WEEKLY TREND;10/2/2013

India:-
1.The Stock Markets may be flat, with a negative bias till Budget,now that the divestment out of Oil India and NTPC are over.
      It is very sad that the PSUs are being DIVESTED out of,which will make India lose her Sovereignty:but,more important make her VULNERABLE with no RESERVES to fall back upon, during emergencies resulting in BANKRUPTCY too.India's Fiscal position is alarming due to wrong polices,resulting  LESS taxation of the oligarchs[huge loss of revenue due to SEZs etc]Sadder still that the UPA,due to its insincerity in rule the nation, makes monkeys of the small investors,misusing the Stock Markets.
2.The Baltic Dry Index is LOW.Global economy is in trouble.
3.Crude is HIGHER. Inflation may rise.
4.Due to Currency wars Gold, Silver [and other Commodities],look better to preserve one's wealth.
5.Maha Kumbh "MAUN AMAVASYA" being celebrated by the Hindus.
Global:-
1.China becomes the biggest Trading Nation in the World.
2.Currency wars pose an immediate threat to the Global Finance,Trade.
3.Governments tout out fake figures......

India Inching Towards Bankruptcy......

  India's Fiscal Position is very bad,what with:-
1.The Fiscal Deficit VERY HIGH
2.CAD very HIGH
3.External Debt HIGH.
4.Inflation HIGH.
5.Tax Revenue "sacrificed' from 2005,by way of concessions to the  SEZs = Rs 12,69,600 CRORES ,[based upon 2005 figures.Taking Inflation into consideration,this will be very high,NOW].THIS IS MASSIVE ALMOST EQUALLING THE TOTAL ANNUAL EXPENDITURE!!!

 Can a  nation survive with such losses?Definitely not!!
    
6.Under-recoveries claimed by the OMCs,UNJUSTLY,Rs 1,61,000 Crores this Fiscal.Last Fiscal it was Rs 131000 Crores.under-recoveries claimed by the OMCs, go on INCREASING despite massive hikes in the price of the petroleum fuels!!!
  Under-recoveries were started in 2005,after M M Singh became OM in 2004,and so far the loss to the National Exchequer may be in the range of Rs 6 to 7 LAKH CRORES and COUNTING.
7.Losses in CoalGate,2 G spectrum etc are massive.
8.There are also many "minor" scams.
9.STIMULI from 2008 is reported to be Rs 13 LAKH Crores so far and counting,as they are continuing.
10.India Inc lost Rs 24 LAKH Crores in 2007/8,due to ignorance regarding Derivatives/Forex.The involved bankers,were,reportedly let off with petty fines.
       The value of the Rupee has fallen by 300% from 2008 due to this,MASSIVELY ERODING the wealth of Indians..
       India cannot survive with such bad policies. BANKRUPTCY,IS STARING INDIA IN HER FACE.
To be continued.......

Trouble in Telengana and Manipur.
City of Miami broke.Read here

India PMI slips to 57.25 from 57.6.Read here
fii Rs Crores D/M/Y:;+360;+360;+19855;DII +169;+169;-2207
bdi  2741;+13;+1.03% BELOW 200 DMA of 3039
gold 1244 $/Oz
silver 622 $/kg
Dr COPPER  3.4224 $/kg
us dollar index 82.53
Re v Dollar 46.41
crude  73.88 $/bbl
Reuters CRB Index   268.51(+4.32)
Nifty Futures discount/premium:- September 2010,3.40 Discount ; P/C 0.56
PMI     55.5 for July,2010:dipped from 56.2;rate of growing slow;above 50 good for the economy.;India 57.25 from 57.6
Sensex   +234  ;      18205
(Fear Index) :-
              india 16.70;-1.77;-9.58

              usa 23.87;-2.16;-8.29%