Money Tree

GLOBAL MARKETS

US Markets

Dow Jones saw the biggest point gain since 2002 on the back of healthy retail sales numbers announced which reassured investors on the consumer spending. The US markets were up about 2 percent on Thursday.

Dow Jones closed at 13861.73 up 283.86 points or 2.09 percent.
Nasdaq Composite closed at 2701.73 up 49.94 points or 1.88 percent .

Europian Markets

The Europian markets also saw a smart rally and posted more than 1 percent gains.

FTSE (UK) closed at 6697.70 up 82.60 points or 1.25%. .
DAX (Germany) closed at 8053.43 up 154.89 points or 1.96%
CAC (France) closed at 6103.05 up 101.96 points or 1.70%.

Asian Markets

The Asian markets except NIKKEI also closed in the green.

NIKKEI(JAPAN) closed at 17984.14.51 down 65.37 points.
HANG SENG (HONG KONG) closed at 22809.02 up 202.00 points.
KOSPI (SOUTH KOREA) closed at 1909.75 up 19.79 points.
STRAITS TIMES (SINGAPORE) closed at 3624.56 up 29.62 points.
Composite Index (CHINA) Closed at 3915.99 up 50.268 points.
SENSEX (INDIA) closed at 15092.04 up 181.42 points.
NIFTY (INDIA) closed at 4446.15 up 59.00 points.

FOREX

USD/ INR 40.50
EUR/ USD 01.37
USD/ JPY 122.155

GOLD

8740/ 10gm

CRUDE

$72.86/ Bb

Today’s Market outlook

Yesterday we saw a wide broad based rally with almost evervy one participating, such big rally was not expected and our markets showed that they can march ahead with out the participation of IT. The new drivers of growth are Infrastructure, Real estate, Capital goods, Power and Communications. Yesterday the US markets posted record gains and the Asian markets have also opened with strong gains, we expect another big rally today and NIFTY might touch 4500 levels today.