Money Tree

GLOBAL MARKETS

US Markets

The US markets closed with minor gains on Tuesday.

Dow Jones closed at 13521.34 up 14.06 points or 0.10 percent
Nasdaq Composite closed at 2572.06 up 14.87 points or 0.58 percent.

Europian Markets

The Europian Markets except France also posted some gains yesterday.

FTSE (UK) closed at 6606.50 up 36.00 points or 0.55% .
DAX (Germany) closed at 7781.04up 41.84 points or 0.54%
CAC (France) closed at 6056.39 down 15.08 points or 0.25%

Asian Markets

The whole of Asia closed weak except India on Tuesday.

NIKKI(JAPAN) closed at 17639.15 down 33.41 points.
HANG SENG (HONG KONG) closed at 20469.59 down 60.17 points.
KOSPI (SOUTH KOREA) closed at 1656.71 down 1.20 points.
STRAITS TIMES (SINGAPORE) closed at 3526.64 down 0.44 points.
SENSEX (INDIA) closed at 14508.21 up 110.32 points.
NIFTY (INDIA) closed at 4293.55 up 36.70 points.

FOREX

USD/ INR 40.49
EUR/ USD 01.34
USD/ JPY 121.39

GOLD (MCX)

8633 / 10gm

CRUDE

$63.25/ Bb

Today’s Market outlook

The Asian markets have opened weak today as China has raised the stamp duty on securities transaction from 0.1 percent to 0.3 percent and reacting to this the Shanghai is down almost 6 percent and other asian markets are also down from 0.2 percent to 1.5 percent. The event is specific to China and it should not impact our markets except for a negative sentiment in Asia as a whole.
Yesterday our markets posted handsome gains after opening flat and today we expect a volatile session with a weak opening.