7/5/2012

UPA cuts withholding tax from 20 to 5% favouring the oligarchs,against national Interest.Read here.

Finance Bill.Read here.

India's Bond rally as Crude falls.Read here.

MRPL starts 2 out of 3 CDUs.Read here.

Greek election indecisive.Read here and here.


Socialists win in French Elections.Read here.

Indian Cement Sector turns to US High Sulphur Coal.Read here.

Russian opposition and US Embassy.Read here.

M M Singh is trying to convert SAARC into a EU-clone.Read here.

India's auto sector to grow.Read here.

PNGRB reluctant to fix marketing margin for NG.Read here.

Sensex +81 ; 16912
vix[fear index]:-
India  -       20.22
USA            18.94;200 DMA 25.81
Institutional Purchases:-
Foreign    D/M/Y :-    Rs Crores -  -631
Indian        Rs Crores :-                 +274
BDI   $           1157 [4/5/2012];Below 200 DMA of 1399;Shipping,GLOBAL ECONOMY and Markets in trouble.
Gold       1639 $/US Oz
Silver     965 $/kg
Copper   3.7689 $/lb  
Reuters CRB Index US $  297.46  
Brent Crude     113.16  $/bbl                          
----------------------
Crude Oil (Indian Basket) 04/05/2012
-     In US Dollar ($/bbl) 112.55
-     In Indian Rupees (`/bbl) 6046.19
Exchange Rate  (`/$) 53.72
----------------------
US Dollar Index  79.57
Re V Dollar          52.905 
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]    24.35 Premium,07/5/2012
P/C  0.52 ;04/5/2012