Money Tree

GLOBAL MARKETS

US Markets

The US market ended in the green with more than 0.5 percent gains.

Dow Jones closed at 13358.31 up 92.84 points or 0.70 percent.
Nasdaq Composite closed at 2583.28 up 21.04 points or 0.82 percent .

Europian Markets

The Europian markets closed almost flat on Monday.

FTSE (UK) closed at 6206.10 down 9.10 points or 0.15%. .
DAX (Germany) closed at 7456.31 up 4.63 points or 0.06%
CAC (France) closed at 5646.36 up 2.40 points or 0.04%.

Asian Markets

The Asian markets closed in the green on Monday.

NIKKEI(JAPAN) closed at 17289.3 up 5.49 points.
HANG SENG (HONG KONG) closed at 22739.9 up 169.49 points.
KOSPI (SOUTH KOREA) closed at 1906.71 up 23.49 points. .
STRAITS TIMES (SINGAPORE) closed at 3526.29 up 33.59 points.
Composite Index (CHINA) Closed at 4440.76 up 95.412 points.
SENSEX (INDIA) closed at 15260.91 up 26.34 points.
NIFTY (INDIA) closed at 4440.05 down 5.15 points.

FOREX

USD/ INR 40.42
EUR/ USD 01.36
USD/ JPY 118.280

GOLD

8720/ 10gm

CRUDE

$76.83/ Bb

Today’s Market outlook

The review of monetary policy by RBI is scheduled today and experts beleive that the interest rates will remain unchanged. The US markets also closed positive yesterday and the Asian markets have opened mixed with NIKKEI down about 40 points and TAIWAN and Hang Seng are up more than 200 points. If the credit policy announced is in line with market expectations, we may see the markets going up with banks leading the rally.