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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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Navin Fluorine International jumps after reporting robust Q1 results

Jul 30 2015 12:56PM

The stock hit a high of Rs 1,265, which is also a record high for the stock. The stock hit a low of Rs 1,205 so far during the day. The stock had hit a 52-week low of Rs 501 on 1 December 2014.

The stock had outperformed the market over the past one month till 29 July 2015, rising 22.05% compared with Sensex's 0.3% decline. The scrip had also outperformed the market in past one quarter, gaining 37.72% as against Sensex's 1.24% gain.

The mid-cap company has equity capital of Rs 9.77 crore. Face value per share is Rs 10.

Navin Fluorine International operates solely in chemicals business segment.

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ITC gains after reporting Q1 results

Jul 30 2015 12:55PM

The stock hit a high of Rs 311.30 and a low of Rs 300.60 so far during the day. The stock had hit a record high of Rs 409.70 on 28 February 2015. The stock had hit a 52-week low of Rs 294.50 on 15 June 2015.

The stock had underperformed the market over the past one month till 29 July 2015, falling 2% compared with Sensex's 0.3% decline. The scrip had also underperformed the market in past one quarter, dropping 7.39% as against Sensex's 1.24% gain.

The large-cap cigarette maker has equity capital of Rs 801.87 crore. Face value per share is Re 1.

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Wabco India spurts to record high after blockbuster Q1 outcome

Jul 30 2015 12:54PM

The stock scaled a record high of Rs 6,179.70 in intraday trade today, 30 July 2015 so far during the day. The stock hit a low of Rs 5,600 so far during the day. The stock had hit a 52-week low of Rs 3,219.65 on 5 August 2014.

The stock had outperformed the market over the past one month till 29 July 2015, rising 0.73% compared with Sensex's 0.3% decline. The scrip, however, underperformed the market in past one quarter, falling 1.91% as against Sensex's 1.24% gain.

The large-cap company has an equity capital of Rs 9.48 crore. Face value per share is Rs 5.

Wabco India provides solutions to the commercial vehicle segment of the automotive industry, which includes manufacturing ABS.

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BASF India gains after reporting strong Q1 results

Jul 29 2015 11:36AM

The stock hit a high of Rs 1,212.40 and a low of Rs 1,185 so far during the day. The stock had hit a record high of Rs 1,497.60 on 20 January 2015. The stock had hit a 52-week low of Rs 812.15 on 1 August 2014.

The stock had underperformed the market over the past one month till 28 July 2015, falling 2.48% compared with Sensex's 1.27% decline. The scrip had however outperformed the market in past one quarter, gaining 6.24% as against Sensex's 0.23% gain.

The mid-cap company has equity capital of Rs 43.29 crore. Face value per share is Rs 10.

BASF India is a leading transnational company in the Indian chemical industry.

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GSFC slips after poor Q1 earnings

Jul 29 2015 11:35AM

The stock hit a high of Rs 76 and a low of Rs 74 so far during the day. The stock had hit a 52-week low of Rs 64.65 on 3 June 2015. The stock had hit record high of Rs 124.50 on 3 November 2014.

The stock had outperformed the market over the past one month till 28 July 2015, rising 10.91% compared with Sensex's 1.27% decline. The scrip had however underperformed the market in past one quarter, falling 0.99% as against Sensex's 0.23% gain.

The small-cap company has equity capital of Rs 79.70 crore. Face value per share is Rs 2.

GSFC is engaged in manufacturing and marketing fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.

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TajGVK Hotels & Resorts gains after reporting turnaround in Q1 results

Jul 29 2015 11:34AM

The stock hit a high of Rs 74.10 and a low of Rs 70.65 so far during the day. The stock had hit a 52-week high of Rs 128 on 28 August 2014. The stock had hit a 52-week low of Rs 60.20 on 17 June 2015.

The stock had underperformed the market over the past one month till 28 July 2015, falling 6.12% compared with Sensex's 1.27% decline. The scrip had also underperformed the market in past one quarter, dropping 1.94% as against Sensex's 0.23% gain.

The small-cap company has equity capital of Rs 12.54 crore. Face value per share is Rs 2.

TajGVK Hotels & Resorts' net sales rose 15.3% to Rs 62.11 crore in Q1 June 2015 over Q1 June 2014.

TajGVK Hotels & Resorts is a joint venture, formed through a strategic alliance, between the Indian Hotels Company (IHCL) and the Hyderabad based GVK Group in the year 1999/2000. GVK Group is a Hyderabad based multi product and multi-location business conglomerate with several integrated companies in India and abroad. IHCL is a TATA enterprise with a chain of hotels owning the Taj Group of Hotels and manages and operates various hotels across the country and abroad. The company owns & operates three five star hotels in Hyderabad and one five star hotel each in the cities of Chennai and Chandigarh.

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PI Industries gains after good Q1 result

Jul 29 2015 11:33AM

The stock hit a high of Rs 674 and low of Rs 651.65 so far during the day. The stock had hit a 52-week low of Rs 372.05 on 20 October 2014. The stock had hit a record high of Rs 785.65 on 13 April 2015.

The stock had outperformed the market over the past one month till 28 July 2015, rising 0.29% compared with Sensex's 1.27% decline. The scrip also outperformed the market in past one quarter, gaining 4.9% as against Sensex's 0.23% gain.

The mid-cap company has equity capital of Rs 13.66 crore. Face value per share is Re 1.

EBITDA stood at Rs 135.8 crore with margins at 24.5% in Q1 June 2015. This represents an increment of 160 basis points over last year, PI Industries said. A favourable product mix and efficiencies across the operations resulted in margin enhancement, the company said.

PI Industries said that performance of domestic agri input reflected moderated market sentiment and cautious approach at the start of the season. Overall the Kharif season is showing comfortable improvement over previous year on the back of PI's branded portfolio of products, the company said. Custom Synthesis exports maintained a healthy revenue run-rate. The business saw improvement on year on year basis on the back of muted growth realized during Q1 last year, it added.

Commenting on the performance Mayank Singhal, Managing Director & CEO, PI Industries said that during Q1 June 2015, the company focused particularly on product mix to drive a better performance. Very recently PI Industries received approval for one broad spectrum insecticide, which the company will be launching in the third quarter which is in line with strategy of introducing promising brands into the field, periodically, each year.

In terms of outlook, PI Industries said that the company will continue to deliver sustained healthy performance on the back of good growth in the domestic agri input owing to continued momentum in exports.

PI Industries focuses on agri-input and custom synthesis. The company currently operates three formulation and two manufacturing facilities as well as five multi-product plants under its three manufacturing locations across Jammu and Gujarat.

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Tech Mahindra gains after announcing strong Q1 results

Jul 28 2015 10:33AM

Shares of IT services provider hit a high of Rs 527.40 and a low of Rs 518 so far during the day. The stock had hit record high of Rs 749.50 on 2 February 2015. The stock had hit 52-week low of Rs 458.70 on 6 July 2015.

On BSE, so far 1.04 lakh shares were traded in the counter as against average daily volume of 3.81 lakh shares in the past one quarter.

Tech Mahindra's earnings before interest, taxation, depreciation and amortization (EBITDA) rose 0.8% to Rs 936 crore in Q1 June 2015 over Q4 March 2015.

Tech Mahindra said Q4 March 2015 results include the results of Lightbridge Communications Corporation (LCC), USA and SOFGEN Holdings (SOFGEN) which were acquired as 100% subsidiary effective from 2 January 2015 and 14 March 2015 respectively.

In dollar terms, Tech Mahindra's consolidated net profit rose 40.5% to $106 million on 0.5% growth in revenue to $989 million in Q1 June 2015 over Q4 March 2015.

The company's cash and cash equivalents as of 30 June 2015 stood at Rs 3350 crore.

Commenting on the company's Q1 performance, Vineet Nayyar, Executive Vice Chairman of Tech Mahindra said that the company's results are in line with expectations and the management remains hopeful of improving the company's performance by expanding its business in the coming quarters.

C P Gurnani, Managing Director & CEO of Tech Mahindra said that the company's strategic investments and initiatives across Digital are resonating well with the businesses it serves.

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NDTV - Update on Rs. 450 Cr tax matter

Jul 30 2015 4:29PM

With reference to the earlier letter dated June 22, 2015, wherein the Company had informed that the appeal by the Company before the ITAT against the Assessment Order dated February 21, 2014, will come up for hearing on July 30, 2015.

In this regard, New Delhi Television Ltd has now informed BSE that matter came up on July 30, 2015 before the ITAT which has adjourned the matter and has now fixed the next date of hearing on September 29, 2015.

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HDFC Bank allots equity shares

Jul 30 2015 1:00PM

HDFC Bank announced that the Bank has allotted on 30 July 2015 2410900 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS).

The paid up share capital of the Bank will accordingly increase from Rs. 5022916434 equity shares of Rs. 2/- each to Rs. 5027738234 equity shares of Rs. 2/-each.

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Steel Strips Wheels to set up Hot Rolling Mill at Seraikela

Jul 30 2015 12:59PM

Steel Strips Wheels announced that the Company is setting up a specially designed Hot Rolling Mill at Seraikela, State of Jharkhand, for rolling of profile bars under the backward integration policy of the company. Profile bar is the raw material for the side ring/ lock ring, requiring for the Truck Wheel Rim. Presently, the Company is sourcing the profile bars from outside source. Production is expected to start by end of third quarter 2016. The total cost of setting up the Hot Rolling Mill is approx. Rs 55 crore.

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IndusInd Bank launches Internet Payment Gateway

Jul 30 2015 12:57PM

IndusInd Bank has launched an Internet Payment Gateway for enabling online acceptance of credit/ debit and prepaid card. The Payment Gateway will support acquisition of Visa, MasterCard and RuPay cards, besides netbanking transactions.

The Bank has partnered with Pay U India (part of Naspers Group). In addition to this partnership, IndusInd Bank Customers/ Merchants can avail PayUMoney - an innovative and a disruptive service, which has been launched by Pay U India to top into segments that have high potential but are constrained to go online due to various factors.

IndusInd Bank has been in Point-of-Sale Merchant Acquiring business since 2011 and with the launch of the Payment Gateway will now be catering to online merchants including government departments.

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APL Apollo Tubes grants stock options

Jul 29 2015 11:38AM

APL Apollo Tubes announced that the Nomination & Remuneration Committee of the Company, at its meeting held on 28 July 2015, has granted 7,24,000 Employee Stock Options under APL Apollo Employee Stock Option Scheme - 2015. Following are the terms of the Plan:-

1. Each option will entitle the holder to 1 Equity Share of the Company, i.e., 7,24,000 Equity Shares in aggregate.

2. These options will vest in the eligible employees over a period of 4 years, commencing after the completion of 12 months from the date of Grant;

3. Vesting is based on performance and employee's continuity in the Company;

4. The options shall be exercisable within 5 years from the date of grant.

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Shaily Engineering Plastics announces resignation of director

Jul 29 2015 11:38AM

Shaily Engineering Plastics announced that the Board of Directors vide Circular Resolution dated 22 July 2015, inter alia, has accepted the resignation of William Sean Sovak, Director, from the Board of the Company with immediate effect.

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Essar Oil allots equity shares

Jul 29 2015 11:37AM

Essar Oil announced that the Company has on 28 July 2015 allotted 6,07,498 equity shares of face value of Rs. 10/- each to the Essar Oil Employee Stock Option Trust pursuant to the Essar Oil Employees Stock Option Scheme - 2011 against an equal number of Options to enable eligible employees to exercise their Options that have vested at the end of 3rd year from the grant date.

In view of the above the paid-up capital of the Company has been increased to Rs. 14,50,12,43,980 divided into 145,01,24,398 equity shares of Rs. 10/- each.

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Outcome of board meeting of Amtek Auto

Jul 29 2015 11:36AM

Amtek Auto announced that the Board of Directors of the Company at its meeting held on 28 July 2015, has approved the followings:

1. Raising of funds through various means i.e. issue of equity and convertible/non convertible securities or other equity linked securities;

2. Issuance of Equity shares to Promoters of the Company upon conversion of their unsecured loan by way of Preferential Issue.

The decisions of the board at serial nos. 1 and 2 above, inter alia, are subject to the approval of shareholders of the Company and the Company will, in this regard, call an extraordinary general meeting of its shareholders.

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New Close Ended Scheme launched by SBI Mutual Fund

Jul 30 2015 4:28PM

 SBI Mutual Fund has launched a new close ended hybrid scheme “SBI DUAL ADVANTAGE FUND - SERIES X” with maturity period of 1111 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 on July 29 and will close on August 12. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be also not 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 option. The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Rajeev Radhakrishnan and Dharmendra Grover will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in a portfolio of fixed income securities and equity and equity related instruments maturing on or before the maturity of the scheme. Hence, the scheme will allocate 55 to 95 per cent of asset in Debt Instruments, 0 to 10 per cent of asset in Money Market Instruments and 5 to 35 per cent of asset in Equity and Equity related instruments

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Tata Mutual Fund declares 0.01% Dividend

Jul 30 2015 4:28PM

Tata Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Regular Plan” on the face value of Rs 1000 per unit. The record date for the dividend was July 26. The latest NAV of the scheme is Rs 1001.52. The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

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Birla Sun Life Enhanced Arbitrage Fund Announces Change In Exit Load Structure

Jul 30 2015 1:02PM

Birla Sun Life Mutual Fund has announced change in the exit load structure under Birla Sun Life Enhanced Arbitrage Fund, with effect from 03 August 2015.

Accordingly, the revised exit load will be:

For redemptions / switch out of units within 30 days from the date of allotment: 0.50% of applicable NAV.

For redemptions / switch out of units after 30 days from the date of allotment: Nil.

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Reliance Dual Advantage Fixed Tenure Fund II-Plan D Announces Dividend

Jul 30 2015 1:01PM

Reliance Mutual Fund has announced 04 August 2015 as the record date for declaration of dividend on the face value of Rs 10 per unit under Dividend Payout Option of Reliance Dual Advantage Fixed Tenure Fund II-Plan D. The amount of dividend will be Rs 0.10 per unit as on the record date.

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Religare Invesco Fixed Maturity Plan – Series 26 – Plan D Extends NFO Period

Jul 29 2015 11:41AM

Religare Invesco Mutual Fund has announced the closing date of the New Fund Offer (NFO) of Religare Invesco Fixed Maturity Plan – Series 26 – Plan D, a close ended debt scheme has been extended from 29 July 2015 to 11 August 2015.

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Tata MF Announces Merger of Two Schemes

Jul 29 2015 11:40AM

Tata Mutual Fund has approved the merger of Tata MIP Plus Fund with Tata Retirement Savings Fund – Conservative Plan, with effect from 28 August 2015. Consequently, from the record date, Tata MIP Plus Fund will cease to exist.

The period of this exit offer is from 29 July 2015 to 27 August 2015.

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HDFC Quarterly Interval Fund – Plan C Announces Dividend

Jul 29 2015 11:39AM

HDFC Mutual Fund has announced 03 August 2015 as the record date for declaration of dividend under the retail plan-dividend option (payout & reinvestment) and retail Plan-direct plan-dividend option (payout & reinvestment) of HDFC Quarterly Interval Fund – Plan C.

The amount of dividend (Rs per unit) will be distributable surplus, as reduced by applicable statutory levy on the face value of Rs 10 per unit under each option/plan of the scheme.

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0.02% Div announced by Birla Sun Life Mutual Fund

Jul 28 2015 10:38AM

   Birla Sun Life Mutual Fund has announced 0.02 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Plus - Retail Plan” on the face value of Rs 100 per unit.

The record date for the dividend was July 22. The latest NAV of the scheme is Rs 163.69.

The investment objective of the open ended liquid fund scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

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Stronger dollar; Fed tightening fears grip Silver

Jul 30 2015 4:26PM

 Against the backdrop of a stronger dollar, which cut the demand for the precious metal as an alternative asset coupled with fears over policy tightening by the US Federal Reserve in the coming months, Silver futures were trading in the red during noon trade in the domestic market, on Thursday.

Stronger greenback makes Silver more expensive for those holding other currencies, thus dimming demand.

While the US Federal Reserve stuck to record low interest rates, it offered an upbeat view of the world’s biggest economy, thus remaining on course for rate tightening later this year, dimming the appeal of the bullion as a store of value.

Further, data today may show that the US economy regained bite in Q2 after a mild contraction in Q1, prompting calls for a Fed rate hike.

At the MCX, Silver futures for September 2015 contract is trading at Rs 33,777 per 1 kg, down by 0.58 per cent after opening at Rs 33,982, against the previous closing price of Rs 33,975. It touched the intra-day low of Rs 33,750.

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Gloomy China outlook weighs on Lead

Jul 30 2015 4:25PM

  Lead futures were trading on a soft note in the domestic market on Thursday as investors and speculators cut risky bets in the industrial metal amid weak physical demand for Lead in the domestic spot market.

Further, the IMF’s warning that global economic recovery remained fragile and that downside risks to growth were present weighed on the demand outlook for Lead. Meanwhile, the IMF said that economic growth in China, the world’s biggest metals consumer, is set to fall to the lowest level since the 1990s at 6.8 per cent this year. China’s stock market sell-off resumed on Thursday as the country’s benchmark index fell 2.2 per cent, marring sentiment.

At the MCX, Lead futures for July 2015 contract is trading at Rs 108.85 per 1 kg, down by 0.23 per cent after opening at Rs 109.40, against the previous closing price of Rs 109.10. It touched the intra-day low of Rs 108.50.

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Zinc in reverse gear on global uncertainty

Jul 30 2015 12:46PM

Soft physical demand from the domestic spot market pushed Zinc futures in the reverse gear in noon trade as investors and speculators cut risky bets in the industrial metal.

Uncertainty surrounding the world economy also cast a shadow over the demand prospects of the base metal as the International Monetary Fund (IMF) warned that even as the world economy is recovering, it remains fragile with some downside risks present.

Meanwhile, economic growth in China, the world’s biggest metals consumer, is set to plunge to the lowest level since the 1990s at 6.8 per cent this year, cutting demand for industrial metals such as Zinc.

At the MCX, Zinc futures for July 2015 contract is trading at Rs 125.05 per 1 kg, down by 0.48 per cent after opening at Rs 126, against the previous closing price of Rs 125.65. It touched the intra-day low of Rs 124.80.

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Castorseed gains on surge in demand

Jul 30 2015 12:43PM

 Castorseed prices rose by 0.28 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for August 2015 contract were trading at Rs. 3,940 per quintal tonnes, up by 0.28 per cent, after opening at Rs. 3,954 against the previous closing price of Rs. 3,929. It touched the intra-day high of Rs. 3,960 till the trading. (At 12.15 PM today).

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

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Bears grip Nickel amid caution ahead of US GDP data

Jul 30 2015 12:43PM

  Nickel futures were trading lower during noon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weakness in physical demand for Nickel in the domestic spot market and amidst caution ahead of the Q2 US GDP numbers due later in the session which will offer cues over the health of the world’s biggest economy, shaping the near-term demand outlook for Nickel.

Data by the Commerce Department may show that the American economy expanded at an annualized rate of 2.5 per cent following a 0.2 per cent contraction in the March quarter. Meanwhile, the Fed offered an upbeat view of the US economy, thus remaining on course for rate tightening later this year.

At the MCX, Nickel futures for July 2015 contract is trading at Rs 712.20 per 1 kg, down by 0.50 per cent after opening at Rs 717.20, against the previous closing price of Rs 715.80. It touched the intra-day low of Rs 711.10

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Supply fears fuel Copper rally

Jul 29 2015 11:42AM

 Against the backdrop of concerns over supply reductions, copper prices rallied during late morning trade in the domestic market on Wednesday but a fourth straight drop in shares in China loomed large on the industrial metal’s demand prospects from the world’s biggest metals consumer, trimming gains in Copper.

The world’s biggest publicly traded copper mining firm, Freeport-McMoRan Inc indicated that it will review plans to trim production in response to a price slump while TD Securities Inc. warned that power shortages in Zambia may prompt output cuts in the second half of the year.

Meanwhile, China’s benchmark index, the Shanghai Composite which suffered the biggest single day drop in eight years on Monday and fell a further 1.7 per cent on Tuesday, was down over 1 per cent on Wednesday, a sign that government share purchases to stem the rot in equities have failed to boost sentiment.

At the MCX, Copper futures for August 2015 contract is trading at Rs 342.20 per 1 kg, up by 0.23 per cent after opening at Rs 342.30, against the previous closing price of Rs 341.40. It touched the intra-day high of Rs 343.90

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Zinc extends Bullish ride

Jul 29 2015 11:42AM

 Extending Tuesday’s stellar rally, Zinc was trading higher during late morning trade on Wednesday as upbeat physical demand for the industrial metal in the domestic spot market bolstered sentiment.

Further, a strengthening American economic recovery also bolstered the demand outlook for Zinc, outweighing worries that a China stock market rout may crimp demand for the base metal from the world’s second biggest economy.

US private sector growth accelerated in July, home prices continued to rise in May, albeit at a slightly slower pace, and a regional manufacturing gauge picked up steam, signaling strong progress in the world’s biggest economy, auguring well for Zinc’s demand prospects.

At the MCX, Zinc futures for July 2015 contract is trading at Rs 127 per 1 kg, up by 0.20 per cent after opening at Rs 126.85, against the previous closing price of Rs 126.75. It touched the intra-day high of Rs 127.60

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Maize closes lower on increased selling

Jul 28 2015 10:40AM

 Maize prices ended lower by 0.08 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At the NCDEX, maize futures for August 2015 contract closed at Rs. 1,268 per quintal, down by 0.08 per cent, after opening at Rs. 1,265 against the previous closing price of Rs. 1,269. It touched the intra-day low of Rs. 1,256.

Sentiment weakened further as a result of a decline in the demand for the commodity from bio-fuel making industries tracking the weak global markets.

USA, China and Brazil are the top three maize producing countries in the world while the prominent exporters of maize are USA, Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan, Indonesia etc.

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Post Session: Market ends higher on F&O expiry, firm global cues

Jul 30 2015 4:24PM

The Indian equities extended rally for second day on Thursday as investors opted to cover their short positions in view of the monthly expiry in the derivatives segment amid positive global cues. The investor’s sentiment also got a lift after the Union Cabinet gave a nod to amendments to the GST Constitutional Amendment Bill, approved passage of a new consumer protection and establishment of a National Investment and Infrastructure Fund worth Rs 20,000 crore.

The BSE SENSEX closed at 27705.35, up by 141.92 points or by 0.51 per cent, and the NSE Nifty ended 46.75 points higher at 8421.8.

The optimism in the market was partially injected by US Fed comment, largely in line with expectations, leaving the door open for a possible interest rate hike in September.

In the bull-run trade, the BSE Sensex touched intraday high of 27854.46 and intraday low of 27649.97, while the NSE Nifty touched intraday high and intraday low of 8458.9 and 8408.3, respectively.

In line with the benchmark indices, the broader market also ended higher, with the BSE MIDCAP settling 86.98 points or 0.79 per cent higher at 11158.4, while the BSE SMLCAP closed at 11723.88, up by 104.86 points or by 0.9 per cent.

Leading the rally on BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 3907.55,+5.23%), Cipla Ltd. (Rs. 710.10,+4.79%), ITC Ltd. (Rs. 315.80,+3.90%), Hindustan Unilever Ltd. (Rs. 920.45,+2.32%), Housing Development Finance Corporation Ltd. (Rs. 1337.40,+1.96%).

Meanwhile, Sun Pharmaceutical Industries Ltd. (Rs. 814.30,-1.89%), Hindalco Industries Ltd. (Rs. 104.70,-1.60%), Infosys Ltd. (Rs. 1069.10,-1.48%), Tata Consultancy Services Ltd. (Rs. 2480.95,-1.08%), Tata Steel Ltd. (Rs. 248.35,-0.92%), were among notable losers on BSE.

On the sectoral front, realty and FMCG indices emerged as top gainers, adding 3.48 and 2.74 per cent, respectively, on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2872, shares advanced were 1698 while 1074 shares declined and 100 were unchanged.

On the global front, the Asian equities ended mixed on Thursday with shares in mainland China slipped in red, paring its early gains, despite optimist comment from IMF that the Chinese economy is resilient to withstand the recent stock sell-off that has forced the country’s officials to intervene to stem the rot. Hang Seng was also settling in red, while a weaker yen and better than estimated corporate earnings pushed Japanese stocks over 1 per cent.

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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]