M M Singh’s under-recoveries claims[by the OMCs],exposed, by THE INDUSTRY ITSELF….self goal……in Domestic NG pricing based on an average of the USA,Europe and Japan!!!

        The Industry’s argument can be extended to the under-recoveries,claimed by the OMCs.

Printing of Notes and hence Bullish Stock Markets,in. Japan,the USA,the Nordic nations,lead.EU and Latin America lag….perhaps M M Singh may follow suit.

 

December 2012 PMI better.

Sensex      ;               +133;          19714

vix[fear index]:-

India  –                               13.71;+ 0.02;+ 0.15 %

Institutional Buying:-

i)Foreign  ₹  Crores      –         +1108

ii)Indian    ” ”                  –          -417

BDI   $                                             698;-1; -0.14%

Sharp fall below  200 DMA of 931,.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed..

BDI unable to breach the PREVIOUS TOP………..Very near the all-time low, reached not  long ago.

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       1686 $/US Oz ;’                   ₹   31027 / 10 grams[MCX]

[ 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      997 $/kg  ;                      ₹      58753 /Kg [MCX}

Copper   3.7008 $/lb

CCI or Reuters CRB Index US $ 295.01

Brent Crude    112.33  $/bbl

———————-

Crude Oil (Indian Basket  31/12/2012

–     In US Dollar ($/bbl) 108.46

–    In  ₹   (`/bbl)    5941.44

–     last fortnight      ”   ”         5912.79[December 16 th to 31 st,2012]

Exchange Rate  (`/$) 54.78

———————-

US Dollar Index 79.66 [Massive QE .Interest rate kept “NEAR ZERO” by the US Federal Reserve,on 12/12/2012]

US  Dollar Index 79.83

₹    V Dollar          54.23

HSBC Markit Purchasing Manger’s Index,rose, to 54.7 in December,last year,against 53.7 in November.

Above 50 indicates growth.Applies only for production,but NOT Utilities.

Nifty Futures [Monthly]     41 points , PREMIUM,2/1/2013

P/C  NIFTY-       1.19

 

Will be updated…….

 

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