Money Tree

GLOBAL MARKETS

US Markets

The US markets closed positive on friday.

Dow Jones closed at 13507.28 up 66.15 points or 0.49 percent
Nasdaq Composite closed at 2557.19 up 19.27 points or 0.76 percent.

Europian Markets

The Europian Markets also posted some gains on friday.

FTSE (UK) closed at 6570.50 up 5.10 points or 0.08% .
DAX (Germany) closed at 7739.20 up 41.82 points or 0.54%
CAC (France) closed at 6057.49 up 9.18 points or 0.15%

Asian Markets

The whole of Asia closed weak except India on friday.

NIKKI(JAPAN) closed at 17481.21 down 215.76 points.
HANG SENG (HONG KONG) closed at 20520.66 down 278.31 points.
KOSPI (SOUTH KOREA) closed at 1644.56 down 02.03 points.
STRAITS TIMES (SINGAPORE) closed at 3486.63 down 43.63 points.
SENSEX (INDIA) closed at 14338.45 up 120.34 points.
NIFTY (INDIA) closed at 4247.15 up 43.25 points.

FOREX

USD/ INR 40.54
EUR/ USD 01.34
USD/ JPY 121.67

GOLD (MCX)

8628 / 10gm

CRUDE

$64.84/ Bb

Today’s Market outlook

On friday the markets recovered ramarkably in the last session of trade giving the signs of bullishness. Today the trend is likely to continue and the asian markets have also opened strong in the morning. We expect a postive opening in the morning.

Stocks to watch

India Infoline

The company has hired 4 top key management personnel coming from CLSA to develop and grow comany’s institutional business. These personnel are beleived to have helped CLSA reach a position and the move is expected to be very positive for the company and the stock should react to it in the morning. On friday the stock was closed at Rs. 446.55 try to grab it early in the morning between Rs. 450-460 to have good intra day gains.