1.UPA reduces tax on import of Gold and Silver,by about 5% each[Now around 12.5% each]
2.SBI CEO warns of tough times ahead due to NPAs.Says at least 2 Qs of uptick in GDP,are required for the situation to improve.That means problems for Banks at least for 6 months,if GDP picks up in the meantime.Else MORE time,required for the situation to improve.
3.German Constitutional Court rules that ECB does not have the right to QEs [OMT,outright Market Transactions] like that of the US Federal Reserve,when it impinges on the Sovereignty of the Bundesbank or BUBA and member States.
In essence,this means,ECJ cannot overrule this,[ruling of the GCC].
Sensex +174 ; 20367
VIX India 16.66 ;-1.14; -6.40 % [Should be below 50]
Institutional Investors In Stock Rs Crores
FII -16
DII -45
FII in Nifty Futures Rs Crores -103
Nifty Premium about 13 points expiry date 26/2/2014 and 47 for 27/3/2014
Nifty P/C 1.23
Gold 1319/ US Oz; MCX 29375 / 10 grams 5% premium for small lots in India
Silver $ 691 / Kg , Rs 46613 / Kg Premium 6% in India for small lots as on 15/11/2013.
Copper $ 3.2445 /Lb
Platinum US $ 45751/KG
Palladium US $ 23631/Kg
THAT IS,PHYSICAL GOLD HAS DEMAND AND HENCE THE LOW PRICE SHOWS MANIPULATION MISUSING THE DERIVATIVES,BY THE VESTED INTERESTS.
BDI $ 1106;;+9;+0.82%; BELOW 200 DMA 1390.25
Reuters CRB Index $ 293.24
Natural gas US $ /million Btu or $/mm Btu 5.24 [about Rs 324/mm Btu]
Brent $108.73/bbl [US unemployment data!!!Manipulated to be higher.Gold,Silver and Copper suppressed.Fair price US $ 95/bbl.Kept higher for LNG Marketeers to profit]
India's 10 Year Bond Yield 8.809% on 14/2/2014;[ Gsec 8.84%.1 year ago 8.12%]
US 10 Year Treasury Yield 2.75%;+0.027%
----------------------
Indian Crude Basket 13/2/2014
$/bbl 106.06
Rs/bbl 6604.38
At Rupee V Dollar 62.27
Last Fortnight 30th January, to 13th February, 2014; Rs 6557.05
--------------------------
US Dollar Index 80.15
Re V US Dollar 61.85
BitCoin $ 654 at `1111 Hrs IST 16/2/2014
HSBC PMI rises from 50.7 in December 2013, against 51.4 in January 2014
Below 50 is bad.
The HSBC/Markit purchasing managers index for the services industry inched up to,48.3 in ,January 2014,against 46.7 in December, 2013,the sixth successive monthly contraction of service sector output across India.
Will be updated.........
2.SBI CEO warns of tough times ahead due to NPAs.Says at least 2 Qs of uptick in GDP,are required for the situation to improve.That means problems for Banks at least for 6 months,if GDP picks up in the meantime.Else MORE time,required for the situation to improve.
3.German Constitutional Court rules that ECB does not have the right to QEs [OMT,outright Market Transactions] like that of the US Federal Reserve,when it impinges on the Sovereignty of the Bundesbank or BUBA and member States.
In essence,this means,ECJ cannot overrule this,[ruling of the GCC].
Sensex +174 ; 20367
VIX India 16.66 ;-1.14; -6.40 % [Should be below 50]
Institutional Investors In Stock Rs Crores
FII -16
DII -45
FII in Nifty Futures Rs Crores -103
Nifty Premium about 13 points expiry date 26/2/2014 and 47 for 27/3/2014
Nifty P/C 1.23
Gold 1319/ US Oz; MCX 29375 / 10 grams 5% premium for small lots in India
Silver $ 691 / Kg , Rs 46613 / Kg Premium 6% in India for small lots as on 15/11/2013.
Copper $ 3.2445 /Lb
Platinum US $ 45751/KG
Palladium US $ 23631/Kg
THAT IS,PHYSICAL GOLD HAS DEMAND AND HENCE THE LOW PRICE SHOWS MANIPULATION MISUSING THE DERIVATIVES,BY THE VESTED INTERESTS.
BDI $ 1106;;+9;+0.82%; BELOW 200 DMA 1390.25
Reuters CRB Index $ 293.24
Natural gas US $ /million Btu or $/mm Btu 5.24 [about Rs 324/mm Btu]
Brent $108.73/bbl [US unemployment data!!!Manipulated to be higher.Gold,Silver and Copper suppressed.Fair price US $ 95/bbl.Kept higher for LNG Marketeers to profit]
India's 10 Year Bond Yield 8.809% on 14/2/2014;[ Gsec 8.84%.1 year ago 8.12%]
US 10 Year Treasury Yield 2.75%;+0.027%
----------------------
Indian Crude Basket 13/2/2014
$/bbl 106.06
Rs/bbl 6604.38
At Rupee V Dollar 62.27
Last Fortnight 30th January, to 13th February, 2014; Rs 6557.05
--------------------------
US Dollar Index 80.15
Re V US Dollar 61.85
BitCoin $ 654 at `1111 Hrs IST 16/2/2014
HSBC PMI rises from 50.7 in December 2013, against 51.4 in January 2014
Below 50 is bad.
The HSBC/Markit purchasing managers index for the services industry inched up to,48.3 in ,January 2014,against 46.7 in December, 2013,the sixth successive monthly contraction of service sector output across India.
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