Money Tree

GLOBAL MARKETS

US Markets

The US markets closed mixed on Wednesday.

Dow Jones closed at 14078.69 down 85.84 points or 0.61 percent.
Nasdaq Composite closed at 2811.61 up 7.70 points or 0.27 percent.

Europian Markets

The Europian markets also closed mixed on Wednesday.

FTSE (UK) closed at 6633.00 up 17.60 points or 0.27%.
DAX (Germany) closed at 7986.57 up 6.13 points or 0.08%
CAC (France) closed at 5838.49 down 23.44 points or 0.40%.

Asian Markets

The Asian markets except Straits Times closed positive on Wednesday.

NIKKEI(JAPAN) closed at 17177.89 up 17.99 points.
HANG SENG (HONG KONG) closed at 28569.33 up 341.29 points.
KOSPI (SOUTH KOREA) closed at 2041.12 up 26.99 points.
STRAITS TIMES (SINGAPORE) closed at 3814.45 down 51.3 points.
Composite Index (CHINA) Closed at 5771.464 up 55.572 points.
SENSEX (INDIA) closed at 18658.25 up 378.01 points.
NIFTY (INDIA) closed at 5441.45 up 114.2 points.

FOREX

USD/ INR 39.31
EUR/ USD 01.41
USD/ JPY 117.080

GOLD

9480/ 10gm

CRUDE

$81.30/ Bbl

Today’s Market outlook

The Infosys results are out today and there are no positive surprises. The net profit is up 1.9 percent (Q on Q) and total revenue is up 8.8 percent (Q on Q). The stock has seen a run up in the last 10 days on hopes of some good infosys results. The company has not delivered the desired numbers and we may see some correction in the stock prices taking it back to below Rs. 2000 levels.
The markets in last two sessions have again shown renewed strength and it seems that they have enough fuel to take the Sensex beyond 20000 levels by the end of this calender year. Yesterday the US markets have closed mixed and the Asian markets have opened positive today morning, we expect a good positive opening, however, infosys and other tech stocks may bring the markets down and some profit booking may also be seen at higher levels.