1.UPA misuses LIC in Divestment of PSU Cos.
2.Glass-Steagall Act is correct and can bring in strong regulation.
3.HPCL's proposed Refinery in Barmer:-
i)Capital Expenditure Rs 37230 Crores
ii)Capacity 9 MMTA
iii)Commissioning period 4 tears.
iv)Rajasthan Government 26% stake
4.PFRDA allows lumpsum withdrawals.
Sensex ; +208; 19571
vix[fear index]:-
India - 14.66; -1.54; -9.51 %
Institutional Buying:-
i)Foreign Rs Crores - +607
ii)Indian " " - -829
BDI $ 880;+5;+0.57%
Crosses 1nd Above 200 DMA of 867,but still low.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed.
GLOBAL ECONOMY in trouble,DUE TO LOW BDI.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 1592 $/US Oz ; Rs 29399 / 10 grams[MCX]
[ CME reduces margins in Gold($ 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 928 $/kg ; Rs 54285 /Kg [MCX}
Copper 3.5343 $/lb
CCI or Reuters CRB Index US $ 296.26
Brent Crude 109.38 $/bbl [43% in Indian Crude basket]
Oman Dubai Crude price $ 104.17/bbl [57% in ndian Crude basket];15/3/2013 0815 Hrs IST
Indian Crude Basket as per the above $106.86/bbl [14/3/2013 One day Lag possible,hence approximate.Pl see previous day's Brent price to get the exact one]
----------------------
Crude Oil (Indian Basket 13/3/2013
- In US Dollar ($/bbl) 106.11
- In Rs (`/bbl) 5741.61
- last fortnight " " 6033.84[February 16 th to 28th,2013]
Exchange Rate (`/$) 54.11
----------------------
US Dollar Index 82.55
Rs V Dollar 54.21
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 31 points , PREMIUM,14/3/2013
P/C NIFTY- 1.46
Will be updated....
2.Glass-Steagall Act is correct and can bring in strong regulation.
3.HPCL's proposed Refinery in Barmer:-
i)Capital Expenditure Rs 37230 Crores
ii)Capacity 9 MMTA
iii)Commissioning period 4 tears.
iv)Rajasthan Government 26% stake
4.PFRDA allows lumpsum withdrawals.
Sensex ; +208; 19571
vix[fear index]:-
India - 14.66; -1.54; -9.51 %
Institutional Buying:-
i)Foreign Rs Crores - +607
ii)Indian " " - -829
BDI $ 880;+5;+0.57%
Crosses 1nd Above 200 DMA of 867,but still low.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed.
GLOBAL ECONOMY in trouble,DUE TO LOW BDI.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 1592 $/US Oz ; Rs 29399 / 10 grams[MCX]
[ CME reduces margins in Gold($ 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 928 $/kg ; Rs 54285 /Kg [MCX}
Copper 3.5343 $/lb
CCI or Reuters CRB Index US $ 296.26
Brent Crude 109.38 $/bbl [43% in Indian Crude basket]
Oman Dubai Crude price $ 104.17/bbl [57% in ndian Crude basket];15/3/2013 0815 Hrs IST
Indian Crude Basket as per the above $106.86/bbl [14/3/2013 One day Lag possible,hence approximate.Pl see previous day's Brent price to get the exact one]
----------------------
Crude Oil (Indian Basket 13/3/2013
- In US Dollar ($/bbl) 106.11
- In Rs (`/bbl) 5741.61
- last fortnight " " 6033.84[February 16 th to 28th,2013]
Exchange Rate (`/$) 54.11
----------------------
US Dollar Index 82.55
Rs V Dollar 54.21
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 31 points , PREMIUM,14/3/2013
P/C NIFTY- 1.46
Will be updated....
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