Money Tree

GLOBAL MARKETS

US Markets

The US markets closed positive on Tuesday.

Dow Jones closed at 13308.39 up 180.54 points or 1.38 percent.
Nasdaq Composite closed at 2559.11 down 6.59 points or 0.26 percent.

Europian Markets

The Europian markets were up more than a percent on Tuesday.

FTSE (UK) closed at 6280.70 up 146.60 points or 2.39%.
DAX (Germany) closed at 7457.90 up 82.46 points or 1.12%
CAC (France) closed at 5478.94 up 92.51 points or1.72%.

Asian Markets

The Asian markets closed mixed on Tuesday.

NIKKEI(JAPAN) closed at 15877.67 up 112.7 points.
HANG SENG (HONG KONG) closed at 23952.24 down 47.46 points.
KOSPI (SOUTH KOREA) closed at 1847.36 up 11.49 points.
STRAITS TIMES (SINGAPORE) closed at 3494.57 up 52.7 points.
Composite Index (CHINA) Closed at 5113.968 down 241.32 points.
SENSEX (INDIA) closed at 15542.77 down 54.06 points.
NIFTY (INDIA) closed at 4497.05 down 10.8 points.

FOREX

USD/ INR 40.57
EUR/ USD 01.38
USD/ JPY 113.745

GOLD

9290/ 10gm

CRUDE

$78.23/ Bbl

Today’s Market outlook

The Dow Jones closed up more than a percent yesterday on hopes of a rate cut by the Fed on September 18th and the Asian markets have opened mixed today. Yesterday our markets came down during the day but did not collapse and managed to close near 4500 levels once again. Today we expect a positive opening and the NIFTY will have resistance at 4535 levels.