Money Tree

GLOBAL MARKETS

US Markets

The US markets closed almost flat on Tuesday.

Dow Jones closed at 13539.95 down 2.93 points or 0.02 percent
Nasdaq Composite closed at 2588.02 up 9.23 points or 0.36 percent.

Europian Markets

The Europian Markets also closed flat.

FTSE (UK) closed at 6606.60 down 30.20 points or 0.46% .
DAX (Germany) closed at 7659.39 up 40.08 points or 0.53%
CAC (France) closed at 6089.72 down 0.19 points or 0.00%

Asian Markets

The Asian markets closed mixed with a positive bias.

NIKKI(JAPAN) closed at 17760.34 up 80.29 points.
HANG SENG (HONG KONG) closed at 20843.92 down 83.83 points.
KOSPI (SOUTH KOREA) closed at 1647.06 up 4.18 points.
STRAITS TIMES (SINGAPORE) closed at 3539.82 up 25.33 points.
SENSEX (INDIA) closed at 14453.72 up 35.12 points.
NIFTY (INDIA) closed at 4278.10 up 17.20 points.

FOREX

USD/ INR 40.60
EUR/ USD 01.34
USD/ JPY 121.69

GOLD (MCX)

8730 / 10gm

CRUDE

$65.70/ Bb

Today’s Market outlook

The markets seem to have entered in a consolidation phase as no fresh triggers are seen which may lift the markets further. It seems that the markes may spend some time around these levels before making a fresh move. Today the global markets are almost flat with asian markets opening without any significant gains or losses. We expect a flattish opening with a negative bias, some profit booking can be seen in sugar, real estate and banking space.