Money Tree

GLOBAL MARKETS

US Markets

The US markets closed almost flat on Thursday.

Dow Jones closed at 13235.88 down 0.25 points or 0.00 percent.
Nasdaq Composite closed at 2541.70 down 11.10 points or 0.43 percent .

Europian Markets

The Europian markets also ended flat on Thursday.

FTSE (UK) closed at 6196.90 up 0.90 points or 0.01%.
DAX (Germany) closed at 7511.96 up 11.48 points or 0.15%
CAC (France) closed at 5523.33 up 5.16 points or 0.09%.

Asian Markets

The Asian markets closed mixed on Thursday.

NIKKEI(JAPAN) closed at 16316.32 up 415.68 points.
KOSPI (SOUTH KOREA) closed at 1799.72 up 40.22 points.
STRAITS TIMES (SINGAPORE) closed at 3270.91 down 50.59 points.
SENSEX (INDIA) closed at 14163.98 down 84.68 points.
NIFTY (INDIA) closed at 4114.95 down 38.2 points.

FOREX

USD/ INR 41.13
EUR/ USD 01.34
USD/ JPY 116.1

GOLD

8765/ 10gm

CRUDE

$69.83/ Bbl

Today’s Market outlook

Yesterday our markets lost the day’s gains and turned negative in the later half of the day on greater political uncertainties. The global markets ended almost flat yesterday with a negative bias on concerns of a housing slowdown in US. The Asian markets have opened in the red today morning and the political crisis at home seems to have postponed for some time. We expect a pull back and NIFTY would try to retrace to 4200 levels.