Posts tagged ‘Nifty’

Trend

This week the International and National trends are,quite surprising.

Global:-

1.The US and European  economies are in a bad shape.

2.The Rift between the White House and the Pentagon,seems to be in the open after Mr Robert Gates,reportedly,said that the USA will NEVER leave Afghanistan.This has taken many by surprise.

3.The USA is considering a Bill to punish nations that undervalue their currencies,China?

4.Roma:EU warns France

5.Emergency declared in Ecuador,as Rafael Correa is rescued by the soldiers from a Police Hospital where the Ecuadorian President was kept hostage,as a protest,reportedly,encouraged by the USA,(against some of whose firms,Signor Correa seems to have taken strict action),against the austerity measures.

6.This year gold will be anywhere from $1,450 to $1,650/Oz,as per Bob Chapman of The International Forecaster.

Indian:-

1.The much awaited Ram Jamabhoomi verdict was announced and no violence was observed.The Sunni Muslim,WAQF Board,has said that it will approach the Supreme Court Of India.The Shia Community in UP wants the verdict to stand and is trying to persuade the Sunni WAQF Board to accept the verdict,and  has also made a magnanimous offer of  Rs 15 Lakhs for the construction of Ram temple in Ayodhya.

2.RIL crude production from its KGD6 basin reduced by 29%,due to LESS pressure.The price of this stock may fall on 4/10/2010.Since RIL is an index heavyweight,the Sensex and the Nifty may also be affected,adversely.

3.More than 3800 Engineers join the SBI,as clerks,when India’s economy is supposed to be flourishing.Speaks volumes about the unemployment situation, in India.

4.CIA Chief meets P Chidambaram who,like Kapil Sibal, had part of his education in the Harvard University,a reported,front of the CIA.

5.Sterlite Industries gets a reprieve as a stay  on the stoppage of its Copper plant in Tuticorin,has been ordered by the Higher Court,against a lower Court decision.

6.Government Of India unable to access Blackberry messenger encrypted codes,though RIM Canada, has allowed access reportedly.India and many other West Asian nations fear that this can be misused by the Terrorists.

7.CWG open today.

Sensex +84 ; 18644 (8/9/2010)

Trouble in Telengana and Manipur.
FII Rs Crores D/M/Y:-20;+1651;+22945;DII +441;+122;-1689
bdi  2918;+42;+1.46% BELOW 200 DMA of 3017
gold 1255 $/Oz
silver 640 $/kg
Dr COPPER  3.4410 $/kg
us dollar index 82.71
Re v Dollar 46.70
crude  73.79 $/bbl
Reuters CRB Index   273.81(+1.04)
Nifty Futures discount/premium:- September 2010,18.95 points discount ; P/C 0.56,7/9/2010
PMI     55.5 for July,2010:dipped from 56.2;rate of growth slow;above 50 good for the economy.;India 57.25 from 57.6
Sensex   +84  ;       18644
VIX(Fear Index) :-
india 15.83;+0.61;+4.0%
usa 23.80;+2.49;+11.68%

Sensex -131 ; 18185 (25/8/2010)

Trouble in Telengana and Manipur.
M S Iyer,criticizes UPA’s economic policies.Read here.
Pharma Units buy out by MNCs wories Ministry.Read here
RBI says reforms have not increased productivity.Favours regulatory Autonomy,for itself,justifiably,so.Gross income for this Fiscal falls 46%.Says,Infaltion a concern.Worried by equity price rise.Read here here here here and here
India’s rotting grains.Read here
Pranab Mukherjee wants to steal the wealth of India’s middleclass,a la Wall Street.Wants EPF to be invested in Stock Markets.
IMF’s mischief.New World Currency proposed.Read here
Sops for exporters of textiles and capital goods.Here
India’s Tea production may suffer this year,due to pests.Read here.
Nifty may reach 5000.Read here
Harms of FDI.Read here
Wall Street exploits defaulted mortgages.Read here
George Soros at it again,Read here.
MMDR Act Amendment approved By Lok Sabha.Read here
For the nth time,”the US Economy is in trouble”.Read here.
Uganda invites India to invest in its farm land.Read here.
US Housing in trouble.Read here.
McDonalad’s the first to sell Yuan Bonds,in Hong Kong.Read here.
fii Rs Crores D/M/Y:,+663;+7028;+19263;DII -102;-3452;-1616
bdi  2773; BELOW 200 DMA of 3062
gold 1240 $/Oz
silver 610 $/kg
Dr COPPER  3.2589 $/kg
us dollar index 83.06
Re v Dollar 46.58
crude  72.86 $/bbl
Reuters CRB Index   261.8
Nifty Futures discount/premium:- September 2010,6.95 premium ; P/C 0.53
PMI     55.5 for July,2010:dipped from 56.2;rate of growing slow;above 50 good for the economy.
Sensex   -131  ;      18185
VIX  :
india 18.92;+2.22;+10.2%
usa 24.73;-0.76;-2.77%