Tuesday, December 10, 2013

11/12/2013

1.CERC draft norms to remove "tax" on the Customers by NTPC.
NHPC,Sutlej Vidyut Nigam to be adversely affected by efficiency factors[Plant Load factor].
     In another news,the Sate Electricity Boards staring with the UP one,have started paying the Power Cos,after financial [debt], restructuring and getting Rs 11,000 Crores.
2.US Federal Reserve and FDIC allow "double-speak" Volcker Rule.That is,this rule allows market making and hedging,and bans proprietary trading at the same time,misusing "double-speak"!Volcker Rule A DUD.
  But, it will restrict compensation for employees,thus discouraging risky trade[r]s.
3.Debt switch of Indian Bonds from the second half of next year.The Central Government will buy and sell Bonds and not the RBI.
4.J P Morgan applies for a patent similar BitCoin payment system.
Sensex   -84 ; 21171   
Nifty Futures [Monthly]     points  Premium .//2013
P/C  1.15
vix[fear index]:-               
India                   17.54 -0.44 -2.45 %
Foreign    D/M/Y :-    Rs Crores -       +963
Indian        Rs Crores :-                          -842               
BDI   $           2299+62'+2.77% ABOVE  200 DMA of 1251.89     
Gold       1252 $/US Oz   Rs 29460/ 10 grams .5% Premium in India,for small lots.
 [CME has reduced Margins for Gold,Silver and Copper contracts on 15/11/2012]
Silver    653  $/kg      Rs 45730 / Kg [in India PHYSICAL Silver at about 10% premium,in India,in small lots] 
Copper   3.2744   $/Lb
Reuters CRB Index US $  281.02
Brent Crude    109.71  $/bbl      [43% Indian Crude basket] [MANIPULATION by the vested interests]
Oman Dubai Crude   [57%R Indian Crude basket]
----------------------
Crude Oil (Indian Basket)  10/12/2013
-     In US Dollar ($/bbl)   107.65
-     In Indian Rupees (`/bbl)      6589.26  
 last fortnight      "   "          6765.41 [November 16th to 30th, ,2013]
Exchange Rate  (`/$)  61.21
----------------------
US Dollar Index  79.91
Rupee V the US Dollar          61.42


India's 10 year Bond Yeild 8.84%
10 year US Treasury Yield 2.86% ;+0.05% 

BitCoin $ 854 at 1253 Hrs IST 11/12/2013.

November 2013 Services sector HSBC PMI at 47.2 compared to 47.1 in October.

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