Money Tree

GLOBAL MARKETS

US Markets

The US markets lost about 2 percent on Friday.

Dow Jones closed at 12606.30 down 246.79 points or 1.92 percent.
Nasdaq Composite closed at 2439.94 down 48.58 points or 1.95 percent.

Europian Markets

The Europian markets closed almost flat on Friday.

FTSE (UK) closed at 6202.00 down 20.70 points or 0.33%.
DAX (Germany) closed at 7717.95 up 4.86 points or 0.06%
CAC (France) closed at 5371.41 down 29.02 points or 0.54%.

Asian Markets

The Asian markets closed mixed on Friday.

NIKKEI(JAPAN) closed at 14110.79 down 277.32 points.
HANG SENG (HONG KONG) closed at 26867.01 down 363.85 points.
KOSPI (SOUTH KOREA) closed at 1782.27 down 42.51 points.
STRAITS TIMES (SINGAPORE) closed at 3369.31 up 15.75 points.
Composite Index (CHINA) Closed at 5484.677 up 28.136 points.
SENSEX (INDIA) closed at 20827.45 up 245.37 points.
NIFTY (INDIA) closed at 6200.1 up 43.15 points.

FOREX

USD/ INR 39.30
EUR/ USD 01.47
USD/ JPY 109.010

GOLD

11135/ 10gm

CRUDE

$90.92/Bbl

Today’s Market outlook

The US markets are continuously losing ground and probably moving into a recession. The asian markets have opened flat today morning and we expect our markets to consolidate for some time before taking a direction, midcaps and small caps may continue their downward slide for some more time. Reliance Power IPO is opening today and a huge subscription is on the cards.