Thursday, May 17, 2012

17/5/2012

Saudi Oil Minister Naimi says Brent Crude prices may drop to $100/bbl.Read here,
Pranab Mukherjee says it is difficult to raise price of Diesel etc.Read here.
RBI opposes increase in FII investment cap.Read here.
G-7 may tap Strategic Oil Reserves as a weapon against Iran.Read here.
Corporate Credit Bomb of $ 46 Trillion ticking for the next 5 years.Read here.

Sensex   +40 ; 16070
vix[fear index]:-
India  -       23.59;-0.12;0.5%
USA            24.49;200 DMA 25.77
Institutional Purchases:-
Foreign    D/M/Y :-    Rs Crores -  -10
Indian        Rs Crores :-                 +254
BDI   $           1137;[17/5/2012];Below 200 DMA of 1395;Shipping,GLOBAL ECONOMY and Markets in trouble.
Gold       1574 $/US Oz  [Higher margin requirements for gold trades that were announced Friday (4/5/2012)by the CME Group]
Silver     901 $/kg
Copper   3.5102 $/lb  
Reuters CRB Index US $  289.55  
Brent Crude     106.96  $/bbl      [Seaway Pipeline reversed,among others.]
China reduced  crude imports to 22.21mn tons, the least in 4-months, due to slowing economy & refinery repairs.                  
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Crude Oil (Indian Basket) 17/05/2012
-     In US Dollar ($/bbl) 107.87
-     In Indian Rupees (`/bbl) 5867.05
Exchange Rate  (`/$) 54.39
----------------------
US Dollar Index  81.40
Re V Dollar          54.72
The HSBC manufacturing Purchasing Managers' Index (PMI) , compiled by Markit, rose to 54.9 in April,as against  54.7 in March 2012. In January, the PMI reading was 57.5.
Above 50 indicates growth.
Nifty Futures [Monthly]    at SPOT price,16/5/2012
P/C  0.48 ;17/05/2012


Will be updated......

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