Stock Market Tips for 10th December 2007

December 10th, 2007 by Analyst

GLOBAL MARKETS

US Markets

The US markets closed flat on Friday.

Dow Jones closed at 13625.58 up 5.69 points or 0.04 percent.
Nasdaq Composite closed at 2706.16 down 2.87 points or 0.11 percent.

Europian Markets

The Europian markets closed in the green on Friday.

FTSE (UK) closed at 6554.90 up 69.30 points or 1.07%.
DAX (Germany) closed at 7994.07 up 53.49 points or 0.67%
CAC (France) closed at 5718.75 up 44.99 points or 0.79%.

Asian Markets

The Asian markets closed in the green on Friday.

NIKKEI(JAPAN) closed at 15956.37 up 82.29 points.
HANG SENG (HONG KONG) closed at 28842.47 down 716.45 points.
KOSPI (SOUTH KOREA) closed at 1934.32 down 18.85 points.
STRAITS TIMES (SINGAPORE) closed at 3557.95 up 5.4 points.
Composite Index (CHINA) Closed at 5091.756 up 56.683 points.
SENSEX (INDIA) closed at 19966.00 up 170.13 points.
NIFTY (INDIA) closed at 5974.3 up 19.6 points.

FOREX

USD/ INR 39.41
EUR/ USD 01.46
USD/ JPY 111.570

GOLD

10215/ 10gm

CRUDE

$88.28/Bbl

Today’s Market outlook

No great global cues for us today. The markets may see some profit booking in the morning. The stocks to watch are Pyramid retail and Indiabulls Real estate on the news of a buyout of Pyramid retail by Indiabulls real estate.

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