Money Tree

GLOBAL MARKETS

US Markets

The US Markets recovered yesterday and rallied more than percent.

Dow Jones closed at 13482.35 up 187.34 or 1.41 percent.
Nasdaq Composite closed at 2582.31 up 32.54 points or 1.28 percent.

Europian Markets

The Europian Markets closed almost flat yesterday.

FTSE (UK) closed at 6559.60 up 39.20 points or 0.60% .
DAX (Germany) closed at 7680.76 up 2.50 points or 0.03%
CAC (France) closed at 5934.27 up 36.11 points or 0.61%

Asian Markets

The Asian markets closed negative yesterday.

NIKKEI(JAPAN) closed at 17732.77 down 28.14 points. .
HANG SENG (HONG KONG) closed at 20578.75 down 57.64 points.
KOSPI (SOUTH KOREA) closed at 1721.99 down 7.89 points.
STRAITS TIMES (SINGAPORE) closed at 3551.22 down 10.32 points.
SENSEX (INDIA) closed at 14003.03 down 127.92 points.
NIFTY (INDIA) closed at 4113.05 down 42.15 points.

FOREX

USD/ INR 40.98
EUR/ USD 01.32
USD/ JPY 122.335

GOLD (MCX)

8600 / 10gm

CRUDE

$66.17/ Bb

Today’s Market outlook

Today with good positive global cues the NIFTY will try to bounce back to 4150 levels once again and if it crosses this level and remains above it for better part of the day then we may see some short covering coming in and taking it further up. But if it remains below 4150 then there are chanced of selling at higher levels and fresh shorts being built up, pushing the NIFTY down.