Thursday, February 21, 2013

21/2/2013

1.The "proposed", Free Trade Agreement proving costly for India.UPS to freeze Gold Jewellery imports from Thailand.
2.Loan Growth LOW.
3.Govt share in IOB to rise, by 5% to 74,by capital infusion,of Rs 1000 Crores,to meet Basel III norms. 

Sensex      ;               -317;         19325 
vix[fear index]:-     
India  -                                   16.94;+ 1.34;+ 8.59 %
Institutional Buying:-        
 i)Foreign  Rs  Crores      -         +1214
ii)Indian    " "                  -           -229   
BDI   $                                      737;+2;+0.27%
                                              
Sharp fall below  200 DMA of  886.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed..
BDI unable to breach the PREVIOUS TOP...........Very near the all-time low, reached not  long ago.
GLOBAL ECONOMY  in trouble.Fiscal Deficits and Debts  of many nations,ARE VERY HIGH.
2015:-Bond Redemption of the Nations having the HIGHEST Debts,led by Japan.HUGE QEs expected.Currencies will crumble.Commodities will dominate.Land too. 
Gold       1576 $/US Oz ;                  Rs   29759 / 10 grams[MCX]
[ CME reduces margins in Gold($ 1700 per contract),Silver about $4300 per contract,Silver and  Copper($500),on 16/11/2012.
Shorting Gold and Silver are,reportedly,aided by the various Agencies,and turn a blind eye or look the other way. ]
Silver      921 $/kg  ;                      Rs      54062 /Kg [MCX}
Copper   3.5495 $/lb    
CCI or Reuters CRB Index US $ 293.13
Brent Crude    113.69  $/bbl  
----------------------
Crude Oil (Indian Basket 20/2/2013
-     In US Dollar ($/bbl) 113.50 
-    In  Rs   (`/bbl)          6134.68  
-     last fortnight      "   "         6093.79[February 1 st to 15 th,2013]
Exchange Rate  (`/$) 54.05
----------------------
US  Dollar Index 81.37 
 Rs    V Dollar          54.47
The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production -stood at 53.2 in January,2013. after hitting a six month high level of 54.7 in December. It stood at 53.7 in November.
Above 50 indicates growth.Applies only for production,but NOT Utilities.
Nifty Futures [Monthly]      2 points  , DISCOUNT,21/2/2013
P/C  NIFTY-       0.81

Will be updated....

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