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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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Ujaas Energy slumps after dismal Q3 results

Jan 20 2015 4:58PM

The stock hit a high of Rs 19.65 and a low of Rs 18.40 so far during the day. The stock had hit a 52-week low of Rs 10.85 on 31 January 2014. The stock had hit a record high of Rs 42.10 on 17 June 2014.

The stock had outperformed the market over the past one month till 19 January 2015, advancing 25.51% compared with Sensex's 3.25% rise. The scrip had also outperformed the market in past one quarter, jumping 20.56% as against Sensex's 8.25% rise.

The small-cap company has equity capital of Rs 20 crore. Face value per share is Re 1.

Ujaas Energy is engaged in design of various products and solutions for producing clean energy.

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Rail stocks in demand

Jan 20 2015 4:54PM

Texmaco Rail and Engineering (up 1.37%), Kalindee Rail Nirman (Engineers) (up 0.57%), Nelco (up 0.13%), Bharat Heavy Electricals (up 0.18%), Titagarh Wagons (up 0.99%), Zicom Electronic Security Systems (up 2.69%), Stone India (up 2.91%) and Container Corporation of India (up 0.71%) edged higher. BEML (down 1.86%), Kernex Microsystems (India) (down 1.99%), Hind Rectifiers (down 1.8%) and Transformers & Rectifiers (India) (down 0.7%) declined.

Minister of Railways Suresh Prabhu yesterday, 19 January 2015, said that Indian Railways needs investment from all possible sources for speedy development of the railway infrastructure. Towards this, Indian Railways is exploring to draw investments from new sources such as foreign pension funds and other institutions, Prabhu said at a Seminar on “PPP and FDI in Indian Railways” organized by the Centre for Transportation Research and Management (CTRAM) in Secunderabad. In his speech at the seminar, D.P. Pande, Member/Traffic, Railway Board and President, CTRAM, stated that Indian Railways is at the crossroads, unable to meet the present demands due to resource crunch. He said that a staggering amount of Rs 1.18 lakh crore is needed for the completion of 359 major sanctioned railway projects. The need of the hour is for a fresh outlook and innovative thinking to generate required resources, he added.

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Volumes jump at Marico counter

Jan 13 2015 2:24PM

Marico clocked volume of 70.77 lakh shares by 12:44 IST on BSE, a 27.26-times surge over two-week average daily volume of 2.60 lakh shares. The stock rose 2.65% to Rs 325.45.

Prism Cement notched up volume of 5.70 lakh shares, a 20.44-fold surge over two-week average daily volume of 28,000 shares. The stock rose 16.88% to Rs 93.50.

ING Vysya Bank saw volume of 39.25 lakh shares, a 13.75-fold surge over two-week average daily volume of 2.86 lakh shares. The stock rose 2.04% to Rs 979.60.

Zydus Wellness clocked volume of 62,000 shares, a 11.70-fold surge over two-week average daily volume of 5,000 shares. The stock rose 8.20% to Rs 850.95.

Thomas Cook (India) saw volume of 6.59 lakh shares, a 11.42-fold rise over two-week average daily volume of 58,000 shares. The stock rose 15.55% to Rs 208.80.

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Indusind Bank gains after good Q3 outcome

Jan 13 2015 2:22PM

The stock hit a high of Rs 849 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 832.25 so far during the day. The stock hit a 52-week low of Rs 369.05 on 30 January 2014.

The stock had outperformed the market over the past one month till 12 January 2015, rising 6.77% compared with 0.86% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 33.39% as against Sensex's 4.90% rise.

The large-cap private sector bank has an equity capital of Rs 529.05 crore. Face value per share is Rs 10.

Indusind Bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.32% as on 31 December 2014, compared with 0.33% as on 30 September 2014 and 0.31% as on 31 December 2013.

The bank's ratio of gross NPAs to gross advances stood at 1.05% as on 31 December 2014, compared with 1.08% as on 30 September 2014 and 1.18% as on 31 December 2013.

Provisions and contingencies fell 22.31% to Rs 98.01 crore in Q3 December 2014 over Q3 December 2013.

The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.39% as on 31 December 2014, compared with 12.96% as on 30 September 2014 and 14.38% as on 31 December 2013.

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Tata Motors slips on buzz ship carrying JLR's vehicles runs aground

Jan 7 2015 2:48PM

The stock hit a high of Rs 496.35 and a low of Rs 491.30 so far during the day. The stock hit a record high of Rs 550.80 on 18 November 2014. The stock hit a 52-week low of Rs 331.05 on 4 February 2014.

The stock of auto firm had outperformed the market over the past one month till 6 January 2015, falling 4.52% compared with 5.17% fall in the Sensex. The scrip had however underperformed the market in past one quarter, declining 0.33% as against Sensex's 1.58% rise.

Salvage experts are reportedly working around the clock to right the Hoegh Osaka, which has been stuck on a sandbank off the south coast of England since Saturday, 3 January 2015. Range Rovers and other Jaguar Land Rover models accounting for most of the 1,400 vehicles aboard are covered by insurance, report said. The ship's owner, Hoegh Autoliners, has reportedly said its crew deliberately beached the ship after it began listing dangerously following its departure from the port of Southampton, bound for Germany. An investigation is underway, report added.

Tata Motors' consolidated net profit fell 7.1% to Rs 3290.86 crore on 6.5% rise in total income to Rs 60809.13 crore in Q2 September 2014 over Q2 September 2013.

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Maruti edges higher on strong production in December

Jan 7 2015 2:46PM

The stock hit a high of Rs 3,420.90 and a low of Rs 3,395.05 so far during the day. The stock hit a record high of Rs 3,467.25 on 5 January 2015. The stock hit a 52-week low of Rs 1,541.25 on 28 January 2014.

The stock of car maker had outperformed the market over the past one month till 6 January 2015, falling 0.3% compared with 5.17% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.37% as against Sensex's 1.58% rise.

Maruti Suzuki India had said on 1 January 2015. its total sales rose 20.8% to 1.09 lakh units in December 2014 over December 2013.

The company reportedly yesterday, 6 January 2014, hiked prices of its vehicles by up to Rs 31,600 following the expiry of excise duty concessions extended to the auto sector. The government has reportedly not extended tax breaks to automakers beyond 31 December 2014.

In February last year, the Congress led UPA government in its interim budget had reduced excise duty on automobiles for a limited period until 30 June 2014. Later, the new BJP government which came to power in May last year extended the concessional excise duty on automobiles until 31 December 2014. The excise duty on small cars, scooters, motorcycles and commercial vehicles was cut to 8% from 12%. The same for SUVs (sports utility vehicles) was slashed to 24% from 30%, while on large cars it was reduced to 24% from 27% and mid-sized cars to 20% from 24%.

Maruti Suzuki India's net profit rose 28.7% to Rs 862.54 crore on 18.2% rise in total income to Rs 12497.03 crore in Q2 September 2014 over Q2 September 2013.

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Power Grid gains on plans to establish substations at Delhi

Jan 7 2015 2:46PM

The stock hit a high of Rs 137.10 and a low of Rs 133.65 so far during the day. The stock hit a 52-week high of Rs 150.85 on 11 November 2014. The stock hit a 52-week low of Rs 93.25 on 28 February 2014.

The stock of power distribution firm had outperformed the market over the past one month till 6 January 2015, falling 0.18% compared with 5.17% fall in the Sensex. The scrip had however underperformed the market in past one quarter, rising 0.18% as against Sensex's 1.58% rise.

Minister of Road Transport & Highways and Shipping Nitin Gadkari yesterday, 6 January 2015, laid the foundation of 400/220 kV sub-station with 2000 MVA capacity of PGCIL at Tughlakabad, Delhi. In order to facilitate handling of increasing quantum of power with reliability, four nos. of 400/220kV substations along with associated 400kV transmission network under Inter State Transmission System (ISTS) are being implemented within the periphery of Delhi to import power from various sources outside Delhi. These ISTS 400/220 kV substations are planned to be established at Rajghat, Tughlakabad, Karampura and Papankalan in Delhi by PGCIL, the Ministry of Power said after trading hours yesterday, 6 January 2015.

Power Grid Corporation of India's net profit fell 3.1% to Rs 1201.27 crore on 5% rise in total income to Rs 4309.26 crore in Q2 September 2014 over Q2 September 2013.

The government of India holds 57.9% stake in the firm as at 30 September 2014.

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Volumes jump at Den Networks counter

Jan 5 2015 5:53PM

Den Networks clocked volume of 21.44 lakh shares by 13:40 IST on BSE, a 106.03-times surge over two-week average daily volume of 20,000 shares. The stock surged 5.27% at Rs 144.90.

Gujarat State Petronet notched up volume of 33.70 lakh shares, a 29.96-fold surge over two-week average daily volume of 1.12 lakh shares. The stock rose 3.26% at Rs 117.20.

Ashiana Housing saw volume of 3.17 lakh shares, a 20.76-fold surge over two-week average daily volume of 15,000 shares. The stock surged 6.49% at Rs 224. The company said that the Credit Analysis and Research has revised its credit rating given to the company from CARE BBB+ to CARE A-. This revision is given considering the recent developments including the operational and financial performance of the company, Ashiana Housing said.

Centum Electronics saw volume of 1.15 lakh shares, a 19.62-fold surge over two-week average daily volume of 6,000 shares. The stock rose 2.13% at Rs 694.95.

Indraprastha Medical Corp saw volume of 12 lakh shares, a 16.70-fold surge over two-week average daily volume of 72,000 shares. The stock jumped 16.72% at Rs 69.80.

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Welspun Syntex to hold board meeting

Jan 20 2015 5:03PM

Welspun Syntex will hold a meeting of the Board of Directors of the Company on 29 January 2015, to consider and approve Un-audited Financial Results for the third quarter ended 31 December 2014

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NTPC to hold board meeting

Jan 20 2015 5:01PM

NTPC will hold a meeting of the Board of Directors of the Company on 30 January 2015, to approve and take on record the unaudited Financial Results for the quarter and nine months period ended on 31 December 2014 (Q3)

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Acknit Industries announces demise of director

Jan 13 2015 5:05PM

Acknit Industries announced that M. K. Nath, Non-executive Independent Director of the Company, passed away on 31 December 2014. Accordingly, M. K. Nath ceased to be Director of the Company with effect from 31 December 2014.

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Yes Bank allots equity shares

Jan 13 2015 5:01PM

Yes Bank has allotted 2,89,944 (Two Lakh Eighty Nine Thousand Nine Hundred and Forty Four) equity shares of face value of Rs.10/- each on January 12, 2015 under the Joining Employee Stock Option Plan-ll (JESOP-II), YBL ESOP and YBL JESOP V/PESOP-II. The paid up share capital of the Bank has accordingly been increased from Rs. 4,17,25,56,500 consisting of 41,72,55,650 equity shares of Rs. 10/- each to Rs. 4,17,54,55,940 consisting of 41,75,45,594 equity shares of Rs. 10/- each.

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SJVN announces change in directorate

Jan 7 2015 2:53PM

SJVN announced that as per the Ministry of Power, Government of India's order dated 06 January 2015 R. N. Misra, Director (Civil) will hold the charge of CMD, SJVN w.e.f. 06 January 2015, in addition to his present duty for an initial period of three months or till further orders, whichever is earlier.

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Bank of Baroda updates on proposed UFBU strike

Jan 7 2015 2:49PM

Bank of Baroda announced that it has been informed by Indian Banks' Association (IBA) that on being satisfied with the further improvement in offer in wage hike by IBA, the UFBU has decided to defer the strike scheduled on 07 January 2015.

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PSL announces demise of director

Jan 5 2015 5:54PM

PSL announced that due to sudden death of Prakash Vinayak Apte on 15 November 2014, he ceases to be the Director on the Board of the Company with effect from 15 November 2014.

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Dhanlaxmi Bank announces appointment of director

Dec 16 2014 3:16PM

Dhanlaxmi Bank announced that Reserve Bank of India (RBI) has appointed Harihar Mishra, General Manager, RBI, Bengaluru, as Additional Director of the Bank in place of Shri Raja Selvaraj, General Manager, Reserve Bank of India, Chennai for a period of two years with effect from 09 December 2014 to 08 December 2016 or till further orders, whichever is earlier.

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Mutual funds turn buyers

Jan 20 2015 5:04PM

Mutual funds bought shares worth a net Rs 217.20 crore on Monday, 19 January 2015, compared with net outflow of Rs 112.10 crore on Friday, 16 January 2015.

The net inflow of Rs 217.20 crore on 19 January 2015 was a result of gross purchases of Rs 770.20 crore and gross sales of Rs 553 crore. The S&P BSE Sensex rose 140.12 points or 0.5% to settle at 28,262.01 on that day, its highest closing level since 5 December 2014.

Mutual funds have bought shares worth Rs 1838.10 crore in this month so far (till 19 January 2015). Mutual funds had bought shares worth Rs 7036.90 crore in December 2014.

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HDFC Short Term Opportunities Fund Announces Change In Exit Load Structure

Jan 13 2015 5:10PM

HDFC Mutual Fund has announced change in exit load structure under HDFC Short Term Opportunities Fund, with effect from 16 January 2015.

Accordingly the revised exit load will be:

In respect of each purchase / switch-in of units, an exit load of 0.25% is payable if units are redeemed / switched-out within 1 month from the date of allotment.

No exit load is payable, if units are redeemed / switched-out after 1 month from the date of allotment.

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Birla Sun Life Manufacturing Equity Fund Floats On

Jan 13 2015 5:08PM

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Manufacturing Equity Fund, an open ended manufacturing sector scheme. The tenure of the scheme is 1099 days from the date of allotment of units. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 13 January and close on 27 January 2015.

The primary investment objective of the Schemes is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in manufacturing activity.

The scheme offers two options viz. growth and dividend option with payout & reinvestment facility.

The scheme would invest 80%-100% of assets in equity & equity related securities of manufacturing sector companies with high risk profile and invest upto 20% of assets in cash, money market & debt instruments with low 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.

Entry load: Nil.

Exit load:

For redemption / switch-out of units within 365 days from the date of allotment: 1.50% of applicable NAV.

For redemption / switch-out of units after 365 days but within 540 days from the date of allotment: 1% of applicable NAV.

For redemption/switch-out of units after 540 days from the date of allotment: Nil.

Benchmark Index for the scheme is S&P BSE 500.

The fund manager of the scheme will be Anil Shah.

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ICICI Prudential Fixed Maturity Plan – Series 76 – 1100 Days Plan G Floats On

Jan 13 2015 5:06PM

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 76 – 1100 Days Plan G, a close ended debt scheme. The tenure of the scheme is 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue opens for subscription from 13 January to 21 January 2015.

The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme.

Presently, two options are available under the scheme viz. cumulative and dividend with only dividend payout option.

The scheme will invest 70%-100% of its assets in debt instruments including government securities and invest upto 30% of assets in money market instruments with low to medium risk profile. The scheme will not have any exposure to derivatives and if a scheme decides to invest in securitized debt (Single loan and / or Pool loan Securitized debt), it could be upto 25% of the corpus of the Plan.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

The scheme is proposed to be listed on NSE.

Entry load and exit load charge are not applicable for the scheme.

Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.

The fund managers of the scheme are Rahul Goswami and Rohan Maru.

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BOI AXA Capital Protection Oriented Fund – Series 3 Floats On

Jan 7 2015 2:57PM

BOI AXA Mutual Fund has launched a new fund named as BOI AXA Capital Protection Oriented Fund – Series 3, a close-ended capital protection oriented scheme. The New Fund Offer price is Rs 10 per unit. The tenure of the scheme will be 41 months from the date of allotment. The new issue will open for subscription from 07 January to 21 January 2015.

The investment objective of the Scheme is to generate income by investing in a portfolio of fixed income and money market instruments maturing on or before the maturity date of the Scheme.

The scheme offers regular plan and direct plan. Both regular plan and direct plan offer growth option and dividend payout option.

The scheme will invest 75%-100% of assets in debt and money market securities with low to medium risk profile and invest upto 25% of assets in equity & equity related instruments with high risk profile

The minimum application amount is Rs 5000 and in multiples of Re.1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry load: Nil.

Exit load: Not Applicable.

Benchmark index for the scheme is CRISIL MIP Blended Fund Index.

The fund managers of the scheme are Alok Singh and Surabh Kataria.

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Canara Robeco Capital Protection Oriented Fund

Jan 7 2015 2:55PM

Canara Robeco Mutual Fund has filed offer document with Sebi to launch Canara Robeco Capital Protection Oriented Fund– Series 4 & 5, a close ended capital protection oriented scheme. The New Fund Offer price is Rs 10 per unit. The scheme is rated AAAmfs(SO)! by CARE. Each series of the scheme will have the tenure ranging between 12 and 66 months from and including the date of allotment.

Investment objective: To seek capital protection by investing in high quality fixed income securities maturing on or before the maturity of the scheme and seeking capital appreciation by investing in equity and equity related instruments.

Plans/ option(s): Growth and dividend (payout) options under both regular plan and direct plan.

Benchmark: CRISIL MIP Blended Fund Index

Loads: Nil

Minimum Application Amount: Rs.5,000 and in multiples of Rs 10 thereafter.

Minimum Target Amount: Rs 20 crore for each series

Asset Allocation:

For tenure up to 18 months: The scheme shall invest 90-100% in Indian debt instruments and money market instruments and up to 10% in equity and equity related instruments.

For tenure of more than 18 but less than or equal to 24 months: The scheme shall invest 85-100% in Indian debt instruments and money market instruments and up to 15% in equity and equity related instruments.

For tenure more than 24 but less than or equal to 36 months: The scheme shall invest 80-100% in Indian debt instruments and money market instruments and up to 20% in equity and equity related instruments.

For tenure of more than 36 months but less than or equal to 66 months: The scheme shall invest 70-100% in Indian debt instruments and money market instruments and up to 30% in equity and equity related instruments.

Fund Managers: Krishna Sanghavi and Suman Prasad

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Tata MF Announces Extension of Maturity Under Tata Fixed

Dec 16 2014 3:19PM

Tata Mutual Fund has announced the extension of maturity of Tata Fixed Maturity Plan Series 45 - Scheme D, a close ended debt fund.

The Trustees have decided to extend the maturity of the scheme in accordance with Regulation 33 (4) of SEBI (Mutual Funds) Regulations, 1996 by 727 days. Pursuant to extension, the Scheme shall mature on 10 January 2017 or the immediately following Business Day, if such day is not a Business Day.

Tata Fixed Maturity Plan Series 45 - Scheme D was launched on 03 January 2014. The units under the Scheme were allotted on 10 January 2014. The Scheme is scheduled to mature on 14 January 2015.

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Reliance Fixed Horizon Fund – XXVIII – Series 1 Floats On

Dec 16 2014 3:18PM

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXVIII – Series 1, a close ended income scheme with the duration of 1206 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 16 December to 18 December 2014.

This product is suitable for investors seeking returns and growth over the term of the fund limiting interest rate volatality by investment in debt, money market and G-sec instruments maturing on or before the date of maturity of the scheme with low risk - Blue.

The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

The scheme offers two options growth and dividend pay out option under Regular Plan and Direct Plan.

The scheme will allocate upto 20% of its assets in money market instruments with low risk profile and invest 80%-100% of its assets in government securities & debt instruments with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

The fund manager of the scheme will be Amit Tripathi.

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Limited supplies lift Mentha oil futures

Jan 20 2015 5:07PM

Mentha oil prices rose by 0.33 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for January 2015 contract, at MCX, were trading at Rs. 727.30 per kg, up by 0.33 per cent after opening at Rs. 724 against the previous closing price of Rs. 724.90. It touched the intra-day high of Rs. 728.90 till the trading. (At 2.45 PM today).

Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.

About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.

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Chana dips on waning demand

Jan 13 2015 5:14PM

Chana prices closed lower by 0.88 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for June 2014 contract were trading at Rs. 3,507 per quintal, down by 0.88 per cent, after opening at Rs. 3,521 against the previous closing price of Rs. 3,538. It touched the intra-day low of Rs. 3,470 till the trading. (at 4.00 PM today).

India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production

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Zinc prices fell by 0.91 per cent on Tuesday at MCX market

Jan 13 2015 5:12PM

 Zinc prices fell by 0.91 per cent on Tuesday at the domestic markets as growing concerns over a slowdown in global demand combined with a stronger U.S. dollar dampened the appeal of the metal. Zinc futures for January 2015 contract, at MCX, were trading at Rs 131.15 per kg, down by 0.91 per cent after opening at Rs. 132.40 against the previous closing price of Rs. 132.35. It touched the intra-day low of Rs. 131.15 till the trading. (At 3.50 PM today).

However, losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 3175 metric tonnes to 667700 metric tonnes as on Jan 13, 2015.

Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

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Castorseed dips on higher arrivals

Dec 15 2014 4:59PM

 Castorseed prices fell by 0.28 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for December 2014 contract was trading at Rs. 4,657 per quintal tonnes, down by 0.28 per cent, after opening at Rs. 4,690 against the previous closing price of Rs. 4,670. It touched the intra-day low of Rs. 4,635 till the trading. (At 3.52 PM today).

Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil.

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Disappointing China data weighs on Copper

Dec 12 2014 2:21PM

Copper futures fell in the domestic market on Friday as investors and speculators exited positions in the industrial metal after China’s industrial output grew at a weaker pace in November, signaling a deepening economic slowdown in the world’s biggest metals consumer, clouding the demand outlook for copper. Factory output grew 7.2 per cent, year on year in November 2014, the lowest pace of growth in three months, and missing the 7.5 per cent gain estimated by analysts. At the MCX, copper futures for February 2015 contract is trading at Rs. 408.15 per 1 kg, down by 0.12 per cent, after opening at Rs. 409.15, against the previous closing price of Rs. 408.65. It touched an intra-day low of Rs. 407.95

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Cardamom prices fell by 1.17 per cent on Friday

Dec 5 2014 4:32PM

 Cardamom prices fell by 1.17 per cent on Friday at the Multi Commodity Exchange (MCX) on account of good selling activity from traders and speculators. At MCX, Cardamom futures for December 2014 contract were trading at Rs 777.50 per kg, up by 1.17 per cent, after opening at Rs. 790 against the previous closing price of Rs. 786.70. It touched the intra-day low of Rs. 773.60 till the trading. (At 03.10 PM today). Sentiment declined further as a result of declining demand in the market against over supply from producing belts of Chandausi in Uttar Pradesh.

Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.

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Lead increases as stockpiles decline

Dec 5 2014 4:29PM

Lead prices rose at the domestic commodity market on Friday as the stockpiles of the base metal at the London Metal Exchange (LME) declined. LME linc stocks declined by 2300 metric tonnes to 226775 metric tonnes as on December 5, 2014.

At the MCX, lead futures, for the December 2014 contract, is trading at Rs 126.30 per kg, up by 0.04 per cent, after opening at Rs 126.10, against a previous close of Rs 126.25. It touched an intra-day high of Rs 126.40 till the trading

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Copper slides on sluggish global demand outlook

Dec 2 2014 1:58PM

Copper prices fell by 0.83 per cent on Tuesday at the domestic markets after weak Chinese and Euro area manufacturing data showed that factories had grinded to a halt which in turn reduced the demand prospects for the industrial metal. China’s manufacturing gauge slumped to the no-change 50 mark last month from 50.4 in October, while that in the Euro area fell to 50.1 from 50.6. At the MCX, copper futures for February 2015 contract were trading at Rs.400.20 per 1 kg, down by 0.83 per cent, after opening at Rs. 400.85 against the previous closing price of Rs. 403.55. It touched the intra-day low of Rs. 400.10 till the trading. (At 11.33 AM today).

However, losses were limited the Institute for Supply Management said its index of purchasing managers fell to 58.7 last month from a reading of 59.0 in October easing concerns over the health of the economy which raised the demand outlook for the metal.

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Post Session- Sensex ends flat on profit booking; Fed eyed

Jan 28 2015 5:32PM

The Indian market Snapping an eight-session winning run, the Sensex closed marginally in the red today as investors booked profits after the key domestic benchmarks surged to record highs in recent sessions amid optimism over Asia’s third biggest economy. Further, investors adopted a cautious approach ahead of the US Federal Reserve’s verdict today where it is likely to stick to its ultra-accommodative monetary policy stance and refrain from raising borrowing costs, a move which may continue to bolster foreign fund inflows into India. The FOMC is tipped to re-affirm its commitment to be “patient” over monetary tightening.

The BSE SENSEX closed at 29,559.18, down by 11.86 points or by 0.04 per cent and the NSE Nifty ended at 8,914.3, up by 3.8 points or by 0.04 per cent.

The BSE Sensex touched intraday high of 29,786.32 and intraday low of 29,417.67 The NSE Nifty touched intraday high of 8,985.05 and intraday low of 8,874.05.

Meanwhile, the BSE MIDCAP closed at 10,808.44, up by 27.97 points or by 0.26 per cent, while the BSE SMLCAP closed at 11,369.11, down by 55.37 points or by 0.48 per cent.

On the Sectoral front, Capital Goods and Metals shed 1.45 per cent and 1.43 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3116, shares advanced were 1205 while 1794 shares declined and 117 were unchanged.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 373.75,-4.99%), Sesa Sterlite Ltd. (Rs. 200.80,-2.90%), Tata Motors Ltd. (Rs. 589.15,-2.64%), Larsen & Toubro Ltd. (Rs. 1697.65,-2.51%), Tata Steel Ltd. (Rs. 390.90,-1.80%), among others.

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LME Inventory

Oct 21 2014 1:52PM

       COPPER: -100

       ZINC: -1650

       LEAD: 0

       NICKLE: +630

       ALUMINIUM: -1015

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]