Money Tree

GLOBAL MARKETS

US Markets

The US markets closed almost flat on Tuesday.

Dow Jones closed at 13090.86 down 30.49 points or 0.23 percent.
Nasdaq Composite closed at 2521.30 up 12.71 points or 0.51 percent .

Europian Markets

The Europian markets posted minor gains on Tuesday.

FTSE (UK) closed at 6086.10 up 7.40 points or 0.12%. .
DAX (Germany) closed at 7424.75 up 17.22 points or 0.23%
CAC (France) closed at 5418.78 up 19.40 points or 0.36%.

Asian Markets

The Asian markets closed mixed on Tuesday.
NIKKEI(JAPAN) closed at 15901.34 up 168.86 points.
HANG SENG (HONG KONG) closed at 21729.35 up 133.72 points.
KOSPI (SOUTH KOREA) closed at 1736.18 up 4.91 points.
STRAITS TIMES (SINGAPORE) closed at 3228.66 down 93.72 points.
Composite Index (CHINA) Closed at 4955.207 up 50.352 points.
SENSEX (INDIA) closed at 13989.11 down 438.44 points.
NIFTY (INDIA) closed at 4074.9 down 134.15 points.

FOREX

USD/ INR 41.08
EUR/ USD 01.34
USD/ JPY 114.280

GOLD

8800/ 10gm

CRUDE

$69.57/ Bbl

Today’s Market outlook

Yesterday our markets fell sharply on political uncertainty and closed very near to their 200 day moving average. The markets are making new lows on every sell off and the pull backs are not convincing. We expect a volatile session today a crucial support is placed at 4050 for NIFTY and on the upside it would try to cross 4100 levels.