Money Tree

GLOBAL MARKETS

US Markets

The US markets shed more than 2 percent on Tuesday.

Dow Jones closed at 13041.85 down 280.28 points or 2.10 percent.
Nasdaq Composite closed at 2500.64 down 60.61 points or 2.37 percent.

Europian Markets

The Europian markets also saw a sharp cut on Tuesday.

FTSE (UK) closed at 6102.20 down 117.90 points or 1.90%.
DAX (Germany) closed at 7430.24 down 55.75 points or 0.74%
CAC (France) closed at 5474.17 down 116.37 points or 2.08%.

Asian Markets

The Asian markets closed mixed on Tuesday.

NIKKEI(JAPAN) closed at 16287.49 down 13.9 points.
HANG SENG (HONG KONG) closed at 23363.76 down 213.97 points.
KOSPI (SOUTH KOREA) closed at 1829.31 up 26.28 points.
STRAITS TIMES (SINGAPORE) closed at 3343.00 down 45.44 points.
Composite Index (CHINA) Closed at 5194.69 up 44.57 points.
SENSEX (INDIA) closed at 14919.19 up 76.81 points.
NIFTY (INDIA) closed at 4320.7 up 18.1 points.

FOREX

USD/ INR 41.17
EUR/ USD 01.36
USD/ JPY 114.980

GOLD

8900/ 10gm

CRUDE

$72.15/ Bbl

Today’s Market outlook

The US markets have once again plunged on weak housing data and the Asian markets have also opened in the red today. Yesterday we had a volatile session and the NIFTY closed near 4320 levels, today we expect a gap down opening in the morning and NIFTY will find support near 4250 levels and high volatility is expected.