PETROL RICE HIKED by Rs 1.40/= per Litre.
Infaltion will increase.
1.MNCs' tax-avoidance addressed kin this Budget[2013/2014].Effective from 1st June,2013.
2.Impose limit on global transactions of cards,by June 30th 2013: RBI to banks
3.93% of the India's workforce,is in the unorganized sector.Nothing for them in the Budget 2013/2014!!!
Trade Unions point out the same mistake.
4.Recapitalization of PSU banks delayed.Rs 90,000 Crores required in the 5 years.Rs 14,000 Crores allotted this Fiscal.
5.SEQUESTRATION or Automatic Spending cuts to go into effect from today, in the USA.IMF has warned of reduction in Global Growth.
6.ONGC plants Rs 35,000 Crores Capex,2013/2014.
7.February PMI 4.2 as against 3.2 in January 2013.
8.China reduces Liquidity in the system.US Federal reserve not so sure of its QE[SUBSIDY]
Sensex ; +57; 18918
vix[fear index]:-
India - 14.06 ;-0.80; -5.38 %
Institutional Buying:-
i)Foreign Rs Crores - +627
ii)Indian " " - -46
BDI $ 776;+19;+2.45% [745 on 27/2/2012]
Sharp fall below 200 DMA of 874.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed..
BDI unable to breach the PREVIOUS TOP...........Very near the all-time low, reached not long ago.
GLOBAL ECONOMY in trouble.Fiscal Deficits and Debts of many nations,ARE VERY HIGH.
2015:-Bond Redemption of the Nations having the HIGHEST Debts,led by Japan.HUGE QEs expected.Currencies will crumble.Commodities will dominate.Land too.
Gold 1577 $/US Oz ; Rs 29732 / 10 grams[MCX]
[ CME reduces margins in Gold($ 1700 per contract),Silver about $4300 per contract,Silver and Copper($500),on 16/11/2012.
Shorting Gold and Silver are,reportedly,aided by the various Agencies,and turn a blind eye or look the other way. ]
Silver 919 $/kg ; Rs 53786 /Kg [MCX}
Copper 3.4805 $/lb
CCI or Reuters CRB Index US $ 290.36
Brent Crude 110.62 $/bbl [US Dollar strong]
----------------------
Crude Oil (Indian Basket 28/2/2013
- In US Dollar ($/bbl) 108.44
- In Rs (`/bbl) 5830.82
- last fortnight " " 6093.79[February 1 st to 15 th,2013]
Exchange Rate (`/$) 53.77
----------------------
US Dollar Index 82.28
Rs V Dollar 54.90
The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production -stood at 54.2 in February, . after hitting a six month high level of 53.2 in January,2013. It stood at 53.7 in November.
Above 50 indicates growth.Applies only for production,but NOT Utilities.
Nifty Futures [Monthly] 8.30 points , PREMIUM,1/3/2013
P/C NIFTY- 1.12
Will be updated.........
Infaltion will increase.
1.MNCs' tax-avoidance addressed kin this Budget[2013/2014].Effective from 1st June,2013.
2.Impose limit on global transactions of cards,by June 30th 2013: RBI to banks
3.93% of the India's workforce,is in the unorganized sector.Nothing for them in the Budget 2013/2014!!!
Trade Unions point out the same mistake.
4.Recapitalization of PSU banks delayed.Rs 90,000 Crores required in the 5 years.Rs 14,000 Crores allotted this Fiscal.
5.SEQUESTRATION or Automatic Spending cuts to go into effect from today, in the USA.IMF has warned of reduction in Global Growth.
6.ONGC plants Rs 35,000 Crores Capex,2013/2014.
7.February PMI 4.2 as against 3.2 in January 2013.
8.China reduces Liquidity in the system.US Federal reserve not so sure of its QE[SUBSIDY]
Sensex ; +57; 18918
vix[fear index]:-
India - 14.06 ;-0.80; -5.38 %
Institutional Buying:-
i)Foreign Rs Crores - +627
ii)Indian " " - -46
BDI $ 776;+19;+2.45% [745 on 27/2/2012]
Sharp fall below 200 DMA of 874.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed..
BDI unable to breach the PREVIOUS TOP...........Very near the all-time low, reached not long ago.
GLOBAL ECONOMY in trouble.Fiscal Deficits and Debts of many nations,ARE VERY HIGH.
2015:-Bond Redemption of the Nations having the HIGHEST Debts,led by Japan.HUGE QEs expected.Currencies will crumble.Commodities will dominate.Land too.
Gold 1577 $/US Oz ; Rs 29732 / 10 grams[MCX]
[ CME reduces margins in Gold($ 1700 per contract),Silver about $4300 per contract,Silver and Copper($500),on 16/11/2012.
Shorting Gold and Silver are,reportedly,aided by the various Agencies,and turn a blind eye or look the other way. ]
Silver 919 $/kg ; Rs 53786 /Kg [MCX}
Copper 3.4805 $/lb
CCI or Reuters CRB Index US $ 290.36
Brent Crude 110.62 $/bbl [US Dollar strong]
----------------------
Crude Oil (Indian Basket 28/2/2013
- In US Dollar ($/bbl) 108.44
- In Rs (`/bbl) 5830.82
- last fortnight " " 6093.79[February 1 st to 15 th,2013]
Exchange Rate (`/$) 53.77
----------------------
US Dollar Index 82.28
Rs V Dollar 54.90
The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production -stood at 54.2 in February, . after hitting a six month high level of 53.2 in January,2013. It stood at 53.7 in November.
Above 50 indicates growth.Applies only for production,but NOT Utilities.
Nifty Futures [Monthly] 8.30 points , PREMIUM,1/3/2013
P/C NIFTY- 1.12
Will be updated.........
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