Money Tree

GLOBAL MARKETS

US Markets

The US Markets plunged yesterday to close almost 1 percent down.

Dow Jones closed at 13295.01 down 129.95 or 0.97 percent.
Nasdaq Composite closed at 2549.77 down 22.38 points or 0.87 percent.

Europian Markets

The Europian Markets also lost nearly 0.5 percent yesterday.

FTSE (UK) closed at 6520.40 down 47.10 points or 0.72% .
DAX (Germany) closed at 7678.26 down 27.84 points or 0.36%
CAC (France) closed at 5898.16 down 41.93 points or 0.71%

Asian Markets

The Asian markets closed almost flat yesterday.

NIKKEI(JAPAN) closed at 17760.91 down 73.57 points. .
HANG SENG (HONG KONG) closed at 20636.39 up 20.9 points.
KOSPI (SOUTH KOREA) closed at 1729.88 up 13.32 points.
STRAITS TIMES (SINGAPORE) closed at 3561.54 up 16.08 points.
SENSEX (INDIA) closed at 14130.95 up 47.54 points.
NIFTY (INDIA) closed at 4155.2 up 9.6 points.

FOREX

USD/ INR 40.75
EUR/ USD 01.33
USD/ JPY 121.815

GOLD (MCX)

8640 / 10gm

CRUDE

$65.13/ Bb

Today’s Market outlook

Yesterday our markets managed to close in the green in the end after having a volatile session. We are not able to break a narrow range of 4140 to 4200 and once this range is broken on either side a trend can be established. Today the asian markets have opened negative and US and Europe markets have also closed in the red. 4125 is again a crucial support for NIFTY and once broken fresh shorts will start building up and would take the markets further down.