Money Tree

GLOBAL MARKETS

US Markets

The US markets closed marginally up on Tuesday.

Dow Jones closed at 13778.65 up 19.59 points or 0.14 percent.
Nasdaq Composite closed at 2683.45 up 15.50 points or 0.58 percent.

Europian Markets

The Europian markets closed negative on Tuesday.

FTSE (UK) closed at 6396.90 down 69.00 points or 1.07%.
DAX (Germany) closed at 7769.44 down 18.48 points or 0.24%
CAC (France) closed at 5641.59 down 50.90 points or 0.89%.

Asian Markets

The Asian markets closed mixed on Tuesday.

NIKKEI(JAPAN) closed at 16401.73 up 89.12 points.
HANG SENG (HONG KONG) closed at 26430.29 down 121.65 points.
KOSPI (SOUTH KOREA) closed at 1919.26 up 10.29 points.
STRAITS TIMES (SINGAPORE) closed at 3624.82 down 14.2 points.
Composite Index (CHINA) Closed at 5425.88 down 59.133 points.
SENSEX (INDIA) closed at 16899.54 up 53.71 points.
NIFTY (INDIA) closed at 4938.85 up 6.65 points.

FOREX

USD/ INR 39.74
EUR/ USD 01.41
USD/ JPY 114.495

GOLD

9500/ 10gm

CRUDE

$79.57/ Bbl

Today’s Market outlook

Yesterday after some profit booking the NIFTY came down below 4900, but in the later part of the day the markets recovered handsomely bouncing back into the green and closed positive in the end. Our markets are showing great strength and the current momentum seems to taking markets to newer highs. Today we expect Sensex to acheive 17000 levels and if it closes above this level then we may see a fresh rally stating with the next F&O Series.