Money Tree

GLOBAL MARKETS

US Markets

The US market, after a volatile session, closed in the green yesterday.

Dow Jones closed at 13362.37 up 150.38 points or 1.14 percent.
Nasdaq Composite closed at 2553.87 up 7.60 points or 0.30 percent .

Europian Markets

The Europian markets were down about 1.5 percent on Wednesday.

FTSE (UK) closed at 6250.60 down 109.50 points or 1.72%. .
DAX (Germany) closed at 7473.93 down 110.21 points or 1.45%
CAC (France) closed at 5654.30 down 96.78 points or 1.68%.

Asian Markets

The Asian markets lost significantly on Wednesday.

NIKKEI(JAPAN) closed at 16870.98 up 80.84 points.
HANG SENG (HONG KONG) closed at 22455.36 down 729.58 points.
KOSPI (SOUTH KOREA) closed at 1857.45 down 75.82 points. .
STRAITS TIMES (SINGAPORE) closed at 3431.71 down 115.95 points.
Composite Index (CHINA) Closed at 4471.03 up 30.263 points..
SENSEX (INDIA) closed at 14935.77 down 615.22 points.
NIFTY (INDIA) closed at 4345.85 down 183.00 points.

FOREX

USD/ INR 40.45
EUR/ USD 01.36
USD/ JPY 119.345

GOLD

8664/ 10gm

CRUDE

$76.53/ Bb

Today’s Market outlook

Yesterday we had another big fall and stocks saw a deep fall across the board. The indices broke all crucial support levels and there was a free fall in the later half of the day, realty stocks were the worst hit with Orbit, Parsvnath, Unitech, Mahindra Gesco losing between 5 to 10 percent, autos also fell significantly. Yesterday after a volatile session the US markets closed with some gains but the Asian Markets have opened in the red today. We expect some recovery today and the yesterday’s worst hit stocks would try to retrace and if Sensex can reach 15000 levels and stays above it some short covering might come in pushing the Markets further.