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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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Tata Metaliks melts after poor Q1 result

Jul 26 2017 12:48PM

On the BSE, 54,000 shares were traded on the counter so far as against the average daily volumes of 53,839 shares in the past one quarter. The stock had hit a high of Rs 730 and a low of Rs 705.50 so far during the day. The stock had hit a record high of Rs 787.75 on 11 July 2017 and a 52-week low of Rs 280 on 23 November 2016.
The stock gained 5.33% over the past one month till 25 July 2017, outperforming the Sensex's 3.5% rise. The scrip, however, underperformed the market in past one quarter, rising 7.02% as against Sensex's 7.63% rise. The scrip, however, outperformed the market in past one year, surging 61.02% as against Sensex's 14.71% rise.
The small-cap company has equity capital of Rs 25.29 crore. Face value per share is Rs 10.
Tata Metaliks is a producer of foundry grade pig iron.

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Volumes jump at Prism Cement counter

Jul 26 2017 12:48PM

Prism Cement clocked volume of 9.61 lakh shares by 12:30 IST on BSE, a 62.76-times surge over two-week average daily volume of 15,000 shares. The stock rose 3.56% at Rs 125.
KPIT Technologies notched up volume of 34.25 lakh shares, a 38.97-fold surge over two-week average daily volume of 88,000 shares. The stock advanced 1.49% at Rs 125.60.
GE T&D India saw volume of 3.54 lakh shares, a 33.17-fold surge over two-week average daily volume of 11,000 shares. The stock was locked at 20% upper circuit at Rs 392.90.
Prime Securities clocked volume of 12.13 lakh shares, a 16.98-fold surge over two-week average daily volume of 71,000 shares. The stock surged 7.87% at Rs 46.60.
Rural Electrification Corporation saw volume of 76.19 lakh shares, a 12.71-fold rise over two-week average daily volume of 5.99 lakh shares. The stock gained 0.37% at Rs 178.50.

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Idea Cellular rings loud after CCI nod for Vodafone merger

Jul 25 2017 12:52PM

On the BSE, 16.35 lakh shares were traded on the counter so far as against the average daily volumes of 15.71 lakh shares in the past one quarter. The stock had hit a high of Rs 96.90 and a low of Rs 93.25 so far during the day.
The stock had hit a 52-week high of Rs 123.75 on 20 March 2017 and a 52-week low of Rs 66 on 9 November 2016.
The stock had outperformed the market over the past one month till 24 July 2017, rising 15.75% compared with 3.56% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 8.12% as against Sensex's 8.73% rise. The scrip had also underperformed the market in past one year, falling 13.92% as against Sensex's 15.98% rise.
The large-cap company has equity capital of Rs 3606.41 crore. Face value per share is Rs 10.
Idea Cellular announced that the Competition Commission of India (CCI) approved to the proposed merger of Vodafone India, Vodafone Mobile Services and Idea Cellular. The transaction is expected to close during calendar year 2018 subject to customary approvals.
Separately, Idea Cellular issued clarification after market hours yesterday, 24 July 2017 with regards to new article titled “Six telcos understated revenues by Rs 61000 crore”.
The company clarified that the news is referring to the Comptroller and auditor general (CAG) report for adjusted gross revenue (AGR) and alleged short payment of revenue share thereon for the financial years 2010-11 to 2014-15. These matters pertaining to the interpretation of the definition of AGR are currently sub-judice and pending for adjudication before Supreme Court and Kerala High Court.
The company will announce Q1 results on 27 July 2017. Idea Cellular reported consolidated net loss of Rs 327.70 crore in Q4 March 2017, compared with net profit of Rs 451.70 crore in Q4 March 2016. Consolidated net sales declined 14.3% to Rs 8109.10 crore in Q4 March 2017 over Q4 March 2016.
Idea Cellular is one of the leading telecom operators in India.

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GVK Power & Infra gallops on fund buying

Jul 24 2017 11:27PM

On the BSE, 1.41 crore shares were traded on the counter so far as against the average daily volumes of 18.96 lakh shares in the past one quarter. The stock hit a high of Rs 11.98 in intraday trade so far, which is a 52-week high for the counter. The stock had hit a low of Rs 10.80 so far during the day. The stock had hit a 52-week low of Rs 5.05 on 25 May 2017.
The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Rs 1.
Portfolio management firm Equity Intelligence India in its portfolio management scheme bought 1.88 crore shares of GVK Power & Infrastructure at Rs 9.61 per share in a bulk deal on NSE on Friday, 21 July 2017.
GVK Power & Infrastructure reported net loss of Rs 205.85 crore in Q4 March 2017, higher than net loss of Rs 105.59 crore in Q4 March 2016. Net sales rose 4.1% to Rs 7.10 crore in Q4 March 2017 over Q4 March 2016.
GVK Power & Infrastructure is a leading conglomerate with presence across energy, airports, transportation, hospitality and life sciences.




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RIL advances after launching JioPhone for free

Jul 24 2017 11:26PM

High volumes were witnessed on the counter. On the BSE, 7.07 lakh shares were traded on the counter so far as against the average daily volumes of 4.14 lakh shares in the past one quarter. The stock had hit a high of Rs 1,624.80 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 1,586.20 so far during the day. The stock had hit a 52-week low of Rs 932 on 9 November 2016.
The stock had outperformed the market over the past one month till 21 July 2017, gaining 11.85% compared with 2.38% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.32% as against Sensex's 9.07% rise. The scrip had also outperformed the market in past one year, surging 57.56% as against Sensex's 15.58% rise.
The large-cap company has equity capital of Rs 3251.74 crore. Face value per share is Rs 10.
Reliance Industries (RIL) held its 40th annual general meeting (AGM) on Friday, 21 July 2017. RIL Chairman Mukesh Ambani announced the launch of JioPhone, which is a 4G VoLTE-enabled feature phone.
Reliance Jio JioPhone will hit the shelves starting the first week of September, and pre-orders begin 24 August 2017, he said. Reliance Jio has close to 100 million paid customers, added Ambani. Reliance Jio Infocomm (Jio) is a telecom subsidiary of RIL.
RIL's consolidated net profit rose 28.3% to Rs 9079 crore on 28.4% to Rs 83471 crore in Q1 June 2017 over Q1 June 2016.
RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

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Volumes jump at Thirumalai Chemicals counter

Jul 24 2017 1:23PM

Thirumalai Chemicals clocked volume of 1.09 lakh shares by 12:30 IST on BSE, a 6.8-times surge over two-week average daily volume of 16,000 shares. The stock surged 12.03% at Rs 1,190.
Videocon Industries notched up volume of 47.22 lakh shares, a 5.69-fold surge over two-week average daily volume of 8.3 lakh shares. The stock advanced 1.34% at Rs 26.40.
Jaiprakash Power Ventures saw volume of 85.91 lakh shares, a 4.57-fold surge over two-week average daily volume of 18.81 lakh shares. The stock jumped 9.85% at Rs 6.52.
Man Infraconstruction clocked volume of 22.54 lakh shares, a 4.51-fold surge over two-week average daily volume of 5 lakh shares. The stock surged 6.91% at Rs 69.65.
Aksh Optifibre saw volume of 27.86 lakh shares, a 3-fold rise over two-week average daily volume of 9.29 shares. The stock galloped 10.78% at Rs 27.75.

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ITC gains after hiking prices of select brands

Jul 24 2017 1:22PM

On the BSE, 7.19 lakh shares were traded on the counter so far as against the average daily volumes of 12.90 lakh shares in the past one quarter. The stock had hit a high of Rs 295.35 and a low of Rs 288.35 so far during the day. The stock had hit a record high of Rs 353.20 on 3 July 2017. The stock had hit a 52-week low of Rs 222.05 on 26 December 2016.
The stock had underperformed the market over the past one month till 21 July 2017, sliding 7.15% compared with 2.38% rise in the Sensex. The scrip also underperformed the market in past one quarter, rising 5.16% as against Sensex's 9.07% rise. The scrip, however, outperformed the market in past one year, gaining 15.61% as against Sensex's 15.58% rise.
The large-cap company has equity capital of Rs 1216.18 crore. Face value per share is Rs 1.
ITC has reportedly increased cigarette prices of its three brands effective 18 July 2017. It has hiked Gold Flake Kings and Classic Rich prices to Rs 300 per 20 pack each while Navy Cut Filter price increased to Rs 188 per 20 pack, reports suggested.
It may be recalled that the Goods & Services Tax (GST) Council in its meet on 17 July 2017, reviewed the compensation cess rates on cigarettes and recommended the increase in the same with effect from 18 July 2017. For non filter cigarettes hike in cess ranged from Rs 485 to Rs 792 per thousand cigarettes while for filter cigarettes increase was in the range of Rs 485 to Rs 792 per thousand cigarettes.
ITC's net profit rose 12.13% to Rs 2669.47 crore on 14.03% growth in net sales to Rs 11125.54 crore in Q4 March 2017 over Q4 March 2016.
ITC is a diversified company, with presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

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Lead futures up amid rising demand

Jul 21 2017 12:40PM

Lead futures were trading higher during the afternoon trade in the domestic market on Friday as participants created fresh positions, taking positive cues from spot market on pick-up in demand.
Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for July 2017 contract was trading at Rs 142 per kg, up by 0.46 per cent, after opening at Rs 141.60, against a previous close of Rs 141.35. It touched the intra-day high of Rs 142.10 (


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Praj Industries-Gevo joint development agreement enters commercialization phase

Jul 26 2017 12:49PM

At the BIO World Congress on Industrial Biotechnology taking place in Montreal, Canada, Praj Industries (Praj) and Gevo, Inc. (Gevo) unveiled a new commercial opportunity in renewable bioproducts, jointly announcing that Gevo's proprietary isobutanol technology will now be available for licensing to processors of sugar cane juice and molasses. This follows on the back of Praj's development work, adapting Gevo's technology to sugar cane and molasses feedstocks.In the first phase of development, Praj worked with Gevo's technology using sugar cane and molasses feedstocks, undertaking test-runs in order to develop a process design package that will now be offered for commercialization to cane juice and molasses-based ethanol plants, as licensees of Gevo's isobutanol technology. Licensing is expected to be focused on Praj plants located in India, South America and South East Asia, with initial capacity targeted to come online in the 2019/2020 timeframe.
In the next phase of commercialization, Praj is working to adapt Gevo's technology to Praj's 2nd Generation bio-refineries enabling the production of isobutanol from lignocellulosic biomass.
Isobutanol has several direct applications as a gasoline blendstock or as a specialty chemical solvent, or it can be used as an intermediate which can be further converted into other chemical products or hydrocarbons such as Gevo's alcohol-to-jet fuel (ATJ) and isooctane.
Isooctane and renewable gasoline made from cane juice and molasses based isobutanol are expected to be very low in carbon content, offering new approaches to markets where low carbon fuels are valued, such as California and other geographies.
Gevo is expected to be the primary off-taker, marketer and initial distributor for isobutanol produced from the plants built by Praj that use Gevo's isobutanol technology.

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International Paper surges after good Q1 numbers

Jul 25 2017 12:51PM

High volumes were witnessed on the counter. On the BSE, 90,000 shares were traded on the counter so far as against the average daily volumes of 11,201 shares in the past one quarter. The stock had hit a high of Rs 337.40 and a low of Rs 314.95 so far during the day. The stock had hit a 52-week high of Rs 376 on 26 April 2017 and a 52-week low of Rs 272 on 9 November 2016.
The stock had outperformed the market over the past one month till 24 July 2017, advancing 6.6% compared with the Sensex's 3.56% rise. The scrip had, however, underperformed the market over the past one quarter declining 11.35% as against the Sensex's 8.73% rise. The scrip had also underperformed the market over the past one year advancing 5.5% as against the Sensex's 15.98% rise.
The small-cap company has equity capital of Rs 39.77 crore. Face value per share is Rs 10.
International Paper APPM is an integrated paper and pulp manufacturing company. The company is engaged in the business of manufacture and sale of pulp, paper and paper board.

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DCW hits 52-week high on recent rally

Jul 19 2017 12:39PM

On the BSE, 19.04 lakh shares were traded on the counter so far as against the average daily volumes of 3.77 lakh shares in the past one quarter. The stock had hit a high of Rs 42.55 so far during the day, which is also its 52-week high. The stock hit a low of Rs 39.75 so far during the day. The stock had hit a 52-week low of Rs 25.65 on 29 September 2016.
The stock had outperformed the market over the past one month till 18 July 2017, advancing 9.72% compared with the Sensex's 2.11% rise. The scrip had also outperformed the market over the past one quarter gaining 10.64% as against the Sensex's 8.16% rise. The scrip had also outperformed the market over the past one year advancing 35.51% as against the Sensex's 14.29% rise.
The small-cap company has equity capital of Rs 43.94 crore. Face value per share is Rs 2.
Shares of DCW rose 20.43% in five trading sessions to its current market price of Rs 42.15, from a close of Rs 35 on 12 July 2017.
DCW's net profit spurted 71.5% to Rs 4.58 crore on 13.6% decrease in net sales to Rs 289.91 crore in Q4 March 2017 over Q4 March 2016.
DCW is engaged in the manufacture of caustic soda, soda ash and polyvinyl chloride (PVC) resin.


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Alembic Pharmaceuticals gets ANDA approval for Olmesartan Medoxomil and Amlodipine Tablets

Jul 18 2017 12:59PM


Alembic Pharmaceuticals has received US Food & Drug Administration (USFDA) Approval for Olmesartan Medoxomil and Amlodipine Tablets, 20mg/5mg, 40mg/5mg, 20mg/10mg and 40mg/10mg. The approved ANDA is therapeutically equivalent to the reference listed drug product Azor Tablets, 20mg/5mg, 40mg/5mg, 20mg/10mg and 40mg/10mg of Daiichi Sankyo Inc. and is indicated in the treatment of hypertension.

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RIL jumps 12.51% in eleven sessions

Jul 17 2017 6:02PM

On the BSE, 1.99 lakh shares were traded on the counter so far as against the average daily volumes of 3.99 lakh shares in the past one quarter. The stock had hit a high of Rs 1,588.80, which is also a 52-week high for the stock. The stock had hit a low of Rs 1,534.30 so far during the day. The stock had hit a 52-week low of Rs 932 on 9 November 2016.
Shares of Reliance Industries (RIL) have risen 12.51% in eleven trading sessions to its current market price, from its close of Rs 1,380.25 on 30 June 2017.
The stock had outperformed the market over the past one month till 14 July 2017, gaining 12.92% compared with 2.78% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 12.22% as against Sensex's 8.69% gains. The scrip had also outperformed the market in past one year, jumping 52.12% as against Sensex's 14.6% rise.
The large-cap company has equity capital of Rs 3251.74 crore. Face value per share is Rs 10.
RIL stock has surpassed Rs 5 lakh crore market capitalization for the first time in history.
RIL's telecom subsidiary Reliance Jio Infocomm (Jio) had announced on 11 July 2017 that Jio Prime Members can enjoy unlimited services for 3 months with Rs 399 plan. The earlier launched Rs 309 plan will provide 2 months of unlimited Jio services.
The company will announce its Q1 results on 20 July 2017. On a consolidated basis, net profit of RIL rose 11.5% to Rs 8053 crore on 42.1% rise in net sales to Rs 84823 crore in Q4 March 2017 over Q4 March 2016.
RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

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SBI Life gets final nod for IPO from SBI central board

Jul 11 2017 1:07PM

State Bank of India said that its central board approved dilution of its stake in its life insurance arm through an initial public offer for which it has already secured the sectoral regulatory approval.
Once it hits the markets, SBI Life Insurance would become the second insurer after ICICI Prudential Life to go public.
"The executive committee of the central board of the bank at a meeting held on Monday, accorded the final approval for divestment of SBI's stake in SBI Life through an IPO," SBI said in an exchange filing.
Last Friday, the Insurance Regulatory and Development Authority of India (IRDAI) approved SBI Life's Rs 7,000 crore IPO application, making it the largest share sale by a life insurer in the country. But the company is awaiting the final approval from the markets watchdog Sebi.
Pending all the approvals from all regulators, the board has decided to go ahead with the share sale of up to 8 crore equity shares, the price of which will be fixed later in consultation with selling shareholders-the parent SBI, and the foreign partner BNP Paribas Cardiff, the filing said.
SBI Life has hired BNP Paribas, Citi, Kotak Investment Bank and Axis Capital to manage the initial share sale.
SBI Life is a joint venture between State Bank and BNP Paribas Cardiff in which SBI holds 70.1 per cent and BNP Paribas Cardiff 26 per cent. Private equity firm KKR and Singapore-government owned investment company Temasek hold 1.95 per cent each in the life insurer.
Meanwhile, shares of the Bank were trading at Rs 288.15 apiece, up 0.91 per cent from the previous close at 12:45 hours on BSE.

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Outcome of board meeting of Unimode Overseas

Jul 10 2017 7:04PM

The Board of Directors of Unimode Overseas at its meeting held on 10 July 2017 has given effect to the reduction of 90% of Paid- up share capital of the Company and has allotted 5,010,507 Equity shares of face value of Rs. 1/- each to every shareholder whose name appears in the List of Members/ Beneficial Owners maintained by RTA/ Depositories as on 22 June 2017, being the Record Date fixed for the same purpose.Consequently, pursuant to reduction, the paid up Equity Share Capital of the Company shall stand reduced to Rs. 5,010,507/- comprising of 5,010,507 Equity shares of face value of Rs. 1/- each.

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Vinati Organics gets reaffirmation in credit ratings for bank facilities

Jul 4 2017 12:55PM

Vinati Organics announced that CARE has reaffirmed its ratings for bank facilities of the Company as under -Short term bank facilities (Rs 31.65 crore) - CARE A1+ Long term/ Short term bank facilities (Rs 30 crore) - CARE AA-; Stable / CARE A1+ Long term / short term bank facilities (Rs 5 crore) - CARE AA-; Stable/ CARE A1+

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L&T Mutual Fund declares 0.02% dividend

Jul 26 2017 12:46PM

L&T Mutual Fund has announced 0.02 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 July 23. The latest NAV of the scheme is Rs 1011.78. The investment objective of the open ended liquid fund scheme is to generate reasonable returns while maintaining safety and providing the investor superior liquidity by investing in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Shriram Ramanathan is the fund manager of the scheme.

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ICICI Prudential Mutual Fund announces 0.01% dividend

Jul 26 2017 12:45PM

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 July 20. 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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0.02% Div announced by Birla Sun Life Mutual Fund

Jul 25 2017 12:50PM

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 July 19.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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0.01% Dividend declared by Tata Mutual Fund

Jul 25 2017 12:50PM

Tata Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Regular Plan” on the face value of Rs 1000 per unit. The record date for the dividend was July 20. The latest NAV of the scheme is Rs 1001.52. The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

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0.08% Dividend declared by Tata Mutual Fund

Jul 24 2017 1:15PM

Tata Mutual Fund has announced 0.08 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Retail Plan” on the face value of Rs 1000 per unit.
The record date for the dividend was July 18. The latest NAV of the scheme is Rs 1015.22.
The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme

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ICICI Prudential Mutual Fund announces 0.01% dividend

Jul 24 2017 1:12PM

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 July 18. 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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0.08% Dividend declared by Tata Mutual Fund

Jul 24 2017 1:11PM

Tata Mutual Fund has announced 0.08 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Retail Plan” on the face value of Rs 1000 per unit.
The record date for the dividend was July 18. The latest NAV of the scheme is Rs 1015.22.
The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

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0.01% Dividend declared by Tata Mutual Fund

Jul 21 2017 12:41PM

Tata Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Regular Plan” on the face value of Rs 1000 per unit. The record date for the dividend was July 18. The latest NAV of the scheme is Rs 1001.52. The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

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Mentha oil futures down on weak demand

Jul 26 2017 12:44PM

Mentha oil futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.
At the MCX, mentha oil futures for July 2017 contract was trading at Rs 1024.50 per kg, down by 1.75 per cent, after opening at Rs 1030.20, against the previous closing price of Rs 1042.70. It touched the intra-day low of Rs 1021

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Lead futures rise on increasing demand

Jul 26 2017 12:44PM

Lead futures were trading higher during the afternoon trade in the domestic market on Wednesday as participants created fresh positions, taking positive cues from spot market on pick-up in demand.
Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for July 2017 contract is trading at Rs 148.30 per kg, up by 0.03 per cent, after opening at Rs 148.75, against a previous close of Rs 148.25. It touched the intra-day high of Rs 150.05 

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Gold futures up on firm global cues

Jul 25 2017 12:49PM

Gold futures were trading up in the afternoon trade in the domestic market on Tuesday as speculators raised their bets amid a firming trend overseas.
Analysts said raising of bets by participants, tracking a firming trend in the global markets as the weakness in the dollar boosted demand for the safe-haven, influenced gold at futures trade.
At the MCX, gold futures for August 2017 contract is trading at Rs 28565 per 10 grams, up by 0.17 per cent, after opening at Rs 28538, against a previous close of Rs 28516. It touched the intra-day high of Rs 28569

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Lead futures rise on increasing demand

Jul 25 2017 12:48PM

Lead futures were trading higher during the afternoon trade in the domestic market on Tuesday as participants created fresh positions, taking positive cues from spot market on pick-up in demand.
Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for July 2017 contract is trading at Rs 145.60 per kg, up by 1.11 per cent, after opening at Rs 144.45, against a previous close of Rs 144. It touched the intra-day high of Rs 145.75

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Lead futures up on pickup in demand

Jul 24 2017 1:10PM

Lead futures were trading higher during the afternoon trade in the domestic market on Monday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade. At the MCX, lead futures for July 2017 contract is trading at Rs 144.15 per kg, up by 0.59 per cent, after opening at Rs 144, against a previous close of Rs 143.30. It touched the intra-day high of Rs 144.65

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Copper futures gain on upbeat demand

Jul 21 2017 12:40PM

Copper futures were trading higher during the noon trade in the domestic market on Friday as traders widened their bets.
Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.
At the MCX, copper futures for August 2017 contract is trading at Rs 388.50 per kg, up by 0.32 per cent, after opening at Rs 387.45, against a previous close of Rs 387.25. It touched the intra-day high of Rs 389.30

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Yellow metal edges lower ahead of ECB meeting

Jul 20 2017 12:47PM

Gold is trading in the red in the afternoon trade on Thursday as markets looked to a meeting of the European Central Bank (ECB) later in the day for clues on the outlook for its stimulus programme.
At the MCX, gold futures for August 2017 contract is trading at Rs 28194 per 10 grams, down by 0.20 per cent, after opening at Rs 28217, against a previous close of Rs 28250. It touched the intra-day high of Rs 28217

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Copper futures gain on spot demand

Jul 19 2017 12:36PM

Copper futures were trading higher during the noon trade in the domestic market on Wednesday as traders widened their bets amid firm global cues.
Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.
At the MCX, copper futures for August 2017 contract is trading at Rs 389.50 per kg, up by 0.13 per cent, after opening at Rs 388.35, against a previous close of Rs 389.00. It touched the intra-day high of Rs 389.80

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Profit Krishna

Mid-Session: Nifty reclaims 10,000 level; broader markets support

Jul 26 2017 12:43PM


The Indian equities continued gaining momentum on Wednesday, with Nifty 50 shares hitting psychological 10,000 mark, driven by buying across realty and metal stocks. Outperforming the benchmark indices, the broader markets were in upbeat mood, with MIDCAP and SMLCAP indices gaining as much as 0.54 per cent and 0.79 per cent, respectively. GE T&D India rallied 20 per cent and locked in upper circuit on the Bombay stock Exchange after the company reported net profit of Rs 61.7 crore in Q1FY18 compared to net loss of Rs 197 crore in Q1FY17, on back of healthy operational growth. 
At 12:10 hours, the 30-share benchmark index was trading at 32326.91, up by 98.64 points or by 0.31 per cent, and the NSE Nifty was at 10000.6, up by 36.05 points or by 0.36 per cent. 
In the day’s trade so-far, Sensex touched intraday high of 32329.67 and intraday low of 32226.08, while the NSE Nifty touched intraday high of 10001.6 and intraday low of 9965.95. 
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 566.30,+2.39%), Mahindra & Mahindra Ltd. (Rs. 1412.60,+1.63%), Reliance Industries Ltd. (Rs. 1627.05,+1.48%), Sun Pharmaceutical Industries Ltd. (Rs. 574.40,+1.37%), ICICI Bank Ltd. (Rs. 307.05,+1.04%), among others. 
On the flip side, Axis Bank Ltd. (Rs. 533.00,-2.14%), Asian Paints Ltd. (Rs. 1131.35,-1.79%), Tata Consultancy Services Ltd. (Rs. 2554.15,-0.64%), Bharti Airtel Ltd. (Rs. 425.60,-0.47%), Bajaj Auto Ltd. (Rs. 2839.35,-0.20%), were among top losers on BSE. 
On the sectoral front, metal and realty stocks emerged as top gainers on BSE, rising as much as 1.71 per cent and 1.28 per cent respectively. 
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2626, shares advanced were 1482, while 993 shares declined and 151 were unchanged.

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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]