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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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Volumes jump at JK Lakshmi Cement counter

Apr 24 2015 4:58PM

JK Lakshmi Cement clocked volume of 5.38 lakh shares by 13:43 IST on BSE, a 36.27-times surge over two-week average daily volume of 15,000 shares. The stock rose 2.89% at Rs 360.

Redington (India), notched up volume of 9.01 lakh shares, a 24.82-fold surge over two-week average daily volume of 36,000 shares. The stock rose 1.15% at Rs 123.10.

Dabur India saw volume of 10.32 lakh shares, a 13.38-fold surge over two-week average daily volume of 77,000 shares. The stock rose 0.28% at Rs 271.50.

CRISIL clocked volume of 59,000 shares, a 12.57-fold surge over two-week average daily volume of 5,000 shares. The stock fell 4.38% at Rs 1,905.30.

Thomas Cook (India) saw volume of 6.98 lakh shares, a 12.57-fold rise over two-week average daily volume of 56,000 shares. The stock rose 0.9% at Rs 236.50.

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Infosys declines after announcing weak Q4 results

Apr 24 2015 4:55PM

The stock hit a high of Rs 2,150 and a low of Rs 2,054.40 so far during the day. The stock had hit a record high of Rs 2,335.20 on 20 February 2015. The stock had hit a 52-week low of Rs 1,447 on 30 May 2014.

The stock had underperformed the market over the past one month till 23 April 2015, falling 4.92% compared with 1.62% fall in the Sensex. The scrip had however outperformed the market in past one quarter, declining 4.13% as against Sensex's 5.27% decline.

The large-cap IT services provider has an equity capital of Rs 574.24 crore. Face value per share is Rs 5.

As per International Financial Reporting Standards (IFRS), consolidated net profit fell 4.6% to $498 million on 2.6% decline in revenues to $2159 million in Q4 March 2015 over Q3 December 2014.

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Tata Steel jumps after clarification

Apr 17 2015 5:52PM

The stock hit a high of Rs 352 and a low of Rs 336 so far during the day. The stock hit a 52-week high of Rs 578.60 on 9 June 2014. The stock hit a 52-week low of Rs 311.30 on 27 March 2015.

The stock had outperformed the market over the past one month till 16 April 2015, rising 3.40% compared with 0.80% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 11.91% as against Sensex's 1.93% rise.

The large-cap company has an equity capital of Rs 971.22 crore. Face value per share is Rs 10.

With respect to recent news item captioned "Tata Steel strike action in UK", Tata Steel clarified that Tata Steel UK, the company's subsidiary, has been in discussions with the UK trade unions about the future of defined benefit pension provision under the British Steel Pension Scheme (BSPS). As part of the discussions and negotiations, the subsidiary company proposed restructuring of the Scheme benefits. The negotiations with the UK unions have concluded without support from the trade unions on proposed modifications to the Scheme. The company is currently engaged in an consultative process with the BSPS members, Tata Steel clarified in a statement on NSE.

On Monday, 13 April 2015, unions of Tata Steel UK, a subsidiary of the Indian steel major, had called for an industrial action ballot against the company's proposal to close the BSPS. The ballot will be starting from 6 May 2015 and the unions had said that it is expected to conclude by 29 May 2015.

An industrial action ballot or vote is sought by unions to know the majority view of its members about participating in the action - strike, lock-out and action short of a strike.

Tata Steel plans to keep in abeyance the existing pension scheme, which is likely to hit 17,500 existing workers and over 90,000 pensioners. According to media reports, the suspension will help Tata save 1 billion pounds.

Tata Steel consolidated net profit slumped 68.8% to Rs 157.11 crore on 8.5% decline in net sales to Rs 33323.84 crore in Q3 December 2014 over Q3 December 2013.

Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of nearly 30 million tonnes per annum.

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BEML recovers after recent slide

Apr 17 2015 5:49PM

The stock hit a high of Rs 1,119.50 and a low of Rs 1,056.80 so far during the day. The stock had hit a 52-week high of Rs 1,200 on 9 April 2015. The stock had hit a 52-week low of Rs 380.50 on 30 April 2014.

The stock had outperformed the market over the past one month till 16 April 2015, advancing 4.23% compared with Sensex's 0.8% rise. The scrip had also outperformed the market in past one quarter, surging 15.8% as against Sensex's 1.93% rise.

The mid-cap company has equity capital of Rs 41.64 crore. Face value per share is Rs 10.

Shares of BEML had fallen 8.78% in prior four trading sessions to settle at Rs 1,062.85 yesterday, 16 April 2015, from a recent high of Rs 1,165.20 on 9 April 2015.

BEML reported net loss of Rs 11.42 crore in Q3 December 2014 compared with net profit of Rs 5.51 crore in Q3 December 2013. Net sales 27.1% to Rs 563.15 crore in Q3 December 2014 over Q3 December 2013.

BEML was established in May 1964 as a public sector undertaking for manufacture of rail coaches & spare parts and mining equipment at its Bangalore complex. The Government of India holds 54.03% stake in the firm as at 31 December 2014.

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Lupin slumps on brokerage downgrade

Apr 17 2015 5:47PM

The stock hit a high of Rs 1,901 and a low of Rs 1,741.30 during the day. The stock hit a record high of Rs 2,112 on 8 April 2015. The stock hit a 52-week low of Rs 903.95 on 27 May 2014.

Shares of Lupin have fallen 10.24% in three trading sessions from Rs 1,980.80 on Monday, 13 April 2015. Stock market was shut on Tuesday, 14 April 2015, on account of Dr. Baba Saheb Ambedkar Jayanti.

The stock had outperformed the market over the past one month till 16 April 2015, rising 1.85% compared with 0.80% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 32.82% as against Sensex's 1.93% rise.

The large-cap company has an equity capital of Rs 89.90 crore. Face value per share is Rs 2.

According to the brokerage, slower US sales growth and high research and development (R&D) spend will slowdown earnings growth in fiscal year ending March 2016.

The brokerage added that the earlier-than-expected generic competition for Suprax and Antara has been a negative surprise.

Aurobindo Pharma on Wednesday, 15 April 2015, said that it received final approvals from the US Food and Drug Administration (USFDA) to manufacture and market Cefixime (bioequivalent to Lupin's Suprax) for oral suspension USP, 100mg/5mL and 200mg/5mL. The product is ready for launch.

This move will impact Lupin as it will face direct competition from Aurobindo Pharma. A separate foreign brokerage reportedly said that the generic approval for Lupin's Suprax in the United States would hurt Lupin's earnings as this approval has come earlier than expected. This is the first generic approval for Suprax.

Cefixime for Oral Suspension is indicated for the treatment of adults and pediatric patients six months of age or older, with infections caused by susceptible strains of the designated organisms in urinary tract infections, otitis media, acute exacerbations of chronic bronchitis, uncomplicated gonorrhea (cervical/urethral), pharyngitis and tonsillitis.

The product has an estimated market size of $123 million for the twelve months ending February 2015 according to IMS.

Lupin's consolidated net profit rose 26.3% to Rs 601.45 crore on 5.4% growth in net sales to Rs 3144.91 crore in Q3 December 2014 over Q3 December 2013.

Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded and generic formulations as well as biotechnology product and APIs globally.

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Sumeet Industries to hold board meeting

Apr 16 2015 6:07PM

Sumeet Industries will hold a meeting of the Board of Directors of the Company on 24 April 2015, to consider the following To consider and decide on the proposal of setting up Coal based Captive Power Plant to further reducing power cost.

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Lupin drops as foreign brokerage sees risk to Suprax sales

Apr 16 2015 6:04PM

The stock hit high of Rs 1,941.50 and a low of Rs 1,863.60 so far during the day. The stock had hit a 52-week low of Rs 903.95 on 27 May 2014. The stock had hit a record high of Rs 2,112 on 8 April 2015.

The stock had outperformed the market over the past one month till 15 April 2015, advancing 3.7% compared with Sensex's 1.04% rise. The scrip had also outperformed the market in past one quarter, surging 35.54% as against Sensex's 2.58% rise.

The large-cap pharma firm has equity capital of Rs 89.90 crore. Face value per share is Rs 2.

A foreign brokerage reportedly said that the generic approval for Lupin's Suprax in the United States would hurt Lupin's earnings as this approval has come earlier than expected. This is the first generic approval for Suprax. It may be recalled that Aurobindo Pharma during market hours yesterday, 15 April 2015 said that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Cefixime, a bioequivalent to Lupin's Suprax for oral suspension USP, 100mg/5mL and 200mg/5mL.

Lupin's consolidated net profit rose 26.3% to Rs 601.45 crore on 5.4% growth in net sales to Rs 3144.91 crore in Q3 December 2014 over Q3 December 2013.

Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded and generic formulations as well as biotechnology product and APIs globally.

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Sugar stocks edge higher

Apr 16 2015 6:03PM

Rana Sugars (up 2.67%), Bajaj Hindusthan (up 1.58%), Triveni Engineering Industries (up 0.77%), Sakthi Sugars (up 1.37%), Balrampur Chini Mills (up 0.6%), Shree Renuka Sugars (up 0.38%) and Simbhaoli Sugars (3.55%) edged higher. Dhampur Sugar Mills (down 2.11%) and Dwarikesh Sugar Industries (down 1.95%) edged lower.

Meanwhile, the S&P BSE Sensex was down 203.82 points or 0.71% at 28,595.87.

Food Minister Ramvilas Paswan reportedly said yesterday, 15 April 2015 that his ministry would soon recommend raising the import duty on sugar to 40% from the existing 15% with a view to reduce the surplus.

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Orient Paper & Industries to hold board meeting

Apr 24 2015 5:01PM

Orient Paper & Industries will hold a meeting of the Board of Directors of the Company on 11 May 2015, to draft Annual Report and Accounts of the Company for the year ended 31 March 2015 and declaration of Dividend if any.

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Firstsource Solutions to hold board meeting

Apr 24 2015 4:59PM

Firstsource Solutions will hold a meeting of the Board of Directors of the Company on 5 May 2015, to consider the audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2015.

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JK Cements to hold board meeting

Apr 17 2015 5:54PM

JK Cements will hold a meeting of the Board of Directors of the Company on 23 May 2015, to consider, approve and take on record Audited Financial Results of the Company for the Quarter and year ended on 31 March 2015.

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Sanathnagar Enterprises to hold board meeting

Apr 16 2015 6:06PM

Sanathnagar Enterprises will hold a meeting of the Board of Directors of the Company on 30 April 2015, to consider and approve Audited Financial Results of the Company for the year ended 31 March 2015.

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Board of GRUH Finance recommends final dividend

Apr 16 2015 6:05PM

GRUH Finance announced that the Board of Directors of the Company at its meeting held on 16 April 2015, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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ABC Bearings to hold board meeting

Apr 15 2015 4:06PM

ABC Bearings will hold a meeting of the Board of Directors of the Company on 5 May 2015, to consider Audited Financial Results of the Company for the year ended 31 March 2015 and recommendation of dividend.

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Srikalahasthi Pipes to hold board meeting

Apr 15 2015 4:05PM

Srikalahasthi Pipes will hold a meeting of the Board of Directors of the Company on 30 April 2015, to consider the audited financial results for the quarter & year ended 31 March 2015 and recommend dividend

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State Bank of Mysore to hold board meeting

Apr 15 2015 4:04PM

State Bank of Mysore will hold a meeting of the Board of Directors of the Company on 23 April 2015, to consider the audited financial results of the Bank for the year ended 31 March 2015 and payment of final dividend

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IDFC MF Announces Dividend Under Its Schemes

Apr 24 2015 5:05PM

IDFC Mutual Fund has announced 29 April 2015 as the record date for declaration of dividend under the dividend option of following schemes. The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be:

IDFC Arbitrage Fund-Regular Plan, Direct Plan & Plan-B, IDFC Arbitrage Plus Fund-Regular Plan, Direct Plan & Plan B and IDFC Asset Allocation Fund of Fund-Aggressive Plan- Regular Plan: 0.0800 each.

IDFC Asset Allocation Fund of Fund-Conservative Plan-Regular Plan, Direct Plan & Moderate Plan-Regular Plan: 0.0600 each.

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Reliance Fixed Horizon Fund – XXVIII – Series 17 Floats On

Apr 24 2015 5:03PM

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXVIII – Series 17, a close ended income scheme with the duration of 1125 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 24 April to 27 April 2015.

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 growth and dividend pay out option under both 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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DSP BalckRock MF Announces Dividend Under Its Schemes

Apr 16 2015 6:08PM

DSP BlackRock Mutual Fund has announced 20 April 2015 as the record date for declaration of dividend under the Regular Plan -Dividend Payout (Regular & Quarterly Payout) Option & Direct Plan- Dividend Payout (Regular & Quarterly Payout) Option of DSP BlackRock FMP – Series 161 – 12M, Regular Plan -Dividend Payout (Regular & Quarterly Payout) Option & Direct Plan-Dividend Payout (Regular & Quarterly Payout) Option of DSP BlackRock FMP – Series 162 – 12M, Regular Plan -Dividend Payout Option & Direct Plan- Dividend Payout Option of DSP BlackRock FTP – Series 36 – 15M and Regular Plan -Dividend Payout Option & Direct Plan- Dividend Payout Option of DSP BlackRock FTP – Series 37 – 14M.

The quantum of dividend will be upto 100% of distributable surplus as on record date on the face value of Rs 10 per unit. The scheme redemption date is also 20 April 2015.

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HDFC MF Announces Rollover Under HDFC FMP 367D April 2014 (1)

Apr 16 2015 6:07PM

HDFC Mutual Fund has announced rollover of HDFC FMP 367D April 2014 (1), a plan under HDFC Fixed Maturity Plans – Series 31 which is due for maturity on 30 April 2015.

The features of the proposed rollover are as follows:

Date of Rollover: 05 May 2015.

Period of rollover: 770 days.

Date of Maturity for rollover: 12 June 2017.

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JPMorgan India Active Bond Fund Announces Change In Exit Load Structure

Apr 15 2015 4:08PM

JPMorgan Mutual Fund has announced change in exit load structure under retail plan and direct plan of JPMorgan India Active Bond Fund (an open-ended income scheme), with effect from 15 April 2015.

Accordingly, the exit load will be:

If redeemed within 12 months from the date of allotment in respect of lumpsum & within 12 months from the date of allotment in respect of each purchase made through SIP, the exit load will be 1.00%.

If redeemed after 12 months from the date of allotment in respect of lumpsum & after 12 months from the date of allotment in respect of each purchase made through SIP, the exit load will be Nil.

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ICICI Prudential Fixed Maturity Plan – Series 76 – 1135 Days Plan Z Floats On

Apr 15 2015 4:07PM

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 76 – 1135 Days Plan Z, a close ended debt scheme. The tenure of the scheme is 1135 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 15 April to 21 April 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 80%-100% of its assets in debt instruments including government securities and invest upto 20% 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 Composite Bond Fund Index.

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

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Profit Krishna

ICICI Prudential Fixed Maturity Plan – Series 76 – 1120 Days Plan S Floats On

Mar 17 2015 4:39PM

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 76 – 1100 Days Plan S, a close ended debt scheme. The tenure of the scheme is 1120 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 17 March to 19 March 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 80%-100% of its assets in debt instruments including government securities and invest upto 20% 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 Composite Bond Fund Index.

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

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Profit Krishna

Reliance Fixed Horizon Fund – XXVIII – Series 11 Floats On

Mar 17 2015 4:38PM

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXVIII – Series 11, a close ended income scheme with the duration of 1132 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 17 March to 19 March 2015.

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 growth and dividend pay out option under both 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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Coriander prices fell by 1.34 per cent on Friday

Apr 24 2015 1:50PM

Coriander prices fell by 1.34 per cent on Friday 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 May 2015 contract were trading at Rs. 10,780 per quintal, down by 1.34 per cent, after opening at Rs. 10,950 against the previous closing price of Rs. 10,926. It touched the intra-day low of Rs. 10,702 till the trading. (At 11.30 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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Lead gains on upbeat demand prospects

Apr 17 2015 5:41PM

Lead prices rose by 0.31 per cent on Friday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 3725 metric tonnes to 204775 metric tonnes as on April 16, 2015. At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 127.90 per kg, up by 0.31 per cent, after opening at Rs 127.45, against a previous close of Rs 127.50. It touched an intra-day high of Rs 128.20 till the trading. (At 3.40 PM today).

Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.

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Zinc rises on drop in stocks

Apr 17 2015 5:39PM

Zinc prices rose by 0.58 per cent on Friday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity.

LME zinc stocks fell by 300 metric tonnes to 495550 metric tonnes as on April 17, 2015. Zinc futures for April 2015 contract, at MCX, were trading at Rs 139.70 per kg, up by 0.58 per cent after opening at Rs. 138.70 against the previous closing price of Rs. 138.90. It touched the intra-day high of Rs. 139.75 till the trading. (At 4.07 PM today).

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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Lead prices rose by 1.24 per cent on Thursday at the domestic markets

Apr 16 2015 6:00PM

Lead prices rose by 1.24 per cent on Thursday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 2525 metric tonnes to 208500 metric tonnes as on April 16, 2015.

At the MCX, Lead futures, for the April 2015 contract, is trading at Rs 126.30 per kg, up by 1.24 per cent, after opening at Rs 124.85, against a previous close of Rs 124.75. It touched an intra-day high of Rs 126.40 till the trading. (At 4.00 PM today).

Sentiment improved further as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.

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Zinc gains on strong stockpile data

Apr 16 2015 5:58PM

Zinc prices rose by 0.84 per cent on Thursday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 2175 metric tonnes to 498550 metric tonnes as on April 16, 2015.

Zinc futures for April 2015 contract, at MCX, were trading at Rs 138.70 per kg, up by 0.84 per cent after opening at Rs. 137.55 against the previous closing price of Rs. 137.55. It touched the intra-day high of Rs. 138.85 till the trading. (At 4.30 PM today).

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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China Copper Imports Soar 46% In March 2015

Apr 15 2015 4:11PM

Chinas copper imports surged 46.4% in March as firms resumed shipments after the Lunar New Year holidays the month before. Arrivals of anode, refined copper, copper alloys and semi-finished copper products reached 410,000 tonnes in March, compared with 280,000 tonnes in February, data from the General Administration of Customs showed on Monday. Februarys shipments were the lowest since June 2011 as slowing economic growth curbed demand. In the first quarter of 2015, copper imports dropped 17.1 percent to 1.1 million tonnes from the same period last year, the data showed.

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German CPI Confirms Up 0.50% In March

Apr 15 2015 4:09PM

German consumer prices rose on the month in March, supporting cautious optimism that the European Central Banks stimulus measures are starting to have an effect. Consumer prices measured according to common European standards rose 0.5% on the month and 0.1% on the year, the Federal Statistics Office said Wednesday, confirming its first estimate published at the end of March. German consumer prices measured according to national standards rose 0.5% on the month and 0.3% on the year in March, Destatis added, also confirming its preliminary reading. Food prices fell 0.1% while energy prices were down 5.7% in annual terms, Destatis said. Stripping out energy, the March inflation rate was 1.0%, Destatis added.

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Gold dips on subdued demand

Mar 17 2015 1:15PM

Gold prices fell by 0.26 per cent on Tuesday at the domestic markets due to offloading of positions by speculators on sluggish spot demand and a weak trend overseas, as investors weighed the outlook for higher US interest rates before the Federal Reserve begins a two-day meeting.

However, a weak dollar raised the appeal of the bullion as an alternative asset. Weaker dollar makes the precious metal cheaper for those holding other currencies, thus increasing demand. Gold futures for April 2015 contract, at MCX, were trading at Rs. 25,715 per 10 grams, down by 0.26 per cent after opening at Rs. 25,721 against the previous closing price of Rs. 25,783. It touched the intra-low high of Rs. 25,734 till the trading

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Post-Session: Sensex ends lower; realty stocks drop at the end of the market

Apr 24 2015 5:11PM

The Indian benchmarks closed on dull note with Infosys leading the decline after disappointing March quarter earnings while the guidance for the current fiscal was also lower than Nasscom estimates. Meanwhile, according to reports the Central Board of Direct Taxes has instructed Foreign Portfolio Investors claiming treaty benefits be settled within a month. Except for FMCG which ended flat all sectoral indices on the BSE ended lower with Realty and Consumer Durables being the top losers down over 3% each. The BSE SENSEX closed at 27437.94 down by -297.08 points or by -1.07 per cent and then NSE Nifty closed at 8305.25 down by -93.05 points or by -1.11 per cent.

The BSE MIDCAP closed at 10435.64 down by -171.43 points or by -1.62 per cent. while the BSE SMLCAP closed at 11008.62 down by -301.28 points or by -2.66 per cent

The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 315.80,+2.60 per cent), Maruti Suzuki India Ltd. (Rs. 3561.00,+1.92 per cent), Tata Consultancy Services Ltd. (Rs. 2496.90,+1.63 per cent), ITC Ltd. (Rs. 347.15,+1.43 per cent), Tata Motors Ltd. (Rs. 515.30,+0.72 per cent), among others.

The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1996.25,-5.95 per cent), Cipla Ltd. (Rs. 637.80,-3.89 per cent), Sesa Sterlite Ltd. (Rs. 205.05,-3.16 per cent), Hindalco Industries Ltd. (Rs. 131.25,-2.78 per cent), Larsen & Toubro Ltd. (Rs. 1679.60,-2.63 per cent), among others.

The top gainers of the NSE Nifty pack were NMDC Ltd. (Rs. 128.80,+3.37 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 316.85,+2.89 per cent), Cairn India Ltd. (Rs. 218.65,+2.36 per cent), Lupin Ltd. (Rs. 1757.15,+1.81 per cent), ITC Ltd. (Rs. 347.95,+1.71 per cent), among others.

The top losers of the NSE Nifty pack were Infosys Ltd. (Rs. 1995.20,-5.98 per cent), Mahindra & Mahindra Ltd. (Rs. 587.50,-4.50 per cent), Cipla Ltd. (Rs. 637.65,-3.96 per cent), IndusInd Bank Ltd. (Rs. 830.55,-3.28 per cent), YES Bank Ltd. (Rs. 823.95,-3.21 per cent), among others.

Among the thirteen sectoral indices, realty index was leading the decline and closed at 1573.07 down by -62.95 points or by -3.85 per cent. National Buildings Construction Corporation Ltd. (Rs. 784.10,-7.72 per cent), Indiabulls Real Estate Ltd. (Rs. 57.90,-5.62 per cent), Housing Development & Infrastructure Ltd. (Rs. 115.60,-4.70 per cent), Sobha Ltd. (Rs. 390.05,-4.60 per cent), Oberoi Realty Ltd. (Rs. 281.40,-4.09 per cent)

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2844 , shares advanced were 668 while 2074 shares declined and 102 were unchanged

Close
Profit Krishna

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]