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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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HDIL leads gainers in 'A' group

Nov 17 2017 4:53PM

HDIL jumped 9.94% to Rs 65.80 at 13:35 IST. The stock topped the gainers in the BSE's 'A' group. On the BSE, 44.49 lakh shares were traded on the counter so far as against the average daily volumes of 25.15 lakh shares in the past two weeks.Jubilant Life Sciences surged 8.55% to Rs 670. The stock was the second biggest gainer in 'A' group. On the BSE, 1.48 lakh shares were traded on the counter so far as against the average daily volumes of 20,000 shares in the past two weeks.DLF gained 7.47% at Rs 224. The stock was the third biggest gainer in 'A' group. On the BSE, 17.08 lakh shares were traded on the counter so far as against the average daily volumes of 10.04 lakh shares in the past two weeks.Welspun India advanced 6.52% at Rs 69.45. The stock was the fourth biggest gainer in 'A' group. On the BSE, 9.41 lakh shares were traded on the counter so far as against the average daily volumes of 3.37 lakh shares in the past two weeks.RattanIndia Power rose 6.14% to Rs 7.61. The stock was the fifth biggest gainer in 'A' group. On the BSE, 54.35 lakh shares were traded on the counter so far as against the average daily volumes of 50 lakh shares in the past two weeks.

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Sunshield Chemicals jumps after winning order

Nov 17 2017 4:52PM

High volumes were witnessed on the counter. On the BSE, 13,468 shares were traded on the counter so far as against the average daily volumes of 3,820 shares in the past one quarter. The stock had hit a high of Rs 292.85 and a low of Rs 270 so far during the day. The stock had hit a 52-week high of Rs 403 on 21 April 2017. The stock had hit a 52-week low of Rs 240 on 28 September 2017.The stock had outperformed the market over the past one month till 16 November 2017, gaining 6.25% compared with the Sensex's 1.45% rise. The stock had, however, underperformed the market over the past one quarter, declining 4.6% as against the Sensex's 4.2% rise. The scrip had also underperformed the market over the past one year, falling 7.6% as against the Sensex's 25.89% rise.The small-cap company has equity capital of Rs 479.62 crore. Face value per share is Rs 2.Sunshield Chemicals reported net loss of Rs 0.94 crore in Q1 June 2017 compared with net loss of Rs 0.68 crore in Q1 June 2016. Net sales rose 2.9% to Rs 45.06 crore in Q1 June 2017 over Q1 June 2016.Sunshield Chemicals is a multi-specialty chemical company.

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IT stocks drop on firm rupee

Nov 17 2017 4:51PM

The BSE IT index had outperformed the market over the past one month till 16 November 2017, gaining 4.33% compared with the Sensex's 1.45% rise. The index had also outperformed the market over the past one quarter, rising 6.04% as against the Sensex's 4.2% rise. The index had, however, underperformed the market over the past one year, advancing 15.22% as against the Sensex's 25.89% rise.In the foreign exchange market, the rupee strengthened against the dollar past 65-mark. The partially convertible rupee was hovering at 64.85, compared with closing of 65.3125 during the previous trading session. Rupee rose on surge in equity indices followed by global credit rating agency, Moody's Investors Service's upgrade of India's sovereign credit rating.Appreciation in rupee dents top line of IT firms as these companies derive most of their revenues in dollar terms.

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GPPL drops after large bulk deal

Nov 17 2017 4:50PM

Bulk deal boosted volume in the Gujarat Pipavav Port (GPPL) scrip. On BSE, so far 27.39 lakh shares were traded in the counter, compared with average daily volume of 1.55 lakh shares in the past one quarter. The stock hit a high of Rs 136.60 and a low of Rs 129.95 so far during the day. The stock hit a 52-week high of Rs 179 on 5 April 2017. The stock hit a 52-week low of Rs 121.20 on 26 December 2016.The stock had underperformed the market over the past one month till 16 November 2017, falling 4.06% compared with the 1.6% gain in the Sensex. The scrip had also underperformed the market in past one quarter, declining 2.15% as against Sensex's 5.02% gain. The stock also underperformed the market over the past one year, rising 1.24% compared with the 26.23% gain in the Sensex.The mid-cap company has an equity capital of Rs 483.44 crore. Face value per share is Rs 10.GPPL's net profit fell 25.65% to Rs 44.18 crore on 11.91% fall in net sales to Rs 151.67 crore in Q2 September 2017 over Q2 September 2016.GPPL is managed and operated by APM Terminals, the ports and terminals company of the maritime giant, the A.P. Moller-Maersk Group. APM Terminals is one of the largest container terminal operators in the world and offers the global shipping community an integrated Global Terminal Network of 56 ports and 154 inland facilities in 63 countries.


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Axis Bank nudges higher after keeping MCLRs unchanged

Nov 17 2017 4:50PM

The stock had outperformed the market over the past one month till 16 November 2017, gaining 4.2% compared with the Sensex's 1.45% rise. The stock had also outperformed the market over the past one quarter, gaining 8.71% as against the Sensex's 4.2% rise. The scrip had, however, underperformed the market over the past one year, gaining 14.93% as against the Sensex's 25.89% rise.The large-cap bank has equity capital of Rs 479.62 crore. Face value per share is Rs 2.The bank's marginal cost of funds based lending rate (MCLR) for overnight loans will be 7.8%, the rate for one month will be 7.8% and for three months it will be 8%. The MCLR on 6-month loans will be 8.15% and for one-year loans the rate will be 8.25%, the bank said. MCLR on two-year loans will be 8.3% and for three-year loans the rate will be 8.35%.Axis Bank's net profit rose 35.5% to Rs 432.38 crore on 0.9% increase in total income to Rs 13820.62 crore in Q2 September 2017 over Q2 September 2016.Axis Bank is one of the biggest private sector banks in India.

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Gati moves higher after posting robust Q2 results

Nov 17 2017 12:42PM

On the BSE, 65,571 shares were traded in the counter so far, compared with average daily volumes of 1.22 lakh shares in the past one quarter. The stock had hit a high of Rs 123.35 and a low of Rs 120.40 so far during the day. The stock had hit a 52-week high of Rs 146.35 on 30 March 2017. The stock had hit a 52-week low of Rs 101.60 on 11 August 2017.The stock had outperformed the market over the past one month till 16 November 2017, gaining 3.82% compared with the Sensex's 1.45% rise. The stock had also outperformed the market over the past one quarter, gaining 5.85% as against the Sensex's 4.2% rise. The scrip had, however, underperformed the market over the past one year, dropping 1.89% as against the Sensex's 25.89% rise.The small-cap company has equity capital of Rs 21.65 crore. Face value per share is Rs 2.Gati provides express distribution and supply chain solutions, with a strong presence in Asia Pacific region and SAARC countries, along with an extensive network across India.

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Volumes jump at Brigade Enterprises counter

Nov 17 2017 12:41PM

Brigade Enterprises clocked volume of 5.53 lakh shares by 12:00 IST on BSE, a 17.11-times surge over two-week average daily volume of 32,000 shares. The stock rose 4.04% at Rs 283.Sonata software notched up volume of 6.55 lakh shares, a 9.11-fold surge over two-week average daily volume of 72,000 shares. The stock gained 0.19% at Rs 206.Page Industries saw volume of 16,000 shares, a 8.56-fold surge over two-week average daily volume of 2,000 shares. The stock declined 1.25% at Rs 23,840.Texmaco Infrastructure and Holdings clocked volume of 10.35 lakh shares, a 8-fold surge over two-week average daily volume of 1.29 lakh shares. The stock gained 4.21% at Rs 63.15.SBI Life Insurance Company saw volume of 2.35 lakh shares, a 5.58-fold rise over two-week average daily volume of 42,000 shares. The stock gained 0.32% at Rs 651.75.

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IT stocks drop on firm rupee

Nov 17 2017 12:37PM

HCL Technologies (down 1.14%), TCS (down 0.68%), Infosys (down 1.71%), Oracle Financial Services Software (down 0.26%), Tech Mahindra (down 2.27%) and Wipro (down 0.2%) edged lower.The BSE IT index had outperformed the market over the past one month till 16 November 2017, gaining 4.33% compared with the Sensex's 1.45% rise. The index had also outperformed the market over the past one quarter, rising 6.04% as against the Sensex's 4.2% rise. The index had, however, underperformed the market over the past one year, advancing 15.22% as against the Sensex's 25.89% rise.In the foreign exchange market, the rupee strengthened against the dollar past 65-mark. The partially convertible rupee was hovering at 64.85, compared with closing of 65.3125 during the previous trading session. Rupee rose on surge in equity indices followed by global credit rating agency, Moody's Investors Service's upgrade of India's sovereign credit rating.Appreciation in rupee dents top line of IT firms as these companies derive most of their revenues in dollar terms.

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Zuari Agro Chemicals gets NCLT approval for scheme of amalgamation

Nov 17 2017 5:01PM

Zuari Agro Chemicals announced that Hon'ble National Company Law Tribunal bench at Mumbai, has vide its order dated 14 September, 2017 sanctioned the scheme of amalgamation of Zuari Fertilisers and Chemicals (ZFCL), Zuari Agri Sciences (ZASL) and Zuari Speciality Fertilisers (ZSFL) with the Company (Scheme), and the Scheme has become effective on 13 November 2017. In terms of the Scheme, Adventz Trading DMCC which was Wholly Owned Subsidiary of ZSFL has become wholly owned subsidiary of Zuari Agro Chemicals.




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Womens Next Loungeries allots 3.45 lakh equity shares

Nov 17 2017 5:00PM

Womens Next Loungeries has allotted 3.45 lakh equity shares at a price of Rs 60 per share (including premium of Rs 50 per share) on preferential basis to Non Promoters on 17 November 2017. Post the allotment, the paid up equity share capital of the Company stands increased to Rs 2.84 crore.




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NSE Futures Extend Break Under 65 Levels

Oct 16 2017 1:09PM

Indian Rupee gained today following a continued recovery in the local equities. After trimming intraday gains in mid-morning trade, key benchmark indices traded with modest gains in early afternoon trade. At 12:18 IST, the barometer index, the S&P BSE Sensex rose 128.09 points or 0.39% at 32,560.78. The Nifty 50 index advanced 44.65 points or 0.44% at 10,212.10. On the NSE, the benchmark USD/INR futures are trading down 0.28% at 64.84. This means that the INR has extended its last week’s break under 65 per US dollar levels.Earlier, both the Sensex and the Nifty had hit record high as positive trade data and encouraging comments from the IMF chief on the outlook for Indian economy cheered investors. Also, market sentiment was buoyant in a truncated trading week ahead of Diwali.Among secondary indices, the S&P BSE Mid-Cap index rose 0.14%. The S&P BSE Small-Cap index advanced 0.23%. Both the indices underperformed the Sensex. The breadth, indicating the overall health of the market, was positive. On the BSE, 1,278 shares rose and 992 shares declined. A total of 101 shares were unchanged.

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Sreeleathers jumps on buyback proposal

Oct 11 2017 12:54PM

On the BSE, 9,699 shares were traded on the counter so far as against the average daily volumes of 1,795 shares in the past one quarter. The stock had hit a high of Rs 207 and a low of Rs 193.05 so far during the day. The stock had hit a 52-week high of Rs 220 yesterday, 10 October 2017 and a record low of Rs 104 on 18 November 2016.The stock had outperformed the market over the past one month till 10 October 2017, advancing 21.13% compared with the Sensex's 0.75% rise. The stock had also outperformed the market over the past one quarter, gaining 12.03% as against the Sensex's 0.66% rise.The small-cap company has equity capital of Rs 25.16 crore. Face value per share is Rs 10.Sreeleathers' net profit rose 73.8% to Rs 4.31 crore on 48.1% growth in net sales to Rs 31.63 crore in Q1 June 2017 over Q1 June 2016.Sreeleathers is engaged in the business of dealing in footwear and leather accessories. The company is also engaged as retailer and wholesaler of footwear and leather articl

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Adani Transmission leads gainers on BSE's 'A' group

Oct 10 2017 6:39PM

Adani Transmission was locked at 10% upper circuit at Rs 193.25 at 13:20 IST after the company said it has entered into a period of exclusivity with Reliance Infrastructure for acquiring the latter's Mumbai operations. The announcement was made during market hours today, 10 October 2017. The stock topped the gainers in 'A' group. On the BSE, 4.64 lakh shares were traded on the counter so far as against the average daily volumes of 2.02 lakh shares in the past two weeks.Religare Enterprises spurted 9.92% at Rs 54.85. The stock was the second biggest gainer in 'A' group. On the BSE, 9.2 lakh shares were traded on the counter so far as against the average daily volumes of 3.42 lakh shares in the past two weeks.GHCL jumped 8.01% at Rs 236.55. The stock was the third biggest gainer in 'A' group. On the BSE, 6.07 lakh shares were traded on the counter so far as against the average daily volumes of 82,000 shares in the past two weeks.JM Financial climbed 5.63% at Rs 163.20. The stock was the fourth biggest gainer in 'A' group. On the BSE, 4.44 lakh shares were traded on the counter so far as against the average daily volumes of 2.44 lakh shares in the past two weeks.Bombay Dyeing & Manufacturing Company rose 5% at Rs 236.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.39 lakh shares were traded on the counter so far as against the average daily volumes of 10.77 lakh shares in the past two weeks.

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Volumes jump at Brigade Enterprises counter

Oct 9 2017 6:05PM

Brigade Enterprises clocked volume of 3.15 lakh shares by 13:41 IST on BSE, a 123.45-times surge over two-week average daily volume of 3,000 shares. The stock surged 6.02% at Rs 259.SRF notched up volume of 62,000 shares, a 17.46-fold surge over two-week average daily volume of 4,000 shares. The stock jumped 9.86% at Rs 1,732.45.Zee Media Corporation saw volume of 21.34 lakh shares, a 12.46-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 4.1% at Rs 40.60.Sun Pharma Advanced Research Company (SPARC) clocked volume of 10.01 lakh shares, a 11.6-fold surge over two-week average daily volume of 86,000 shares. The stock tumbled 7.09% at Rs 361.75 said that it did not meet the primary end points in the placebo controlled studies of Baclofen GRS in Phase III study. Baclofen GRS is a novel, once-a-day formulation developed by SPARC's proprietary Gastro-Retentive System (GRS) Technology. The GRS technology uses a combination of size expansion, adhesion and flotation techniques to permit once-a-day administration.Strides Shasun saw volume of 2.92 lakh shares, a 7.8-fold rise over two-week average daily volume of 37,000 shares. The stock rose 2.14% at Rs 856.

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Volumes jump at Brigade Enterprises counter

Oct 9 2017 6:05PM

Brigade Enterprises clocked volume of 3.15 lakh shares by 13:41 IST on BSE, a 123.45-times surge over two-week average daily volume of 3,000 shares. The stock surged 6.02% at Rs 259.SRF notched up volume of 62,000 shares, a 17.46-fold surge over two-week average daily volume of 4,000 shares. The stock jumped 9.86% at Rs 1,732.45.Zee Media Corporation saw volume of 21.34 lakh shares, a 12.46-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 4.1% at Rs 40.60.Sun Pharma Advanced Research Company (SPARC) clocked volume of 10.01 lakh shares, a 11.6-fold surge over two-week average daily volume of 86,000 shares. The stock tumbled 7.09% at Rs 361.75 said that it did not meet the primary end points in the placebo controlled studies of Baclofen GRS in Phase III study. Baclofen GRS is a novel, once-a-day formulation developed by SPARC's proprietary Gastro-Retentive System (GRS) Technology. The GRS technology uses a combination of size expansion, adhesion and flotation techniques to permit once-a-day administration.Strides Shasun saw volume of 2.92 lakh shares, a 7.8-fold rise over two-week average daily volume of 37,000 shares. The stock rose 2.14% at Rs 856.

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Volumes jump at Brigade Enterprises counter

Oct 9 2017 6:05PM

Brigade Enterprises clocked volume of 3.15 lakh shares by 13:41 IST on BSE, a 123.45-times surge over two-week average daily volume of 3,000 shares. The stock surged 6.02% at Rs 259.SRF notched up volume of 62,000 shares, a 17.46-fold surge over two-week average daily volume of 4,000 shares. The stock jumped 9.86% at Rs 1,732.45.Zee Media Corporation saw volume of 21.34 lakh shares, a 12.46-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 4.1% at Rs 40.60.Sun Pharma Advanced Research Company (SPARC) clocked volume of 10.01 lakh shares, a 11.6-fold surge over two-week average daily volume of 86,000 shares. The stock tumbled 7.09% at Rs 361.75 said that it did not meet the primary end points in the placebo controlled studies of Baclofen GRS in Phase III study. Baclofen GRS is a novel, once-a-day formulation developed by SPARC's proprietary Gastro-Retentive System (GRS) Technology. The GRS technology uses a combination of size expansion, adhesion and flotation techniques to permit once-a-day administration.Strides Shasun saw volume of 2.92 lakh shares, a 7.8-fold rise over two-week average daily volume of 37,000 shares. The stock rose 2.14% at Rs 856.

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Mutual funds continue buying

Nov 17 2017 4:58PM

Mutual funds have bought stocks worth a net Rs 2325.93 crore on 10 November 2017, compared with net inflow of Rs 329.35 crore on 9 November 2017. The net inflow of Rs 2325.93 crore on 10 November 2017 was a result of gross purchases of Rs 4622.95 crore and gross sales of Rs 2297.02 crore. On 10 November 2017, the Sensex rose 63.63 points or 0.19% to settle at 33,314.56, its highest closing level since 7 November 2017.Mutual funds have bought shares worth a net Rs 3825.20 crore in November 2017 so far (till 10 November 2017). They had purchased shares worth a net Rs 9990.50 crore in October 2017.

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BHARAT 22 ETF Floats On

Nov 17 2017 4:57PM

ICICI Prudential Mutual Fund has launched a new fund named as BHARAT 22 ETF, an open ended exchange traded fund investing in S&P BSE Bharat 22 Index. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 14 November to 17 November 2017.The investment objective of the Scheme is to invest in constituents of the underlying Index in the same proportion as in the underlying Index, and endeavor to provide returns before expenses, which closely correspond to the total returns of the underlying Index. However, the performance of the Scheme may differ from that of underlying index due to tracking error.The scheme will invest 95%-100% of its assets in securities of companies constituting the underlying index with medium to high risk profile and invest upto 5% of units of Liquid /Money Market Mutual Fund schemes, Money Market Instruments (with maturity not exceeding 91 days), including CBLO, Cash & Cash Equivalents 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 10 crore under the scheme during the NFO period.Entry load and exit load charge are not applicable for the scheme.Benchmark Index for the scheme is S&P BSE Bharat 22 Index.The fund managers of the scheme is Kayzad Eghlim

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Jeera Plummets On Fvaourable Sowing Conditions

Nov 17 2017 12:44PM

Sharp selling was seen in jeera due to possibility of bumper sowing in the current year. The sources stated that favourable sowing conditions in Rajasthan and Gujarat will witness strong jeera production in the current year. The daily arrivals have been reported at 3000 bags against total demand of 1000 bags. The prices have been trading in the range of Rs 18000-18500 per quintal. The sources added that total carryover stocks are reported in the range of 7-8 lakh bags against 18-19 lakh bags of the last year in the same period.

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Reliance Capital Builder Fund IV – Series A Floats On

Oct 6 2017 12:54PM

Reliance Mutual Fund has launched a new fund named as Reliance Capital Builder Fund IV - Series A, a close-ended equity oriented scheme with the duration of 3 years 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 29 September to 13 October 2017.The investment objective of the scheme is to provide capital appreciation to the investors, which will be in line with their long term savings goal, by investing in a diversified portfolio of equity & equity related instruments with small exposure to fixed income securities. Although, the objective of the Fund is to generate optimal returns, the objective may or may not be achieved.The scheme offers two options viz. growth and dividend payout option under both regular and direct plan.The scheme will allocate 80%-100% of assets in diversified equity & equity related instruments with high risk profile and invest upto 20% of assets in debt and money market 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 10 crore under the scheme during the NFO period.

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Mutual funds in buying mode

Oct 5 2017 1:05PM


Mutual funds have bought stocks worth a net Rs 1383.83 crore on 3 October 2017, compared with net inflow of Rs 1631 crore on 29 September 2017. The net inflow of Rs 1383.83 crore on 3 October 2017 was a result of gross purchases of Rs 2773.09 crore and gross sales of Rs 1389.26 crore. On that day, the Sensex gained 213.66 points or 0.68% to settle at 31,497.38, its highest closing level since 26 September 2017.Mutual funds bought shares for the ninth straight session. The market remained closed on Monday, 2 October 2017 on account of holiday.Mutual funds had bought shares worth a net Rs 17456.84 crore in September 2017

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UTI Long Term Advantage Fund – Series VI Floats On

Oct 5 2017 1:04PM


UTI Mutual Fund has launched a new fund named as UTI Long Term Advantage Fund – Series VI, a 10 year close – ended equity linked savings scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 05 October 2017 and closes on 05 January 2018.The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity & equity related instruments of companies along with income tax benefit.The scheme offers growth and dividend option with payout and switch facility.The scheme will allocate 80%-100% of assets in equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies with high risk profile and invest upto 20% of assets in money market instruments with low to medium risk profile.The minimum application amount is Rs 500 and in multiples of Rs 500 thereafter with no upper limit.The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.Entry load: Not applicableExit load: NilThe scheme's performance will be benchmarked against S&P BSE 200 Index.The scheme will be managed by Lalit Nambiar

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Kotak FMP Series 211 (1105 days) Floats On

Oct 4 2017 12:55PM

Kotak Mutual Fund has launched a new fund named as Kotak FMP Series 211, a close ended debt scheme with the duration of 1105 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 04 October to 11 October 2017.The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.The scheme offers growth and dividend payout option.The scheme shall invest 80%-100% of assets in debt securities (excluding money market instruments), invest upto 20% of assets in money market instruments with low to medium risk profile and invest upto 20% of assets in government securities with low risk profile. Investment in derivatives will be up to 50% of the net assets of the scheme.The minimum application amount is Rs 5000 and in multiples of Rs 10 for purchase and switch-ins.The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme.Entry load and exit load charge will be nil for the scheme.The scheme performance will be benchmarked against CRISIL Composite Bond Fund Index.Deepak Agarwal is the fund manager of the scheme.

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ICICI Prudential Value Fund – Series 18 Floats On

Oct 3 2017 12:49PM

ICICI Prudential Mutual Fund has launched a new plan named as ICICI Prudential Value Fund – Series 18, a close ended equity scheme. The scheme will have tenure of 1300 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 03 October to 17 October 2017.The investment objective of the scheme is to provide capital appreciation by investing in a well diversified portfolio of stocks through fundamental analysis.The plan shall offer direct plan and regular plan with dividend payout option.The plan would invest 80% to 100% of assets in equity and equity related instruments with medium to high risk profile and invest upto 20% in debt, money market instruments and cash with low to medium risk profile. Investment in derivatives can be upto 50% of the Net Assets of the scheme.The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the plan during the NFO period.The scheme is proposed to be listed on BSE Limited.Entry and exit load are not applicable.Benchmark Index for the plan is S&P BSE 500 Index.The fund managers of the scheme are Sankaran Naren and Ihab Dalwai.The investments under ADR / GDR and other foreign securities will be Managed by Priyanka Khandelwal.

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Copper Trading Up By 0.12% On Thursday

Nov 17 2017 4:56PM

Copper inventories in LME-registered warehouses fell by 3,900 tonnes to 251,550 tonnes, continuing a steady decline to the lowest since mid-September and supporting prices. Zinc and copper output in China in October jumped to the highest in almost three years. Zinc production rose 3.8 percent year-on-year to 577,000 tonnes and copper was up 6.3 percent at 781,000 tonnes. China's economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations.China's financial sector faces bubble risks, a government official said, adding that a property tax might be on the cards in the near future. Supply and demand for copper concentrate processed in China will be “basically balanced, with a slight surplus,” an official from the China Smelters Purchase Team (CSPT) said at an unscheduled meeting in Shanghai on Tuesday November 14, adding that a deficit does not exist.The CSPT, which sets benchmark treatment and refining charges (TC/RCs) for copper concentrate processed in China, reaffirmed its position in response to views expressed by miners at the recent London-based LME Week that there will be a shortage of concentrate next year.Indian Copper was trading at Rs 441.5 per kg, up 0.12%. The prices of Copper tested a low of Rs 439.35 per kg and a high of Rs 443.9 per kg.

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Chana Futures Down Almost 2 percent On Stockiest Selling

Nov 17 2017 4:55PM

Heavy selling was seen in chana market on the account of stockiest liquidation in local mandies along with anticipation of bumper supplies in current season. The sources stated that most of the stockiest have liquidated their stocks on the anticipation of bumper chana sowing in the current year. As per latest update from Ministry of Agriculture, chana area under cultivation, went up to 47.2 lakh ha from 32.93 lakh ha last year. The daily arrivals of chana increased to 40 motors against 30 motors of the last day, while spot prices decreased by Rs 150 per quintal at Delhi mandi to trade at Rs 5100per quintal. The NCDEX December futures plummeted by more than 1.78 percent today to close at Rs 4813 per quintal .

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Gold Down Before Critical Data

Nov 17 2017 4:54PM

Gold futures were steady Thursday morning as stocks looked to snap out of a recent funk. Gold was also dented by renewed expectations the Federal Reserve will raise interest rates in December. Core inflation rose toward the Fed's 2 percent target last month, official data revealed yesterday.Dec. gold was down 20 cents at $1277 an ounce, having bounced between $1270 and $1280 for much of the month. In addition to jobless claims data, the Fed's Industrial Production Index for October will be published as well. National Association of Home Builders/Wells Fargo's Housing Market Index for November will be published today. The consensus is for 67, compared to 68 a month ago.This is an exiting day for Fed watchers. Cleveland Federal Reserve Bank President Loretta Mester will give keynote address at Cato Institute's 35th Annual Monetary Conference: The Future of Monetary Policy, in Washington. Federal Reserve Governor Lael Brainard to deliver keynote remarks at FinTech Risks and Opportunities

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Indian Rupee Strengthens On Moody's India Upgrade

Nov 17 2017 12:43PM

The Indian rupee strengthened against the dollar in early trades on Friday, 17 November 2017 after the US-based rating agency Moody's upgraded India's sovereign credit rating. US-based Moody's upgraded India's sovereign credit rating by a notch to ‘Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms. The rating upgrade comes after a gap of 13 years -- Moody's had last upgraded India's rating to ‘Baa3' in 2004. In 2015, the rating outlook was changed to ‘positive' from ‘stable'. Besides, dollar selling by exporters and banks and the US unit's weakness against some currencies overseas further supported rupee.The domestic currency opened at Rs 64.75 against the dollar and climbed to a high of 64.63 so far during the day. In the spot currency market, the Indian unit was last seen trading at 64.8450, giving up some of its early day gains. The rupee on Thursday dropped by 11 paise to close at 65.32 against the US currency on fresh dollar demand from importers and banks after the US data raised prospects of rate hike by the Federal Reserve by the year-end that can trigger flight of foreign capital.Domestic benchmark indices traded with strong gains in morning trade. At 10:16 IST, the barometer index, the S&P BSE Sensex advanced 359.49 points or 1.09% at 33,466.31. The Nifty 50 index surged 104.90 points or 1.03% at 10,319.65. Positive global cues boosted sentiment. Investor risk appetite also soared on reports that rating agency Moody's Investors Service has upgraded sovereign rating of India a notch above investment grade after a long gap of 14 years.Overseas, Asian stocks edged higher as global equities appeared to bounce back after declines earlier in the week. US equities rose yesterday, 16 November 2017, rebounding from consecutive declines, following strong quarterly results.Meanwhile, the dollar slipped on Friday, weakened by a Wall Street Journal report that investigators into possible Russian interference in the 2016 U.S. presidential election had subpoenaed President Donald Trump's election campaign for documents. Special Counsel Robert Mueller's team issued the subpoena last month for documents containing specified Russian keywords from more than a dozen officials, according to the report. The dollar index against a basket of six major currencies (DXY) was down 0.35 percent at 93.593.

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Natural Gas Off Five Month High

Nov 10 2017 6:39PM

Natural Gas futures slipped a bit today as five month high levels triggered some profit selling amid a corrective spell in equities. The commodity is currently quoting at $3.19 per mmbtu, down 0.40% on the day. MCX Natural Gas futures are trading at Rs 208.80 per mmbu, down marginally on the day. The US Energy Information Administration (EIA) reported Thursday that US. natural gas stocks increased by 15 billion cubic feet for the week ending November 3. The five-year average for the week is an injection of 45 billion cubic feet, and last year’s storage injection for the week totaled 54 billion cubic feet. Prices have rallied off late as demand for the next seven days is expected to be high as chilly weather in the northern tier of states moves toward the more heavily populated northeastern states.Total US gas stockpiles fell week over week to 5.5% below last year’s level and remain 1.8% below the five-year average. The EIA reported that US working stocks of natural gas totaled about 3.790 trillion cubic feet, around 71 billion cubic feet below the five-year average of 3.861 trillion cubic feet and 219 billion cubic feet below last year’s total for the same period. Working gas in storage totaled 4.009 trillion cubic feet for the same period a year ago.




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Lax Trades In Gold As Broad Demand Concerns Weigh

Nov 10 2017 6:39PM

Gold stayed lax, lingering in a tight range as broad demand concerns weighed on the metal. The global Gold demand in Q3 fell to an eight-year low as ETF inflows slowed sharply, according to World Gold Council’s (WGC) Gold Demand Trends Q3 2017 update released today The third quarter saw a 9% year-on-year (y-o-y) drop in gold demand to 915 tonnes (t). Year-to-date (y-t-d) demand was down by 12%. ETFs had another quarter of positive inflows, but at 18.9t, they fell far short of the 144.3t influx in Q3 2016. A softer quarter in the jewellery sector (-3%) accounted for 17t of the y-o-y decline. Demand from other sectors firmed: central banks bought a healthy 111t of gold (+25% y-o-y) while bar and coin investment strengthened by 17% (to 222.3t), albeit from a low base.Gold jewellery demand fell in Q3. Jewellery volumes continue to languish below longer-term average levels. Indian weakness was the main reason for the y-o-y decline. Tax and regulatory changes in India weighed on domestic gold demand. The new tax regime deterred consumers, as did anti-money laundering measures governing jewellery retail transactions.Inflows into gold-backed ETFs stalled as holdings grew by just 18.9t. Investors continued to favour gold’s risk-hedging properties, but the greater focus was on rampaging stock markets.Gold bar and coin demand growth was driven by China. Global investment in bars and coins rose 17% from relatively weak year-earlier levels. Chinese investors bought on price dips, to notch up a fourth consecutive quarter of growth.Volumes of gold used in technology increased for the fourth consecutive quarter. Demand for memory chips continued to soar thanks to the persistent popularity of high-end smartphones. Total supply fell 2% in Q3. Mine production fell 1% y-o-y in Q3, which was also the fifth consecutive quarter of net de-hedging. Recycling activity (-6%) continued to normalise after jumping in 2016.COMEX Gold futures are trading at $1284.40 per ounce, almost unchanged on the day. MCX Gold futures are trading at Rs 29572 per 10 grams, up marginally on the day.


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MCX Zinc Slips Near Rs 210 Levels, Profit Selling Continues

Nov 7 2017 12:48PM

MCX Zinc futures are trading in red today as a recent drop extended further amid modest selling in equities. Metals have been soaring off late and intermittent profit corrections are being witnessed quite regularly now. For Zinc, the global demand drivers remain well positioned though buying interest is somewhat subdued as prices linger just below their ten year highs. MCX Zinc futures are trading at Rs 210.05 per kg, down 0.33% on the day. Prices have mostly slipped after hitting highs above Rs 218 in last month.Following higher zinc and lead prices and an exceptional gain of Rs291 crore, domestic mining major Hindustan Zinc Ltd (HZL) recently reported around 34% year-on-year jump in net profit to Rs2,545 crore in the quarter ended September 2017. London Metal Exchange (LME) zinc prices were up 31% from the year-ago period to $2,963/tonne, while LME lead prices were up 25% during the same period to $2,334/tonne, the company said.HZL also said revenue jumped 37.4% during the period to Rs 5,232 crore. Earnings before interest, tax, depreciation and amortization (Ebitda), an indicator of operating profitability, jumped 45.6% to Rs3,024 crore. The company said refined zinc-lead metal production rose 27% from the year-ago period to 230 kilo-tonnes, while zinc cost of production (before royalty) rose 22% to $984/tonne.

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Indian Rupee Recovers On Increased Dollar Sales

Nov 7 2017 12:48PM

The Indian rupee recovered against the dollar in early trades on Tuesday, 07 November 2017 on increased selling of the US currency by exporters and banks. Fresh foreign fund inflows and weakness in the dollar against a few currencies overseas also supported the rupee. Stocks hitting another record high in early trade also influenced the rupee uptrend.The domestic currency opened at Rs 64.6150 against the dollar but dropped to a low of 64.85 so far during the day. In the spot currency market, the Indian unit was last seen trading at 64.85. Yesterday, the rupee had slipped from the six-week high level to close at 64.68 a dollar, down 13 paise on fresh demand for the American currency from banks and importers.Domestic benchmark indices were trading higher in early trade on positive global cues. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 92.02 points or 0.27% at 33,823.21. The Nifty 50 index was up 29 points or 0.28% at 10,480.80.Overseas, Asian shares were trading higher tracking positive close in US market. US stocks rose moderately Monday, helping the three main stock benchmarks to close at all-time highs. Healthy corporate earnings and merger talks between chip makers Broadcom and Qualcomm kept stocks in positive territory despite unsettling political developments in Saudi Arabia. The S&P 500 index rose 0.13%, the Dow Jones Industrial Average rose 0.04% and the Nasdaq Composite Index advanced 0.33%.Meanwhile, the U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, rose 0.04% to 94.66. Overnight, the dollar turned negative against a basket of major currencies as rising political turmoil in the Middle East fuelled safe haven demand while news that New York Federal Reserve President William Dudley was retiring early weighed on sentiment.

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Post-Session: Market settles with impressive gains

Nov 17 2017 4:45PM

The stock market registered modest gains, extending previous session's gains. The barometer index, the S&P BSE Sensex advanced 235.98 points or 0.71% to settle at 33,342.80. The Nifty 50 index rose 68.85 points or 0.67% to settle at 10,283.60. Positive cues from Asian markets and overnight gains on Wall Street boosted sentiment. Investor risk appetite also increased after rating agency Moody's Investors Service has upgraded sovereign rating of India a notch above investment grade after a long gap of 14 years.Realty stocks surged after the Union Cabinet yesterday, 16 November 2017, approved the increase in the carpet area of houses eligible for interest subsidy scheme under Pradhan Mantri Awas Yojana (Urban). Index pivotals HDFC, HDFC Bank and ITC advanced.Key indices opened the session on a strong note and later held firm till mid-afternoon trade on positive Asian cues. Indices trimmed gains in late trade as European stocks edged lower.The Sensex advanced 235.98 points or 0.71% to settle at 33,342.80, its highest closing level since 7 November 2017. The Sensex surged 414 points or 1.25% at the day's high of 33,520.82. The index rose 172.09 points or 0.51% at the day's low of 33,278.91.The Nifty rose 68.85 points or 0.67% to settle at 10,283.60, its highest closing level since 10 November 2017. The Nifty advanced 128.85 points or 1.26% at the day's high of 10,343.60. The index rose 53.30 points or 0.52% at the day's low of 10,268.05.Among secondary indices, the S&P BSE Mid-Cap index surged 1.03%. The S&P BSE Small-Cap index advanced 0.81%. Both the indices outperformed the Sensex.Overseas, European stocks edged lower as investors digested further earnings and data. Asian stocks edged higher as global equities appeared to bounce back after declines earlier in the week. US equities rose yesterday, 16 November 2017, rebounding from consecutive declines, following strong quarterly results.Closer home, the breadth, indicating the overall health of the market, was positive. On BSE, 1,609 shares rose and 1,134 shares declined. A total of 185 shares were unchanged.The total turnover on BSE amounted to Rs 4673.08 crore, higher than turnover of Rs 3894.45 crore registered during the previous trading session.Among the sectoral indices on BSE, the S&P BSE Auto index (up 0.78%), the BSE Bankex index (up 1.17%), the BSE Metal index (up 1.8%) and the BSE Realty index (up 3.7%) outperformed the Sensex. The BSE IT index (down 1.38%), the BSE Telecom index (up 0.16%) and the BSE Capital Goods index (up 0.45%) underperformed the Sensex.Bank stocks advanced. Among public sector banks, Punjab National Bank (up 0.66%), State Bank of India (up 1.18%), Indian Bank (up 0.06%), Bank of India (up 0.19%) and IDBI Bank (up 0.25%) gained. Indian Overseas Bank (down 1.48%) edged lower.Bank of Baroda rose 0.58% at Rs 183.55 after the bank scheduled a meeting on 21 November 2017 to consider raising up to Rs 6000 crore through a qualified institutional placement/rights issue. The announcement was made after market hours yesterday, 16 November 2017.Among private sector banks, ICICI Bank (up 1.86%), Yes Bank (up 1.62%), IndusInd Bank (up 1.7%), HDFC Bank (up 1%), RBL Bank (up 0.84%) and Kotak Mahindra Bank (up 0.49%) gained.Axis Bank was down 0.12% at Rs 541.90. The bank announced during trading hours today, 17 November 2017 that it has decided to keep the marginal cost of funds based lending rates (MCLRs) unchanged across tenors. The 1-year MCLR stands unchanged at 8.25%.Realty stocks surged after the Union Cabinet yesterday, 16 November 2017, approved the increase in the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the Middle Income Group (MIG) under Pradhan Mantri Awas Yojana (Urban). Indiabulls Real Estate (up 3.36%), Godrej Properties (up 3.07%), Prestige Estates Projects (up 4.22%), D B Realty (up 3.91%), Sobha (up 1.25%), DLF (up 7.18%), HDIL (up 6.93%) and Unitech (up 2.29%) advanced. Oberoi Realty (down 0.83%) declined.To further enhance the scope, coverage and outreach of the scheme, the Cabinet has approved increasing the carpet area in the middle income group (MIG I) category of CLSS from the existing 90 square metre to up to 120 square metre and increasing the carpet area in respect of MIG II category of CLSS from the existing 110 square metre to up to 150 square metre.Index heavyweight and housing finance major HDFC advanced 2.23% at Rs 1,701.Cigarette major and index heavyweight ITC gained 0.98% to Rs 257.55.TCS was down 1.33% at Rs 2,710.10. The company announced the introduction of a TCS global development center based in Hyderabad, to provide operational efficiencies and an enhanced customer experience for Zebra Technologies, the market leader in tracking technology and solutions that generate actionable information and insight. The announcement was made during market hours today, 17 November 2017.Wipro was down 0.97% at Rs 294.75. The company announced the launch of industry-specific solutions on SAP Leonardo. The first set of solutions will focus on the utilities industry, while the next will cover the consumer and manufacturing industries. As part of the partnership, Wipro will develop industry-specific analytics "apps" on its insights-as-a-service solution, Data Discovery Platform, leveraging SAP Leonardo analytics, Big Data and data intelligence capabilities. The announcement was made after market hours yesterday, 16 November 2017.Bharti Airtel rose 0.49% at Rs 492.30 after the company announced the launch of two new Android powered 4G smartphones at the price of a feature phone in partnership with Karbonn Mobiles. The launch is part of Airtel's 'Mera Pehla Smartphone' initiative, which is aimed at enabling every Indian to buy a 4G smartphone and get on to the digital superhighway. The 'Al Indian' 4G smartphone will be available at an effective price of Rs 1799 (compared to MRP of Rs 4390) and the 'A41 Power' comes at an effective price of Rs 1,849 (compared to MRP of Rs 4,290). Both 4G smartphones come bundled with a monthly pack of Rs 169 from Airtel, which offers generous data and calling benefits. The announcement was made after market hours yesterday, 16 November 2017.Tata Power Company was up 5.02% at Rs 88.95 after the company said it proposes to issue non-convertible debentures aggregating to Rs 1500 crore on private placement basis. The tenure of instrument is for 7 years. The NCDs were assigned CARE AA/Stable and IND AA/Stable by the rating agencies. The announcement was made after market hours yesterday, 16 November 2017.Cipla advanced 2.64% at Rs 608.65 after the company said it has received final approval for its abbreviated new drug application (ANDA) for Budesonide Inhalation Suspension, 0.25mg/2ml, 0.5mg/2ml and 1mg/2ml from the United States Food and Drug Administration (USFDA) to market a generic version of Astrazeneca's Pulmicort Respules. The product is indicated for the maintenance treatment of asthma and as prophylactic therapy in children 12 months to 8 years of age. The product is available for shipping immediately, Cipla said. The announcement was made before market hours today, 17 November 2017.On the macro front, rating agency Moody's Investors Service has upgraded India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. Moody's has revised the sovereign rating of India a notch above investment grade after a long gap of 14 years.Among other key news, the Union Cabinet chaired by the Prime Minister Narendra Modi yesterday, 16 November 2017, gave its approval for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST, following up immediately on 15th November's sharp reduction in the GST rates of a large number of items of mass consumption. This paves the way for the immediate establishment of this apex body, which is mandated to ensure that the benefits of the reduction in GST rates on goods or services are passed on to the ultimate consumers by way of a reduction in prices, a press release issued by the government after market hours yesterday, 16 November 2017 said.

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LME Inventory

Apr 12 2017 1:51PM

       COPPER: -850 MT

       ZINC: -1850 MT

       LEAD: -1025 MT

       NICKLE: -1194 MT

       ALUMINIUM: -13575 MT

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]