Money Tree

GLOBAL MARKETS

US Markets

The US Markets closed almost flat yesterday.

Dow Jones closed at 13422.28 down 5.45 points or 0.04% percent.
Nasdaq Composite closed at 2608.37 up 3.02 points or 0.12 percent .

Europian Markets

The Europian Markets rallied yesterday with DAX up more than 1 percent.

FTSE (UK) closed at 6571.30 up 43.70 points or 0.67%. .
DAX (Germany) closed at 7921.36 up 120.13 points or 1.54%
CAC (France) closed at 6006.31 up 64.64 points or 1.09% .

Asian Markets

The Asian markets also closed strong yesterday.

NIKKEI(JAPAN) closed at 17932.27 up 82.99 points.
HANG SENG (HONG KONG) closed at 21938.22 up 232.66 point.
KOSPI (SOUTH KOREA) closed at 1751.75 up 18.65 points.
STRAITS TIMES (SINGAPORE) closed at 3538.23 up 32.73 points.
SENSEX (INDIA) closed at 14504.57 up 73.51 points.
NIFTY (INDIA) closed at 4282.00 up 18.05 points.

FOREX

USD/ INR 40.83
EUR/ USD 01.34
USD/ JPY 122.89

GOLD (MCX)

8585/ 10gm

CRUDE

$69.57/ Bb

Today’s Market outlook

The Europian markets closed very strong yesterday and the Asian markets have opened in the green today morning, we expect the yesterday’s upmove to continue and today the NIFTY should be able to touch 4300. Cement and Media sectors are looking strong.