1.ONGC buys Videocon's 10% stake in a giant Gas field in Mozambique.
2.RBI's Mumbai panel recommends doing with SLR of Banks thus intensifying its attack on Gold[SLR contains Gold to be held by Banks].Foreign Banks' "lobbying" is also strongly suspected.
An excerpt from the link above:-
"Statutory liquidity ratio refers amount that commercial banks require to maintain in the form of gold or
government approved securities before providing credit to the customers.....".
Sensex -94 ; 20693
VIX India 16.32; -0.18; -1.09 % [Should be below 50]
Institutional Investors Rs Crores
FII -567
DII -59
Nifty Premium about 34, expiry date 30/1/2014 and about 71 for 26/2/2013
Nifty P/C 0.97
Gold 1232/ US Oz; MCX 28834 / 10 grams 5% premium for small lots in India
Silver $ 637 / Kg , Rs 44526 / Kg Premium 6% in India for small lots as on 15/11/2013.
Copper $ 3.3368 /Lb
THAT IS,PHYSICAL GOLD HAS DEMAND AND HENCE THE LOW PRICE SHOWS MANIPULATION MISUSING THE DERIVATIVES,BY THE VESTED INTERESTS.
BDI $ 1876;-75;-3.94%; ABOVE 200 DMA 1337.81
Reuters CRB Index $ 276.83
Brent $107.45 {Crude manipulated to be higher.Gold,Silver and Copper suppressed.SUDAN problem]
India's 10 Year Bond Yield 8.79%
US 10 Year Treasury Yield 2.96% ;-0.02%
----------------------
Indian Crude Basket 6/1/2014
$/bbl 104.96
Rs/bbl 6542.16
At Rupee V Dollar 62.33
Last Fortnight December 28th 2013 to 6th, January,2014; Rs 6662.43
--------------------------
US Dollar Index 80.87
Re V US Dollar 62.30
BitCoin $ 851 at 1508 Hrs IST 8/1/2014
HSBC PMI rises from 50.7 in December against 51.3 in November 2013
Below 50 is bad.
The HSBC/Markit purchasing managers index for the services industry inched up to 46.7 in December, from 47.2 in November, 2013,the sixth successive monthly contraction of service sector output across India.
Will be updated.....
2.RBI's Mumbai panel recommends doing with SLR of Banks thus intensifying its attack on Gold[SLR contains Gold to be held by Banks].Foreign Banks' "lobbying" is also strongly suspected.
An excerpt from the link above:-
"Statutory liquidity ratio refers amount that commercial banks require to maintain in the form of gold or
government approved securities before providing credit to the customers.....".
Sensex -94 ; 20693
VIX India 16.32; -0.18; -1.09 % [Should be below 50]
Institutional Investors Rs Crores
FII -567
DII -59
Nifty Premium about 34, expiry date 30/1/2014 and about 71 for 26/2/2013
Nifty P/C 0.97
Gold 1232/ US Oz; MCX 28834 / 10 grams 5% premium for small lots in India
Silver $ 637 / Kg , Rs 44526 / Kg Premium 6% in India for small lots as on 15/11/2013.
Copper $ 3.3368 /Lb
THAT IS,PHYSICAL GOLD HAS DEMAND AND HENCE THE LOW PRICE SHOWS MANIPULATION MISUSING THE DERIVATIVES,BY THE VESTED INTERESTS.
BDI $ 1876;-75;-3.94%; ABOVE 200 DMA 1337.81
Reuters CRB Index $ 276.83
Brent $107.45 {Crude manipulated to be higher.Gold,Silver and Copper suppressed.SUDAN problem]
India's 10 Year Bond Yield 8.79%
US 10 Year Treasury Yield 2.96% ;-0.02%
----------------------
Indian Crude Basket 6/1/2014
$/bbl 104.96
Rs/bbl 6542.16
At Rupee V Dollar 62.33
Last Fortnight December 28th 2013 to 6th, January,2014; Rs 6662.43
--------------------------
US Dollar Index 80.87
Re V US Dollar 62.30
BitCoin $ 851 at 1508 Hrs IST 8/1/2014
HSBC PMI rises from 50.7 in December against 51.3 in November 2013
Below 50 is bad.
The HSBC/Markit purchasing managers index for the services industry inched up to 46.7 in December, from 47.2 in November, 2013,the sixth successive monthly contraction of service sector output across India.
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