Money Tree

GLOBAL MARKETS

US Markets

The US Markets closed negative with Dow down about 1 percent.

Dow Jones closed at 13215.13 down 147.74 points or 1.11 percent
Nasdaq Composite closed at 2533.74 down 42.60 points or 1.65 percent.

Europian Markets

The Europian Markets closed flat with a negative bias.

FTSE (UK) closed at 6524.10 down 25.50 points or 0.39% .
DAX (Germany) closed at 7415.33 down 60.66 points or 0.81%
CAC (France) closed at 6012.76 down 38.87 points or 0.64%

Asian Markets

The Asian markets also closed negative with Nikkei down about 1 percent.

NIKKI(JAPAN) closed at 17520.46 down 216.51 points or 1.22%.
HANG SENG (HONG KONG) closed at 20746.01 down 98.51 points or 0.47%.
KOSPI (SOUTH KOREA) closed at 1586.92 down 12.76 points or 0.80%.
STRAITS TIMES (SINGAPORE) closed at 3469.26.
SENSEX (INDIA) closed at 13771.23 down 10.28 or 0.07%.
NIFTY (INDIA) closed at 4066.80 down 12.50 or 0.31%.

FOREX

USD/ INR 41.42
USD/ JPY 119.91

GOLD (MCX)

9011/ 10gm

CRUDE

$61.85/ Bb

Today’s Market outlook

The overall global cues are negative and technically also our markets seem to have topped out at these levels and seem to have moved in a correction phase. Yesterday after opening strong we shed all the gains and closed in the red, today asia has opened negative with Nikkei down about 215 points, Straits Times down about 26 points and Taiwan down about 66 pints. We expect a gap down opening in the morning and the markets might not recover during the whole session.
4025 will play as a crucial support for NIFTY and if it is broken, then the NIFTY might slide below 4000 levels.