Sunday, March 10, 2013

11/3/2013

1.NPA of PSU Banks about 42%[about Rs 1.83 Lakh Crores].
2.Coca-Cola tries to be smart in preference shares issue[extension]
3.Norway's Sovereign Wealth Fund,avoids,developed economies  misusing QEs. Invests in Russia,Taiwan and Turkey.


Sensex      ;               -37;         19646
vix[fear index]:-     
India  -                           14.25;+ 0.91;+ 6.82 %
Institutional Buying:-        
 i)Foreign  Rs  Crores      -         +988
ii)Indian    " "                  -           -787   
BDI   $                                      847;;+4;+0.47% 
Sharp fall below  200 DMA of  871.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       1583 $/US Oz ;                  Rs   29321 / 10 grams[MCX]
[ CME reduces margins in Gold($ 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      932 $/kg  ;                      Rs      54593 /Kg [MCX}
Copper   3.51 $/lb    
CCI or Reuters CRB Index US $ 294.73
Brent Crude    109.55  $/bbl                 [43% in Indian Crude basket]
Oman Dubai Crude price $ 106.11/bbl [57% in  ndian Crude basket]
Indian Crude Basket as per the above $107.94/bbl [8/3/2013]
----------------------
Crude Oil (Indian Basket 7/3/2013
-     In US Dollar ($/bbl) 107.58 
-    In  Rs   (`/bbl)          5888.93  
-     last fortnight      "   "         6033.84[February 16 th to 28th,2013]
Exchange Rate  (`/$) 54.74
----------------------
US  Dollar Index 82.68 
 Rs    V Dollar          54.28
The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production -stood at 54.2 in February, . after hitting a six month high level of 53.2 in January,2013. It stood at 53.7 in November.
Above 50 indicates growth.Applies only for production,but NOT Utilities.
The HSBC services Purchasing Managers' Index, based on a survey of around 400 companies, fell to 54.2 in February from a one-year high of 57.5 in January. It was the biggest one-month fall in nearly a year.
Nifty Futures [Monthly]       about 8.8 points  , PREMIUM,11/3/2013
P/C  NIFTY-       1.49



Will be updated........

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