As per Ajit Singh,Minister of Aviation,Air India,is almost bankrupt.Read here.
Psyching via subtle ads.Bt Cotton,Farmer suicides etc.Read here and here.
HPCL may import crude from Azerbaijan.IOCL is doing so in small quantities[20,000 bbl/day or 2800 MTD].Read here.
CDSCO,India's Drug Regulator,favouring Pharma Cos?Read here.
Commodities fall.Read here.
An excerpt from the above link:-
[Greece's New Democracy leader Antonis Samaras said he failed to form a coalition government following the weekend election, passing the opportunity to Alexis Tsipras's Syriza party. Tsipras said he would forge ahead with plans to form a government of left-wing parties that would nationalize banks, repeal recent labor reforms and cancel the nation's bailout accords.]
Saudi oil Minister says Crude prices are too HIGH.Read here.
An excerpt from the above link:-
[$100 OIL "FAIR"
Kuwaiti Oil Minister Hani Hussein was quoted by newspaper al-Rai on Tuesday as saying in an interview that oil prices should be around $100 per barrel, well below current levels.
"The fundamentals of supply and demand indicate that $100 a barrel is a fair price," Hussein said]
OPEC sued,by freedomwatchusa.Read here
Iran accepts Yuan for its Crude.Read here.
UPA to increase LNG import.Read here.
Monsieur Hollande,a Bilderberger?Read here.
Punjab demands waver on about Rs 22,000 Crores Loan.Read here.
India - 22.16
USA 19.05;200 DMA 25.82
Institutional Purchases:-
Foreign D/M/Y :- Rs Crores - -399
Indian Rs Crores :- +258
BDI $ 1165;Below 200 DMA of 1398;Shipping,GLOBAL ECONOMY and Markets in trouble.
Gold 1605 $/US Oz
Silver 948 $/kg
Copper 3.7033 $/lb
Reuters CRB Index US $ 295.13
Brent Crude 113.01 $/bbl
----------------------
Crude Oil (Indian Basket) 07/05/2012
- In US Dollar ($/bbl) 112.55
- In Indian Rupees (`/bbl) 6003.42
Exchange Rate (`/$) 53.34
----------------------
US Dollar Index 79.88
Re V Dollar 53.12
The HSBC manufacturing Purchasing Managers' Index (PMI) , compiled by Markit, rose to 54.9 in April,as against 54.7 in March 2012. In January, the PMI reading was 57.5.
Above 50 indicates growth.
Nifty Futures [Monthly] 4.75 Discount,08/5/2012
P/C 0.53 ;07/05/2012
Psyching via subtle ads.Bt Cotton,Farmer suicides etc.Read here and here.
HPCL may import crude from Azerbaijan.IOCL is doing so in small quantities[20,000 bbl/day or 2800 MTD].Read here.
CDSCO,India's Drug Regulator,favouring Pharma Cos?Read here.
Commodities fall.Read here.
An excerpt from the above link:-
[Greece's New Democracy leader Antonis Samaras said he failed to form a coalition government following the weekend election, passing the opportunity to Alexis Tsipras's Syriza party. Tsipras said he would forge ahead with plans to form a government of left-wing parties that would nationalize banks, repeal recent labor reforms and cancel the nation's bailout accords.]
Saudi oil Minister says Crude prices are too HIGH.Read here.
An excerpt from the above link:-
[$100 OIL "FAIR"
Kuwaiti Oil Minister Hani Hussein was quoted by newspaper al-Rai on Tuesday as saying in an interview that oil prices should be around $100 per barrel, well below current levels.
"The fundamentals of supply and demand indicate that $100 a barrel is a fair price," Hussein said]
OPEC sued,by freedomwatchusa.Read here
Iran accepts Yuan for its Crude.Read here.
UPA to increase LNG import.Read here.
Monsieur Hollande,a Bilderberger?Read here.
Punjab demands waver on about Rs 22,000 Crores Loan.Read here.
Sensex -367 ; 16545
vix[fear index]:-India - 22.16
USA 19.05;200 DMA 25.82
Institutional Purchases:-
Foreign D/M/Y :- Rs Crores - -399
Indian Rs Crores :- +258
BDI $ 1165;Below 200 DMA of 1398;Shipping,GLOBAL ECONOMY and Markets in trouble.
Gold 1605 $/US Oz
Silver 948 $/kg
Copper 3.7033 $/lb
Reuters CRB Index US $ 295.13
Brent Crude 113.01 $/bbl
----------------------
Crude Oil (Indian Basket) 07/05/2012
- In US Dollar ($/bbl) 112.55
- In Indian Rupees (`/bbl) 6003.42
Exchange Rate (`/$) 53.34
----------------------
US Dollar Index 79.88
Re V Dollar 53.12
The HSBC manufacturing Purchasing Managers' Index (PMI) , compiled by Markit, rose to 54.9 in April,as against 54.7 in March 2012. In January, the PMI reading was 57.5.
Above 50 indicates growth.
Nifty Futures [Monthly] 4.75 Discount,08/5/2012
P/C 0.53 ;07/05/2012
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