1.The sudden rate outlook change by S&P,when the stocks were plummeting,shows something is wrong,with the Indian stock market.
2.BDI $1049
3.Brent $ 97.00 /bbl
4.Steel prices may fall as China's steel demand reduces.Iron Ore Cos may be adversely affected,as price has fallen by over 50% to about US $ 90/MT .
Indian Steel Stocks may fall.
5.Onion price has fallen sharply.
6.Gold Spot Rs 27550/10 Grams
Silver Spot Rs 39900 / Kg
7.India Inc has problems of FCCB and CDR
8.Banks NPA is uncomfortable.Add corruption to this and the scenario is worrisome.
Conclusion:-
SELECT INDIAN STOCKS MAY RISE FOR THE WRONG REASONS.
COMMODITIES ARE ON A FALLING TREND.
GOLD AND SILVER MAY RISE IN INDIA DUE TO THE FESTIVAL SEASON.
2.BDI $1049
3.Brent $ 97.00 /bbl
4.Steel prices may fall as China's steel demand reduces.Iron Ore Cos may be adversely affected,as price has fallen by over 50% to about US $ 90/MT .
Indian Steel Stocks may fall.
5.Onion price has fallen sharply.
6.Gold Spot Rs 27550/10 Grams
Silver Spot Rs 39900 / Kg
7.India Inc has problems of FCCB and CDR
8.Banks NPA is uncomfortable.Add corruption to this and the scenario is worrisome.
Conclusion:-
SELECT INDIAN STOCKS MAY RISE FOR THE WRONG REASONS.
COMMODITIES ARE ON A FALLING TREND.
GOLD AND SILVER MAY RISE IN INDIA DUE TO THE FESTIVAL SEASON.
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