Reports quote Gerald Celente,in particular and othe major banks,in general:-Stock Markets may crash by December,2010.
Ethanol from Sigar Cos increased from about Rs 21 to 26/=,per Litre.Sugar Cos to benefit.
Powrgrid may loan out its 120000 out of 150000 towers to telecom industry.Confirmation from the Co expected.
Lanco Infra plans Rs 24000/=, investment in the next 4 years.Read here
China prefers the Euro and Yen to the Dollar.Read here
US Federal Reserve official, admits using the "boom-bust" cycle.Read here
Indices at highs,with a negative bias.
India's Bond Yields slightly lower at 7.82 from 7.90%.Inflation figures expected on 16/8/2010.RBI tightening may be softer,due to this.Current account deficit alrming ar 3.4% of the GDP.Growth may slow down,in 2010/11.
The USA is fiscally bankrupt,as per reports.US Cities face massive cuts.US economic future grim.
fii Rs Crores D/M/Y:,+400;+4466;+16700;DII -434;-2748;+3133
bdi 2488;+20;+0.81% BELOW 200 DMA of 3083
gold 1226 $/Oz
silver 591 $/kg
Dr COPPER 3.2822 $/kg
us dollar index 82.40
Re v Dollar 46.35
crude 75.15 $/bbl
Reuters CRB Index 268.11(-0.68)
PMI 55.5 for July,2010:dipped from 56.2;rate of growing slow;above 50 good for the economy.
Sensex -116 ; 18051
VIX :
india 16.74;+1.37;+8.18%
usa 26.10;-0.14;-0.54%
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