Money Tree

GLOBAL MARKETS

US Markets

The US Markets closed flat yesterday.

Dow Jones closed at 13424.96 up 0.57 points.
Nasdaq Composite closed at 2572.15 down 1.39 points or 0.05 percent.

Europian Markets

The Europian Markets rallied to post about 1 percent gains yesterday.

FTSE (UK) closed at 6567.50 up 62.40 points or 0.96% .
DAX (Germany) closed at 7706.10 up 115.60 points or 1.52%
CAC (France) closed at 5940.09 up 56.80 points or 0.97%

Asian Markets

The Asian markets also closed positive yesterday.

NIKKEI(JAPAN) closed at 17834.48 up 55.39 points. .
HANG SENG (HONG KONG) closed at 20615.49 up 106.34 points.
KOSPI (SOUTH KOREA) closed at 1716.56 down 10.72 points.
STRAITS TIMES (SINGAPORE) closed at 3545.46 up 53.87 points.
SENSEX (INDIA) closed at 14083.41 up 19.6 points.
NIFTY (INDIA) closed at 4145.60 up 0.6 points.

FOREX

USD/ INR 40.75
EUR/ USD 01.33
USD/ JPY 121.74

GOLD (MCX)

8784 / 10gm

CRUDE
$65.78/ Bb

Today’s Market outlook

Yesterday after opening strong and inspite of good global cues around us, our markets could not manage to hold the gains of the morning. We expect that the trend of yesterday’s last one hour will continue and the markets will remain flat and range bound. 4250 is the crucial level for NIFTY which the bulls would like to defend and 4225 will come as a good support.