Close Ticker
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
+91 9063 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

Adani Power slips as net loss widens

Jan 17 2018 7:32PM

On a consolidated basis, Adani Power reported net loss of Rs 1290.74 crore in Q3 December 2017 compared with net loss of Rs 667.89 crore in Q3 December 2016. Total income fell 10.46% to Rs 4916.34 crore in Q3 December 2017 over Q3 December 2016.
Units sold during Q3 December 2017 were 12633 million units (MUs) as compared to 14897 MUs during Q3 December 2016. Average Plant Load Factor (PLF) achieved during Q3 December 2017 was 58%, lower as compared to 69% achieved in Q3 December 2016. Lower PLF during Q3 December 2017 was as a result of lower domestic coal availability at Tiroda and Kawai and forced outage at Udupi, as well as scheduled maintenance.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 41.35% to Rs 800 crore Q3 December 2017 compared with Rs 1364 crore in Q3 December 2016. EBITDA during the quarter was lower due to arrears of transmission charges of Rs 287 crore not pertaining to the quarter, and lower fixed capacity charge revenue due to lower billed availability.
Adani Power is the largest private thermal power producer in India with an installed capacity of 10.440 megawatts.

Close
Profit Krishna

Bharat Forge rises on setting up e-mobility R&D centre in UK

Jan 17 2018 2:03PM

On the BSE, 52,000 shares were traded in the counter so far, compared with average daily volumes of 2.01 lakh shares in the past two weeks. The stock had hit a high of Rs 729.45 and a low of Rs 701.70 so far during the day. The stock hit a record high of Rs 750 on 5 January 2018. The stock hit a 52-week low of Rs 459.28 on 20 January 2017.
MIRA Technology Park is a leading automotive technology park and enterprise zone in UK. Bharat Forge said it will be developing components and sub-systems focused on electric vehicles.
This facility will complement the capabilities and knowledge established over the past 2 years in Kalyani Centre for Technology & Innovation (KCTI) and Kalyani Centre for Manufacturing Innovation (KCMI) in Pune focused on delivering solutions for electric vehicles.
The Electric Mobility Research and Development Centre will be able to tap into the extensive testing facilities at MIRA Technology Park as well as the pool of engineering talents in the Midlands, the company said in a statement.
Net profit of Bharat Forge rose 60.55% to Rs 203.72 crore on 41.21% rise in net sales to Rs 1258.02 crore in Q2 September 2017 over Q2 September 2016.
Bharat Forge is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including automotive, railways, power, defence, construction & mining, aerospace, marine and oil & gas.

Close
Profit Krishna

Radico Khaitan leads gainers on BSE's 'A' group

Jan 17 2018 2:02PM

Radico Khaitan surged 7.94% at Rs 340.70. The stock topped the gainers in 'A' group. On the BSE, 5.71 lakh shares were traded on the counter so far as against the average daily volumes of 2.89 lakh shares in the past two weeks.
GMR Infrastructure spurted 7.56% at Rs 24.20. The stock was the second biggest gainer in 'A' group. On the BSE, 1.14 crore shares were traded on the counter so far as against the average daily volumes of 56.70 lakh shares in the past two weeks.
MphasiS jumped 4.68% at Rs 769.20. The stock was the third biggest gainer in 'A' group. On the BSE, 14,000 shares were traded on the counter so far as against the average daily volumes of 17,000 shares in the past two weeks.
Jaiprakash Associates climbed 4.20% at Rs 22.35. The stock was the fourth biggest gainer in 'A' group. On the BSE, 52.83 lakh shares were traded on the counter so far as against the average daily volumes of 78.37 lakh shares in the past two weeks.
Den Networks rose 4.01% at Rs 135. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.63 lakh shares were traded on the counter so far as against the average daily volumes of 3.33 lakh shares in the past two weeks.

Close
Profit Krishna

Hindustan Motors corrects on profit booking

Jan 15 2018 4:57PM

On the BSE, 13.63 lakh shares were traded in the counter so far, compared with average daily volumes of 14.08 lakh shares in the past two weeks. The stock had hit a high of Rs 14.50 and a low of Rs 12.70 so far during the day. The stock hit a 52-week high of Rs 14.85 on 12 January 2018. The stock hit a 52-week low of Rs 6.97 on 11 August 2017.
Shares of Hindustan Motors surged 51.29% in five trading sessions to settle at Rs 14.07 on Friday, 12 January 2018, from its close of Rs 9.30 on 5 January 2018.
Hindustan Motors reported net loss of Rs 4.59 crore in Q2 September 2017 as against net loss of Rs 5.02 crore in Q2 September 2016. No sales were reported in Q2 September 2017 as against net sales of Rs 0.01 crore in Q2 September 2016.
Hindustan Motors is an automobile manufacturer.

Close
Profit Krishna

Capital First trims intraday gains

Jan 15 2018 4:56PM


On the BSE, 8.30 lakh shares of Capital First were traded on the counter as against the average daily volume of 1.15 lakh shares in the past two weeks. The stock had hit a high of Rs 902 so far during the day, which is a 52-week high. The stock hit a low of Rs 845.50 so far during the day. The stock had hit a 52-week low of Rs 584 on 23 January 2017.
The boards of Capital First and IDFC Bank at their respective board meetings held on Saturday, 13 January 2018, approved a merger of the former with the latter. Pursuant to the merger which is subject to regulatory and shareholder approvals, IDFC Bank will issue 139 shares for every 10 shares of Capital First.
Post merger, the combined entity of IDFC Bank and Capital First will have an assets under management (AUM) of Rs 88000 crore; PAT of Rs 1268 crores (FY 17); and a distribution network comprising 194 branches (as per branch count of December 2017 of both entities), 353 dedicated BC outlets and over 9,100 micro ATM points, serving more than five million customers across the country.
Vaidyanathan, currently Chairman and MD of Capital First, will succeed Dr. Rajiv Lall as MD and CEO of the combined entity upon completion of the merger and necessary regulatory approvals.
Shares of Capital First had witnessed a sharp rally ahead of the official merger announcement. The stock had rallied 15.24% in the prior five trading sessions to settle at Rs 835.90 on Friday, 12 January 2018, from its closing of Rs 725.30 on 5 January 2018.
Shares of IDFC Bank had rallied a whopping 25.27% to settle at Rs 67.65 on Friday, 12 January 2018, from its closing of Rs 54 on 2 January 2018.
The merger talks of Capital First and IDFC Bank were widely reported in the media circles as early as 9th January and 10th January 2018. Subsequently, in response to the clarification sought by the exchanges with regard to aforesaid news, Capital First in its clarification dated 11 January 2018, stated that it evaluates various opportunities on a continuous basis and the company, as the matter of policy, does not comment on market speculation. Capital First further stated that as on 11 January 2018, there was nothing which requires disclosure under the Securities and Exchange Board of India (Sebi) disclosure norms.
Capital First is a financial institution focused on providing debt financing to micro small and medium enterprises (MSME) and Indian consumers. On a consolidated basis, the company's net profit rose 36% to Rs 78.27 crore on 29.1% growth in total income to Rs 891.11 crore in Q2 September 2017 over Q2 September 2016.
IDFC Bank offers personal, business, wholesale banking solutions and wealth management services. The bank's net profit fell 39.7% to Rs 233.66 crore on 5.1% decline in total income to Rs 2365.06 crore in Q2 September 2017 over Q2 September 2016.

Close
Profit Krishna

IndusInd Bank slips in volatile trade

Jan 11 2018 6:07PM

On the BSE, 1.02 lakh shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past two weeks. The stock was volatile. The stock had hit a high of Rs 1,750 and a low of Rs 1,705.65 so far during the day. The stock had hit a record high of Rs 1,818 on 12 September 2017. The stock had hit a 52-week low of Rs 1,143.55 on 10 January 2017.
The large-cap bank has equity capital of Rs 599.75 crore. Face value per share is Rs 10.
The bank's net profit rose 24.73% to Rs 936.25 crore on 16.06% increase in total income to Rs 5473.54 crore in Q3 December 2017 over Q3 December 2016.
IndusInd Bank is one of the leading private sector banks in India.

Close
Profit Krishna

Fortis Healthcare leads losers in BSE's 'A' group

Jan 11 2018 6:06PM

Fortis Healthcare dropped 8.72% at Rs 148.20 at 14:42 IST. The stock topped the losers in 'A' group. On the BSE, 19.79 lakh shares were traded on the counter so far as against the average daily volumes of 9.89 lakh shares in the past two weeks.
Videocon Industries lost 4.95% at Rs 24. The stock was the second biggest loser in 'A' group. On the BSE, 6.27 lakh shares were traded on the counter so far as against the average daily volumes of 12.92 lakh shares in the past two weeks.
Tata Sponge Iron slipped 3.71% at Rs 1,153.80. The stock was the third biggest loser in 'A' group. On the BSE, 84,000 shares were traded on the counter so far as against the average daily volumes of 90,000 shares in the past two weeks.
Container Corporation of India fell 2.9% at Rs 1,427.25. The stock was the fourth biggest loser in 'A' group. On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 21,000 shares in the past two weeks.
Sadbhav Engineering declined 2.37% at Rs 417.75. The stock was the fifth biggest loser in 'A' group. On the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 25,000 shares in the past two weeks.

Close
Profit Krishna

Tata Sponge Iron melts on profit booking

Jan 11 2018 6:05PM

On the BSE, 95,000 shares were traded on the counter so far as against the average daily volumes of 90,000 shares in the past one quarter. The stock hit a high of Rs 1,203 and a low of Rs 1,148.85 so far during the day. The stock had hit a record high of Rs 1,230 on 10 January 2018 and a 52-week low of Rs 591.55 on 1 February 2017.
The small-cap company has equity capital of Rs 15.40 crore. Face value per share is Rs 10.
Shares of Tata Sponge Iron had gained 20.8% in five trading sessions to settle at Rs 1,198.30 yesterday, 10 January 2018, from its close of Rs 992 on 3 January 2018.
Tata Sponge Iron's consolidated net profit surged 72% to Rs 27.62 crore on 19.4% rise in total income to Rs 176.66 crore in Q2 September 2017 over Q2 September 2016.
Tata Sponge Iron is a sponge iron manufacturer. Tata Steel is the promoter of Tata Sponge Iron. Tata Steel owned 54.5% stake in the company as on 30 September 2017.


Close
Profit Krishna

BOI AXA Midcap Tax Fund – Series 1 Announces Dividend

Dec 4 2017 6:11PM

BOI AXA Mutual Fund has launched a new fund named as BOI AXA Midcap Tax Fund – Series 1, a 10 year closed-ended equity linked savings scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 10 November 2017 to 09 February 2018.The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related securities of midcap companies along with income tax benefit.The scheme offers growth and dividend options under both regular plan and direct plan. Dividend option has dividend payout facility.The scheme shall invest 65%-100% of assets in madcap equity & equity related securities such as cumulative convertible preference shares and fully convertible debentures and bonds of companies etc. and invest upto 35% of assets in other equity & equity related securities such as cumulative convertible preference shares and fully convertible debentures and bonds of companies etc. with high risk profile and invest upto 35% of assets in debt & money market instruments with low to medium risk profile.Minimum application amount is Rs 500 and in multiples of Rs 500 thereafter.Entry load & entry load: NilBenchmark Index for the scheme is Nifty Midcap 100 Index.The fund manager of the scheme is Alok Singh


Close
Profit Krishna

Zuari Agro Chemicals gets NCLT approval for scheme of amalgamation

Nov 17 2017 5:01PM

Zuari Agro Chemicals announced that Hon'ble National Company Law Tribunal bench at Mumbai, has vide its order dated 14 September, 2017 sanctioned the scheme of amalgamation of Zuari Fertilisers and Chemicals (ZFCL), Zuari Agri Sciences (ZASL) and Zuari Speciality Fertilisers (ZSFL) with the Company (Scheme), and the Scheme has become effective on 13 November 2017. In terms of the Scheme, Adventz Trading DMCC which was Wholly Owned Subsidiary of ZSFL has become wholly owned subsidiary of Zuari Agro Chemicals.




Close
Profit Krishna

Womens Next Loungeries allots 3.45 lakh equity shares

Nov 17 2017 5:00PM

Womens Next Loungeries has allotted 3.45 lakh equity shares at a price of Rs 60 per share (including premium of Rs 50 per share) on preferential basis to Non Promoters on 17 November 2017. Post the allotment, the paid up equity share capital of the Company stands increased to Rs 2.84 crore.




Close
Profit Krishna

NSE Futures Extend Break Under 65 Levels

Oct 16 2017 1:09PM

Indian Rupee gained today following a continued recovery in the local equities. After trimming intraday gains in mid-morning trade, key benchmark indices traded with modest gains in early afternoon trade. At 12:18 IST, the barometer index, the S&P BSE Sensex rose 128.09 points or 0.39% at 32,560.78. The Nifty 50 index advanced 44.65 points or 0.44% at 10,212.10. On the NSE, the benchmark USD/INR futures are trading down 0.28% at 64.84. This means that the INR has extended its last week’s break under 65 per US dollar levels.Earlier, both the Sensex and the Nifty had hit record high as positive trade data and encouraging comments from the IMF chief on the outlook for Indian economy cheered investors. Also, market sentiment was buoyant in a truncated trading week ahead of Diwali.Among secondary indices, the S&P BSE Mid-Cap index rose 0.14%. The S&P BSE Small-Cap index advanced 0.23%. Both the indices underperformed the Sensex. The breadth, indicating the overall health of the market, was positive. On the BSE, 1,278 shares rose and 992 shares declined. A total of 101 shares were unchanged.

Close
Profit Krishna

Sreeleathers jumps on buyback proposal

Oct 11 2017 12:54PM

On the BSE, 9,699 shares were traded on the counter so far as against the average daily volumes of 1,795 shares in the past one quarter. The stock had hit a high of Rs 207 and a low of Rs 193.05 so far during the day. The stock had hit a 52-week high of Rs 220 yesterday, 10 October 2017 and a record low of Rs 104 on 18 November 2016.The stock had outperformed the market over the past one month till 10 October 2017, advancing 21.13% compared with the Sensex's 0.75% rise. The stock had also outperformed the market over the past one quarter, gaining 12.03% as against the Sensex's 0.66% rise.The small-cap company has equity capital of Rs 25.16 crore. Face value per share is Rs 10.Sreeleathers' net profit rose 73.8% to Rs 4.31 crore on 48.1% growth in net sales to Rs 31.63 crore in Q1 June 2017 over Q1 June 2016.Sreeleathers is engaged in the business of dealing in footwear and leather accessories. The company is also engaged as retailer and wholesaler of footwear and leather articl

Close
Profit Krishna

Adani Transmission leads gainers on BSE's 'A' group

Oct 10 2017 6:39PM

Adani Transmission was locked at 10% upper circuit at Rs 193.25 at 13:20 IST after the company said it has entered into a period of exclusivity with Reliance Infrastructure for acquiring the latter's Mumbai operations. The announcement was made during market hours today, 10 October 2017. The stock topped the gainers in 'A' group. On the BSE, 4.64 lakh shares were traded on the counter so far as against the average daily volumes of 2.02 lakh shares in the past two weeks.Religare Enterprises spurted 9.92% at Rs 54.85. The stock was the second biggest gainer in 'A' group. On the BSE, 9.2 lakh shares were traded on the counter so far as against the average daily volumes of 3.42 lakh shares in the past two weeks.GHCL jumped 8.01% at Rs 236.55. The stock was the third biggest gainer in 'A' group. On the BSE, 6.07 lakh shares were traded on the counter so far as against the average daily volumes of 82,000 shares in the past two weeks.JM Financial climbed 5.63% at Rs 163.20. The stock was the fourth biggest gainer in 'A' group. On the BSE, 4.44 lakh shares were traded on the counter so far as against the average daily volumes of 2.44 lakh shares in the past two weeks.Bombay Dyeing & Manufacturing Company rose 5% at Rs 236.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.39 lakh shares were traded on the counter so far as against the average daily volumes of 10.77 lakh shares in the past two weeks.

Close
Profit Krishna

Volumes jump at Brigade Enterprises counter

Oct 9 2017 6:05PM

Brigade Enterprises clocked volume of 3.15 lakh shares by 13:41 IST on BSE, a 123.45-times surge over two-week average daily volume of 3,000 shares. The stock surged 6.02% at Rs 259.SRF notched up volume of 62,000 shares, a 17.46-fold surge over two-week average daily volume of 4,000 shares. The stock jumped 9.86% at Rs 1,732.45.Zee Media Corporation saw volume of 21.34 lakh shares, a 12.46-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 4.1% at Rs 40.60.Sun Pharma Advanced Research Company (SPARC) clocked volume of 10.01 lakh shares, a 11.6-fold surge over two-week average daily volume of 86,000 shares. The stock tumbled 7.09% at Rs 361.75 said that it did not meet the primary end points in the placebo controlled studies of Baclofen GRS in Phase III study. Baclofen GRS is a novel, once-a-day formulation developed by SPARC's proprietary Gastro-Retentive System (GRS) Technology. The GRS technology uses a combination of size expansion, adhesion and flotation techniques to permit once-a-day administration.Strides Shasun saw volume of 2.92 lakh shares, a 7.8-fold rise over two-week average daily volume of 37,000 shares. The stock rose 2.14% at Rs 856.

Close
Profit Krishna

Volumes jump at Brigade Enterprises counter

Oct 9 2017 6:05PM

Brigade Enterprises clocked volume of 3.15 lakh shares by 13:41 IST on BSE, a 123.45-times surge over two-week average daily volume of 3,000 shares. The stock surged 6.02% at Rs 259.SRF notched up volume of 62,000 shares, a 17.46-fold surge over two-week average daily volume of 4,000 shares. The stock jumped 9.86% at Rs 1,732.45.Zee Media Corporation saw volume of 21.34 lakh shares, a 12.46-fold surge over two-week average daily volume of 1.71 lakh shares. The stock rose 4.1% at Rs 40.60.Sun Pharma Advanced Research Company (SPARC) clocked volume of 10.01 lakh shares, a 11.6-fold surge over two-week average daily volume of 86,000 shares. The stock tumbled 7.09% at Rs 361.75 said that it did not meet the primary end points in the placebo controlled studies of Baclofen GRS in Phase III study. Baclofen GRS is a novel, once-a-day formulation developed by SPARC's proprietary Gastro-Retentive System (GRS) Technology. The GRS technology uses a combination of size expansion, adhesion and flotation techniques to permit once-a-day administration.Strides Shasun saw volume of 2.92 lakh shares, a 7.8-fold rise over two-week average daily volume of 37,000 shares. The stock rose 2.14% at Rs 856.

Close
Profit Krishna

UTI Fixed Term Income Fund – Series XXVIII – VI (1190 Days) Floats On

Jan 10 2018 6:16PM

UTI Mutual Fund has launched a new fund named as UTI Fixed Term Income Fund – Series XXVIII – VI (1190 Days), a close ended income scheme. The duration of the scheme is 1190 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 10 January to 11 January 2018.
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
The scheme offers growth option, quarterly dividend option with payout facility, flexi dividend option with payout facility, annual dividend option with payout facility and maturity dividend option with payout facility.
The scheme would allocate 80%-100% of assets in debt instruments with low to medium risk profile and invest up to 20% of assets would be allocated to money market instruments with low risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 under all the options.
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.
Sunil Patil is the fund manager for the scheme.

Close
Profit Krishna

Mutual funds continue buying

Jan 10 2018 6:16PM


Mutual funds have bought stocks worth a net Rs 532.96 crore on 5 January 2018, compared with net outflow of Rs 485.84 crore on 4 January 2018. The net inflow of Rs 532.96 crore on 5 January 2018 was a result of gross purchases of Rs 3107.63 crore and gross sales of Rs 2574.67 crore. On 5 January 2018, the Sensex rose 184.21 points or 0.54% to settle at 34,153.85, its record closing high.
Mutual funds have sold shares worth a net Rs 485.79 crore in January 2018. They had purchased shares worth a net Rs 8333.30 crore in December 2017.

Close
Profit Krishna

ICICI Prudential Fixed Maturity Plan – Series 82 – 1217 days Plan C Floats On

Jan 2 2018 5:54PM

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 82 – 1217 days Plan C, a close ended debt scheme. The tenure of the scheme is 1217 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 28 December 2017 to 03 January 2018
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 up to 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.
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.

Close
Profit Krishna

Reliance Fixed Horizon Fund – XXXV – Series 13 Floats On

Jan 2 2018 5:52PM

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXXV – Series 13, a close-ended income scheme with the duration of 1221 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 is open for subscription from 01 January and closes subscription on 03 January 2018.
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 payout option under both regular plan and direct plan.
The scheme will allocate up to 10% of its assets in money market instruments with low risk profile and invest 90%-100% of its assets in government securities / State Development Loans (SDLs) & 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.

Close
Profit Krishna

Mutual funds in selling mode

Dec 21 2017 7:00PM

Mutual funds have sold stocks worth a net Rs 884.79 crore on 19 December 2017, compared with net inflow of Rs 691.17 crore on 18 December 2017. The net outflow of Rs 884.79 crore on 19 December 2017 was a result of gross purchases of Rs 2961.58 crore and gross sales of Rs 3846.37 crore. On 19 December 2017, the Sensex had gained 235.06 points, or 0.7%, to settle at 33,836.74, a record high.
Mutual funds have bought shares worth a net Rs 4448.57 crore in December 2017 so far (till 19 December 2017). They had purchased shares worth a net Rs 12080.10 crore in November 2017.

Close
Profit Krishna

Mutual funds on buying spree

Dec 13 2017 5:35PM

Mutual funds have bought stocks worth a net Rs 864.38 crore on 8 December 2017, compared with net inflow of Rs 784.05 crore on 7 December 2017. The net inflow of Rs 864.38 crore on 8 December 2017 was a result of gross purchases of Rs 3119.42 crore and gross sales of Rs 2255.04 crore. On 8 December 2017, the Sensex rose 301.09 points or 0.91% to settle at 33,250.30.
Mutual funds have bought shares worth a net Rs 4436.27 crore in November 2017 so far (till 8 December 2017). They had purchased shares worth a net Rs 12080.10 crore in November 2017.

Close
Profit Krishna

Reliance Capital Builder Fund IV - Series C Floats On

Dec 4 2017 6:10PM

Reliance Mutual Fund has launched a new fund named as Reliance Capital Builder Fund IV - Series C, a close-ended equity oriented scheme with the duration of 1185 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 01 December to 15 December 2017.The investment objective of the scheme is to provide capital appreciation to the investors, which will be in line with their long term savings goal, by investing in a diversified portfolio of equity & equity related instruments with small exposure to fixed income securities. Although, the objective of the Fund is to generate optimal returns, the objective may or may not be achieved.The scheme offers two options viz. growth and dividend payout option under both regular and direct plan.The scheme will allocate 80%-100% of assets in diversified equity & equity related instruments with high risk profile and invest upto 20% of assets in debt and money market 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 10 crore under the scheme during the NFO period.Entry load: Nil.Exit load: Not applicable.Benchmark Index for the scheme is S&P BSE 200 Index.The fund managers of the scheme are Samir Rachh, Meenakshi Dawar and Jahnvee Shah (Fund manager-overseas investments).


Close
Profit Krishna

Mutual funds continue buying

Nov 29 2017 5:44PM

Mutual funds have bought stocks worth a net Rs 299.63 crore on 27 November 2017, compared with net inflow of Rs 796.79 crore on 24 November 2017. The net inflow of Rs 299.63 crore on 27 November 2017 was a result of gross purchases of Rs 1932.47 crore and gross sales of Rs 1632.84 crore. On 27 November 2017, the Sensex rose 45.20 points or 0.13% to settle at 33,724.44, its highest closing level since 6 November 2017.Mutual funds have bought shares worth a net Rs 10668.68 crore in November 2017 so far (till 27 November 2017). They had purchased shares worth a net Rs 9990.50 crore in October 2017.





Close
Profit Krishna

Jeera Traders Eye Increase In Arrivals In Coming Weeks

Jan 17 2018 7:33PM

A slide in futures weighed on the spot Jeera market today. The traders are eying the increase in arrivals in coming weeks. Jeera has slipped under the key Rs 21000 per quintal mark recently after massive upside move in last few days. Prices gained off late on sustained buying interest from local stockists amid ideas that export demand would increase in near term. An improvement in the Jeera acreage in Gujarat is likely to keep the prices under check in near term. The spot prices are currently trading at Rs 20700 per quintal, down marginally on the day. Jeera supplies in Unjha stood at 3000 bags today.

Close
Profit Krishna

Sugar Sees Bargain Buying After Testing Near Rs 3300 Levels

Jan 17 2018 7:33PM

Sugar gained after testing near one and a half year low in last session. Domestic Sugar prices tumbled heavily in December 2017, extending a weak patch that had accelerated in October-November 2017. The spot prices of medium grade Sugar in Muzzfarnagar dropped near Rs 3300 per quintal end December 2017 – recording its lowest mark in nearly one and half years. Prices revisited the same mark yesterday. The local Sugar markets did not stabilize after the government’s decision to withdraw stock limits for sugar as the limits were anyway due to end on 31 December. Hefty local output and weak global Sugar prices ensured that the commodity remains locked in a downward trajectory. Sugar mills produced 10.33 million tonnes (mt) till December 31, which is 26% higher than the 8.2 mt produced during the corresponding period of the previous season, a release from the Indian Sugar Mills’ Association (ISMA) said in a latest update. Some buying emerged in the commodity today though and the spot prices are quoting at Rs 3325 per quintal, up 0.76% on the day.

Close
Profit Krishna

Weakness Continues In Wheat Market

Jan 10 2018 6:14PM

Not much trading was seen in wheat as prices declined by Rs 10 per quintal today. The latest agriculture data stated that wheat planting area was 4.63% less than the previous year at 28.43 million hectare on 5th January 2018 , but it will easily touch the target of over 30 million hectare as sowing was started late in major producing states. The sources added that the drop in night temperatures and rains would be beneficial for the wheat crop

Close
Profit Krishna

Turmeric Recovers At Nizamabad Mandi

Jan 10 2018 6:14PM

Some recovery was seen in turmeric market due to resurgence of export demand. The sources added that the total area of turmeric is likely to decline by almost 35-40 percent in the current year due to poor rainfall in major producing states such as Tamilnadu. The total daily arrivals of 1000 bags have been reported in Nizamabad mandi, while 1200 bags in Erode mandi. The spot prices of turmeric increased by Rs 50 per quintal , with the price range of Rs 7600-7700 per quintal.

Close
Profit Krishna

Refined Soyaoil Trades In Red

Jan 10 2018 6:13PM

Not much buying was seen in soya oil market due to fragile global cues . The spot prices decreased by Rs 0.50 kg today. As per the latest release from Solvent Extractors' Association of India, the import of vegetable oils during November 2017 is reported at 1,248,810 tons compared to 1,167,397 tons in October 2017 and 1,175,464 tons in November, 2016, i.e. up by 7% from October,2017.

Close
Profit Krishna

Jeera Slumps On Stockiest Selling

Jan 9 2018 7:43PM

Traders have liquidation their stocks due to possibility of bumper sowing in the current year. The sources stated that favourable sowing conditions in Rajasthan and Gujarat will witness strong jeera production in the current year. The daily arrivals have been reported at 3000 bags against total demand of 5000 bags. The prices have been trading in the range of Rs 17800-18500 per quintal. The sources added that total carryover stocks are reported in the range of 7-8 lakh bags against 18-19 lakh bags of the last year in the same period.

Close
Profit Krishna

Refined Soyaoil Surges On Positive Global Cues

Jan 9 2018 7:42PM

Fresh buying was seen in soya oil market on buoyancy in international market. The spot prices decreased by Rs 0.10 kg today. The spot prices decreased by Rs 0.50 kg today. As per the latest release from Solvent Extractors' Association of India, the import of vegetable oils during November 2017 is reported at 1,248,810 tons compared to 1,167,397 tons in October 2017 and 1,175,464 tons in November, 2016, i.e. up by 7% from October,2017.

Close
Profit Krishna

Crude Oil Speculators Trim Long Positions Yet Again

Jan 8 2018 1:57PM

Large energy speculators trimmed their bullish net positions in the Crude Oil WTI Futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 624,213 contracts in the data reported through Tuesday January 2nd. This was a weekly drop of -7,948 contracts.
Meanwhile, the commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -648,114 contracts on the week. This was a weekly fall of -3,845 contracts.

Close
Profit Krishna

Pre-Session: Markets to make a flat but positive opening on supportive regional cues

Jan 19 2018 9:29AM

The Indian markets despite giving up some of their gains in the late trade, managed decent gains in the last session, with benchmarks notching their fresh record highs, amid reports that the government is considering a proposal to permit 100 percent FDI in private banks. Today, the start is likely to be mildly in green tailing the regional counterparts and the traders will be reacting to domestic development, where the GST Council decided to cut tax rates on 29 products and 53 services, in what is seen as the biggest overhaul since the launch of GST. Finance Minister Arun Jaitley also said that the panel at its next meeting may also consider bringing under the Goods and Services Tax (GST) purview items like petroleum and real estate which are currently outside the new regime. Though, there will be some cautiousness as well, as the tax rate cut on 29 goods and 54 services would result in a revenue loss of around Rs 1,000 crore. Meanwhile, in a pre-Budget meeting with Finance Minister Arun Jaitley, State ministers called for higher budgetary allocations and also offered suggestions on fiscal policy. There will lots of important earnings announcements to keep the market buzzing for the day.
The US markets gave up some ground in the last session on concerns about a potential government shutdown, with a deadline to pass a spending bill looming on Friday. Profit taking also contributed to the pullback, with some traders cashing on the recent run to record highs. The Asian markets have mostly a positive start unfazed by the overnight decline in the US markets and headed for a sixth week of gains, though investors continue to monitor the possibility of a US government shutdown, with federal spending authority set to expire Friday.
Back home, extending their previous session’s jubilation, Indian equity benchmarks traded with traction through the session and settled at all time closing high levels. Profit booking in last leg of trade took markets off day’s high, but key gauges managed to end the session above their crucial 35,200 (Sensex) and 10,800 (Nifty) levels. Domestic bourses started the session with a huge gap on the up side, as traders took some encouragement with report that direct tax collections during the first nine-and-a-half months of the current fiscal have risen by 18.7 per cent to Rs 6.89 lakh crore. CBDT said that the collections till January 15, 2018 represent over 70 per cent of the Rs 9.8 lakh crore revenue target from direct taxes. Sentiments also got some support with Commerce and Industries Minister Suresh Prabhu expressing optimism that Indian economy is likely to grow to $5 trillion over the next eight to nine years, backed by government’s focus on bridging digital divide which is also helping people scale up their income. Market participants continued to take some support from report that the government has reduced the additional borrowing requirement to Rs 20,000 crore for the financial year 2017-18. Prior to this, an additional loan of Rs 50,000 crore was estimated to be borrowed. However, traders booked some of their profit at higher levels in last leg of trade after the World Economic Forum (WEF) said in its annual Global Risks Report that the world will see risks related to environment, economy and international relations intensify this year with a majority of stakeholders expecting political or economic confrontations between major powers to worsen. Traders also remained watchful ahead of GST Council meet scheduled for the day which will consider a host of proposals to simplify procedure for filing of returns, registration of large entities and take stock of the GSTN’s readiness for e-way bill rollout from February 1. The GST Council is expected to consider a reduction in tax rates for some items, about 80 going by some reports, and the inclusion of real estate in its 24th meeting. But, markets get strong support near 35,200 (Sensex) and 10,800 (Nifty) levels and managed to end comfortably above those levels. Finally, the BSE Sensex surged 178.47 points or 0.51% to 35,260.29, while the CNX Nifty was up by 28.45 points or 0.26% to 10,817.00

Close
Profit Krishna

LME Inventory

Apr 12 2017 1:51PM

       COPPER: -850 MT

       ZINC: -1850 MT

       LEAD: -1025 MT

       NICKLE: -1194 MT

       ALUMINIUM: -13575 MT

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]