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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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B.L. Kashyap and Sons spurts after stake-buy from a mutual fund

Sep 10 2014 12:46PM

The stock opened with an upward gap surging by the maximum permissible level of 20% and remained locked at 20% level at Rs 12.96 so far in the day. The stock had hit a 52-week high of Rs 13.08 on 26 May 2014. The stock had hit a 52-week low of Rs 5 on 25 November 2013.

HDFC Mutual Fund bought 14.20 lakh shares at Rs 9.20 per share in a bulk deal on BSE on Tuesday, 9 September 2014. Ajay Ashok Shah sold 14.53 lakh shares at Rs 9 per share.

B.L. Kashyap and Sons reported a net loss of Rs 15.55 crore in Q1 June 2014, higher than net loss of Rs 1.74 crore in Q1 June 2013. Net sales declined 48.4% to Rs 173.69 crore in Q1 June 2014 over Q1 June 2013.

B.L. Kashyap and Sons is a construction and infrastructure development company.

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Godrej Consumer Products drops on profit booking

Sep 10 2014 12:45PM

The stock hit a high of Rs 1,112.50 and a low of Rs 1,067.10 so far during the day. The stock had hit a 52-week low of Rs 672 on 27 January 2014. The stock had hit a record high of Rs 1,117.60 on Tuesday, 9 September 2014.

Shares of Godrej Consumer Products had rallied 8.87% in two trading sessions to settle at Rs 1,105.65 on Tuesday, 9 September 2014, from a recent low of Rs 1,015.50 on 5 September 2014.

On a consolidated basis, Godrej Consumer Products' net profit rose 8.1% to Rs 143.45 crore on 9.5% growth in net sales to Rs 1886.26 crore in Q1 June 2014 over Q1 June 2013.

Godrej Consumer Products is a major player in the Indian FMCG market, with leading household and personal care products. It is one of the largest marketeers of toilet soaps in the country and is also a leader in hair colours and household insecticides. It has a strong emerging presence in markets outside India.

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Tyre stocks extend recent rally

Sep 10 2014 12:43PM

CEAT was up 3.12% at Rs 813.55. The stock was volatile. The stock hit a high of Rs 818 and a low of Rs 770 so far during the day.

JK Tyre & Industries advanced 2.48% at Rs 377.55. The stock was volatile. The stock hit a high of Rs 381 and a low of Rs 357.40 so far during the day.

Apollo Tyres was up 1.35% at Rs 213.70. The stock was volatile. The stock hit a high of Rs 214.65 and a low of Rs 205.90 so far during the day.

Goodyear India rose 0.69% at Rs 637.95. The stock was volatile. The stock hit a high of Rs 643 and a low of Rs 620 so far during the day.

Meanwhile, the S&P BSE Sensex was down 136.95 points or 0.5% at 27,128.37.

Tyre stocks were on a roll aided by lower rubber prices. As per reports, domestic rubber prices have seen sharpest fall in five years, hitting Rs 126 per kg. Decline in rubber prices could boost profit margin of tyre firms. Rubber is a key raw material in tyre manufacturing. Also recent steep decline in crude oil prices aided rally in tyre stocks. Nearly 30% of raw material for tyres is derived from crude products.

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Volumes jump at Entertainment Network (India) counter

Sep 8 2014 3:26PM

Entertainment Network (India) clocked volume of 2.04 lakh shares by 13:33 IST on BSE, a 118.5-times surge over two-week average daily volume of 2,000 shares. The stock rose 0.72% at Rs 414.

Time Technoplast notched up volume of 20.70 lakh shares, a 19.64-fold surge over two-week average daily volume of 1.05 lakh shares. The stock jumped 8.55% at Rs 53.95.

Supreme Industries saw volume of 1.06 lakh shares, a 15.71-fold surge over two-week average daily volume of 7,000 shares. The stock advanced 1.8% at Rs 651.

Goodyear India clocked volume of 1.49 lakh shares, a 12.31-fold surge over two-week average daily volume of 12,000 shares. The stock surged 6.11% at Rs 632.80.

Shree Cement saw volume of 76,000 shares, a 11.44-fold rise over two-week average daily volume of 7,000 shares. The stock lost 0.69% at Rs 8,450.

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Jaiprakash Associates jumps on bargain hunting

Sep 8 2014 3:24PM

The stock hit a high of Rs 35.75 and a low of Rs 32.75 so far during the day. The stock hit a 52-week high of Rs 89.85 on 11 June 2014. The stock hit a 52-week low of Rs 32.30 on 5 September 2014.

The stock had underperformed the market over the past one month till 5 September 2014, falling 46.14% compared with 4.32% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 59.30% as against Sensex's 8.02% rise.

The mid-cap company has an equity capital of Rs 486.49 crore. Face value per share is Rs 2.

The recent fall in shares of Jaiprakash Associates was triggered by a promoter entity paring its stake in the company on 3 September 2014.

Jaiprakash Associates on 4 September 2014 clarified that one of the promoters holding 72.36 crore shares, constituting 29.75% of the company's shares capital, has sold only 1.45% of share holding and continues to hold 68.83 crore shares, constituting 28.30% of the company's share capital. This small share holding has been disposed off by the promoter company to meet its requirement of funds including for social cause, Jaiprakash Associates said.

The promoters of Jaiprakash Associates continue to have full faith in the company and hope that the investor/stakeholders would continue to have confidence in the company and its management, the company said. The company issued the clarification after rumors in the market that the promoters are selling their share holding in the company.

Jaiprakash Associates posted a net loss of Rs 80.61 crore in Q1 June 2014 compared with net profit Rs 334.51 crore in Q1 June 2013. Net sales fell 8.8% to Rs 2993.66 crore in Q1 June 2014 over Q1 June 2013.

Jaiprakash Associates is a diversified infrastructure conglomerate with business interests in engineering & construction, cement, power, real estate, expressways, fertilizer, hospitality, healthcare, sports, information technology and education (not-for-profit).

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Select stocks drop ex-dividend

Sep 8 2014 3:23PM

Procter & Gamble Hygiene & Healthcare lost 2.18% at Rs 5,065 as the stock turned ex-dividend today, 8 September 2014, for dividend of Rs 27.50 per share for the year ended 30 June 2014. Before turning ex-dividend, the stock offered a dividend yield of 0.53% based on the closing price of Rs 5,177.90 on Friday, 5 September 2014.

KSE was locked at 5% lower circuit at Rs 400 as the stock turned ex-dividend today, 8 September 2014, for dividend of Rs 20 per share for the year ended 31 March 2014. Before turning ex-dividend, the stock offered a dividend yield of 4.75% based on the closing price of Rs 421.05 on Friday, 5 September 2014.

Bharat Heavy Electricals (Bhel) rose 0.34% at Rs 224.35. The stock turned ex-dividend today, 8 September 2014, for final dividend of Rs 1.52 per share for the year ended 31 March 2014. Before turning ex-dividend, the stock offered a dividend yield of 0.67% based on the closing price of Rs 223.60 on Friday, 5 September 2014.

Hindalco Industries rose 3.31% at Rs 173.30. The stock turned ex-dividend today, 8 September 2014, for dividend of Rs 1 per share for the year ended 31 March 2014. Before turning ex-dividend, the stock offered a dividend yield of 0.59% based on the closing price of Rs 167.75 on Friday, 5 September 2014.

Finolex Industries rose 1.66% at Rs 309.05. The stock turned ex-dividend today, 8 September 2014, for dividend of Rs 7 per share for the year ended 31 March 2014. Before turning ex-dividend, the stock offered a dividend yield of 2.3% based on the closing price of Rs 304 on Friday, 5 September 2014.

Supreme Industries rose 2.35% at Rs 654.50. The stock turned ex-dividend today, 8 September 2014, for final dividend of Rs 6 per share for the year ended 30 June 2014. Before turning ex-dividend, the stock offered a dividend yield of 0.93% based on the closing price of Rs 639.50 on Friday, 5 September 2014.

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Tech Mahindra scales record high

Sep 5 2014 1:20PM

The stock hit a record high of Rs 2,521.80 in intraday trade today, 5 September 2014. The stock hit a low of Rs 2,479.55 so far during the day. The stock hit a 52-week low of Rs 1,259.40 on 16 September 2013.

The stock had outperformed the market over the past one month till 3 September 2014, rising 14.63% compared with 6.51% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 28.18% as against Sensex's 9.18% rise.

The large-cap IT company has an equity capital of Rs 234.97 crore. Face value per share is Rs 10.

Tech Mahindra after market hours on Thursday, 4 September 2014 announced that it has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier.

Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally. Tech Mahindra plans to invest significantly in infrastructure and talent in the Montréal region. Tech Mahindra aims to grow its Canada team to 1,200 people in the next five years.

Kristopher Pinnow, Vice-President, Chief Procurement Officer of Bombardier Aerospace said "Our focus shall be on supporting more efficiently the existing platforms while developing newer products in a cost effective manner”.

On a consolidated basis, Tech Mahindra's net profit rose 2.68% to Rs 630.72 crore on 4.81% growth in total income to Rs 5210.77 crore in Q1 June 2014 over Q4 March 2014.

Tech Mahindra offers information technology services and solutions. Tech Mahindra gains on report of strong growth outlook

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L&T gains on new order win

Sep 5 2014 12:41PM

The stock hit a high of Rs 1,620.90 and a low of Rs 1,583 o far during the day. The stock hit a record high of Rs 1,774.70 on 9 June 2014. The stock hit a 52-week low of Rs 687.60 on 4 September 2013.

The stock had outperformed the market over the past one month till 4 September 2014, rising 6.39% compared with 5.3% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 5.02% as against Sensex's 9.19% rise.

India's largest engineering and construction company by sales has an equity capital of Rs 185.65 crore. Face value per share is Rs 2.

L&T said during market hours today, 5 September 2014 that the company has won a turnkey order for setting up a supercritical thermal power project valued at Rs 5100 crore. The order has been won on a complete engineering, procurement & construction (EPC) basis from Madhya Pradesh state utility MP Power Generating Company (MPPGCL). L&T said that this is a repeat order from MPPGCL. The project demands stringent completion schedule of 43/47 months (unit wise), the company said.

The order covers design, engineering, manufacture, supply, erection and commissioning of two coal-fired thermal units of 660 megawatt each with supercritical parameters. The project is located near village Dongalia in the Khandwa district of Madhya Pradesh.

L&T during market hours on Wednesday, 3 September 2014 said that the company's construction division recently commissioned the world's largest solar photovoltaic plant of 7.52 MWp on a single roof at Amritsar in Punjab.

L&T's consolidated net profit rose 110.8% to Rs 966.89 crore on 11.4% rise in total income to Rs 19501.07 crore in Q1 June 2014 over Q1 June 2013.

L&T is a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations.

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Datamatics Global Services to hold board meeting

Sep 10 2014 12:50PM

Datamatics Global Services will hold a meeting of the Board of Directors of the Company on 23 September 2014, to consider the declaration of interim dividend for the year 2014-2015, if any.

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HCL Infosystems appoints Executive Vice-Chairman

Sep 10 2014 12:49PM

HCL Infosystems announced that Premkumar Seshadri has been appointed as Executive Vice-Chairman of the Company, with immediate effect. Premkumar has been serving as a non-executive director on the HCL Infosystems Board since 21 March 2014.

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BS allots equity shares

Sep 10 2014 12:47PM

BS announced that, on 09 September 2014, the Company has allotted 80,080 Equity Shares (i.e., 40,040 Equity Shares + 40,040 Bonus Equity Shares) of Re. 1/- each to the grantees' upon exercise of 4,004 Options @ Rs. 109.95 per Share of Rs. 10/- each under the Employees Stock Option Plan 2011 ("ESOP 2011") of the Company. The said shares shall rank pari-passu with the existing Equity Shares of the Company in all respects.

The Company, pursuant to the approval of the Shareholders dated 10 January 2014 has sub divided the Face Value of the Shares of the Company from Rs. 10/- each into Re. 1/- each with effect from 22 January 2014. Accordingly, the Option holders, upon exercise of each Option of Rs. 10/- are issued and allotted 10 (Ten) Equity Shares of Re. 1/- each of the Company.

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Board of Karnataka Bank appoints director

Sep 8 2014 3:30PM

Karnataka Bank announced that the Board of Directors of the Bank at its meeting held on 06 September 2014 has appointed B. A. Prabhakar, former CMD of Andhra Bank as an Additional Director of the Bank u/s 161 of the Companies Act, 2013.

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Rasoya Proteins to hold board meeting

Sep 8 2014 3:30PM

Rasoya Proteins will hold a meeting of the Board of Directors of the Company on 11 September 2014, to consider and approve appointment of Manik Anil Lonkar as a Woman Director in the Board of Directors, and to constitute Risk Management Committee and draft Risk Management Policy.

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Mahindra & Mahindra gets ratings upgrade for NCD programme & bank facilities

Sep 8 2014 3:29PM

Mahindra & Mahindra announced that ICRA has upgraded Long-term rating for Non-Convertible Debenture programme and bank facilities of Mahindra & Mahindra to [ICRA]AAA (stable) (pronounced ICRA triple A).

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Pennar Industries and Subsidiaries receive orders

Sep 8 2014 3:28PM

Pennar Industries and its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro Ltd (PEL) have announced receipt of orders worth Rs. 132 crore.

The companies received orders from MRF, UltraTech Cement, Deify Infrastructure, Carldreys India, Lanco Infratech, JSW Bellary among others.

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Orbit Corporation to hold board meeting

Sep 4 2014 12:24PM

Orbit Corporation will hold a meeting of the Board of Directors of the Company on 12 September 2014, to consider issue and allot equity shares to the eligible employees of the Company under Orbit ESOS 2012.

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Religare Invesco Mutual Fund has launched

Sep 12 2014 1:19PM

Religare Invesco Mutual Fund has launched a new close ended debt scheme named “Religare Invesco Fixed Maturity Plan - Series 24 - Plan E (1098 Days)” with maturity period of 1098 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 16. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Nitish Sikand will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt instruments and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments and 0 to 30 per cent of asset in money market instruments.

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Dual Advantage FTF launched by Reliance MF

Sep 12 2014 1:16PM

Reliance Mutual Fund has launched a new close ended hybrid scheme named “Reliance Dual Advantage Fixed Tenure Fund VI- Plan C” with maturity period of 1113 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 24. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Krishan Daga and Anju Chajjer will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and reduce interest rate volatility will be met by investing in a portfolio of debt securities, money market instruments and equity & equity related instruments (including options premium). Hence, the scheme will allocate 65 to 95 per cent of asset in debt securities, 0 to 30 per cent of asset in money market instruments and 5 to 20 per cent of asset in equity & equity related instruments (including options premium).

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JPMorgan India Multi Asset Fund files offer document with Sebi

Sep 10 2014 12:54PM

JPMorgan Mutual Fund has filed offer document with Sebi to launch JPMorgan India Multi Asset 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 provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.

Options/plans: Growth, bonus and dividend (payout & reinvestment) options under both regular plan and direct plan.

Benchmark: CRISIL MIP Blended Fund Index

Entry load: Nil

Exit load:

For each Redemption:

Within and including 18 (eighteen) months from the date of allotment in respect of Purchases made other than through Systematic Investment Plan (“SIP”); and if redeemed within and including 18 (eighteen) months from the date of allotment of units of each installment of SIP purchase: 1%

Beyond 18 (eighteen) months from the date of allotment: Nil

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

Minimum Target Amount: Rs 20 crore

Asset Allocation: The scheme shall invest 20-35% in equity and equity related instruments, 70-90% in equity and equity derivatives (only arbitrage opportunity) and 25-35% in debt securities and money market instruments.

Fund Managers: Equity Portion: Amit Gadgil and Karan Sikka

Debt Portion: Namdev Chougule and Ravi Ratanpal

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Mutual funds extend selling

Sep 10 2014 12:53PM

Mutual funds sold shares worth a net Rs 66.90 crore on Friday, 5 September 2014, compared with outflow of Rs 112.20 crore on Thursday, 4 September 2014.

The net outflow of Rs 66.90 crore on 5 September 2014 was a result of gross purchases of Rs 565.10 crore and gross sales of Rs 632 crore. The S&P BSE Sensex lost 59.23 points or 0.22% to settle at 27,026.70 on that day, its lowest closing level since 2 September 2014.

Mutual funds have sold shares worth a net Rs 124.49 crore in this month so far (till 5 September 2014). Mutual funds bought stocks worth Rs 6957.40 crore last month.

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Templeton India Equity Income Fund Announces Dividend

Sep 8 2014 3:36PM

Franklin Templeton Mutual Fund has announced 12 September 2014 as the record date for declaration of dividend under the dividend plan and direct-dividend plan of Templeton India Equity Income Fund. The amount of dividend will be Rs 0.70 per unit on the face value of Rs 10 per unit.

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UTI Capital Protection Oriented Scheme – Series IV – II (1104 days) Floats On

Sep 8 2014 3:34PM

UTI Mutual Fund has launched a new fund named as UTI Capital Protection Oriented Scheme – Series IV – II (1104 Days), a close ended capital protection oriented income scheme. The duration of the scheme is 1104 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 08 September to 22 September 2014.

The investment objective of the scheme is to endeavor to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as secondary objective.

The scheme offers growth and dividend (payout) options under both regular sub plan and direct sub plan.

The scheme shall invest 70-100% of assets in debt & money market instruments with low to medium risk profile and up to 30% in equity & equity related instruments with medium to high risk profile.

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 not applicable for the scheme.

Benchmark Index for the scheme is CRISIL MIP Blended Index.

Sunil Patil is the fund manager for the scheme.

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Birla Sun Life MF Announces Change In Fundamental Attributes of Birla Sun Life Short Term Fund

Sep 8 2014 3:34PM

Birla Sun Life Mutual Fund has announced the change in fundamental attributes of Birla Sun Life Short Term Fund, with effect from 10 October 2014.

The revised asset allocation pattern:

The scheme will invest upto 100% of assets in debt and money market instrument, out of which 80%-100% in securities with less than 3 years residual maturity and upto 20% in securities with less than 5 years residual maturity with low to medium risk profile.

Existing investors have an option to exit without payment of exit load with in a period of 30 days from 08 September 2014 till 09 October 2014.

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IDBI MF Announces Rollover of IDBI FMP – Series III – 368 Days (September 2013)-K

Sep 4 2014 12:30PM

IDBI Mutual Fund has announced the Rollover of IDBI FMP – Series III – 368 Days (September 2013)-K which is due for maturity on 15 September 2014.

IDBI Asset Management Company has decided to roll over (extend the maturity) of the scheme for a period of another 736 days. Pursuant to roll over, the extended maturity date of the scheme will be 19 September 2016.

IDBI FMP – Series III – 368 Days (September 2013)-K were allotted on 13 September 2013. The Scheme is scheduled to mature on 15 September 2014.

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Slowing China credit growth takes toll on Copper

Sep 12 2014 1:15PM

Copper futures fell in the domestic market on Friday as investors and speculators exited positions in the industrial metal tracking a weak trend in the overseas market after China’s aggregate financing, the broadest measures of new credit, stood at 957.4 billion yuan in August, compared to analysts’ estimates of 1.135 trillion yuan, signaling weaker growth in the world’s second biggest economy, dimming the demand outlook for the industrial metal. Caution persisted ahead of US retail sales and consumer sentiment data to be released today. At the MCX, copper futures for November 2014 contract is trading at Rs. 419.70 per 1 kg, down by 0.38 per cent, after opening at Rs. 422.05, against the previous closing price of Rs. 421.30. It touched an intra-day low of Rs. 419.65

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Strong arrivals drag down Castorseed futures

Sep 12 2014 1:12PM

  Castorseed prices fell by 0.08 per cent on Friday 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 September 2014 contract was trading at Rs. 3,990 per quintal tonnes, down by 0.08 per cent, after opening at Rs. 3,985 against the previous closing price of Rs. 3,993. It touched the intra-day low of Rs. 3,980 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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Coriander gains by 0.04% on limited arrivals

Sep 10 2014 12:58PM

 Coriander prices rose by 0.04 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for September 2014 contract was trading at Rs. 11,425 per quintal, up by 0.04 per cent after opening at Rs. 11,400 against the previous closing price of Rs. 11,420. It touched the intra-day high of Rs. 11,452 till the trading. (At 11.35 AM today).

Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity.

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

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Fresh arrivals drag down Castorseed futures

Sep 10 2014 12:55PM

 Castorseed prices fell by 0.51 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 September 2014 contract was trading at Rs. 4,077 per quintal tonnes, down by 0.51 per cent, after opening at Rs. 4,096 against the previous closing price of Rs. 4,098. It touched the intra-day low of Rs. 4,065 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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Higher supplies, lower demand weighs on mentha oil future

Sep 8 2014 5:33PM

 Mentha oil prices fell by 0.87 per cent on Monday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market.

At MCX, Mentha oil futures for September 2014 contract, at MCX, were trading at Rs. 658.80 per kg, down by 0.87 per cent after opening at Rs. 667.00 against the previous closing price of Rs. 664.60. It touched the intra-day low of Rs. 657.10 till the trading

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Cardamom rises by 0.74% on firm demand

Sep 8 2014 5:32PM

 Cardamom prices rose by 0.74 per cent on Monday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. Sentiment improved further as a result of firm demand in the market against restricted arrivals from producing areas.

At MCX, Cardamom futures for September 2014 contract were trading at Rs 942.00 per kg, up by 0.74 per cent, after opening at Rs. 921.00 against the previous closing price of Rs. 935.10. It touched the intra-day high of Rs. 945.00 till the trading.

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Crude palm oil rose on increase in demand

Sep 8 2014 5:31PM

The prices of crude palm oil future rose in the domestic commodity market on Monday after traders and speculators booked fresh positions in the agri commodity as demand surged at the spot market. Moreover, restricted stock arrivals from the producing areas and increase in demand also weighed on the demand outlook of the agri commodity.

At the MCX, Crude Palm Oil future for September 2014 contract traded at Rs. 436 per 10 kg, up by 0.28 per cent after opening at Rs. 437 against the previous close of Rs. 434.80. It touched the intra-day high of Rs. 439.70 till the trading

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Upbeat US factory orders data lifts Copper

Sep 4 2014 12:38PM

 Copper futures rose in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid hopes that a pickup in the world’s biggest economy may bolster the demand for copper.

New orders for US factory goods rose at a record pace in July, up 10.5 per cent over the previous month.

At the MCX, copper futures for November 2014 contract is trading at Rs. 424.95 per 1 kg, up by 0.09 per cent, after opening at Rs. 425.45, against the previous closing price of Rs. 424.55. It touched an intra-day high of Rs. 425.85

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Post Session- Sensex snaps 2-day losses as Fed eyed

Sep 17 2014 4:55PM

The key domestic benchmarks snapped a two-day losing streak as the Sensex advanced by more than 50 points led by gains in IT stocks amid bets that the US Federal Reserve may maintain a pledge to keep interest rates at very low levels for a considerable time period, boosting the appetite for risky assets. Loose monetary policy in the US will boost capital inflows into emerging markets such as India. A firm trend in most Asian markets also boosted sentiment as the People’s Bank of China injected as much as 500 billion yuan into the country’s biggest five banks, Sina.com reported.
China’s Shanghai Composite ended higher while Hang Seng surged after reports said that China’s central bank is boosting stimulus to stem a deepening slowdown in Asia’s biggest economy. Japan’s Nikkei ended in the red ahead of the FOMC decision.

The BSE SENSEX closed at 26,631.29, up by 138.78 points or by 0.52 per cent, and the NSE Nifty ended at 7,974.75, up by 41.85 points or by 0.53 per cent.

The BSE Sensex touched intraday high of 26,682.64 and intraday low of 26,511.71 The NSE Nifty touched intraday high of 7,990.65 and intraday low of 7,936.95.

Meanwhile, the BSE MIDCAP closed at 9,683.92, up by 24.61 points or by 0.25 per cent, while the BSE SMLCAP ended at 10,829.84, up by 33.53 points or by 0.31 per cent.

On the Sectoral front, IT and Power advanced 1.52 per cent and 1.35 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3268, shares advanced were 1611 while 1542 shares declined and 115 were unchanged.

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 3095.00,+2.85%), Infosys Ltd. (Rs. 3740.40,+2.29%), Tata Power Company Ltd. (Rs. 85.55,+2.21%), Bharat Heavy Electricals Ltd. (Rs. 220.70,+2.18%), Tata Steel Ltd. (Rs. 498.75,+1.78%), among others.

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LME Inventory

Sep 15 2014 1:45PM

       COPPER: -100

       ZINC: -300

       LEAD: -25

       NICKLE: +1008

       ALUMINIUM: -9000

LME Cancelled Warrants

       COPPER: +[2.09]

       ZINC: +[1.61]

       LEAD: -[0.01]

       NICKLE: -[1]