Money Tree

GLOBAL MARKETS

US Markets

The US markets closed positive on Thursday.

Dow Jones closed at 13424.88 up 133.23 points or 1.00 percent.
Nasdaq Composite closed at 2601.06 up 8.99 points or 0.35 percent.

Europian Markets

The Europian markets also posted about 1 percent gains on Thursday.

FTSE (UK) closed at 6363.90 up 57.70 points or 0.91%.
DAX (Germany) closed at 7535.97 up 62.98 points or 0.84%
CAC (France) closed at 5565.97 up 57.96 points or 1.05%.

Asian Markets

The Asian markets closed in the green on Thursday.

NIKKEI(JAPAN) closed at 15821.19 up 23.59 points.
HANG SENG (HONG KONG) closed at 24537.02 up 226.88 points.
KOSPI (SOUTH KOREA) closed at 1848.02 up 34.5 points.
STRAITS TIMES (SINGAPORE) closed at 3504.4 down 1.69 points.
Composite Index (CHINA) Closed at 5273.592 up 100.965 points.
SENSEX (INDIA) closed at 15614.44 up 109.08 points.
NIFTY (INDIA) closed at 4528.95 up 32.1 points.

FOREX

USD/ INR 40.45
EUR/ USD 01.38
USD/ JPY 115.265

GOLD

9285/ 10gm

CRUDE

$79.91/ Bbl

Today’s Market outlook

The US and Europian markets have closed positive yesterday and the Asian markets have also opened firm today. Yesterday the NIFTY moved further up after forming a strong base around 4500 levels and the next target now is near 4590 levels. We expect a good positive opening in the morning.