Money Tree

GLOBAL MARKETS

US Markets

The US markets closed in the red on Thursday.

Dow Jones closed at 13766.70 down 48.86 points or 0.35 percent.
Nasdaq Composite closed at 2654.29 down 12.19 points or 0.46 percent.

Europian Markets

The Europian markets also closed in the red on Thursday.

FTSE (UK) closed at 6429.00 down 31.00 points or 0.48%.
DAX (Germany) closed at 7735.09 down 15.75 points or 0.20%
CAC (France) closed at 5688.76 down 42.06 points or 0.73%.

Asian Markets

The Asian markets closed mixed on Thursday.

NIKKEI(JAPAN) closed at 16413.79 up 32.25 points.
HANG SENG (HONG KONG) closed at 25701.13 up 146.49 points.
KOSPI (SOUTH KOREA) closed at 1908.97 up 6.32 points.
STRAITS TIMES (SINGAPORE) closed at 3552.46 down 41.9 points.
Composite Index (CHINA) Closed at 5470.06 up 74.08 points.
SENSEX (INDIA) closed at 16347.95 up 25.2 points.
NIFTY (INDIA) closed at 4747.55 up 15.2 points.

FOREX

USD/ INR 39.89
EUR/ USD 01.40
USD/ JPY 114.905

GOLD

9425/ 10gm

CRUDE

$81.78/ Bbl

Today’s Market outlook

The dollar has broken the 40 rupee mark and is now sliding down further. The rate cut by the fed has led to the weakness in dollar and the rupee is now looking much more strong with a lot of dollar flows coming into India. The Asian markets have opened slightly in the red and we expect some more consolidation today and the IT stocks are looking very weak.