Money Tree

GLOBAL MARKETS

US Markets

The US Markets closed flat yesterday.

Dow Jones closed at 13337.66 down 14.39 points or 0.11% percent.
Nasdaq Composite closed at 2574.16 down 2.92 points or 0.11 percent .

Europian Markets

The Europian Markets closed in the red.

FTSE (UK) closed at 6559.30 down 29.10 points or 0.44%. .
DAX (Germany) closed at 7860.52 down 70.09 points or 0.88%
CAC (France) closed at 5953.36 down 49.49 points or 0.82% .

Asian Markets

The Asian markets except India closed weak on Tuesday.

NIKKEI(JAPAN) closed at 18066.11 down 21.37 points.
HANG SENG (HONG KONG) closed at 21803.57 down 18.78 point.
KOSPI (SOUTH KOREA) closed at 1749.55 down 8.18 points.
STRAITS TIMES (SINGAPORE) closed at 3525.1 down 55.23 points.
SENSEX (INDIA) closed at 14501.08 up 13.36 points.
NIFTY (INDIA) closed at 4285.7 up 26.3 points.

FOREX

USD/ INR 40.90
EUR/ USD 01.35
USD/ JPY 122.99

GOLD (MCX)

8726/ 10gm

CRUDE

$67.77/ Bb

Today’s Market outlook

Yesterday we saw some more short covering and the NIFTY was taken beyond 4280 levels. Today the global cues are weak, Asian markets have opened in the red and NIKKEI is down more than one percent. We expect a weak opening today and the NIFTY will find good support at 4250 levels. FED meet on the US interest rates will be held tonight and if the interest rates are not raised in US and the Language of FED is positive then we may see the US markets rallying and the after effects will be felt in Asian markets.