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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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State Bank of Travancore declines after weak numbers in Q2

Oct 30 2014 1:08PM

The stock hit a high of Rs 432.90 and a low of Rs 417.40 so far during the day. The stock had hit a 52-week low of Rs 364.50 on 14 March 2014. The stock had hit a 52-week high of Rs 662.90 on 11 June 2014.

The stock had underperformed the market over the past one month till 29 October 2014, sliding 1.99% compared Sensex's 1.88% rise. The scrip had also underperformed the market in past one quarter, declining 30.04% as against Sensex's 4.26% rise.

The small-cap bank has equity capital of Rs 59.25 crore. Face value per share is Rs 10.

State Bank of Travancore (SBT)'s ratio of gross non-performing assets (NPAs) to gross advances stood at 5.11% as on 30 September 2014, up from 4.69% as on 30 June 2014 and 3.5% as on 30 September 2013. The ratio of net NPAs to net advances stood at 3.2% as on 30 September 2014, up from 2.93% as on 30 June 2014 and 2.07% as on 30 September 2013.

The bank's provisions and contingencies declined 4.14% to Rs 241.49 crore in Q2 September 2014 over Q2 September 2013.

SBT's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 10.16% as on 30 September 2014 as against 10.28% as on 30 June 2014 and 10.13% as on 30 September 2013.

SBT is an affiliate of State Bank of India (SBI), which is India's biggest commercial bank in terms of branch network. SBI holds 78.91% stake in SBT (as per the shareholding pattern as on 30 September 2014).

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Gati, a pioneer and leader in Express Distribution

Oct 30 2014 1:07PM

The stock hit a high of Rs 212.30 and a low of Rs 203.90 so far during the day. The stock had hit a 52-week high of Rs 212.50 on Wednesday, 29 October 2014. The stock had hit a 52-week low of Rs 26.50 on 29 October 2013.

The stock had outperformed the market over the past one month till 29 October 2014, rising 13.65% compared with 1.88% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 76.42% as against Sensex's 4.26% rise.

The small-cap company has equity capital of Rs 17.45 crore. Face value per share is Rs 2.

Gati said that the company's cold chain arm, Gati Kausar India, raised Rs 150 crore from funds managed by Mandala Capital. Mandala Capital manages private equity (PE) funds that invest in companies focused on the agribusiness sector within the Indian subcontinent.

Out of the Rs 150 crore, Rs 30 crore has been invested in the form of equity shares and Compulsory Convertible Preferential shares (CCPS) and the remaining Rs 120 crore shall be invested in the form of Non-Convertible Bonds (NCB), Gati said.

The funds raised by Gati Kausar will be utilised primarily for building a network of cold warehouses across the country over the next three years thus enabling the company to offer integrated cold chain logistics and supply chain management, as well as value added services. Gati Kausar already transports refrigerated goods across verticals such as healthcare, meat & poultry, bio-pharma, frozen & fresh produce, dairy products, organised retail and quick service restaurants. With an existing fleet size of approximately 200 vehicles, Gati Kausar intends to build synergies for its clients by offering both reefer storage and transportation under one roof the company said.

Commenting on the PE investment, Mr. Mahendra Agarwal, Founder & CEO said, “The investment in Gati Kausar will give us the impetus to position ourselves as the end-to-end solution provider for the cold chain industry. We are confident that with the expansion in the cold warehouses across the country in the next 3 years, we will emerge leaders in this sector too."

Gati, a pioneer and leader in Express Distribution and Supply Chain Solutions in India, delivers over 6 million packages per month. Having started as a cargo management company in 1989, Gati has grown into an organization with more than 4,000 business partners and a network reach of 667 out of total 671 districts in India. Gati has over 4500 vehicles on the road excluding their fleet of refrigerated vehicles, container shipping vessels and world class warehousing facilities across India. Furthermore, Gati has a market presence in the Asia Pacific region and SAARC countries. Gati has offices in India, Singapore, Hong Kong, China, Nepal and Thailand.

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

Oct 30 2014 1:06PM

The stock hit a high of Rs 655.10 so far during the day, which is also its record high for the counter. The stock hit a low of Rs 635.70 so far during the day. The stock had hit a 52-week low of Rs 292.10 on 4 February 2014.

The stock had outperformed the market over the past one month till 29 October 2014, jumping 12.3% compared Sensex's 1.88% rise. The scrip had also outperformed the market in past one quarter, surging 19.05% as against Sensex's 4.26% rise.

The large-cap bank has equity capital of Rs 416.62 crore. Face value per share is Rs 10.

Yes Bank's net interest income (NII) rose 27.4% to Rs 856.40 crore in Q2 September 2014 over Q2 September 2013. Non interest income rose 13.3% to Rs 505.60 crore in Q2 September 2014 over Q2 September 2013.

Gross non performing advances as a proportion of gross advances was at 0.36%, while net non performing advances as a proportion of net advances was at 0.09% as at 30 September 2014. Bank's specific loan loss provision coverage was at 75.8% as at 30 September 2014. Total restructured advances (excluding NPAs) stand at Rs 116.30 crore as at 30 September 2014. This represents 0.19% of the gross advances, down from 0.26% (Rs 125.5 crore) as at 30 September 2013, Yes Bank said.

As per Basel III, Tier I capital stood at 12.2% and total CRAR stood at 17.4% as at 30 September 2014.

Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director & CEO, Yes Bank said that the bank has witnessed healthy growth in net profit of 30%, on the back of strong NII, and continued focus on revenue and business diversity leading to a stable increase in non-interest income. The bank has continued to deliver steady performance in Q2 September 2014 maintaining healthy asset quality with meaningful expansion in NIMs, he added.

Mr. Kapoor further added that, the bank continues to invest in retail branches and retail sales force, reflecting in CASA ratio improvement to 22.5% as on 30 September 2014. The Bank has also established a robust SME & Retail Assets Banking platform which are becoming important growth drivers, he added. The business metrics and performance have registered consistent improvement which is also reflected in the recent ratings upgrade received by the Bank from ICRA & CARE, Mr. Kapoor said.

Meanwhile, Ms. Radha Singh took charge as the non-executive part-time Chairperson of the board pursuant to the approval granted by the Reserve Bank of India.

Yes Bank is one of the leading private sector banks in India.

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CCL Products (India) is a manufacturer

Oct 29 2014 1:02PM

The stock hit a high of Rs 70 and a low of Rs 65 so far during the day. The stock had hit a 52-week high of Rs 76.10 on 21 May 2014. The stock had hit a 52-week low of Rs 30.45 on 30 October 2013.

The stock had outperformed the market over the past one month till 28 October 2014, surging 12.03% compared with Sensex's 0.96% rise. The scrip had also outperformed the market in past one quarter, advancing 3.86% as against Sensex's 3.42% rise.

The small-cap company has equity capital of Rs 89.86 crore. Face value per share is Rs 10.

IL&FS Engineering and Construction Company announced that it received a letter of award (LOA) from IL&FS Maritime Infrastructure Company (IMICL) on behalf of Dighi Port for a total value of Rs 179.84 crore for engineering, procurement, and construction (EPC) contract for development of Multipurpose Berth, Backup Yard Development and Utilities of Multipurpose Terminal Berth 5 on North Side of Dighi Port, Agardanda in the state of Maharashtra. The project completion period is 545 days from the date of Notice to Proceed (NTP).

IL&FS Engineering and Construction Company reported net loss of Rs 37.05 crore in Q1 June 2014 compared with net profit of Rs 2 crore in Q1 June 2013. Net sales rose 11.8% to Rs 538.41 crore in Q1 June 2014 over Q1 June 2013.

IL&FS Engineering and Construction Company is a infrastructure development, construction and project management company.

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CCL Products scales record high on rich Q2 brew

Oct 29 2014 12:59PM

The stock scaled a record high of Rs 140.50 in intraday trade today, 29 October 2014. The stock hit a low of Rs 132.95 so far during the day. The stock hit a 52-week low of Rs 26.30 on 13 November 2013.

The small-cap stock had outperformed the market over the past one month till 28 October 2014, rising 13.9% compared with 0.96% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 81.58% as against Sensex's 3.42% rise.

The company's equity capital is Rs 26.61 crore. Face value per share is Rs 2.

CCL Products (India) is a manufacturer and exporter of powdered and granulated coffee. The company exports instant coffee under different international and domestic brand names.

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Dabur India gains after clarification

Oct 29 2014 12:58PM

The stock was intensely volatile. The stock rose as much as 2.48% at the day's high of Rs 218.60 so far during the day. The stock lost as much as 0.6% at the day's low of Rs 212 so far during the day. The stock had hit a record high of Rs 235.40 on 27 August 2014. The stock had hit a 52-week low of Rs 154 on 5 February 2014.

The stock had underperformed the market over the past one month till 28 October 2014, sliding 4.63% compared with Sensex's 0.96% rise. The scrip had, however, outperformed the market in past one quarter, advancing 7.7% as against Sensex's 3.42% rise.

The large-cap company has equity capital of Rs 175.64 crore. Face value per share is Re 1.

Dabur India issued a clarification with regard to news item titled "Three black money account holders". The company said that since the media reports relates to one of the burman family members (not the company and its directors), necessary clarification was issued to the media by the burman family only and not by Dabur India.

The clarification from burman family said that the said account was opened when Pradip Burman was an NRI, and was legally allowed to open this account. The statement further said that all the laws and the complete details regarding the account have been voluntarily, and as per law, filed with the Income Tax Department, and appropriate taxes paid, wherever applicable. Therefore it is unfortunate that every person having a foreign bank account is being painted with the same brush, it added.

The clarification further said that Pradip Burman is not a member on the board of directors of Dabur India. Burman is one of the promoters of the company, it added.

The aforesaid news items published in the various news media have no material impact on Dabur India, the clarification stated.

Dabur India announces its Q2 September 2014 results on 3 November 2014. On a consolidated basis, Dabur India's net profit rose 13.3% to Rs 210.81 crore on 13.2% growth in net sales to Rs 1863.90 crore in Q1 June 2014 over Q1 June 2013.

Dabur India is one of India's leading FMCG companies. Dabur operates in key consumer product categories like hair care, oral care, health care, skin care, home care and foods.

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ABB India cuts losses after decent Q3 earnings

Oct 28 2014 5:03PM

The stock was volatile. The stock lost as much as 6.1% at the day's low of Rs 1,085.10 so far during the day. The stock rose as much as 2.02% at the day's high of Rs 1,179 so far during the day. The stock had hit a 52-week high of Rs 1,263.50 on 22 September 2014. The stock had hit a 52-week low of Rs 568.05 on 30 January 2014.

The stock had underperformed the market over the past one month till 27 October 2014, declining 0.26% as compared with Sensex's 0.48% rise. The scrip had, however, outperformed the market in the past one quarter, advancing 11% as compared to the Sensex's 2.4% rise.

The large-cap company has equity capital of Rs 42.38 crore. Face value per share is Rs 2.

The net profit of Rs 2.42 crore of Baldor Electric India (erstwhile wholly owned subsidiary of the company) on amalgamation, from the appointed date i.e. 1 April 2012 to 31 December 2012 of the earlier year has been accounted separately in the previous year ended 31 December 2013. The scheme has become effective on 1 November 2013. The financial results for the corresponding three months ended 30 September 2013 in the previous year and year to date figures for the previous year ended 30 September 2013 has been restated to include results of operations of Baldor in these periods, ABB India said.

ABB India said that revenues grew across all divisions and exports continued to remain in focus.

ABB India said it maintained a healthy double digit growth in earnings for the quarter demonstrating benefits from improved execution, better productivity and continued savings from operational excellence initiatives. Tight market liquidity conditions and high cost of capital continue to weigh on earnings, ABB India said in a statement.

ABB India's orders declined 19.35% to Rs 1421 crore in Q3 September 2014 over Q3 September 2013. Order intake during the quarter remained subdued as few large orders were awarded and some are awaiting contract closure, ABB India said in a statement.

The company's order backlog stood at Rs 7666 crore at the end of 30 September 2014, as compared to Rs 8252 crore as on 30 September 2013.

Bazmi Husain, MD, ABB India said, "We hope the positive sentiments will transform into on-ground reality soon. In the meanwhile we continue to push hard on our growth initiatives while we driver our relentless execution and further step up the momentum on cost savings. ABB in India is well positioned to cater to the next level of growth, continued to create value for our customers and stakeholders".

ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.

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US-based Timken Company

Oct 28 2014 5:01PM

Bulk deal boosted volume on the scrip. On BSE, so far 3.96 lakh shares were traded in the counter as against average daily volume of 1.06 lakh shares in the past one quarter.

The stock hit a high of Rs 433 and a low of Rs 412.55 so far during the day. The stock hit a record high of Rs 482.90 on 27 August 2014. The stock hit a 52-week low of Rs 152.30 on 22 November 2013.

The stock had outperformed the market over the past one month till 27 October 2014, rising 5.31% compared with 0.48% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 24.13% as against Sensex's 2.4% rise.

The small-cap company has an equity capital of Rs 68 crore. Face value per share is Rs 10.

Timken India's net profit jumped 114.5% to Rs 25.95 crore on 34.4% rise in net sales to Rs 226.21 crore in Q1 June 2014 over Q1 June 2013.

US-based Timken Company, a major manufacturer and supplier of bearings, alloy steel, power transmission components holds 75% in Timken India (as per the shareholding pattern as on 30 September 2014).

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Board of Global Infratech & Finance approves bonus issue of equity shares

Oct 30 2014 1:09PM

Global Infratech & Finance announced that the Board of Directors of the Company at its meeting held on 04 August 2014, have approved following businesses, subject to approval of Members in forthcoming Annual General Meeting scheduled to be held on 26 September 2014 :

1. Approved the appointment of M/s. Pradeep Gupta as Statutory Auditors of the Company for next five financial years.

2. Approved the Appointment of Allan Paul as Executive Director of the Company with effect from 01 October 2014.

3. Approved the Appointment of S. Swaminathan as Independent Director of the Company for 5 years commencing from 28 May 2014.

4. Approved the Appointment of Ashok Bothra as Independent Director of the Company for 5 years commencing from 01 April 2014.

5. Approved to Increase its Authorized Capital from Rs. 25.00 crore to Rs. 27.00 crore.

6. Approved the Issue and allotment of 1 Bonus Equity Share for every 10 Equity Shares held by Members as on Record date, subject to approval of competent authorities.

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Bank of Maharashtra to hold board meeting

Oct 29 2014 1:09PM

Bank of Maharashtra will hold a meeting of the Board of Directors of the Company on 7 November 2014, to consider and to approve the un-audited (Reviewed) Financial Results of the Bank for the quarter / half year ended 30 September 2014.

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Goldstone Infratech to hold board meeting

Oct 29 2014 1:08PM

Goldstone Infratech will hold a meeting of the Board of Directors of the Company on 8 November 2014, to Consider, take on record and approve the Un-audited Financial Results for the quarter and half year ended 30 September 2014.

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Puravankara Projects will hold a meeting

Oct 29 2014 1:06PM

Puravankara Projects will hold a meeting of the Board of Directors of the Company on 7 November 2014, to consider and adopt the Consolidated & Standalone Audited Financial Statements of the Company & its Subsidiaries for the Quarter and Six Months ended 30 September 2014.

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Sequent Scientific appoints director

Oct 29 2014 1:04PM

Sequent Scientific announced that Dr. Kausalya Santhanam has been appointed as an Independent Non-Executive Director (Additional Director) of the Company, with effect from 28 October 2014.

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Gowra Leasing & Finance to hold board meeting

Oct 28 2014 5:09PM

Gowra Leasing & Finance will hold a meeting of the Board of Directors of the Company on 8 November 2014, to consider and take on record the Unaudited Financial Results of the Company for the quarter ended 30 September 2014.

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Entegra announced that the Corporate Office

Oct 28 2014 5:08PM

Entegra announced that the Corporate Office of the Company has been shifted from 1201/1218, Dalamal Tower, Free Press Journal Marg, Nariman Point, Mumbai -400 021 to 606, 6th Floor, Raheja Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400 021. Tel: 022-66044242 Fax: 022-66550320, with immediate effect.

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Uflex updates subsidiaries

Oct 28 2014 5:07PM

Uflex announced that the Company proposes to divest its 100% shareholding in UPET Holdings (WOS), Mauritius to another WOS Company, i.e. Flex Middle East FZE, Dubai in one or more tranches. Out of which, the Company has divested 16.67% of the total shareholding in UPET Holdings and received the sale consideration against the sale of such shares.

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JPMorgan Mutual Fund has announced

Oct 29 2014 1:14PM

JPMorgan Mutual Fund has announced change in exit load structure under JPMorgan India Government Securities Fund (an open-ended gilt scheme), with effect from 30 October 2014.

Accordingly, the exit load will be:

If redeemed within 12 months from the date of allotment in respect of purchase made other than through SIP and if redeemed within 12 months from the date of allotment in respect of each purchase made through SIP, the exit load will be 2.00%.

If redeemed after 12 months but within 24 months from the date of allotment in respect of purchase made other than through SIP and if redeemed after 12 months but within 24 months from the date of allotment in respect of each purchase made through SIP, the exit load will be 1.50%.

If redeemed after 24 months but within 36 months from the date of allotment in respect of purchase made other than through SIP and if redeemed after 24 months but within 36 months from the date of allotment in respect of each purchase made through SIP, the exit load will be 1.00%.

If redeemed after 36 months from the date of allotment in respect of purchase made other than through SIP and if redeemed after 36 months from the date of allotment in respect of each purchase made through SIP, the exit load will be Nil.

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Tata MF Announces Extension of Maturity Under Tata Fixed

Oct 29 2014 1:12PM

Tata Mutual Fund has announced the extension of maturity of Tata Fixed Maturity Plan Series 45 - Scheme C, 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 735 days. Pursuant to extension, the Scheme shall mature on 28 November 2016 or the immediately following Business Day, if such day is not a Business Day.

Tata Fixed Maturity Plan Series 45 - Scheme C was launched on 11 November 2013. The units under the Scheme were allotted on 22 November 2013. The Scheme is scheduled to mature on 24 November 2014.

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ICICI Prudential Interval Fund – Series VIII – Annual Interval Plan A Floats On

Oct 29 2014 1:10PM

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Interval Fund – Series VIII – Annual Interval Plan A, a debt oriented interval fund. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 29 October and will close on 30 October 2014.

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities maturing on or before the opening of the immediately following Specified Transaction Period (STP).

The scheme offers cumulative option and dividend option with only dividend payout sub-option.

The scheme would allocate 60%-100% of assets in money market instruments and invest upto 40% of assets in government securities issued by Central & / or State government and other fixed income / sebt securities including but not limited to corporate debt and securitized debt with low to medium risk profile. Debt securities may include securitized debt, which may go upto 25% of the corpus 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 scheme during the NFO period.

The scheme is proposed to be listed on NSE.

Entry and exit load charge will be not applicable.

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

The fund manager of the scheme is Aditya Pagaria.

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Mutual funds in selling mode

Oct 22 2014 4:11PM

Mutual funds sold shares worth a net Rs 256.70 crore on Monday, 20 October 2014, compared with net inflow of Rs 697.80 crore on Friday, 17 October 2014.

The net outflow of Rs 256.70 crore on 20 October 2014 was a result of gross purchases of Rs 1160.90 crore and gross sales of Rs 1417.50 crore. The S&P BSE Sensex jumped 321.32 points or 1.23% to settle at 26,429.85 on that day, its highest closing level since 9 October 2014.

Mutual funds have bought shares worth Rs 3489.90 crore in October 2014 (till 20 October 2014). Mutual funds purchased shares worth a net Rs 4171.50 crore in September 2014

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ICICI Prudential Dynamic Bond Fund Announces

Oct 21 2014 1:47PM

ICICI Prudential Mutual Fund has announced change in exit load structure under ICICI Prudential Dynamic Bond Fund, with effect from 01 November 2014.

Accordingly, the exit load will be:

If units purchased or switched in from another scheme of the fund are redeemed or switched out within 3 months from the date of allotment, the exit load will be 0.50% of the applicable Net Asset Value (NAV).

If units purchased or switched in from another scheme of the fund are redeemed or switched out after 3 months from the date of allotment, the exit load will be Nil.

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Birla Sun Life Fixed Term Plan – Series MC (1099 days) Floats On

Oct 21 2014 1:44PM

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Fixed Term Plan – Series MC (1099 days), a close ended income 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 21 October and close on 28 October 2014.

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

The scheme offers two options viz. growth and dividend option with Normal Dividend sub-option (Payout Facility) and Quarterly Dividend sub-option (Payout Facility).

The scheme would 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.

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 scheme during the NFO period.

Entry and exit load charge will be nil.

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

The fund manager of the scheme will be Kaustubh Gupta.

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SBI Equity MIP Fund files offer document with Sebi

Oct 20 2014 2:13PM

SBI Mutual Fund has filed offer document with Sebi to launch SBI Equity MIP Fund, an open ended equity scheme. The New Fund Offer price is Rs 10 per unit.

Investment objective: The investment objective of the scheme is to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity.

Plans/ option(s): Growth and dividend (monthly and quarterly frequency with reinvestment, payout & transfer) options under both regular plan and direct plan.

Benchmark: Crisil MIP Blended Fund Index

Entry Load: Not applicable

Exit Load: For exit within 1 year from the date of allotment– 1 %, For exit after 1 year from the date of allotment- Nil.

Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter.

Minimum Target Amount: Rs 10 crore

Asset Allocation: The scheme shall invest 65-90% in equity and equity related instruments including derivatives and 10-35% in debt and money market instruments /units of debt & liquid mutual funds

Fund Managers: Neeraj Kumar and Ruchit Mehta

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Taurus Dynamic Income Fund Announces Change In Exit Load

Oct 20 2014 2:10PM

Taurus Mutual Fund has announced change in exit load structure under Taurus Dynamic Income Fund, with effect from 20 October 2014.

Accordingly, if exited on or before 90 days from the date of allotment, the exit load will be 1%.

If exited after 90 days from the date of allotment, the exit load will be Nil.

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Coriander prices fell by 0.72 per cent

Oct 29 2014 1:21PM

Coriander prices fell by 0.72 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices.

At the NCDEX, coriander futures for November 2014 contract were trading at Rs. 12,003 per quintal, down by 0.72 per cent, after opening at Rs. 12,140 against the previous closing price of Rs. 12,090. It touched the intra-day low of Rs. 11,977 till the trading. (At 11.45 AM today).

Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.

Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian

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Demand drag down Castorseed futures

Oct 29 2014 1:19PM

 Castorseed prices fell by 0.29 per cent on Wednesday 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 November 2014 contract was trading at Rs. 4,733 per quintal tonnes, down by 0.29 per cent, after opening at Rs. 4,735 against the previous closing price of Rs. 4,747. It touched the intra-day low of Rs. 4,725 till the trading. (At 12.20 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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Supply glut weighs on Oil

Oct 28 2014 1:52PM

Crude oil futures fell in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market ahead of data which may show that US crude oil supplies rose to a four-month high last week, signaling weaker demand for the fuel in the world’s biggest oil consumer. US crude oil stockpiles may have risen 3.8 million barrels to 381.5 million barrels last week, the EIA may say tomorrow, analysts’ estimated. Meanwhile, speculation is rife that the OPEC is not likely to slash output at a meet next month. At the MCX, Crude Oil futures, for the November 2014 contract, is trading at Rs 4,969 per barrel, down by 0.20 per cent, after opening at Rs 4,975, against a previous close of Rs 4,979. It touched an intra-day low of Rs 4,956

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Gold Future fell in Mcx market

Oct 28 2014 1:51PM

Gold futures fell in the domestic market on Tuesday as investors and speculators were cautious over booking fresh positions in the precious metal ahead of the two-day policy meet of the US Federal Reserve starting Tuesday in which the central bank may end its USD 15 billion monthly bond buying program, dimming the appeal of gold, a hedge against the inflationary risk of monetary stimulus. However, the losses in the yellow metal were trimmed by hopes of a pickup in physical demand for gold in India and China this quarter amid the festive and wedding season. Gold futures for December 2014 contract, at MCX, is trading at Rs. 27,180 per 10 grams, down by 0.12 per cent, after opening at Rs. 27,185, against the previous closing price of Rs 27,214. It touched an intra-day low of Rs 27,150.

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Castorseed gains on demand from consuming industries

Oct 28 2014 1:49PM

Castorseed prices rose by 1.38 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for November 2014 contract were trading at Rs. 4,712 per quintal tonnes, up by 1.38 per cent, after opening at Rs. 4,650 against the previous closing price of Rs. 4,648. It touched the intra-day high of Rs. 4,743 till the trading. (At 12.20 PM today).

Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.

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Flat trade in Gold ahead of Fed policy meet

Oct 27 2014 2:08PM

Gold futures were trading little changed in the domestic market on Monday as investors and speculators were cautious over booking fresh positions in the precious metal ahead of the two-day policy meet of the US Federal Reserve starting Tuesday in which the central bank may end its USD 15 billion monthly bond buying program, dimming the appeal of gold, a hedge against the inflationary risk of monetary stimulus.

Meanwhile, most European banks passed a stress test of the European Central Bank (ECB), dimming the safe haven demand for the bullion.

Gold futures for December 2014 contract, at MCX, is trading at Rs. 27,189 per 10 grams, up by 0.05 per cent, after opening at Rs. 27,168, against the previous closing price of Rs 27,176. It touched an intra-day high of Rs 27,19

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China demand fears weigh on Copper

Oct 27 2014 2:06PM

Copper futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal amid fears that slowing growth in the world’s second biggest economy, China may curb demand for the base metal.

A Chinese state economist predicted growth in Asia’s biggest economy may slow to 7.3 per cent next year.

Investors were also cautious ahead of key economic events this week including US services PMI, pending home sales data and US Fed policy meet.

At the MCX, copper futures for November 2014 contract is trading at Rs. 411.60 per 1 kg, down by 0.17 per cent, after opening at Rs. 411.60, against the previous closing price of Rs. 412.30. It touched an intra-day low of Rs. 411

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Coriander dips on adequate supplies

Oct 27 2014 2:02PM

Coriander prices fell by 0.03 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for November 2014 contract were trading at Rs. 11,928 per quintal, down by 0.03 per cent, after opening at Rs. 11,851 against the previous closing price of Rs. 11,931. It touched the intra-day low of Rs. 11,851 till the trading. (At 11.45 AM today).

Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.

Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian

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Mid-Session: Sensex up over 300 points; HDFC surges 3%

Oct 31 2014 1:29PM

The markets continue to trade in the positive territory during the afternoon session, led by gains in CGS index followed by Metal and Realty. Market trades up by strong performance of information technology shares and heavyweights like ITC and Reliance Industries. On the corporate front, the stocks of HDFC surges over 3 per cent.

At 12:24 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27705.83, up by 359.5 points or by 1.31 per cent while NSE Nifty was trading 118.5 points or by 1.45 per cent higher at 8287.7.

Housing Development Finance Corporation, Tata Steel, Maruti Suzuki India, Larsen & Toubro, Oil And Natural Gas Corporation was among the notable gainers.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2827, shares advanced were 1778 while 928 shares declined and 121 were unchanged.

The BSE MIDCAP was at 9829.78, up by 115.35 points or by 1.19 %, while the BSE SMLCAP was at 10945.96, up by 118.5 points or by 1.09 %.

The top gainers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1095.00,+3.10%), Tata Steel Ltd. (Rs. 488.20,+2.91%), Maruti Suzuki India Ltd. (Rs. 3330.00,+2.71%), Larsen & Toubro Ltd. (Rs. 1633.95,+2.30%), Oil And Natural Gas Corporation Ltd. (Rs. 404.20,+2.11%), among others.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 401.50,-1.47%), Hindustan Unilever Ltd. (Rs. 730.00,-0.21%), ICICI Bank Ltd. (Rs. 1610.30,-0.07%), among others.

Among the thirteen sectoral indices, BSE CGS index was at 15780.74 up by 269.24 points or by 1.74%. Thermax Ltd. (Rs. 917.00,+4.06%), SKF India Ltd. (Rs. 1245.60,+3.93%), Punj Lloyd Ltd. (Rs. 37.50,+2.32%), Larsen & Toubro Ltd. (Rs. 1633.95,+2.30%), Siemens Ltd. (Rs. 876.90,+2.20%),.

In BSE, BSE CDS index was at 9939.36 down by -259.66 points or by -2.55%. Titan Company Ltd. (Rs. 396.90,-5.51%), PC Jeweller Ltd. (Rs. 243.75,-1.18%),.

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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]