Sensex +131 ; 18461[Shorting and LIC being 'asked' to buy 30% PSU shares violating IRDA guidelines]
-India – 15.45;-0.35;-0.2.21%
i)Foreign Rs Crores – +183
ii)Indian ” ” – -133
BDI $ 1073; ABOVE 200 DMA of 911,but too low.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed..
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 1730 $/US Oz [ CME reduces margins in Gold($ 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 1068 $/kg
Copper 3.4809 $/lb
Reuters CRB Index US $ 297.59
Brent Crude 110.75 $/bbl
Crude Oil (Indian Basket 20/11/2012
- In US Dollar ($/bbl) 109.64
- In Indian Rupees (`/bbl) 6020.332
- last fortnight ” ” 5797.53[November 1 st to 15th,2012]
Exchange Rate (`/$) 54.91
US Dollar Index 80.90
Re V Dollar 55.11
HSBC Markit Purchasing Manger’s Index,was 52.9,in October,compared to 52.8, in September,2012
Above 50 indicates growth.Applies only for production,but NOT Utilities.
Nifty Futures [Monthly] 5.15 points , DISCOUNT,21/11/2012
P/C NIFTY 1.03
To be continued…….