Money Tree

GLOBAL MARKETS

US Markets

The US markets continue their downward slide on Wednesday.

Dow Jones closed at 12466.20 down 34.95 points or 0.28 percent.
Nasdaq Composite closed at 2394.59 down 23.00 points or 0.95 percent.

Europian Markets

The Europian markets also lost more than a percent on Wednesday.

FTSE (UK) closed at 5942.90 down 82.70 points or 1.37%.
DAX (Germany) closed at 7471.57 down 94.81 points or 1.25%
CAC (France) closed at 5225.39 down 25.43 points or 0.48%.

Asian Markets

The Asian markets also closed in the red on Wednesday.

NIKKEI(JAPAN) closed at 13504.51 down 468.12 points.
HANG SENG (HONG KONG) closed at 24450.85 down 1386.9 points.
KOSPI (SOUTH KOREA) closed at 1704.97 down 41.98 points.
Composite Index (CHINA) Closed at 5290.606 down 153.19 points.
SENSEX (INDIA) closed at 19868.11 down 382.98 points.
NIFTY (INDIA) closed at 5935.75 down 138.5 points.

FOREX

USD/ INR 39.29
EUR/ USD 01.48
USD/ JPY 106.660

GOLD

11230/ 10gm

CRUDE

$89.62/Bbl

Today’s Market outlook

Yesterday the Sensex found support near 19500 and rebounded to 19800 levels, the 19500 support still holds good and today the markets may open negative on back of negative global cues but some short covering might come during the day and we may see a pull back in the later part of the day.