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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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Tata Motors Ltd slips for fifth straight session

Apr 19 2018 2:39PM


Tata Motors Ltd is down for a fifth straight session today. The stock is quoting at 334.5, down 0.09% on the day as on 13:29 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 10551.75. The Sensex is at 34393.79, up 0.18%.Tata Motors Ltd has lost around 1.27% in last one month.Meanwhile, Nifty Auto index of which Tata Motors Ltd is a constituent, has increased around 5.34% in last one month and is currently quoting at 11411.8, up 0.14% on the day. The volume in the stock stood at 37.26 lakh shares today, compared to the daily average of 112.6 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 335.5, down 0.15% on the day. Tata Motors Ltd tumbled 24.65% in last one year as compared to a 15.49% rally in NIFTY and a 15.32% spurt in the Nifty Auto index.
The PE of the stock is 0 based on TTM earnings ending December 17.

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Balaji Telefilms Ltd drops for fifth straight session

Apr 19 2018 2:28PM


Balaji Telefilms Ltd fell for a fifth straight session today. The stock is quoting at 133.45, down 0.45% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 10551.75. The Sensex is at 34393.79, up 0.18%.Balaji Telefilms Ltd has gained around 6.08% in last one month.Meanwhile, Nifty Media index of which Balaji Telefilms Ltd is a constituent, has increased around 4.06% in last one month and is currently quoting at 3391, up 0.7% on the day. The volume in the stock stood at 20342 shares today, compared to the daily average of 96758 shares in last one month.
The PE of the stock is 37.58 based on TTM earnings ending December 17.

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Indian Hume Pipe jumps after winning order

Apr 18 2018 12:58PM


On the BSE, 22,000 shares were traded in the counter so far compared with average daily volumes of 3,344 shares in the past two weeks. The stock had hit a high of Rs 368.70 and a low of Rs 355 so far during the day. The stock hit a record high of Rs 591 on 1 September 2017. The stock hit a 52-week low of Rs 285.80 on 26 March 2018.
Indian Hume Pipe Company has secured a work order of Rs 108.19 crore from Narmada Water Resources, Water Supply & Kalpsar Department, Gujarat for lift irrigation project for transmission 100 cusecs of water from Kherva to Visnagar.
Net profit of Indian Hume Pipe Company declined 17.53% to Rs 14.68 on 6.79% decline in net sales to Rs 356.09 crore in Q3 December 2017 over Q3 December 2016.
Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply and sewerage systems, and pipe manufacturing.

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Virinchi spurts after bagging contract

Apr 18 2018 12:58PM

On the BSE, 1.68 lakh shares were traded in the counter so far compared with average daily volumes of 34,000 shares in the past two weeks. The stock had hit a high of Rs 130 and a low of Rs 121 so far during the day. The stock hit a record high of Rs 153.50 on 9 January 2018. The stock hit a 52-week low of Rs 66.70 on 23 August 2017.
Virinchi signed a multi-product 5-year contract with Advance America Inc, the largest company in USA in the alternate finance industry, to deliver, maintain and host lending management software 'QFund' for a period of 5 years.
QFund is the flagship lending management system developed by Virinchi for the alternate finance industry in the USA.
On a consolidated basis, Virinchi's net profit rose 10.02% to Rs 8.89 crore on 1.21% increase in net sales to Rs 85.61 crore in Q3 December 2017 over Q2 September 2017.
Virinchi is an IT products & services company, focusing on customers in North America, Europe, & Middle East.

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Hercules Hoists Ltd leads gainers in 'B' group

Apr 18 2018 12:57PM


Bedmutha Industries Ltd, TajGVK Hotels & Resorts Ltd, Pitti Laminations Ltd and Royal Orchid Hotels Ltd are among the other gainers in the BSE's 'B' group today, 18 April 2018.
Hercules Hoists Ltd surged 16.88% to Rs 136.75 at 11:58 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 42120 shares were traded on the counter so far as against the average daily volumes of 5026 shares in the past one month.
Bedmutha Industries Ltd soared 15.22% to Rs 29.9. The stock was the second biggest gainer in 'B' group. On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 16663 shares in the past one month.
TajGVK Hotels & Resorts Ltd spiked 15.04% to Rs 240.9. The stock was the third biggest gainer in 'B' group. On the BSE, 4.24 lakh shares were traded on the counter so far as against the average daily volumes of 35094 shares in the past one month.
Pitti Laminations Ltd gained 13.73% to Rs 99. The stock was the fourth biggest gainer in 'B' group. On the BSE, 77088 shares were traded on the counter so far as against the average daily volumes of 10277 shares in the past one month.
Royal Orchid Hotels Ltd advanced 12.34% to Rs 230.4. The stock was the fifth biggest gainer in 'B' group. On the BSE, 2.66 lakh shares were traded on the counter so far as against the average daily volumes of 13344 shares in the past one month.

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Bedmutha Industries Ltd leads gainers in 'B' group

Apr 17 2018 1:06PM

Royal Orchid Hotels Ltd, Vibrant Global Capital Ltd, Arman Financial Services Ltd and IOL Chemicals & Pharmaceuticals Ltd are among the other gainers in the BSE's 'B' group today, 17 April 2018.
Bedmutha Industries Ltd spiked 19.86% to Rs 25.95 at 12:05 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.32 lakh shares were traded on the counter so far as against the average daily volumes of 9813 shares in the past one month.
Royal Orchid Hotels Ltd surged 14.39% to Rs 196. The stock was the second biggest gainer in 'B' group. On the BSE, 38523 shares were traded on the counter so far as against the average daily volumes of 3047 shares in the past one month.
Vibrant Global Capital Ltd soared 12.35% to Rs 55.95. The stock was the third biggest gainer in 'B' group. On the BSE, 1415 shares were traded on the counter so far as against the average daily volumes of 1725 shares in the past one month.
Arman Financial Services Ltd rose 10.00% to Rs 429.6. The stock was the fourth biggest gainer in 'B' group. On the BSE, 14394 shares were traded on the counter so far as against the average daily volumes of 3068 shares in the past one month.
IOL Chemicals & Pharmaceuticals Ltd exploded 9.97% to Rs 110.3. The stock was the fifth biggest gainer in 'B' group. On the BSE, 3.11 lakh shares were traded on the counter so far as against the average daily volumes of 87286 shares in the past one month.





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Britannia Industries Ltd is up for a fifth straight session today

Apr 17 2018 1:05PM

Britannia Industries Ltd is up for a fifth straight session today. The stock is quoting at Rs 5373.75, up 1.16% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.23% on the day, quoting at 10504.3. The Sensex is at 34270.72, down 0.1%. Britannia Industries Ltd has gained around 11.59% in last one month.
Meanwhile, Nifty FMCG index of which Britannia Industries Ltd is a constituent, has gained around 5.3% in last one month and is currently quoting at 27267.2, up 0.16% on the day. The volume in the stock stood at 1.49 lakh shares today, compared to the daily average of 1.3 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 5370, up 1.02% on the day. Britannia Industries Ltd is up 59.53% in last one year as compared to a 15.37% jump in NIFTY and a 16.79% jump in the Nifty FMCG index.
The PE of the stock is 70.86 based on TTM earnings ending December 17.

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Infosys slips over 4% in two sessions

Apr 17 2018 1:05PM

The result was announced after market hours Friday, 13 April 2018. Shares of Infosys fell 3.10% to settle at Rs 1,132.80. It has fallen 4.07% in two sessions from its close of Rs 1,169 on Friday, 13 April 2018.
Meanwhile, the S&P BSE Sensex was down 13.34 points, or 0.04% to 34,292.09.
On the BSE, 86,000 shares were traded in the counter so far compared with average daily volumes of 2.21 lakh shares in the past two weeks. The stock had hit a high of Rs 1,131.95 and a low of Rs 1,115.35 so far during the day. The stock hit a 52-week high of Rs 1,220 on 24 January 2018. The stock hit a 52-week low of Rs 861.50 on 22 August 2017.
On a consolidated basis, Infosys expects revenues to grow 6%-8% in constant currency in the fiscal year ending 31 March 2019 (FY 2019). It expects revenues to grow 8.2%-10.2% in rupee terms in FY 2019. Operating margin is expected in range of 22%-24% in FY 2019.
Infosys' consolidated net profit fell 28.1% to Rs 3690 crore on 1.6% increase in revenues to Rs 18083 crore in Q4 March 2018 over Q3 December 2017. Q4 March 2018 operating margin improved to 24.7% from 24.3% in Q3 December 2017. The result are under International Financial Reporting Standards (IFRS).
On a consolidated basis, net profit grew 11.7% to Rs 16029 crore in the year ended 31 March 2018 over the year ended 31 March 2017. Revenues were at Rs 70522 crore in the year ended 31 March 2018, a year on year (YoY) growth of 3% in reported terms and a growth of 5.8% in constant currency terms. Operating margins were reported at 24.3% in the year ended 31 March 2018.
Salil Parekh, CEO, said the company will will execute its strategy around the four pillars of scaling its Agile Digital business, energizing its client's core technology landscape via AI and automation, re-skilling its employees, and expanding its localization in markets such as US, Europe, and Australia.
Pravin Rao, COO, said during the quarter, Infosys provided highest level of variable payouts in several years. The company will roll out compensation increases for a large part of its workforce effective 1 April 2018.
M.D. Ranganath, CFO, said the company's margin guidance reflects its emphasis on digital-led growth and focused investments in this journey.
On 13 April 2018, Infosys entered into a definitive agreement to acquire WongDoody Holding Company, Inc., a US-based digital creative and consumer insights agency for a total consideration of up to $75 million including contingent consideration and retention payouts, subject to regulatory approvals and fulfillment of closing conditions.
In the quarter ended 31 March 2018, on conclusion of a strategic review of its portfolio of businesses, Infosys initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as Skava) and Panaya (collectively referred to as the disposal group). The company anticipates completion of the sale by March 2019 and accordingly, assets amounting to Rs 2060 crore ($316 million) and liabilities amounting to Rs 324 crore ($50 million) in respect of the disposal group have been reclassified and presented as held for sale.
On reclassification, an impairment loss of Rs 118 crore ($18 million) in respect of Panaya has been recognized in the consolidated profit and loss for the quarter and year ended 31 March 2018. The corresponding write down in the investment value of Panaya in the standalone financial statements of Infosys is Rs 589 crore ($90 million).
Infosys is a global leader in technology services and consulting.

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Board of Visco Trade Associates approves change in directorate

Apr 18 2018 10:47PM


Visco Trade Associates announced that the Board of Directors of the company at its meeting held on 18 April 2018 has approved the matter relating for the resignation of Debasish Roy –Director (DIN- 00661173) and appointment of Dipak Sundarka- Additional Independent Director (DIN-05297111) of the Company for the period of 5 years w.e.f 18 April 2018 interalia to consider, approved and take on record.

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Board of Mindtree approves change in directorate

Apr 18 2018 10:47PM

The Board of Mindtree has approved and recommended the appointment of Bijou Kurien, as Independent director of the Company for a term of three years from 17 July 2018. The Board accepted the resignation of Manisha Girotra, Independent Director, due to pre-occupation, with immediate effect.

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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


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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.




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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.




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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.

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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

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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.

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Essel Mutual Fund Announces changes in fund management responsibilities

Apr 3 2018 1:42PM

Essel Mutual Fund has announced that Amit Nigam, Head – Equity of Essel Mutual Fund ceases to be the fund manager of Essel Large Cap Equity Fund, Essel Large & Midcap Fund, Essel Long Term Advantage Fund, Essel 3 in 1 Fund (equity portion) and Essel Regular Savings Fund (equity portion) of Essel Finance AMC, with effect from 02 April 2018.
Further, Viral Berawala, Chief Investment Officer (CIO) has been appointed as the Fund Manager (Equity Portion) of the said schemes, with effect from 03 April 2018.
Killol Pandya continues to manage the debt portion of the schemes.

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Reliance Fixed Horizon Fund – XXXVI – Series 10 Floats On

Apr 3 2018 1:41PM

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXXVI – Series 10, a close-ended income scheme with the duration of 1129 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 03 April and closes subscription 05 April 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.

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UTI Fixed Term Income Fund – Series XXVIII – XIV (1147 Days) Floats On

Mar 19 2018 6:43PM

UTI Mutual Fund has launched a new fund named as UTI Fixed Term Income Fund – Series XXVIII – XIV (1147 Days), a close ended income scheme. The duration of the scheme is 1147 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 19 March to 20 March 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.

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Kotak FMP Series 220 Floats On

Mar 15 2018 9:07AM

Kotak Mutual Fund has launched a new fund named as Kotak FMP Series 220, a close ended debt scheme with the duration of 1150 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 12 March to 21 March 2018.
The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.
The scheme offers growth and dividend payout option.
The scheme shall invest 80%-100% of assets in debt securities including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile. Investment in derivatives will be up to 50% of the net assets of the scheme.
The minimum application amount is Rs 5000 and in multiples of Rs 10 for purchase and switch-ins.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme.
Entry load and exit load charge will be nil for the scheme.
The scheme performance will be benchmarked against CRISIL Composite Bond Fund Index.
Deepak Agarwal is the fund manager of the scheme.

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HDFC FMP 1208D March 2018 (1) Floats On

Mar 5 2018 6:13PM

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1208D March 2018 (1), a plan under HDFC Fixed Maturity Plans – Series 39 (a close-ended income scheme). The tenure of the scheme is 1208 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 01 March 2018 to 08 March 2018.
The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan.
The plan shall offer three options – growth, dividend and flexi option.
The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in 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 and exit load charge will be not applicable for the plan.
Benchmark Index for the plan is CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Anupam Joshi & Rakesh Vyas (Dedicated fund manager for overseas investments).

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HDFC FMP 1158D February 2018 (1) Floats On

Feb 27 2018 1:27PM

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1158D February 2018 (1), a plan under HDFC Fixed Maturity Plans – Series 39 (a close-ended income scheme). The tenure of the scheme is 1158 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription only on 26 February 2018.
The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan.
The plan shall offer three options – growth, dividend and flexi option.
The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in 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 and exit load charge will be not applicable for the plan.
Benchmark Index for the plan is CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Anupam Joshi & Rakesh Vyas (Dedicated fund manager for overseas investments).

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DSP BlackRock FMP – Series 222 – 3M Floats On

Feb 26 2018 2:51PM

DSP BlackRock Mutual Fund has launched a new fixed maturity plan named as DSP BlackRock FMP – Series 222 – 3M, a close-ended income scheme with the duration of 3 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 26 February to 27 February 2018.
The primary investment objective of the scheme is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme.
The scheme offers a choice of two options, growth option and dividend payout with regular payout and Quarterly payout option. The scheme would allocate upto 100% of assets in debt and money market securities 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 load: Nil
Exit load: Not applicable.
Benchmark Index for the scheme is CRISIL Liquid Fund Index.
The fund managers of the scheme are Laukik Bagwe and Pankaj Sharma.

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HDFC FMP 1158D February 2018 (1) Floats On

Feb 26 2018 2:50PM

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1158D February 2018 (1), a plan under HDFC Fixed Maturity Plans – Series 39 (a close-ended income scheme). The tenure of the scheme is 1158 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription only on 26 February 2018.
The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan.
The plan shall offer three options – growth, dividend and flexi option.
The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in 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 and exit load charge will be not applicable for the plan.
Benchmark Index for the plan is CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Anupam Joshi & Rakesh Vyas (Dedicated fund manager for overseas investments).

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Japan Posts Trade Surplus Of Y797.3 Billion In March

Apr 18 2018 1:00PM

Japan posted a merchandise trade surplus of 797.3 billion yen in March, up 32.1 percent on year, the Ministry of Finance said on Wednesday and was up sharply from 3.4 billion yen in February. Exports were up 2.1 percent on year to 7.381 trillion yen, up from the 1.8 percent gain in the previous month. Imports dipped 0.6 percent on year to 6.584 trillion yen after surging 16.5 percent a month earlier.

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US Industrial Production Sees Modest Increase In March

Apr 18 2018 1:00PM


The US Federal Reserve released a report on Tuesday showing a steady increase in US industrial production in the month of March. The report said industrial production edged up by 0.5% in March after surging up by a revised 1% in February. The increase in production was partly due to the rebound in utilities output, which spiked by 3% in March after crashing by 5% percent in February amid warmer-than-normal temperatures. Mining output also spurt 1% in March after soaring by 2.9%in February. The Fed said manufacturing output inched up by just 0.1% in March following the 1.5% gain seen in the previous month.

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Large Speculators Slightly Reduce Net Bearish Positions

Apr 16 2018 10:36PM

Large Speculators Slightly Reduce Net Bearish Positions
Large metals speculators slightly reduced their bearish net positions in the Silver futures markets last 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 Silver futures, traded by large speculators and hedge funds, totaled a net position of -14,833 contracts in the data reported through Tuesday April 10th. This was a weekly gain of 2,132 contracts. Speculative contracts have now been bearish overall for four consecutive weeks after having not seen bearish territory since 2003.The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -4,578 contracts on the week. This was a weekly drop of -1,941 contracts. The only traders that are currently bullish on silver are the small traders (also known as the non-reportables). This category of trader has a bullish position of +19,411 net contracts for the current week.

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Copper Speculators Edged Bullish Net Positions Higher For 2nd Week

Apr 16 2018 10:35PM

Large precious metals speculators advanced their bullish net positions in the Copper 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 Copper futures, traded by large speculators and hedge funds, totaled a net position of 23,706 contracts in the data reported through Tuesday April 10th. This was a weekly lift of 2,796 contracts from the previous week which had a total of 20,910 net contracts.
Speculative positions have risen for two straight weeks following three weekly declines that had dropped bullish net positions below the +20,000 contract level for the first time since July of 2017. The current bullish level is now back above the +20,000 net contract threshold for a 2nd week.
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -26,137 contracts on the week. This was a weekly loss of -860 contracts from the total net of -25,277 contracts reported the previous week.

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Singapore GDP Grows 4.3% in Q1 on Y-o-Y Basis

Apr 13 2018 2:03PM

Singapore's Ministry of Trade and Industry announced on Friday morning that based on advance estimates, the country's gross domestic product (GDP) for the first quarter of 2018 grew 4.3 percent year on year. That was higher than the GDP growth of 3.6 percent for the fourth quarter of 2017 and also 3.6 percent for the whole year. On a quarter-on-quarter seasonally-adjusted annualized basis, Singapore's economy expanded by 1.4 percent in the first quarter, lower than the 2.1 percent growth in the previous quarter.
In a breakdown, Singapore's manufacturing sector grew 10.1 percent year on year in the first quarter, compared to the 4.8 percent growth in the fourth quarter of last year. The construction sector contracted by 4.4 percent year on year, compared to the 5 percent decline in the previous quarter, due to a fall in both private sector and public sector construction activities.

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NCDEX Guarseed Off Two Week High, Sentiments Supported

Apr 13 2018 2:02PM

NCDEX Guarseed futures pulled off two week high yesterday but sentiments are looking steady following the recent surge in global crude oil prices which would support the export demand for Guargum. The global Brent crude oil soared near three year high on geopolitical worries and currently trade just below the same level. This can push up the demand for Guargum which is extracted from Guarseed. NCDEX Guarseed futures for May are currently trading at Rs 4117 per quintal, almost unchanged on the day. Prices tested highs near Rs 4200 in last session.
Latest export figures from the Agricultural and Processed Food Products Export Development Authority (Apeda) reveal that India's Guargum exports for the April-February 2018 period surged 39% in rupee terms to Rs 3,713 crore over corresponding last year's Rs 2,666 crore. In dollar terms, the shipments were up 45% at $577 million ($396 million). In volume terms, the shipments till February were up 7% at 4.49 lakh tonnes (lt) over 2016-17's 4.19 lt.

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Sugar Lingers Near Two Year Low In Muzaffar Nagar

Apr 12 2018 12:22PM

Sugar witnessed some gains around two year low. However, spot quotes are still under Rs 3000 per quintal. The commodity is currently trading at Rs 2890 per quintal in Muzaffar Nagar, down more than half a percent on the day. Prices have tumbled off late on calls of elevated local output. Indian Sugar Mills Association (ISMA) has revised up country's 2017-18 sugar production further by around 13% at 29.5 million tonnes from its second advance estimate of 26.1 million tonnes. ISMA noted that considering the substantially higher sugarcane yields per hectare reported from the State of Maharashtra and North Karnataka, members of ISMA agreed that there is a need to review the second advance estimates of sugar production. Sugar production up to February 28, 2018 was 23.05 million tonnes. Considering that 479 sugar mills are still crushing and also taking into the account higher yields reported from two states (Maharashtra and Karnataka), ISMA has revised its estimates for the current season to 29.5 million tonnes of sugar, the association said further. Since the start of the year, the domestic Sugar prices extended their decline on prospect of a further increase in local output and weak global cues. The commodity had edged up in October-November 2017 on festive demand but took a reverse direction once it become clear that the strong cane sowing would translate into robust sugar supplies in coming months.

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Indian Rupee Edges Lower On Increased Dollar Demand

Apr 12 2018 12:22PM

The Indian rupee edged slightly lower against the dollar in early trades on Thursday, 12 April 2018 following increased demand for the American currency from banks and importers. Investors remained cautious ahead of consumer price inflation data due later in the day. Moreover, the US dollar's gains against some currencies overseas, on surging crude oil prices and growing geopolitical uncertainties, weighed on the domestic unit. However, a higher opening of the domestic equity market capped the rupee's fall.
The rupee shed 5 paise to hit a fresh five-month low of 65.36 against the US dollar in early trade today. The domestic unit dropped to a low of 65.4550 so far during the day. In the spot currency market, the Indian unit was last seen trading at 65.37. Yesterday, the rupee had lost 32 paise to hit a fresh five-month low of 65.31 against the US dollar.
Domestic benchmark indices were trading with small gains in morning trade as buying in IT stocks was offset by selling pressure in pharmaceutical shares. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 54.58 points or 0.16% at 33,995.02. The Nifty 50 index was up 3.80 points or 0.04% at 10,420.95. The Sensex pared gains after briefly crossing the 34,000 mark.v
Overseas, Asian shares declined after Syria tensions and hawkish statements from the US Federal Reserve dented investors' sentiment. US stocks declined on Wednesday, as worries about geopolitical developments deflated the buying mood on Wall Street. An early morning tweet by President Donald Trump implied the possibility of a military strike in Syria and set the downbeat tone for the session.
Meanwhile, the dollar edged up against the yen on Thursday, but its gains were tepid as concerns over possible Western military action against Syria lent support to the safe-haven Japanese currency. The geopolitical tensions shifted some focus away from the U.S.-China trade standoff, with the dollar inching up 0.1 percent to 106.91 yen after losing 0.4 percent on Wednesday. The yen often draws demand in times of market turmoil and political tensions.

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Mid-Session:Market turns range bound

Apr 19 2018 2:27PM

Key benchmark indices turned range bound in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, was up 84.07 points or 0.24% at 34,415.75. The Nifty 50 index was up 32.45 points or 0.31% at 10,558.65. Positive global stocks boosted sentiment on the domestic bourses.
Key indices resumed uptrend after taking a one-day pause yesterday, 18 April 2018, on positive Asian stocks. Indices hovered in near day's high in morning trade. Indices were range bound in afternoon trade.
The S&P BSE Mid-Cap index was up 0.53%. The S&P BSE Small-Cap index was up 0.46%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,336 shares rose and 1,149 shares fell. A total of 155 shares were unchanged.
Pharmaceutical shares were mixed. Divi's Laboratories (up 1.02%), Piramal Enterprises (up 0.85%), Dr Reddy's Laboratories (up 0.54%), GlaxoSmithKline Pharmaceuticals (up 0.45%), Glenmark Pharmaceuticals (up 0.34%), Alkem Laboratories (up 0.29%) and Cipla (up 0.20%), edged higher. Wockhardt (down 0.01%), Lupin (down 0.17%), Aurobindo Pharma (down 0.34%), Cadila Healthcare (down 0.65%), Strides Shasun (down 0.7%) and IPCA Laboratories (down 1.65%), edged lower.
Sun Pharmaceutical Industries fell 0.52%. Sun Pharmaceutical Industries said that one of the wholly-owned subsidiaries has increased its shareholding in Ranbaxy Malaysia Sdn Bhd, Malaysia, by way of further purchase of 394,404 shares of face value of MYR 1 each (equivalent to 4.93%) of Ranbaxy Malaysia Sdn Bhd. The announcement was made after market hours yesterday, 18 April 2018.
Ranbaxy Malaysia Sdn Bhd., is a subsidiary of the company, and the total shareholding of Sun Pharmaceutical Industries, alongwith its wholly owned subsidiary is 90.74%, prior to this purchase of shares. Post completion of this purchase of shares, the total holding of the company along with its wholly owned subsidiary will increase to 95.67% in Ranbaxy Malaysia Sdn Bhd.
Power generation stocks were mixed. Jaiprakash Power Ventures (down 0.9%), Adani Power (down 0.78%), Tata Power (down 0.51%), NTPC (down 0.34%), GMR Infrastructure (down 0.25%) and NHPC (down 0.18%), edged lower. CESC (up 0.18%), Torrent Power (up 0.21%), Reliance Power (up 0.51%), Reliance Infrastructure (up 0.57%) and JSW Energy (up 1.12%), edged higher.
State-run Power Grid Corporation of India was up 0.83%. State-run Coal India was down 0.82%.
Overseas, most European shares rose as soaring oil prices triggered a broader rally across commodities. Asian stocks rose, building on gains a day earlier, with oil prices at 3½-year highs helping to boost sentiment for the region's equities.
In US, the Dow industrials ended lower yesterday, 18 April 2018 as IBM's shares got walloped; however, gains in shares of energy-related firms helped the broader market post modest gains. Wall Street showed a muted reaction to the release of the Beige Book report, which underscored that economic activity remained at a modest to moderate pace in March and early April.
The Fed's Beige Book showed that economic activity remained at a modest to moderate pace, though nine of the 12 regional banks expressed concerns about trade tariffs, centered on the tit-for-tat spat between Beijing and Washington.

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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]