GA CB... sold 1 lot of mininifty futures at 5040 sep 29 expiry.
Is there a charge or a fee for carrying overnight? Kindly let me know if there is anything imp like margin penalty etc to keep in mind.
Thanks in advance.

new to futures trading CB, sold 1 lot to learn and gain real time experience.
another newbie bothering you for advice. :)

Hi CB/Karthik,

I am holding 5 lots of nifty4800 pe @56, can i hold for a week, please suggest?

Hi CB,

Goodevening. What happened to Nagarjuna Fertilisers? Is it delisted, it is showing 26 aug as last traded date on Moneycontrol.com

Hi CB,
At KS Oils,be it reputation or capital,we believe in preserving and growing them. Unfortunately,both are in tatters.The edible oil manufacturer which was worth more than.2,600 crore at peak valuation last year,is at.406 crore,just a tenth of its last fiscal revenue.It owns thousands of acres of plantations,including the scenic Sumatra island in Indonesia.It is in one of the most promising agri businesses edible oils.But few dare to forecast what its future could be.Thanks to the 85% crash in its stock price in the past one year,the company is in play,said two people familiar with the situation referring it to be a takeover target.PriceWaterhouse-Coopers and Bank of America ML may be advising on the takeover,they said.KS Oils,founded in 1985 by Ramesh Chang Garg,has grown from what was just a local farm business to a global one with ownership of plantations in South East Asia.From a business family in Morena,Madhya Pradesh,Garg drove the company from earning a few lakhs of rupees revenue to nearly a billion-dollar business with partnership from the likes of Singapore Economic Development Board.But his quest to be the biggest in mustard oil with massive trading bets that went sour may probably taking the company away from him.Garg pledged a part of his holdings to raise funds for his trades in commodities,especially,mustard seed in which his company was a leader with more than a tenth of the national market share.Since the beginning of the new millennium,the company grew leaps and bounds,drawing investors such as Baring Private Equity,Rajat Gupta-backed New Silk Route and Citi.All are nursing losses,as is Garg.An analyst drew a parallel with the fate of Hunt Brothers who cornered silver in the 70s,but went bust after the precious metal collapsed.The stock price fall this month was triggered when lenders such as Edelweiss sold off those shares as Garg could not bring in more collateral to match the slide.Commodity traders speculate that he has been losing money in mustard trading,hence could not pay up,interviews with six people comprising rivals and commodities traders revealed.None of them wanted to be on record.Phone calls and e-mails to Garg seeking comments remained unanswered for more than a week.The promoters of KS Oils wanted to capture higher market share as they did not want competitors like Ruchi Soya and Adani Wilmar to take advantage of market prices due to which Garg started accumulating large positions in futures,driving prices higher, said an official at a commodities brokerage who did not want to be identified due to the seriousness of the matter.Around the time when Garg was increasing bets in mustard seeds,the prices rose 19% between October and December 2009.But by March 2010,when crop arrivals increased,it crashed 30% to.24,400 per tonne levels.Global prices started easing,thanks to the recession in the West.Higher Indian prices could not be sustained.So,seeds bought at higher prices could not be crushed.These high prices could not be sustained due to weak overseas market owing to which prices fell sharply and touched a low of.23,700/tonne in January 2010, said Badruddin Khan,AVP-research,Angel Commodities.Garg reportedly lost in the fall.That raised the pledge of his shares to raise funds to 88% of his holdings in March 2011,from 48% in March 2009,regulatory filings show.His ownership has fallen to 8.2% from 16.8% in 09.The promoter groups ownership is 30.5%,down from 38.2%.Other shareholders include New Silk Route (9.48%),Baring Private Equity (5%),Siva Trade Consultancy,owned by entrepreneur Sivasankaran (4.8%).Most private funds bought shares in May 2009 at.55.50 apiece.The funding lifted the expansion ambitions of Garg who bought 35,000 acres of palm oil plantation in Indonesia a month later taking total ownership to 85,000 acres investing.750 crore.It joined the likes of global commodity giants such as Cargill and Sime Darby Berhad.It was this greed to increase the market share which eventually led to the decline of the company, said an executive at a rival firm who declined to be named.These investments boosted its revenue by 28% to.4,029 crore in fiscal 2010,from.3,147 crore in 2009.Net profit rose 29% to.212 crore from.164 crore during the period.While the business of the company improved,the stock market performance began to deteriorate with reports of investigating agencies probing price manipulation in December last,which led to an erosion of quarter of its value.But the company denied any role.KS Oils has not received any communication from the regulator,exchanges or authorities,it said in a filing with stock exchanges.We also deny any involvement of the company or any executives in this matter. The revival of hopes and the firesale valuations led to brokerages such as Nomura also recommending a Buy on KS Oils.The brokerage stated the stock was trading at a nearly 50% discount to the replacement value of its assets.Any positive news flow in the palm/edible oil space and plantage ramp-up may lead to a bounce back in the stock, it stated.But that proved to be shortlived.Now,Nomura does not have any coverage on the stock.

Hi CB, Thank you :)

i am already invest in this mutual hdfc top 200, axis equity & icici dynamic...

any 2 more mutual fund for long term.......

Thanks Cb. Wish you a pleasant weekend as well.