Money Tree

GLOBAL MARKETS

US Markets

The US markets closed negative on Thursday.

Dow Jones closed at 14015.12 down 63.57 points or 0.45 percent.
Nasdaq Composite closed at 2772.20 down 39.41 points or 1.40 percent.

Europian Markets

The Europian markets closed positive on Thursday.

FTSE (UK) closed at 6724.50 up 91.50 points or 1.38%.
DAX (Germany) closed at 8033.69 up 47.12 points or 0.59%
CAC (France) closed at 5862.83 up 24.34 points or 0.42%.

Asian Markets

The Asian markets higher on Thursday.

NIKKEI(JAPAN) closed at 17458.98 up 281.09 points.
HANG SENG (HONG KONG) closed at 29133.02 up 563.69 points.
KOSPI (SOUTH KOREA) closed at 2058.85 up 17.73 points.
STRAITS TIMES (SINGAPORE) closed at 3875.77 up 61.32 points.
Composite Index (CHINA) Closed at 5913.23 up 141.766 points.
SENSEX (INDIA) closed at 18814.07 up 155.82 points.
NIFTY (INDIA) closed at 5524.85 up 83.4 points.

FOREX

USD/ INR 39.30
EUR/ USD 01.42
USD/ JPY 117.635

GOLD

9525/ 10gm

CRUDE

$83.08/ Bbl

Today’s Market outlook

The US markets have closed in the red yesterday and the Asian markets have opened weak today. Shanghai and Hang Seng are down more than 2 percent and other Asian markets are also down about 1 percent. Some consolidation and profit booking may be seen and our markets should slide during the day. A strong support is placed at 5480 for the NIFTY and if this level is broken then the NIFTY may slide further to below 5445 levels.