ISO 9001:2008 Certified Equity and Commodity Advisory Company in Hyderabad, India.
  Blog facebook facebook Pinterest Twitter youtube
Mobile Call Us: +91 9618 918 918

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.

Testimonials

  • I seen first time with best reasonable subscription prices & best accuracy rate. It is a value for our money and best advisory site for all low capital investment traders. I will pledge for that ~ Bala Subramanyam, Retd. Professor , Chennaii

  • I am an intraday trader in Stock Futures. Earlier I was seen profitkrishna about stock tips service. I just visited website and filled out stock tips free trial form for intraday trading tips. And what I got was highest returns ever  ~ Badrinath, Gowhati

  • Thanks for giving such fantabulous Commodity Tips and hope you will give such good tips in future also. Along with Commodity, I've also started taking your F&O service, achieving good proceeds ~ Prateek Shah, Kerela

  • Fantastic Recommendations your Stock & Option Tips of PURE TECHNICAL ANALYSIS. From the Free Trial itself I realized that PROFITKRISHNA is the Best Share Genuine tips provider. Heart full wishes to your team ~ Basheer, Surat

  • Madam, Your Follow Up and Profit Booking in calls and revising stop losses in time are good service. I am earning good profits with your calls. Keep it up god gives strength to You & your team ~ Raju, Adoni

  • All Stock Future Recommendations have done extremely well, with a high percentage of Success ~ Suresh Govindarajan, Bangalore

  • Dear Madam, Thanks for Good Option Service as per your promise shown 400% return on Feb Month ~ Kubeer, Chennai

  • I am Follower of your Weekly News Letter, Best review on weekly Market scenario. I got clear Idea on Market through your news letter only, Thanks a Lot ~ Padmaja, Hyderabad

  • Your F&O calls BGR ENERGY really rocks I, made good Profits in a single call, Good follow up in time to time, You are really tremendous ~ Chirag, Ahmedabad

  • Your Commodity calls are amazing success rate. I have been tracking & gaining since last 2 months ~ Antony, Kolkata

* 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.
Profit Krishna
Investment Ideas

We Provide 3-5 best Investment Calls Every Month with a holding period of Short to Medium to Long Term Horizon {Min. 2 Months to Max. 10 Months} Calls are making the majority PROFITS with Small Investments and giving Maximum Return on Investments.

Profit Krishna
Free Trial










Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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).

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

Supreme Infrastructure India declines after poor Q3 outcome

Feb 18 2015 1:28PM

The stock hit a high of Rs 265.10 and a low of Rs 257.20 so far during the day. The stock had hit a record high of Rs 438.75 on 20 June 2014. The stock had hit a 52-week low of Rs 191 on 16 December 2014.

The stock had underperformed the market over the past one month till 16 February 2015, declining 1.07% compared with Sensex's 3.61% rise. The scrip had also underperformed the market in past one quarter, sliding 10.98% as against Sensex's 3.88% rise.

The small-cap company has equity capital of Rs 25.70 crore. Face value per share is Rs 10.

Supreme Infrastructure India undertakes engineering works of unrestricted value with most of the Government departments, public & private sector organisations.

Close
Profit Krishna

HCL Infosystems surges on signing contract with Nokia India

Feb 18 2015 1:20PM

The stock hit a high of Rs 55.30 and a low of Rs 52.75 so far during the day. The stock hit a 52-week high of Rs 94.50 on 22 September 2014. The stock hit a 52-week low of Rs 22.90 on 18 February 2014.

The small-cap company has an equity capital of Rs 44.58 crore. Face value per share is Rs 2.

HCL Infosystems and Nokia India Sales Private (NISPL), a subsidiary of Microsoft Mobile OY, yesterday, 17 February 2015 signed a contract that will enhance the footprint of Microsoft Mobile devices across the Organized Trade and General Trade channels and rural India.

This engagement strengthens the company's partnership with NISPL for distribution of mobile devices and is geared to trigger significant business growth and synergy for both companies, HCL Infosystems said. The partnership also enables both companies to explore new channels to enhance their last-mile connect, the company added.

HCL Infosystems is one of the largest distribution organizations in India in terms of revenue with a network of over 1 lakh retail outlets, 800 direct distributors and 12,400 channel partners across 15,000 towns and 664 districts.

On a consolidated basis, HCL Infosystems reported net loss of Rs 50.82 crore in Q2 December 2014, higher than net loss of Rs 44.15 crore in Q2 December 2013. Total income fell 25% to Rs 1468.81 crore in Q2 December 2014 over Q2 December 2013.

HCL Infosystems is India's premier distribution and IT services and solutions company.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

Linde India announced that the Board of Directors

Feb 18 2015 1:37PM

Linde India announced that the Board of Directors of the Company at its meeting held on 17 February 2015, has approved the following changes in the Board of the Company:

1. Binod Patwari Non Executive Director of the Company resigned as a Director of the Company w.e.f. the conclusion of the Board Meeting held on 17 February 2015.

2. The Board of Directors of the Company has appointed Desiree Co Bacher, Head of Finance & Control - RSE of The Linde Group as an Additional Director (Non Executive) of the Company representing The Linde Group w.e.f. 17 February 2015.

Close
Profit Krishna

Ladderup Finance announced that the Board of Directors

Feb 18 2015 1:35PM

Ladderup Finance announced that the Board of Directors of the Company at its meeting held on 13 February 2015, has made following appointments;

1. Appointed Bhama Krishnamurthy as Woman/Independent Director of the Company subject to the approval of the shareholders at the General Meeting under Section 149 of the Companies Act, 2013.

2. Appointed Sanket Limbachiya as Company Secretary and Compliance Officer of the Company.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

ICICI Prudential Capital Protection Oriented Fund VII – 1284 Days Plan H Floats On

Feb 18 2015 1:49PM

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Capital Protection Oriented Fund VII – Plan H, a close ended capital protection oriented scheme. The tenure of the scheme is 1284 days. 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 will close on 04 March 2015.

The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the plan under the scheme.

The scheme offers regular plan – cumulative option, direct plan – dividend option, regular plan – cumulative option and regular plan – dividend option.

The scheme would allocate 70%-100% of assets in debt securities & money market instruments with low to medium risk profile and invest upto 30% of assets in equity and equity related securities with medium to 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.

The scheme is proposed to be listed on NSE.

Entry and exit load charge will be not applicable.

Benchmark Index for the scheme is CRISIL MIP Blended Index.

The fund managers of the scheme are Vinay Sharma (equity portion), Chandni Gupta & Rahul Goswami (debt portion) and Shalya Shah (For investments in ADR / GDR and other foreign securities).

Close
Profit Krishna

Religare Invesco Annual Interval Fund – Series 1 – Plan A Floats On

Feb 18 2015 1:43PM

Religare Invesco Mutual Fund has launched a new fund named as Religare Invesco Annual Interval Fund – Series 1 – Plan A, an interval income fund. The tenure of the scheme is 368 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 18 February January to 24 February 2015.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the opening of the immediately following specified transaction period.

The scheme offers growth & dividend payout option under both regular and direct plan.

The scheme would allocate upto 100% of assets in debt instruments including money market instruments with low risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

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

Entry load: Nil

Exit load: Not applicable.

Benchmark Index for the scheme will be CRISIL Short Term Bond Fund Index.

Nitish Sikand will be the Fund Manager for the scheme.

Close
Profit Krishna

Canara Robeco Capital Protection Oriented Fund – Series 4 Floats On

Feb 12 2015 5:00PM

Canara Robeco Mutual Fund has launched a new fund named as Canara Robeco Capital Protection Oriented Fund – Series 4, a close ended capital protection oriented scheme. The tenure of the scheme is 37 months 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 12 February and close on 24 February 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 payout option.

The scheme would allocate 70% to 100% of assets in Indian debt instruments & money market instruments with low to medium risk profile and upto 30%of assets in equity and equity related instruments with medium to 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 Index.

The fund managers of the scheme will be Krishna Sanghavi and Suman Prasad.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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.

Close
Profit Krishna

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

Close
Profit Krishna

Limited supplies lift Mentha oil futures

Jan 20 2015 5:07PM

Mentha oil prices rose by 0.33 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for January 2015 contract, at MCX, were trading at Rs. 727.30 per kg, up by 0.33 per cent after opening at Rs. 724 against the previous closing price of Rs. 724.90. It touched the intra-day high of Rs. 728.90 till the trading. (At 2.45 PM today).

Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.

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.

Close
Profit Krishna

Chana dips on waning demand

Jan 13 2015 5:14PM

Chana prices closed lower by 0.88 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for June 2014 contract were trading at Rs. 3,507 per quintal, down by 0.88 per cent, after opening at Rs. 3,521 against the previous closing price of Rs. 3,538. It touched the intra-day low of Rs. 3,470 till the trading. (at 4.00 PM today).

India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production

Close
Profit Krishna

Pre-market: Markets to open flat; Rail Budget eyed

Feb 26 2015 8:54AM

The key benchmark indices are likely to open on a flat note ahead of F&O expiry and Railway Budget presentation later today. The Union Minister Suresh Prabhu is set to present the Railway Budget, which will indicate whether the government has adopted ideas on how the railways can raise much needed funds.

On the global front, the US market ended in red, following which most of the Asian markets opened on a lower note this morning. China’s Shanghai Composite was down by nearly 12 points at 3,217; Taiwan Index at 9,619, down by 79 points; and Singapore’s Straits Times was trading at 3,429, down by 11 points. Nevertheless, Japan’s Nikkei 225 rose to a new high at 18,688, up by over 100 points after the Dollar-Yen moved back towards 119 mark.

In the previous trading session, the BSE’s SENSEX closed flat at 29007.99, up by 3.33 points or by 0.01 per cent and the NSE’s wide-based Nifty ended at 8767.25, up by 5.15 points or by 0.06 per cent. The BSE Sensex touched an intraday high of 29269.83 and intraday low of 28967.61, while the NSE Nifty touched intraday high of 8840.65 and intraday low of 8751.4.

Meanwhile, BSE MIDCAP closed lower at 10701.11 down by 23.59 points or by 0.22 per cent while the BSE SMLCAP settled at 11254.82 down by 45.29 points or by 0.4 per cent below the base line.

The Market breadth, indicating the overall health of the market, was weak. On BSE, out of total shares traded 3147, shares advanced were 1284 while 1731 shares declined and 132 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]