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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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TCS inches up after expansion in Singapore

Mar 17 2015 4:35PM

The stock hit a high of Rs 2,605.50 and a low of Rs 2,557.95 so far during the day. The stock had hit a record high of Rs 2,834 on 7 October 2014. The stock had hit a 52-week low of Rs 2,000.50 on 19 May 2014.

India's largest IT services provider by sales has equity capital of Rs 195.87 crore. Face value per share is Re 1.

TCS said that the latest facility will provide a range of application development, digital and IT services to leading global banks in the Asia Pacific region.

TCS' consolidated net profit rose 1.6% to Rs 5328 crore on 2.9% growth in revenue to Rs 24501 crore in Q3 December 2014 over Q2 September 2014.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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Cadila Healthcare spurts on launching SoviHep

Mar 17 2015 4:34PM

The stock hit a high of Rs 1,717 and a low of Rs 1,577 so far during the day. The stock hit a record high of Rs 1,760 on 11 November 2014. The stock hit a 52-week low of Rs 872.55 on 19 May 2014.

The stock had outperformed the market over the past one month till 16 March 2015, sliding 1.58% compared with Sensex's 2.4% fall. The scrip, however, underperformed the market in past one quarter, rising 3.67% against Sensex's 6.18% rise.

The large-cap company has an equity capital of Rs 102.37 crore. Face value per share is Rs 5.

Cadila Healthcare announced that Zydus group has launched the breakthrough oral therapy, SoviHep which will provide succor to more than 10 million patients who suffer from Hepatitis C in India. The therapy will be marked by the specialty division of the group, Zydus Heptiza.

Zydus and Gilead Sciences had signed a non-exclusive licensing agreement which will allow the manufacture of sofosbuvir and the fixed-dose combination of ledipasvir/sofosbuvir for distribution in 91 countries including India, Cadila Healthcare said.

On a consolidated basis, Cadila Healthcare's net profit rose 51.6% to Rs 281.91 crore on 17% increase in total income to Rs 2204.08 crore in Q3 December 2014 over Q3 December 2013.

Zydus Cadila is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.

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ABNL drops after temporary shutdown of a fertilizer plant in UP

Feb 27 2015 4:30PM

The stock was volatile. The stock fell as much as 0.88% at the day's low of Rs 1,714 so far during the day. The stock rose as much as 0.81% at the day's high of Rs 1,743.30 so far during the day. The stock had hit a 52-week low of Rs 1,030 on 21 March 2014. The stock had hit a 52-week high of Rs 1,912.85 on 13 November 2014.

The stock had underperformed the market over the past one month till 26 February 2015, sliding 5.25% compared with Sensex's 1.82% fall. The scrip had also underperformed the market in past one quarter, declining 0.82% as against Sensex's 1.27% rise.

The large-cap firm has equity capital of Rs 130.14 crore. Face value per share is Rs 10.

Aditya Birla Nuvo (ABNL) said that its ammonia/urea plant at Jagdishpur in Uttar Pradesh have been shut down from today, 27 February 2015. The shutdown of the plant is necessitated due to policy of the Government of India for production beyond 100% quantity as permissible under the pricing mechanism, during the financial year 2014-15, ABNL said. The company will carry out various maintenance jobs during the shutdown period. The plant will remain under shut down till 1st week of April 2015, ABNL added.

On consolidated basis, ABNL's net profit rose 6.6% to Rs 368.14 crore on 1.1% growth in net sales to Rs 6539.35 crore in Q3 December 2014 over Q3 December 2013.

ABNL is a conglomerate and is a part of the Aditya Birla Group. ABNL is present across Financial Services, Telecom, Fashion and Lifestyle, IT-ITeS and Manufacturing businesses.

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MRPL edges higher

Feb 27 2015 4:27PM

The stock hit a high of Rs 63.90 and a low of Rs 62.60 so far during the day. The stock had hit a 52-week high of Rs 80.65 on 21 May 2014. The stock had hit a 52-week low of Rs 38.05 on 28 February 2014.

The stock had outperformed the market over the past one month till 26 February 2015, surging 23.17% compared with Sensex's 1.82% fall. The scrip had also outperformed the market in past one quarter, jumping 21.6% as against Sensex's 1.27% rise.

The mid-cap company has equity capital of Rs 1752.60 crore. Face value per share is Rs 10.

Mangalore Refinery and Petrochemicals (MRPL) said that propylene has been taken into polypropylene unit today, 27 February 2015. The commercial production is expected to commence shortly, MRPL added.

MRPL reported a net loss of Rs 1894.36 crore in Q3 December 2014, higher than net loss of Rs 247.68 crore in Q3 December 2013. Net sales declined 21.1% to Rs 14711.85 crore in Q3 December 2014 over Q3 December 2013.

MRPL, a schedule ‘A' CPSE and a subsidiary of ONGC, is a grassroot refinery located in Mangalore city, in Dakshin Kannada region. The refinery has flexibility to process crudes of various api and with high degree of automation.

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Dena Bank gains after fixing preferential allotment price

Feb 27 2015 4:25PM

The stock hit a high of Rs 56.20 and a low of Rs 55 so far during the day. The stock had hit a 52-week high of Rs 94.40 on 9 June 2014. The stock had hit a 52-week low of Rs 51 on 6 February 2015.

The stock had underperformed the market over the past one month till 26 February 2015, sliding 6.73% compared with Sensex's 1.82% fall. The scrip had also underperformed the market in past one quarter, declining 7.2% as against Sensex's 1.27% rise.

The PSU bank has equity capital of Rs 537.82 crore. Face value per share is Rs 10.

Dena Bank said that the issue committee of board of directors of the company at its meeting held yesterday, 26 February 2015, fixed the issue price of Rs 60 per share to issue 2.33 crore equity shares to Government of India (GoI).

Dena Bank's net profit rose 12.9% to Rs 76.56 crore on 7.7% growth in total income to Rs 2867.32 crore in Q3 December 2014 over Q3 December 2013.

The GoI held 58.01% stake in Dena Bank (as per the shareholding pattern as on 31 December 2014).

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Nitin Fire Protection slides on profit booking

Feb 24 2015 1:58PM

The stock hit a high of Rs 44.60 and a low of Rs 41.95 so far during the day. The stock had hit a 52-week low of Rs 30.15 on 2 December 2014. The stock had hit a record high of Rs 66.75 on 3 July 2014.

The stock had outperformed the market over the past one month till 23 February 2015, advancing 24.71% compared with Sensex's 1.04% fall. The scrip had also outperformed the market in past one quarter, jumping 14.51% as against Sensex's 2.26% rise.

The small-cap company has equity capital of Rs 58.45 crore. Face value per share is Rs 2.

Shares of Nitin Fire Protection Industries had rallied 13.76% in two trading sessions to settle at Rs 43.40 yesterday, 23 February 2015, from a recent low of Rs 38.15 on 19 February 2015.

Nitin Fire Protection Industries during market hours today, 24 February 2015 said that its board of directors will meet on 9 March 2015, to consider expansion of the company's fire protection business into defence sector whereby the company is proposing to introduce and move its product into specialized fire protection application suitable for defence applications which would further enhance the portfolio and expansion into the space.

On consolidated basis, Nitin Fire Protection Industries' net profit surged 394.4% to Rs 21.21 crore on 468.5% growth in net sales to Rs 400.16 crore in Q3 December 2014 over Q3 December 2013.

Nitin Fire Protection Industries makes fire protection and intelligent building management systems. The company provides end-to-end solutions for fire protection, comprising manufacturing, designing, engineering, commissioning and maintenance.

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Volumes jump at Sobha counter

Feb 24 2015 1:56PM

Sobha clocked volume of 7.71 lakh shares by 13:36 IST on BSE, a 36.51-times surge over two-week average daily volume of 21,000 shares. The stock rose 0.17% at Rs 469.90.

SRS Real Infrastructure notched up volume of 50.93 lakh shares, a 33.15-fold surge over two-week average daily volume of 1.54 lakh shares. The stock rose 2.75% at Rs 18.70.

Credit Analysis & Research saw volume of 1.06 lakh shares, a 22.84-fold surge over two-week average daily volume of 5,000 shares. The stock fell 0.48% at Rs 1,602.

Bharti Infratel clocked volume of 3.28 lakh shares, a 11.73-fold surge over two-week average daily volume of 28,000 shares. The stock rose 0.4% at Rs 368.35.

Amulya Leasing & Finance saw volume of 5.25 lakh shares, a 8.57-fold rise over two-week average daily volume of 61,000 shares. The stock surged 12.13% at Rs 137.70.

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Jyoti Structures is in turnkey/EPC projects

Feb 18 2015 1:29PM

The stock hit a high of Rs 37 and a low of Rs 35.15 so far during the day. The stock hit a 52-week high of Rs 69.80 on 7 July 2014. The stock hit a 52-week low of Rs 25.65 on 17 February 2014.

The stock had underperformed the market over the past one month till 16 February 2015, sliding 16.37% compared with Sensex's 3.61% rise. The scrip also underperformed the market in past one quarter, falling 21.39% as against Sensex's 3.88% rise.

The small-cap company has an equity capital of Rs 21.91 crore. Face value per share is Rs 2.

Jyoti Structures said that Gulf Jyoti International LLC Dubai, a joint venture of the company and Gulf Investment Corporation of Kuwait have recently secured several export and domestic orders for transmission lines. The projects include Rs 310 crore order for 400 kv transmission line project in Sultanate of Oman, Rs 32 crore 400 kv transmission line project from DEWA (Dubai Electricity and Water Authority, Dubai and Rs 240 crore orders for various projects for fabrication and supply of transmission line steel structures, Jyoti Structures said.

Jyoti Structures reported net loss of Rs 93.70 crore in Q3 December 2014 compared with net profit of Rs 13.88 crore in Q3 December 2013. Total income fell 8.4% to Rs 612.17 crore in Q3 December 2014 over Q3 December 2013.

Jyoti Structures is in turnkey/EPC projects in the field of power transmission. The company's main business focus areas are transmission lines, substations and distribution projects. The company undertakes turnkey projects on a global scale, offering a complete range of services in design, testing, manufacturing, sourcing, supply and construction with its in-house expertise.

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Joy Realty to hold board meeting

Mar 17 2015 4:37PM

Joy Realty will hold a meeting of the Board of Directors of the Company on 26 March 2015, to review the Business of the Company since last meeting, and to consider appointment of Monika Trivedi as an Additional Director on Board pursuant to clause 49 (II)(A)(1) of Listing Agreement.

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Outcome of board meeting of Gujarat Themis Biosyn

Mar 17 2015 4:36PM

Gujarat Themis Biosyn announced that the Board of Directors of the Company at its meeting held on 17 March 2015, has discussed and approved the following matters:

1. Resignation of Hinesh Doshi as Alternate Director to S. S. Lee has been accepted with immediate effect.

2. Bharat A. Desai has been appointed as Chief Financial Officer (CFO) of the Company w.e.f. 17 March 2015.

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Puneet Resins director resigns

Feb 27 2015 4:37PM

Puneet Resins announced that the board of directors of the company vide their circular resolution dated 26 February 2015 have accepted resignation of Mahendra Kumar Kapoor as a Non Executive Promoter Director of the Company due to his old age and continued health problems.

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Enbee Trade & Finance appoints additional directors

Feb 27 2015 4:36PM

Arvind Jethalal Gala, Nishith Kartik Pandit and Jayesh Gulabbhai Patel have been appointed as additional directors on the board of Enbee Trade & Finance with effect from 20 February 2015.

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Usha Martin Education & Solutions appoints director and CFO

Feb 27 2015 4:35PM

Usha Martin Education & Solutions announced that the directors in their meeting held on 29 January 2015 have appointed Gangotri Guha as the Director and Vinay Kumar Gupta as the Chief Financial Officer on the board of the Company.

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APL Apollo Tubes upgrades its credit ratings

Feb 27 2015 4:31PM

APL Apollo Tubes announced that considering the improvement in overall operational and financial profile of the Company and performance for the 9 months' period ended 31 December 2014, ICRA Ratings has upgraded the long-term rating from "[ICRA]A-" (pronounced as ICRA A minus) to "[ICRA]A" (pronounced as ICRA A) and reaffirmed the short-term rating of "[ICRA]A1" (pronounced as ICRA A one) for Company's credit facility.

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Board of Stovec Industries approves change in directorate

Feb 24 2015 2:04PM

Stovec Industries announced that the Board of Directors of the Company at its meeting held on 19 February 2015, have appointed Ms. Everdina Herma Slijkhis as an Additional Director on the Board of w.e.f. 19 February 2015. Further, Mr. Joost Smits, Director due to his pre-occupations has resigned from the Board w.e.f. 19 February 2015. The Board of Directors placed on record their appreciation for the contribution made by Joost Smits during his tenure as a Director of the Company.

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Nitin Fire Protection Industries to hold board meeting

Feb 24 2015 2:01PM

Nitin Fire Protection Industries will hold a meeting of the Board of Directors of the Company on 9 March 2015 to expand the Company’s fire protection business into defence sector whereby the Company is proposing to introduce and move its product into specialized fire protection application suitable for defence applications which would further enhance the portfolio and expansion into the space.

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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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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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Union KBC Capital Protection Oriented Fund – Series 6 Floats On

Mar 17 2015 4:38PM

Union KBC Mutual Fund has launched a new fund named as Union KBC Capital Protection Oriented Fund – Series 6, a close ended capital protection oriented scheme. The scheme will have duration of 1100 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 17 March and will close on 23 March 2015.

The investment objective of the scheme is to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments.

The scheme offers two options viz. growth and dividend option.

The scheme would allocate 80% to 100% of assets in debt & money market instruments with low to medium risk profile and upto 20% in equity and equity related instruments with high 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 MIP Blended Fund Index.

The fund managers of the scheme are Ashish Ranawade (Equity Portion) and Parijat Agrawal (Debt Portion).

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DSP BlackRock FMP – Series 148 – 12M Announces Dividend

Feb 27 2015 4:41PM

DSP BlackRock Mutual Fund has announced 03 March 2015 as the record date for declaration of dividend under the Regular Plan -Dividend Payout Option of DSP BlackRock FMP – Series 148 – 12M, a close ended income scheme. 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 03 March 2015.

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Franklin Templeton MF Announces Change In Directorship

Feb 24 2015 2:13PM

Franklin Templeton Mutual Fund has announced that Stephen H. Dover has stepped down from the directorship of Franklin Templeton Trustee Services, with effect from 18 February 2015.

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IDFC MF Announces Rollover of IDFC Fixed Term Plan – Series 81

Feb 24 2015 2:11PM

IDFC Mutual Fund has announced rollover of IDFC Fixed Term Plan – Series 81, a close ended income scheme which is due for maturity on 09 March 2015.

The features of the proposed rollover are as follows:

Period of rollover: 729 days.

Date of Maturity for rollover: 07 March 2017.

Asset allocation post rollover:

The scheme would invest upto 30% of assets in money market instruments (including CBLO) with low to medium risk profile and invest 70%-100% of assets in debt securities with medium to high risk profile.

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ICICI Prudential Fixed Maturity Plan – Series 73 – 366 Days Plan A Announces Rollover

Feb 18 2015 1:53PM

ICICI Prudential Mutual Fund has proposed to roll over (extension of maturity date) ICICI Prudential Fixed Maturity Plan-Series 73-366 Days Plan A from 03 March 2015 (existing maturity date) to 10 April 2017 and the details and material terms of such roll over (extension of maturity date) are as follows:

Purpose-The purpose of the roll over (extension of maturity date) is to continue to benefit from the prevailing yields in the fixed income market into consideration the current economic and regulatory environment.

Period - 769 days.

Extended Maturity Date-10 April 2017.

Date of rollover-04 March 2015.

Terms of roll over-Upon roll over of the scheme, certain provisions of the scheme stand modified as:

Asset Allocation: The scheme shall invest 70-100% in debt instrument including securitized debt and up to 30% in money market instruments.

Tenure of the scheme: The tenure of the scheme will be 769 days from the date of roll over and will mature on 10 April 2017.

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DWS Hybrid Fixed Term Fund – Series 35 (1100 Days) Floats On

Feb 18 2015 1:52PM

Deutsche Mutual Fund has unveiled a new fund named as DWS Hybrid Fixed Term Fund – Series 35, a close ended debt fund. The tenure of the scheme is 1100 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 18 February and closes on 04 March 2015.

The objective of the fund is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the scheme and to generate capital appreciation by investing in equity and equity related instruments.

Growth and dividend (regular, quarterly and annual payout) options are offered under the scheme.

The scheme would invest 65% to 95% of assets in debt and debt related instrument with low to medium risk profile, invest upto 10% of assets in money market instruments with low risk profile and invest 5%-25% of assets in equity and equity related instruments including derivatives with high risk profile.

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

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

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

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

The equity portion of the scheme will be managed by Akash Singhania and debt portion will be managed by Rakesh Suri.

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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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Castorseed drops on demand concerns

Mar 17 2015 1:12PM

 Castorseed prices fell by 0.6 per cent on Tuesday 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 March 2015 contract was trading at Rs. 3,648 per quintal tonnes, down by 0.6 per cent, after opening at Rs. 3,652 against the previous closing price of Rs. 3,670. It touched the intra-day low of Rs. 3,639 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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zinc price rise by 0.91% on tuesday

Feb 12 2015 5:06PM

Zinc prices rose by 0.91 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 4100 metric tonnes to 598575 metric tonnes as on February 12, 2015. Zinc futures for February 2015 contract, at MCX, were trading at Rs 133.30 per kg, up by 0.91 per cent after opening at Rs. 131.85 against the previous closing price of Rs. 132.10. It touched the intra-day high of Rs. 133.35 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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Copper surges after Ukraine cease-fire deal

Feb 12 2015 5:03PM

Copper prices rose by 1 per cent on Thursday at the domestic markets as investors cheered reports of a cease-fire agreement between Russia and Ukraine. Russian President Vladimir Putin confirmed that a cease fire deal with Ukraine starting February 15 had been reached, following months of violence. The leaders of France and Germany helped broker the deal after nearly 12 hours of all-night peace talks.

At the MCX, copper futures for February 2015 contract were trading at Rs. 354.80 per 1 kg, up by 1 per cent, after opening at Rs. 351 against the previous closing price of Rs. 351.30. It touched the intra-day high of Rs. 355.25 till the trading. (At 4.10 PM today).

However, gains were limited due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 4300 metric tonnes to 292750 metric tonnes as on February 12, 2015.

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Mentha oil futures fell by 0.42% in mcx market

Feb 10 2015 4:48PM

Mentha oil prices fell by 0.42 per cent on Tuesday 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. At MCX, Mentha oil futures for February 2015 contract, at MCX, were trading at Rs. 754.70 per kg, down by 0.42 per cent after opening at Rs. 758.40 against the previous closing price of Rs. 757.90. It touched the intra-day low of Rs. 750.50 till the trading. (At 2.41 PM today).

Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market.

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

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Downbeat demand prospects drags down Lead futures

Feb 10 2015 4:45PM

Lead prices fell by 0.47 per cent on Tuesday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.

At the MCX, Lead futures, for the February 2015 contract, is trading at Rs 754.30 per kg, down by 0.47 per cent, after opening at Rs 758.40, against a previous close of Rs 757.90. It touched an intra-day low of Rs 750.50 till the trading. (At 3.26 PM today).

However, losses were curbed 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 900 metric tonnes to 212700 metric tonnes as on February 10, 2015.

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Zinc dips on bearish Japan data

Feb 9 2015 5:12PM

Zinc prices fell by 0.26 per cent on Monday at the domestic markets after Household confidence in Japan rose less-than-expected last month signaling weak sentiment in the region which reduced the demand outlook for the metal. Cabinet Office said that Japanese Household Confidence rose to a seasonally adjusted annual rate of 39.1, from 38.8 in the preceding month. Zinc futures for February 2015 contract, at MCX, were trading at Rs 133.55 per kg, down by 0.26 per cent after opening at Rs. 133.65 against the previous closing price of Rs. 133.90. It touched the intra-day low of Rs. 133.35 till the trading. (At 3.30 PM today).

However, losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 3925 metric tonnes to 612150 metric tonnes as on February 9, 2015

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

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Lead drops on weak demand from industries

Feb 9 2015 5:02PM

Lead prices fell by 0.26 per cent on Monday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the February 2015 contract, is trading at Rs 114.55 per kg, down by 0.26 per cent, after opening at Rs 114.75, against a previous close of Rs 114.85. It touched an intra-day low of Rs 114.30 till the trading. (At 3.15 PM today).

However, losses were curbed 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 650 metric tonnes to 213600 metric tonnes as on February 9, 2015

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Mid-Session: Market stays on firm footing; broader market support

Mar 17 2015 1:09PM

The key domestic benchmark indices remained in upbeat mood in afternoon session of the day’s trade in line with Asian peers, helped by gains in the healthcare, metal, auto and FMCG sectors. The US markets, in the overnight trading, closed higher shrugging off concerns about Fed’s interest rate hike. Even, the Asian market ended higher, led by gains in Shanghai Composite, after Chinese premier Li Keqiang said that the government will step up efforts to bolster economic growth. Back home, shares of Tata Motors rise on expectations of a revival in the demand for commercial vehicles. Among others, Hindalco Industries, Sesa Sterlite, Tata Motors, Dr. Reddy's Laboratories and Cipla, were among notable gainers on BSE.

At 12:35 AM BSE SENSEX was at 28616.44 up by 178.73 points or by 0.63 per cent and then NSE Nifty was at 8686.65 up by 53.5 points or by 0.62 per cent.

Even, the broader market were holding its ground with the BSE MIDCAP trading at 10816.69 up by 58.29 points or by 0.54 per cent, while the BSE SMLCAP was at 11169.01 up by 57.19 points or by 0.51 per cent.

Today, the Indian benchmarks kicked-off day on positive note on firm global cues. In the bullish trade so far, the BSE Sensex touched intraday high of 28783.39 and intraday low of 28545.43 The NSE Nifty touched intraday high of 8738.45 and intraday low of 8665.15.

The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 132.80,+4.65%), Dr. Reddy's Laboratories Ltd. (Rs. 3412.55,+2.98%), Tata Steel Ltd. (Rs. 334.05,+2.41%), Tata Motors Ltd. (Rs. 570.00,+2.19%), Sesa Sterlite Ltd. (Rs. 189.55,+2.18%), among others.

On the flip side Infosys Ltd. (Rs. 2238.35,-1.26%), Bharti Airtel Ltd. (Rs. 384.35,-1.23%), Mahindra & Mahindra Ltd. (Rs. 1211.50,-0.67%), GAIL (India) Ltd. (Rs. 380.05,-0.31%), Wipro Ltd. (Rs. 644.50,-0.29%), were among top losers.

Among the thirteen sectoral indices, healthcare index was top gainer and was trading at 17179.69 up by 285.73 points or by 1.69 per cent. Ipca Laboratories Ltd. (Rs. 765.00,+4.37%), Dr. Reddy's Laboratories Ltd. (Rs. 3412.55,+2.98%), Aurobindo Pharma Ltd. (Rs. 1227.50,+2.75%), Strides Arcolab Ltd. (Rs. 1124.15,+2.73%), Piramal Enterprises Ltd. (Rs. 856.15,+2.50%), were among top gainers.

Following the healthcare index, BSE_CDS index was at 10527.84 up by 126.23 points or by 1.21 per cent. Whirlpool of India Ltd. (Rs. 733.90,+3.87%), TTK Prestige Ltd. (Rs. 3687.95,+2.35%), Titan Company Ltd. (Rs. 403.50,+1.66%), Rajesh Exports Ltd. (Rs. 208.05,+1.31%), Bajaj Electricals Ltd. (Rs. 217.30,+1.26%), were among other supporting the rally.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2713, shares advanced were 1428 while 1166 shares declined and 119 were unchanged.

 

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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]