Money Tree

GLOBAL MARKETS

US Markets

The US Markets were closed down more than 1 percent on friday.

Dow Jones closed at 13360.26 down 185.58 points or 1.37% percent.
Nasdaq Composite closed at 2588.96 down 28.00 points or 1.07% percent .

Europian Markets

The Europian Markets also closed in the red on friday.

FTSE (UK) closed at 6567.40 down 28.60 points or 0.43%. .
DAX (Germany) closed at 7949.63 down 15.08 points or 0.19%
CAC (France) closed at 6023.79 down 6.54 points or 0.11% .

Asian Markets

The Asian markets except Hang Seng also closed negative on friday.

NIKKEI(JAPAN) closed at 18188.63 down 51.67 points.
HANG SENG (HONG KONG) closed at 21999.91 up 45.24 point.
KOSPI (SOUTH KOREA) closed at 1770.98 down 23.26 points.
STRAITS TIMES (SINGAPORE) closed at 3615.38 up 24.11 points.
SENSEX (INDIA) closed at 14467.36 down 31.88 points.
NIFTY (INDIA) closed at 4252.05 down 15.35 points.

FOREX

USD/ INR 40.77
EUR/ USD 01.34
USD/ JPY 124.020

GOLD (MCX)

8660/ 10gm

CRUDE

$68.69/ Bb

Today’s Market outlook

The global cues are not good today, the US markets have closed in the red and Asian Markets have opened mixed. We are now very near to the June expiry of F&O series and some volatility towards the end is expected. The NIFTY has not been able to cross the crucial resistance of 4275 to keep its uptrend intact. The quarterly results for the first quarter would start pouring in from the second week of July and it is possible that the markets may remain in a range till then and take a direction on announcement of results.