

Gold flat ahead of US economic data

Sep 15 2016 5:39PM

Gold futures were trading little changed during evening trade in the domestic market on Thursday as investors and speculators stayed cautious over booking fresh positions in the yellow metal ahead of US industrial output & retail sales numbers for August which may offer cues over the health of the world’s biggest economy and could dictate the outlook for the country’s monetary policy.
While US retail sales may have dropped 0.1 per cent in August from July, industrial production probably declined 0.3 per cent, signaling underlying economic weakness which may delay policy tightening.
At the MCX, gold futures for October 2016 contract is trading at Rs 31,062 per 10 grams, up by 0.08 per cent, after opening at Rs 31,058, against a previous close of Rs 31,038. It touched the intra-day high of Rs 31,101 

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Profit Krishna

Post Session: Sensex ends 104 pts lower amid profit booking; bankex, power stocks drag

Sep 23 2016 6:47PM

The Indian equities ended on bearish note on Friday amid profit booking in banking, power and FMCG stocks, tracking weak cues from Asian and European markets. Outperforming the benchmark indices, the broader markets ended higher with the BSE mid-cap index ended 0.28 per cent higher and small-cap index settled 0.08 per cent higher.

The 30-share BSE SENSEX closed at 28668.22, down by 104.91 points, or by 0.36 per cent and the NSE Nifty ended at 8831.55, down by 35.9 points or by 0.4 per cent.

In the bullish trade, the BSE Sensex touched intraday high of 28825.09 and intraday low of 28627.38, while the NSE Nifty touched intraday high of 8885.2 and intraday low of 8820.3.

The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 557.40,-5.84%), Lupin Ltd. (Rs. 1488.75,-2.59%), Infosys Ltd. (Rs. 1043.00,-1.46%), Power Grid Corporation of India Ltd. (Rs. 175.80,-1.46%), ICICI Bank Ltd. (Rs. 271.80,-1.36%), among others.

On the flip side, Reliance Industries Ltd. (Rs. 1102.95,+1.41%), Dr. Reddy's Laboratories Ltd. (Rs. 3181.10,+1.05%), Tata Consultancy Services Ltd. (Rs. 2397.30,+0.83%), Housing Development Finance Corporation Ltd. (Rs. 1421.15,+0.54%), HDFC Bank Ltd. (Rs. 1313.15,+0.42%), were among top gainers on the BSE.

On the sectoral front, bankex and power stocks emerged as top losers, falling as much as 1.23 per cent and 0.61 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3078, shares advanced were 1261 while 1553 shares declined and 264 were unchanged.

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Profit Krishna

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]