Budget 2012/13.Fiscal Deficit high at 5.1% of the GDP.
Funds for MRNEGA slashed by 17.5% to Rs 33000 from 40000 Crores.
Rupee payment to Iran for Crude made easier by doing away with 45% withholding tax.
Duty on imported Coal reduced.
Sensex -189;17487
vix[fear index]:-
India - 23.13
USA 14.47;200 DMA 26.11
Institutional Purchases:-
Foreign D/M/Y :- Rs Crores - `+881
Indian Rs Crores :- -770
BDI $ 874;Below 200 DMA of 1464;Shipping,GLOBAL ECONOMY and Markets in trouble.
Gold 1660 $/US Oz
Silver 1047 $/kg
Copper 3.8583 $/lb
Reuters CRB Index US $ 317.93
Crude 107.15 $/bbl [Dollar has fallen]
US Dollar Index 79.78
Re V Dollar 50.13
The Indian Markit/HSBC purchasing managers' index, based on a survey of around 500 companies, eased to 56.6 in February from 57.5 in January, 2012.
Above 50 indicates growth.
Nifty Futures [Monthly] 16.65 Premium,16/3/2012
P/C 0.515 ;15/3/2012
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