Money Tree

GLOBAL MARKETS

US Markets

The US Markets closed in the green on Monday.

Dow Jones closed at 13649.97 up 38.29 points or 0.28 percent.
Nasdaq Composite closed at 2670.02 up 3.51 points or 0.13 percent .

Europian Markets

The Europian Markets also ended in the green on Monday.

FTSE (UK) closed at 6712.70 up 22.60 points or 0.34%. .
DAX (Germany) closed at 8077.39 up 29.07 points or 0.36%
CAC (France) closed at 6104.66 up 1.97 points or 0.03%.

Asian Markets

The Asian markets also posted good gains on Monday.

NIKKEI(JAPAN) closed at 18261.98 up 121.04 points.
HANG SENG (HONG KONG) closed at 22817.43 up 285.69 points.
KOSPI (SOUTH KOREA) closed at 1883.59 up 22.58 points.
STRAITS TIMES (SINGAPORE) closed at 3626.72 up 64.76 points.
Composite Index (CHINA) Closed at 3883.21 up 101.87 points.
SENSEX (INDIA) closed at 15045.73 up 81.61 points.
NIFTY (INDIA) closed at 4419.40 up 34.55 points.

FOREX

USD/ INR 40.41
EUR/ USD 01.36
USD/ JPY 123.40

GOLD

8754/ 10gm

CRUDE

$72.19/ Bb

Today’s Market outlook

Yesterday the Sensex closed above 15000 levels and the NIFTY closed above 4400 levels and this has happened just a day before the announcement of quarterly results by Infosys. The rally is becoming more and more broad based with more sectors participating in but it could only be sustained if backed by strong financials announced by the corporates and most of the sectors except IT and Autos are expected to prduce good numbers, but if the IT sector comes out with a positive surprise, it may give a further push to the markets. Today the Asian markets have opened almost flat with a positive bias, we expect our markets to trade in a narrow range for the day with some consolidation.