Monday, February 25, 2013

25/2/2013

1.SEBI to probe mid-caps crash,today.
2.As per Equitymaster site,interest cover of India inc,has fallen from about 5.9 to 2.7.That is, financial weakness.
3.China HSBC "flash PMI" falls from 52.3 to 50.4.
4. Deustche Bank,in Derivatives scandal Accused of rigging up,food prices.
5.CCI to act against Auto Majors.
6.Effects of Italian Elections:-
i)Dow [by about 100 points], and Euro fall.The US Dollar rises against the Euro and BP.
ii)Hung Parliament predicted.New Election expected in a few months.
iii)Hence a Sensex      ;               +15;         19332 
vix[fear index]:-     
India  -                                 16.73; -0.06; -0.36 %
Institutional Buying:-        
 i)Foreign  Rs  Crores      -         +247
ii)Indian    " "                  -           -162   
BDI   $                                      743;+3;+0.40%
Sharp fall below  200 DMA of  882.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       1593 $/US Oz ;                  Rs   29744 / 10 grams[MCX]
[ CME reduces margins in Gold($ 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      925 $/kg  ;                      Rs      53872 /Kg [MCX}
Copper   3.5473 $/lb    
CCI or Reuters CRB Index US $ 293.81
Brent Crude    113.47  $/bbl  
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Crude Oil (Indian Basket 22/2/2013
-     In US Dollar ($/bbl) 110.88 
-    In  Rs   (`/bbl)          6035.20  
-     last fortnight      "   "         6093.79[February 1 st to 15 th,2013]
Exchange Rate  (`/$) 54.43
----------------------
US  Dollar Index 81.87 
 Rs    V Dollar          54.06
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]      about 30 points  , PREMIUM,25/2/2013
P/C  NIFTY-       0.80

Will be updated

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