Money Tree

GLOBAL MARKETS

US Markets

The US markets closed in the red on Monday.

Dow Jones closed at 13403.42 down 39.10 points or 0.29 percent.
Nasdaq Composite closed at 2581.66 down 20.52 points or 0.79 percent.

Europian Markets

The Europian markets also closed in the red on Monday.

FTSE (UK) closed at 6182.80 down 106.50 points or 1.69%.
DAX (Germany) closed at 7479.85 down 17.89 points or 0.24%
CAC (France) closed at 5439.37 down 99.55 points or 1.80%.

Asian Markets

The Asian markets closed mixed on Monday.

NIKKEI(JAPAN) closed at 16127.42 up 306.23 points.
HANG SENG (HONG KONG) closed at 24599.34 down 298.77 points.
KOSPI (SOUTH KOREA) closed at 1871.68 up 1.66 points.
STRAITS TIMES (SINGAPORE) closed at 3476.31 down 60.09 points.
Composite Index (CHINA) Closed at 5421.392 up 109.21 points.
SENSEX (INDIA) closed at 15504.43 down 99.37 points.
NIFTY (INDIA) closed at 4494.65 down 23.35 points.

FOREX

USD/ INR 40.56
EUR/ USD 01.38
USD/ JPY 115.125

GOLD

9355/ 10gm

CRUDE

$80.57/ Bbl

Today’s Market outlook

The big event is scheduled today and a 25 basis points rate cut has already been priced in. The markets are expecting a 50 basis points rate cut there are 50% chances of its being done. We expect the markets to come down after the big event is over till the second quarter earnings start coming in. Today the markets are expected to remain in a narrow range with some volatility. We recommend booking profits before the big event.