Money Tree

GLOBAL MARKETS

US Markets

The US markets posted some gains on friday.

Dow Jones closed at 13556.53 up 79.81 points or 0.59 percent
Nasdaq Composite closed at 2558.45 up 19.07 points or 0.75 percent.

Europian Markets

The Europian Markets rallied and broad indices closed up around 1 percent.

FTSE (UK) closed at 6640.90 up 61.60 points or 0.94% .
DAX (Germany) closed at 7607.54 up 108.44 points or 1.44%
CAC (France) closed at 6101.14 up 74.14 points or 1.23%

Asian Markets

The Asian markets closed mixed with a positive bias.

NIKKI(JAPAN) closed at 17452 up 52.6 points.
HANG SENG (HONG KONG) closed at 20904.84 down 89.77 points.
KOSPI (SOUTH KOREA) closed at 1614.76 up 2.51 points.
STRAITS TIMES (SINGAPORE) closed at 3531.91 up 19.51 points.
SENSEX (INDIA) closed at 14303.41 up 3.7 points.
NIFTY (INDIA) closed at 4214.50 down 5.05 points.

FOREX

USD/ INR 40.59
EUR/ USD 01.35
USD/ JPY 121.10

GOLD (MCX)

8791 / 10gm

CRUDE

$65.17/ Bb

Today’s Market outlook

On friday the markets managed to remain where they were on thursday. NIFTY is now very near its all time high and today we have good global cues with Taiwan up about 110 points, Nikkei up about 160 points and Hang Seng up about 100 points, The US and Europian markets also closed with gains on friday. We expect that the NIFTY should cross its all time high today and Banking, Real Estate and Construction stocks are looking good.