Money Tree

GLOBAL MARKETS

US Markets

The US markets were almost flat on Tuesday.

Dow Jones closed at 13971.55 up 20.57 points or 0.15 percent.
Nasdaq Composite closed at 2712.29 up 14.96 points or 0.55 percent .

Europian Markets

The Europian markets ended in the red on Tuesday.

FTSE (UK) closed at 6659.10 down 38.60 points or 0.58%. .
DAX (Germany) closed at 8038.21 down 67.48 points or 0.83%
CAC (France) closed at 6099.21 down 26.39 points or 0.43%.

Asian Markets

The Asian markets also weak on Tuesday.

NIKKEI(JAPAN) closed at 18217.27 down 21.68 points.
HANG SENG (HONG KONG) closed at 23057.3 up 103.36 points.
KOSPI (SOUTH KOREA) closed at 1949.51 down 13.42 points.
STRAITS TIMES (SINGAPORE) closed at 3651.05 down 2.18 points.
Composite Index (CHINA) Closed at 3896.19 up 74.275 points.
SENSEX (INDIA) closed at 15289.82 down 21.4 points.
NIFTY (INDIA) closed at 4496.75 down 15.4 points.

FOREX

USD/ INR 40.36
EUR/ USD 01.37
USD/ JPY 122.185

GOLD

8710/ 10gm

CRUDE

$74.13/ Bb

Today’s Market outlook

Yesterday after a big bang opening our markets lost all the intra day gains and closed in the red. The NIFTY closed below 4500 mark and today we expect the yesterday’s trend to continue and the markets may slide further. A strong support is placed at 4475 for NIFTY.