India’s monthly,Trade Deficit widens to $21 Billion from the average $16 Billion.

 

Sensex  -13;          18671

vix[fear index]:-

-India  –       14.37;+0.15;+1.05%

Institutional Buying:-      

i)Foreign Rs Crores      –          -230

ii)Indian    ” ”                  –          -121

BDI   $  965;-+25;2.66%;    ABOVE 200 DMA of 898,Below 200 EMA of 1010,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       1721  $/US Oz  [Higher margin requirements for gold trades, were announced Friday (4/5/2012)by the CME Group.Bankers who short Gold and Silver are,reportedly,aided by the various Agencies,and turn a blind eye or look the other way. ]

Silver     1042 $/kg

Copper   3.4365 $/lb  

Reuters CRB Index US $ 292.15    

Brent Crude    107.77  $/bbl

———————-

Crude Oil (Indian Basket  9/11/2012

–     In US Dollar ($/bbl) 106.09

–     In Indian Rupees (`/bbl) 5764.93

–     last fortnight      ”   ”         5834.22[October 16 th to 31st,2012]

Exchange Rate  (`/$) 54.34

———————-

US Dollar Index 81.17

Re V Dollar          54.97

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]  31.20 points , PREMIUM,12/11/2012

P/C  NIFTY 1.09

 

To be continued……

 

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