6/3/2013

1.UCO Bank to get Capital Infusion, of Rs 681 Crores,in the slow march towards Basel III,2017/2018.
Punjab National Bank, Rs 1248 Crores and Bank Of India Rs 809 Crores, capital infusion.
From the above link:-
"The exercise is part of the Rs 12,517 crore capital infusion plan announced by the government in January. Last year, PNB got capital infusion of Rs 1,285 crore. The government infused about Rs 20,117 crore in public sector banks during 2010-11, and Rs 12,000 crore in 2011-12."
2.GST:80% agreement,between Centre and the States 
3.CAG Report On Farm Loan Waiver:-RBI seeks information on action taken by Banks.

Sensex      ;               +109;         19253 [Manpulation.DII sales more than FII purchase.Short covering?]

vix[fear index]:-     

India  -                               13.40;+ 0.01;+ 0.07 %

Institutional Buying:-        

 i)Foreign  Rs  Crores      -         +524

ii)Indian    " "                  -           -600   

BDI   $                                      820;+14;+1.71% 

                                              

Sharp fall below  200 DMA of  870.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   29600 / 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      924 $/kg  ;                      Rs      55051 /Kg [MCX}

Copper   3.4820 $/lb    

CCI or Reuters CRB Index US $ 289.84

Brent Crude    111.06  $/bbl

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Crude Oil (Indian Basket 5/3/2013

-     In US Dollar ($/bbl) 107.19 

-    In  Rs   (`/bbl)          5857.93  

-     last fortnight      "   "         6033.84[February 16 th to 28th,2013]

Exchange Rate  (`/$) 54.65

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US  Dollar Index 82.50 

 Rs    V Dollar          54.80

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 28 points  , PREMIUM,6/3/2013

P/C  NIFTY-       1.16

Will be updated.....