2 G spectrum was a planned “FAILURE” to discredit the CAG,as per Industrial Sources.An excerpt from the link above:-

Industry watchers say that the auction was designed to flop, which has probably given the Government a chance to defend its 2008 policy. Although Sibal has repeatedly said that the Government does not want to settle any score with anyone, sources in the Government indicated that voices have already started discrediting the auction process as suggested by the CAG.”

Sensex -148  ;          18471

vix[fear index]:-

-India  –       15.53;+0.62;+4.15%

Institutional Buying:-      

i)Foreign Rs Crores      –       +46  

ii)Indian    ” ”                  –         -382

BDI   $  1024;+13;1.29%;    ABOVE 200 DMA of 902,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       1716  $/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     1048 $/kg

Copper   3.4562 $/lb  

Reuters CRB Index US $ 292.84  

Brent Crude    107.70  $/bbl

———————-

Crude Oil (Indian Basket  14/11/2012

–     In US Dollar ($/bbl) 106.75

–    In Indian Rupees (`/bbl) 5863.78

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

Exchange Rate  (`/$) 54.93

———————-

US Dollar Index 81.04

Re V Dollar          54.70

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]  16.60 points , PREMIUM,15/11/2012

P/C  NIFTY 0.87

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