Thursday, February 28, 2013

28/2/2013

1.Annual tax concessions to the rich is quite huge from 2008.
2.India's 2013/14 Budget.
Full TEXT of the Budget 2013/2014.
3.December,2012 Quarter GDP 4.5% growth.
4.EU Bankers' Bonus capped at TWICE the FIXED pay.Still it'll be very HIGH.

Sensex      ;               -291;         18862 
vix[fear index]:-     
India  -                                 14.86;-1.37; -8.44 %
Institutional Buying:-        
 i)Foreign  Rs  Crores      -         -1318
ii)Indian    " "                  -           +418   
BDI   $                                      757;+12;+1.62% [745 on 27/2/2012]
Sharp fall below  200 DMA of  879.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       1580 $/US Oz ;                  Rs   29555 / 10 grams[MCX]
[ CME reduces margins in Gold($ 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      917 $/kg  ;                      Rs      53230 /Kg [MCX}
Copper   3.561 $/lb    
CCI or Reuters CRB Index US $ 293.59
Brent Crude    111.07  $/bbl [US Dollar strong]  
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Crude Oil (Indian Basket 26/2/2013
-     In US Dollar ($/bbl) 110.17 
-    In  Rs   (`/bbl)          5955.79  
-     last fortnight      "   "         6093.79[February 1 st to 15 th,2013]
Exchange Rate  (`/$) 54.06
----------------------
US  Dollar Index 81.93 
 Rs    V Dollar          54.365
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]       25.80 points  , PREMIUM,27/2/2013
P/C  NIFTY-       1.10

Will be updated....

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