Money Tree

GLOBAL MARKETS

US Markets

The US markets closed in the green on Wednesday with Nasdaq up near 1 percent.

Dow Jones closed at 13487.53 up 103.69 points or 0.77 percent
Nasdaq Composite closed at 2547.42 up 22.13 points or 0.88 percent.

Europian Markets

The Europian Markets closed almost flat with a negative bias.

FTSE (UK) closed at 6559.50 down 09.10 points or 0.14% .
DAX (Germany) closed at 7481.25 down 24.10 points or 0.32%
CAC (France) closed at 6017.91 down 31.85 points or 0.53%

Asian Markets

The Asian markets closed strong yesterday.

NIKKI(JAPAN) closed at 17529 up 16.02 points.
HANG SENG (HONG KONG) closed at 20937.26 up 69.11 points.
KOSPI (SOUTH KOREA) closed at 1600.6 up 11.23 points.
STRAITS TIMES (SINGAPORE) closed at 3501.85 up 26.09 points.
SENSEX (INDIA) closed at 14127.31 up 197.98 points.
NIFTY (INDIA) closed at 4170.95 up 50.65 points.

FOREX

USD/ INR 40.74
EUR/ USD 01.35
USD/ JPY 120.50

GOLD (MCX)

8915/ 10gm

CRUDE

$63.10/ Bb

Today’s Market outlook

Yesterday the markets rallied and after remaining above 14000 (Sensex) for initial trading hours, the Sensex rallied further and crossed 14100 levels (as indicated by us yesterday morning) and closed at 14127.
The markets are now approaching the all time high levels and the ample liquidity in the markets is supporting them to crawl higher. Today the asian markets have opened strong and yesterday the US markets were also closed in the green, we expect the yesterday’s rally to continue and the markets should open in the green, some profit booking might be seen at higher levels.