30/5/2013

Crude lower due to:-
1.Bernanke's admission that QE may be reduced.
2.China's economy not upto the mark.
3.OPEC would like to keep the price of Brent Crude, at $100/bbl 
Sensex  +68 ;  20215  
Nifty Futures [Monthly]    about 4 points  Discount,30/5/2013
P/C  1.24
vix[fear index]:-
India                          16.04 ;-1.82; -10.19 %                                       
Foreign    D/M/Y :-    Rs Crores -      +767    
Indian        Rs Crores :-                         -316
BDI   $           811;  -7;  -0.86%;BELOW  200 DMA of 840.62.        
BDI is unable to pierce the previous top.
Shipping,GLOBAL ECONOMY and Markets in trouble.
Gold       1412 $/US Oz   Rs 27158 / 10 grams { Manipulation as Crude price ONLY is going up on a weak Dollar but others fall,especially Gold and Silver to some extent.Big Oil and "THE" Bankers?]
 [CME has reduced Margins for Gold,Silver and Copper contracts on 15/11/2012]
Silver     731  $/kg      Rs 44421 / Kg [in India PHYSICAL Silver at about 10% premium] 
Copper   3.2879 $/lb  
Reuters CRB Index US $  283.76
Brent Crude    102.19  $/bbl      [43% Indian Crude basket]
Oman Dubai Crude   [57%R Indian Crude basket]
----------------------
Crude Oil (Indian Basket) 29/5/2013
-     In US Dollar ($/bbl) 101.19
-     In Indian Rupees (`/bbl)   5690.93
-     last fortnight      "   "          5497.73  [May    1st to 15 th, ,2013]
Exchange Rate  (`/$) 56.24
----------------------
US Dollar Index  83.08
Re V Dollar          56.38
The HSBC manufacturing Purchasing Managers' Index (PMI) , compiled by Markit, 54.2 in February,2013,against 53.2 in January, 2012.In January, the PMI reading was 57.5.
The HSBC services Purchasing Managers' Index (PMI), based on a survey of around 400 companies, fell to 54.2 in February from January,2013, 57.5.
Above 50 indicates growth.