Money Tree

GLOBAL MARKETS

US Markets

The US Markets closed almost flat yesterday.

Dow Jones closed at 13362.87 up 53.80 points or 0.40 percent
Nasdaq Composite closed at 2576.34 up 4.59 points or 0.18 percent.

Europian Markets

The Europian Markets also closed flat yesterday.

FTSE (UK) closed at 6549.60 down 0.80 points or 0.01% .
DAX (Germany) closed at 7475.90 up 33.79 points or 0.45%
CAC (France) closed at 6051.63 up 17.38 points or 0.29%

Asian Markets

The Asian markets closed mixed yesterday.

NIKKI(JAPAN) closed at 17748.12 up 91.28 points.
HANG SENG (HONG KONG) closed at 20844.78 up 138.43 points.
KOSPI (SOUTH KOREA) closed at 1593.42 up 10.77 points.
STRAITS TIMES (SINGAPORE) closed at 3452.72 up 13.51 points.
SENSEX (INDIA) closed at 13781.00 down 16.05 or 0.12%.
NIFTY (INDIA) closed at 4079.30 up 02.30 or 0.06%.
BSE midcap closed at 5792.15 up 12.33 or 0.21%.
BSE smallcap closed at 6918.60 down 20.65 or 0.30%.

FOREX

USD/ INR 40.96
USD/ JPY 120.02

GOLD (MCX)

9115/ 10gm

CRUDE

$61.63/ Bb

Today’s Market outlook

Yesterday we recovered from the lows of the day and 4050 played a strong support for NIFTY. Today with negligible global cues we expect our markets to open with yesterday’s closing trend, i.e. the markets should open positive and NIFTY should take out 4100 during the day.