Money Tree

GLOBAL MARKETS

US Markets

The US markets closed almost flat on Monday.

Dow Jones closed at 13542.88 down 13.65 points or 0.10 percent
Nasdaq Composite closed at 2578.79 up 20.34 points or 0.80 percent.

Europian Markets

The Europian Markets also closed flat with minor gains.

FTSE (UK) closed at 6636.80 down 4.10 points or 0.06% .
DAX (Germany) closed at 7619.31 up 11.17 points or 0.15%
CAC (France) closed at 6089.91 down 11.23 points or 0.18%

Asian Markets

The Asian markets closed positive on Monday.

NIKKI(JAPAN) closed at 17613.67 up 56.80points.
HANG SENG (HONG KONG) closed at 20927.75 up 22.91 points.
KOSPI (SOUTH KOREA) closed at 1631.77 up 3.57 points.
STRAITS TIMES (SINGAPORE) closed at 3514.49 up 2.09 points.
SENSEX (INDIA) closed at 14418.60 up 115.19 points.
NIFTY (INDIA) closed at 4260.90 up 46.40 points.

FOREX

USD/ INR 40.58
EUR/ USD 01.34
USD/ JPY 121.50

GOLD (MCX)

8780 / 10gm

CRUDE

$66.97/ Bb

Today’s Market outlook

After the recent breakout from the range of 4000-4200 yesterday the NIFTY crossed its previous all time high and closed at 4260. The overall mood of the markets is looking positive and the results and fundamentals are also backing the bulls, it seems that the some more steam is left in the markets and we may see higher levels from here. Today the global cues are not very positive, the asian markets have opened mixed, we expect a flattish day of trade with some profit booking on stocks which have rallied recently.