Money Tree

GLOBAL MARKETS

US Markets

The US markets closed flat on Monday.

Dow Jones closed at 13236.53 down 3.01 points or 0.02 percent.
Nasdaq Composite closed at 2542.24 down 2.65 points or 0.10 percent .

Europian Markets

The Europian markets recovered with global markets and the markets gained about 2 percent.

FTSE (UK) closed at 6219.00 up 180.70 points or 2.99%. .
DAX (Germany) closed at 7474.33 up 131.07 points or 1.78%
CAC (France) closed at 5569.28 up 120.65 points or 2.21%.

Asian Markets

The Asian markets also closed in the green on Monday.

NIKKEI(JAPAN) closed at 16800.05 up 35.96 points.
HANG SENG (HONG KONG) closed at 21891.1 up 98.39 points.
KOSPI (SOUTH KOREA) closed at 1849.26 up 20.77 points.
STRAITS TIMES (SINGAPORE) closed at 3380.61 up 21.43 points.
Composite Index (CHINA) Closed at 4820.064 up 70.695 points.
SENSEX (INDIA) closed at 15017.21 up 148.96 points.
NIFTY (INDIA) closed at 4373.65 up 40.3 points.

FOREX

USD/ INR 40.62
EUR/ USD 01.36
USD/ JPY 118.365

GOLD

8845/ 10gm

CRUDE

$71.48/ Bbl

Today’s Market outlook

The US markets closed flat yesterday and the Asian markets have also opened almost flat today, the NIFTY closed at 4373 yesterday and is now heading towards conquering 4400 mark once again, however the environment is still cautious in the global markets and another sell off might trigger a deeper cut in our markets. NIFTY seems to have fallen in a range of 4300 to 4500 any breakout on either side will be a trend decider.