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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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Arvind Ltd leads gainers in 'A' group

Feb 20 2018 12:39PM

Jindal Saw Ltd, Indiabulls Ventures Ltd, Apollo Tyres Ltd and Syndicate Bank are among the other gainers in the BSE's 'A' group today, 20 February 2018.
Arvind Ltd spiked 3.88% to Rs 398 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 67054 shares were traded on the counter so far as against the average daily volumes of 1.22 lakh shares in the past one month.
Jindal Saw Ltd soared 3.78% to Rs 131.85. The stock was the second biggest gainer in 'A' group. On the BSE, 2.31 lakh shares were traded on the counter so far as against the average daily volumes of 5.84 lakh shares in the past one month.
Indiabulls Ventures Ltd surged 3.56% to Rs 254.5. The stock was the third biggest gainer in 'A' group. On the BSE, 98642 shares were traded on the counter so far as against the average daily volumes of 2.85 lakh shares in the past one month.
Apollo Tyres Ltd advanced 3.54% to Rs 263.35. The stock was the fourth biggest gainer in 'A' group. On the BSE, 74874 shares were traded on the counter so far as against the average daily volumes of 1.58 lakh shares in the past one month.
Syndicate Bank rose 2.96% to Rs 57.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 4.51 lakh shares were traded on the counter so far as against the average daily volumes of 6.68 lakh shares in the past one month.

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Kaya rises after fund buying

Feb 20 2018 12:38PM

On the BSE, 5,347 shares were traded in the counter so far compared with average daily volumes of 7,717 shares in the past one quarter. The stock had hit a high of Rs 981.40 and a low of Rs 950 so far during the day. The stock hit a 52-week high of Rs 1,262 on 16 January 2018. The stock hit a 52-week low of Rs 711 on 23 March 2017.
The stock had underperformed the market over the past 30 days till 19 February 2018, falling 15.07% compared with 4.89% fall in the Sensex. The scrip had outperformed the market in past one quarter, rising 2.12% as against Sensex's 0.89% rise. The scrip had outperformed the market in past one year, rising 19.76% as against Sensex's 17.84% rise.
The small-cap company has equity capital of Rs 13.03 crore. Face value per share is Rs 10.
Portfolio management clients of Equity Intelligence India and EQ India Fund, which are controlled by well known investor Porinju Veliyath, acquired 13,350 shares (representing 0.10% of total paid up equity) of Kaya, as per disclosure available on the exchange. Shares were acquired from the open market on 19 February 2018.
On a consolidated basis, Kaya reported net loss of Rs 3.88 crore in Q3 December 2017 as against net loss of Rs 10.70 crore in Q3 December 2016. Net sales rose 3.36% to Rs 100.33 crore in Q3 December 2017 over Q3 December 2016.
Kaya provides holistic skincare solutions through Kaya Skin Clinic and its retail format store Kaya Skin Bar and their e-commerce offering.




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CMI gains after winning order

Feb 20 2018 12:37PM

On the BSE, 2,389 shares were traded in the counter so far compared with average daily volumes of 28,199 shares in the past one quarter. The stock had hit a high of Rs 254.60 and a low of Rs 245 so far during the day. The stock hit a 52-week high of Rs 308 on 15 January 2018. The stock hit a 52-week low of Rs 161.10 on 31 March 2017.
The stock had underperformed the market over the past 30 days till 19 February 2018, falling 11.21% compared with 4.89% fall in the Sensex. The scrip had outperformed the market in past one quarter, rising 23.29% as against Sensex's 0.89% rise. The scrip had outperformed the market in past one year, rising 45.93% as against Sensex's 17.84% rise.
The small-cap company has equity capital of Rs 15.03 crore. Face value per share is Rs 10.
CMI Energy India, the wholly-owned subsidiary of CMI, bagged an initial order from Engineers India (EIL) for supplying High Voltage (HV) cables in different sizes and quantities.
This is for the first time CMI Energy has bagged order from EIL and has entered into the business of HV cable business with them. With this order CMI energy has formed an association with EIL, Delhi as a vendor, which opens up enormous business opportunities in the future with them and their clients in a big way, the company said.
On a consolidated basis, net profit of CMI rose 232.04% to Rs 6.84 crore on 79.99% rise in net sales to Rs 134.49 crore in Q3 December 2017 over Q3 December 2016.
CMI is of one of the leading companies in the manufacturing of various types of cables that meet requirements of a wide spectrum of clients Like railways and metros, power generation, distribution and transmission, industrial, telecom, building construction & infra, etc.

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Eurozone Current Account Surplus Slips To 6-Month Low In December

Feb 19 2018 6:00PM

The euro area current account surplus fell to a 6-month low of EUR 29.9 billion in December from EUR 35 billion in November, data from the European Central Bank showed Monday. The surplus on trade in goods rose to EUR 30.9 billion in December from EUR 30.4 billion in the previous month. Similarly, surplus on services climbed to EUR 7.3 billion from EUR 5.3 billion. At the same time, primary income surplus shrank markedly to EUR 3.7 billion from EUR 12.6 billion. On the other side, the secondary income deficit narrowed from EUR 13.4 billion to EUR 12.0 billion.

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Vakrangee corrects on profit booking

Feb 19 2018 5:59PM

The stock had underperformed the market over the past 30 days till 16 February 2018, falling 43.82% compared with 3.54% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 25.44% as against Sensex's 2% rise. The scrip had outperformed the market in past one year, rising 57.56% as against Sensex's 19.47% rise.
The large-cap company has equity capital of Rs 105.88 crore. Face value per share is Re 1.
Shares of Vakrangee surged 27.57% in five trading sessions to settle at Rs 245.45 on Friday, 16 February 2018, from its close of Rs 192.40 on 8 February 2018.
On a consolidated basis, net profit of Vakrangee rose 87.50% to Rs 246.66 crore on 84.13% rise in net sales to Rs 1802.42 crore in Q3 December 2017 over Q3 December 2016.
Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail outlets to deliver real-time banking, insurance, e-governance, e-commerce and logistics services to the unserved & underserved rural, semi-urban and urban markets.

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Union Bank of India leads losers in 'A' group

Feb 19 2018 5:58PM

Allahabad Bank, UCO Bank, PC Jeweller Ltd and Punjab National Bank are among the other losers in the BSE's 'A' group today, 19 February 2018.
Union Bank of India tumbled 7.90% to Rs 108.95 at 14:53 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 23.52 lakh shares were traded on the counter so far as against the average daily volumes of 6.79 lakh shares in the past one month.
Allahabad Bank lost 7.49% to Rs 50.65. The stock was the second biggest loser in 'A' group.On the BSE, 11.43 lakh shares were traded on the counter so far as against the average daily volumes of 4.17 lakh shares in the past one month.
UCO Bank crashed 7.39% to Rs 26.3. The stock was the third biggest loser in 'A' group.On the BSE, 3.84 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month.
PC Jeweller Ltd shed 7.32% to Rs 351.95. The stock was the fourth biggest loser in 'A' group.On the BSE, 18.56 lakh shares were traded on the counter so far as against the average daily volumes of 19.03 lakh shares in the past one month.
Punjab National Bank corrected 7.20% to Rs 116.6. The stock was the fifth biggest loser in 'A' group.On the BSE, 87.17 lakh shares were traded on the counter so far as against the average daily volumes of 33.29 lakh shares in the past one month.

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LG Balakrishnan slips on profit taking

Feb 19 2018 5:57PM

On the BSE, 353 shares were traded on the counter so far as against average daily volumes of 2,892 shares in the past one quarter. The stock had hit a high of Rs 1,048.75 and a low of Rs 1,025 so far during the day. The stock had hit a record high of Rs 1,138.80 on 21 December 2017 and a 52-week low of Rs 534 on 10 February 2017.
The stock had outperformed the market over the past one month till 16 February 2018, sliding 1.76% compared with the Sensex's 2.19% fall. The stock had also outperformed the market over the past one quarter, advancing 15.52% as against the Sensex's 2.73% rise. The scrip had also outperformed the market over the past one year, surging 90.2% as against the Sensex's 20.17% rise.
The small-cap company has equity capital of Rs 15.70 crore. Face value per share is Rs 10.
Shares of L G Balakrishnan & Bros had rallied 16.28% in the past seven trading sessions to settle at Rs 1,060.25 on Friday, 16 February 2018, from its closing of Rs 911.75 on 6 February 2018.
L G Balakrishnan & Bros' net profit surged 76.4% to Rs 22.47 crore on 19.8% growth in net sales to Rs 333.46 crore in Q3 December 2017 over Q3 December 2016.
L G Balakrishnan & Bros makes chains, sprockets and metal formed parts for automotive applications.

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Fortis Healthcare Ltd leads losers in 'A' group

Feb 16 2018 7:32PM

National Aluminium Company Ltd, Max India Ltd, Jindal Steel & Power Ltd and Welspun Corp Ltd are among the other losers in the BSE's 'A' group today, 16 February 2018.
Fortis Healthcare Ltd lost 7.62% to Rs 132.75 at 14:52 IST. The stock was the biggest loser in the BSE's 'A' group.On the BSE, 128.9 lakh shares were traded on the counter so far as against the average daily volumes of 19.11 lakh shares in the past one month.
National Aluminium Company Ltd crashed 7.38% to Rs 69.65 at 14:52 IST. The stock was the second biggest loser in the BSE's 'A' group.On the BSE, 6.66 lakh shares were traded on the counter so far as against the average daily volumes of 11.19 lakh shares in the past one month.
Max India Ltd tumbled 6.07% to Rs 98.3 at 14:52 IST. The stock was the third biggest loser in the BSE's 'A' group.On the BSE, 59468 shares were traded on the counter so far as against the average daily volumes of 24796 shares in the past one month.
Jindal Steel & Power Ltd pared 5.91% to Rs 249.85 at 14:52 IST. The stock was the fourth biggest loser in the BSE's 'A' group.On the BSE, 9.91 lakh shares were traded on the counter so far as against the average daily volumes of 16.02 lakh shares in the past one month.
Welspun Corp Ltd dropped 5.61% to Rs 159 at 14:52 IST. The stock was the fifth biggest loser in the BSE's 'A' group.On the BSE, 1.29 lakh shares were traded on the counter so far as against the average daily volumes of 2.34 lakh shares in the past one month.

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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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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.

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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.

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Mutual funds in selling mode

Feb 16 2018 7:35PM

Mutual funds have sold stocks worth a net Rs 138.88 crore on 14 February 2018, compared with net inflow of Rs 1705.65 crore on 12 February 2018. The stock market was shut on 13 February 2018 for a public holiday.
The net outflow of Rs 138.88 crore on 14 February 2018 was a result of gross purchases of Rs 2578.77 crore and gross sales of Rs 2717.65 crore. On 14 February 2018, the Sensex had fallen 144.52 points or 0.42% to settle at 34,155.95, its lowest closing level since 9 February 2018.
Mutual funds have purchased shares worth a net Rs 5351.96 crore in February 2018 (till 14 February 2018). They had purchased shares worth a net Rs 9023.16 crore in January 2018.

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Mutual funds step up selling

Feb 6 2018 6:10PM

Mutual funds sold stocks worth a net Rs 956.69 crore on 2 February 2018, compared with net outflow of Rs 264.93 crore on 1 February 2018. The net outflow of Rs 956.69 crore on 2 February 2018 was a result of gross purchases of Rs 3083.40 crore and gross sales of Rs 4040.09 crore. On 2 February 2018, the barometer index, the S&P BSE Sensex, fell 839.91 points or 2.34% to settle at 35,066.75, its lowest closing level since 16 January 2018.
Mutual funds have sold shares worth a net Rs 1221.62 crore in February 2018 (till 2 February 2018). They had purchased shares worth a net Rs 9023.16 crore in January 2018.

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Reliance Banking Fund Announces Dividend

Feb 5 2018 6:59PM

Reliance Mutual Fund has announced 09 February 2018 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend plan & direct plan-dividend plan of Reliance Banking Fund. The quantum of dividend will be Rs 6.25 per unit under each plan / option as on the record date

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UTI Capital Protection Oriented Scheme – Series X – I (1169 Days) Floats On

Feb 5 2018 6:58PM


UTI Mutual Fund has launched a new fund named as UTI Capital Protection Oriented Scheme Series X – I (1169 Days), a close ended equity scheme. The duration of the scheme is 1169 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 05 February to 16 February 2018.
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 to provide capital appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the Scheme.
The scheme offers growth and dividend payout option under both regular and direct plan.
The scheme would allocate 70%-100% of assets in debt & money market instruments with low to medium risk profile and invest upto 30% of assets in equity & equity related instruments with medium to high risk profile.
The minimum application amount is Rs 5000 and in multiples of Re 1 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.

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LIC Mutual Fund targets 30% growth in its SIP folio through “Daily SIP

Jan 25 2018 1:37PM


LIC Mutual Fund, one of the fastest growing fund house in the country has introduced “Daily SIP”, an investment option for benefit of the investors. The market has garnered over 62,000 cr. annually through SIP route. LIC MF is offering the investors option to invest in SIP with as low as ?. 300 per day which will be available in five equity schemes viz. LIC MF Equity Fund, LIC MF Growth Fund, LIC MF Midcap Fund, LIC MF Infrastructure Fund & LIC MF Index Fund and two hybrid schemes viz. LIC MF Balanced Fund & LIC MF Monthly Income Plan. The fund house which clocks a SIP inflow of around ?. 23 cr. every month expects the number to go up to ?. 30 cr. following the rise in daily inflow.
Through Daily SIP, the fund house is trying to promote the habit of investing daily and the aim is to create wealth through investing daily with a minimum sum of ?. 300 across 22 working days, which will lead to a monthly investment of ?. 6,600.
Mr. Rajesh Patwardhan, Chief Marketing Officer of LIC Mutual Fund says ‘The current financial year has seen a surge of 56% in mutual funds through SIP investments. Mutual Fund SIP is gaining recognition among the investors as it encourages investing in a disciplined manner without worrying about market volatility and timing the market.
We believe that while SIP is a better route to invest in equity, Daily SIP will further help in beating the market volatility and benefit our investors from rupee cost averaging.”
According to data from industry association AMFI, mutual funds has added about 9.26 lakh SIP accounts every month on an average during 2017-18, with an average SIP size of about Rs 3,300 per account. He further added “We as a fund house are bullish on the market and expect an increase inflow into the equity markets”.

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Aditya Birla Sun Life Fixed Term Plan – Series PB

Jan 23 2018 9:44PM

Aditya Birla Sun Life Mutual Fund has launched a new fund named as Aditya Birla Sun Life Fixed Term Plan – Series PB (1190 days), a close ended income scheme. The tenure of the scheme is 1190 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 22 January to 23 January 2018.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
The scheme offers two options viz. growth and dividend option with Normal Dividend sub-option (Payout Facility) and Quarterly Dividend sub-option (Payout Facility).
The scheme would invest 80%-100% of assets in debt securities including government securities (excluding money market instruments) and invest up to 20% of assets in money market instruments with low to medium risk profile.
The minimum application amount is Rs 1000 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 Composite Bond Fund Index.
The fund manager of the scheme will be Mohit Sharma.

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Mutual funds turn sellers

Jan 23 2018 9:34PM

Mutual funds have sold stocks worth a net Rs 343.76 crore on 18 January 2018, compared with net inflow of Rs 543.69 crore on 17 January 2018. The net outflow of Rs 343.76 crore on 18 January 2018 was a result of gross purchases of Rs 3535.66 crore and gross sales of Rs 3879.42 crore. On 18 January 2018, the Sensex gained 178.47 points or 0.51% to settle at 35,260.29, a record closing high. Mutual funds snapped ten-day buying streak.
Mutual funds have bought shares worth a net Rs 4244.07 crore in January 2018 (till 18 January 2018). They had purchased shares worth a net Rs 8333.30 crore in December 2017.

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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.

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Turmeric Slumps On Waning Demand

Feb 19 2018 6:01PM


New supplies have reduced turmeric prices in local mandies. The sources added that the total production of turmeric is likely to decline by almost 2-3 lakh bags 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 2500-3000 bags in Erode mandi. The spot prices of turmeric decreased by Rs 10 per quintal , with the price range of Rs 6500-6800 per quintal.

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Jeera Extends Losses At Unjha Mandi

Feb 19 2018 6:00PM

Limited export demand has eroded jeera prices at Unjha mandi. 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 1500 bags including new arrivals against total demand of 3500 bags. The prices have been trading in the range of Rs 17200-17500 per quintal. The sources added that total carryover stocks are reported in the range of 5-6 lakh bags against 14-15 lakh bags of the last year in the same period.

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Jeera Arrivals Come In Very Thin

Feb 16 2018 7:33PM

The recent slide in futures is weighing on physical Jeera markets. Jeera traders are eying the increase in arrivals in coming weeks. Spot Jeera has slipped under the key Rs 20000 per quintal mark and futures are witnessing selling pressure on rallies. Prices gained in December on sustained buying interest from local stockists amid ideas that export demand would increase in near term. However, 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 19100 per quintal, down 0.34% on the day. Jeera supplies in Unjha stood at just 1500 bags today as the recent correction in prices is keeping stockists activity very limited.

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Sugar Backs Off After Recent Surge

Feb 15 2018 7:11PM

Spot Sugar prices slipped today after the recent surge. Prices soared in major mandies as the traders eyed the stock limits imposed by the government in the commodity. The government has capped the quantity of sugar that mills can release in the market in February and March following the recent slide in Sugar prices. The government has already hiked import duty on sugar to 100% mainly to check shipments from Pakistan, which gives subsidies to exporters. The local sugar mills have to hold, at the end of February, 83 % of sugar stock they had by 31 January and at end of March, retain 86% of the stock they had on February 28. Spot Sugar in Muzzafargar is down by 0.35% to trade at Rs 3476 per quintal.
Last month, 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. The spot Sugar prices for Medium grade Sugar in Muzzafarnagar, a key local market, fell to near two year low of Rs 3100 per quintal end January 2018. The commodity averaged Rs 3270 per quintal in January, down 16.30% compared to the same month last year.





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Jeera Arrivals Come In Very Thin

Feb 15 2018 7:11PM


The recent slide in futures is weighing on physical Jeera markets. Jeera traders are eying the increase in arrivals in coming weeks. Spot Jeera has slipped under the key Rs 20000 per quintal mark and futures are witnessing selling pressure on rallies. Prices gained in December on sustained buying interest from local stockists amid ideas that export demand would increase in near term. However, an improvement in the Jeera acreage in Gujarat is likely to keep the prices under check in near term. The spot prices are currently ruling at Rs 19230 per quintal, almost unchanged on the day. Jeera supplies in Unjha stood at just 1200 bags today as the recent correction in prices is keeping stockists activity very limited

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Gold Fields Reports Loss In 2017

Feb 14 2018 1:36PM

Gold mining major Gold Fields reported a loss for its 2017 financial year, when it invested heavily in growth project and grappled with the South African Revenue Service (SARS) over South Deep, its last remaining mine in SA. Investing in growth projects in Australia, Ghana and SA; a feasibility study in Chile; and a R3.5bn impairment against the South Deep mine left Gold Fields with an attributable net loss for the year to end-December of $35m compared with a profit of $163m the year before. Attributable headline earnings, which exclude once-off items to give a like-for-like comparison to the previous year, were $194m compared with $208m the year before.
Production at Gold Fields's South Deep mine for the year was 11% below original guidance at 281,000 ounces, compared with 290,000 ounces in the previous year. South Deep was unable to recover from the tough Q1 2017 which was impacted by two fatalities and three falls of ground in the high grade corridors, the company said.
However, for the year, Gold Fields met its production and cost forecasts, generating 2.16-million of gold equivalent ounces from its gold and copper operations. In the year before it produced 2.15-million ounces. The all-in sustaining cost dropped to $955 per ounce from $980 per ounce, while the all-in cost, which includes expenditure on growth, was $1,088 per ounce, up from $1,006 per ounce.

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Oil Soars, WTI Futures Back Above $60 Mark

Feb 12 2018 8:06PM

A strong rebound emerged in crude oil futures today as excellent speculative buying clubbed with a recovery in global equities boosted sentiments. The WTI Crude oil futures rose above key $60 per barrel today and currently trade at $60.23 per barrel, up 1.74% on the day. MCX Crude oil futures also rose in unison and are currently up 1.76% at Rs 3874 per barrel. Large oil speculators continued to add to their bullish net positions in the WTI Crude Oil futures markets to a new record high 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 WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 739,097 contracts in the data reported through Tuesday February 6th. This was a weekly surge of 4,539 contracts from the previous week. Speculative positions have made record highs in the past five weeks in a row.

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COMEX Gold Witnesses Buying Around EMA 100 On Daily Chart

Feb 12 2018 8:05PM

COMEX Gold futures have dropped in a quick manner over last few days. The metal has been witnessing persistent slide after topping out at its four month high of $1370 per ounce in third week of January 2018. The counter ahs dropped around $60 from that mark and some buying is emerging at its two month low now. Technical cues are also looking supportive as the metal is currently holding just above its 100 day Exponential Moving Average (EMA). The 100 day EMA is currently placed around $1360 levels.

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Mid-Session:Auto, pharma stocks see mixed trend

Feb 20 2018 12:36PM

Stocks hovered in positive zone with modest gains in early afternoon trade. At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 66.89 points or 0.2% at 33,841.55. The Nifty 50 index was up 16.70 points or 0.16% at 10,395.10. Stocks from auto and pharma sectors saw mixed trend.
Stocks struggled for direction in opening trade amid mild volatility. Soon the key benchmark indices nudged higher and posted small gains in early trade. Stocks extended early gains and hit fresh intraday high in morning trade. Key benchmark indices trimmed gains soon after hitting intraday high in mid-morning trade.
The S&P BSE Mid-Cap index was off 0.14%. The S&P BSE Small-Cap index was up 0.16%. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was negative. On the BSE, 1,324 shares fell and 1,168 shares rose. A total of 117 shares were unchanged. Breadth was negative in early trade. It was strong in morning trade. It once again turned negative in mid-morning trade.
Auto stocks saw mixed trend. Hero MotoCorp (up 1.25%), Eicher Motors (up 0.05%), Ashok Leyland (up 0.42%), SML Isuzu (up 0.31%) and Bajaj Auto (up 0.07%) rose. Escorts (down 1.06%), Tata Motors (down 0.05%), Maruti Suzuki India (down 0.74%) and TVS Motor Company (down 0.54%) fell.
Mahindra & Mahindra (M&M) dropped 1.28%. The company announced that it would make an additional investment at its Chakan plant in Maharashtra. As part of its expansion plans, the company will invest over Rs 500 crore in its electric vehicle (EV) project under the new EV policy of the Government of Maharashtra. The announcement was made after market hours yesterday, 19 February 2018.
The investment for EV and EV components is in addition to its ongoing expansion plan in Chakan which includes an initial investment of Rs 6500 crore. This additional investment of Rs 500 crore will be utilized towards product development and capacity enhancement for EVs and related components.
Pharma shares saw mixed trend. Dr Reddy's Laboratories (up 0.59%), Glenmark Pharmaceuticals (up 0.13%), Alkem Laboratories (up 0.15%), GlaxoSmithKline Pharmaceuticals (up 0.1%) rose. Aurobindo Pharma (down 1.89%), Wockhardt (down 2.22%), Cadila Healthcare (down 0.21%), Cipla (down 0.58%) and Lupin (down 0.1%) fell.
Sun Pharmaceutical Industries (Sun Pharma) fell 0.76%. Sun Pharma said that one of its wholly owned subsidiaries has increased its shareholding in Ranbaxy Malaysia Sdn Bhd, Malaysia, by way of further purchase of 3.86 lakh shares (equivalent to 4.84%) of Ranbaxy Malaysia Sdn Bhd. The announcement was made after market hours yesterday, 19 February 2018.
Kaya rose 3.14% to Rs 959.40 after portfolio management clients of Equity Intelligence India and EQ India Fund, which are controlled by well known investor Porinju Veliyath, acquired 13,350 shares (representing 0.10% of total paid up equity) of Kaya. Shares were acquired from the open market on 19 February 2018. The company made the disclosure after market hours yesterday, 19 February 2018.
CMI rose 2.21% after the company said its wholly-owned subsidiary CMI Energy India has bagged an initial order from Engineers India (EIL) for supplying High Voltage (HV) cables in different sizes and quantities. The announcement was made during trading hours today, 20 February 2018.
This is for the first time CMI Energy has bagged order from EIL and has entered into the business of HV cable business with them. With this order CMI energy has formed an association with EIL, Delhi as a vendor, which opens up enormous business opportunities in the future with them and their clients in a big way, the company said.
Post completion of this purchase of shares, the total holding of Sun Pharma alongwith its wholly owned subsidiary will increase from 85.9% to 90.74% in Ranbaxy Malaysia Sbn Bhd.
Overseas, most Asian stocks fell as Treasury yields climbed back toward recent four-year highs. Chinese markets will reopen on Thursday, 22 February 2018. Markets in Taiwan will reopen tomorrow, 21 February 2018 after a week-long holiday break. US markets remained closed yesterday, 19 February 2018 in observance of Presidents Day.

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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]