Money Tree

GLOBAL MARKETS

US Markets

The US markets posted more than 0.5 percent gains yesterday.

Dow Jones closed at 13463.33 up 100.96 points or 0.76 percent.
Nasdaq Composite closed at 2575.98 up 22.11 points or 0.87 percent .

Europian Markets

The Europian markets also ended in the green on thursday.

FTSE (UK) closed at 6300.30 up 49.70 points or 0.80%. .
DAX (Germany) closed at 7534.13 up 60.20 points or 0.81%
CAC (France) closed at 5682.07 up 27.77 points or 0.49%.

Asian Markets

The Asian markets closed mixed on thursday.

NIKKEI(JAPAN) closed at 16984.11 up 113.13 points.
HANG SENG (HONG KONG) closed at 22443.25 down 12.11 points.
KOSPI (SOUTH KOREA) closed at 1853.07 down 3.38 points.
STRAITS TIMES (SINGAPORE) closed at 3435.46 up 3.75 points.
Composite Index (CHINA) Closed at 4407.73 up 107.167 points.
SENSEX (INDIA) closed at 14985.7 up 49.93 points.
NIFTY (INDIA) closed at 4356.35 up 10.5 points.

FOREX

USD/ INR 40.42
EUR/ USD 01.36
USD/ JPY 119.095

GOLD

8750/ 10gm

CRUDE

$76.53/ Bb

Today’s Market outlook

The US markets bounced back yesterday and the Asian markets have also opened in the green, we expect a good gap up opening for our markets and NIFTY should cross 4400 levels early in the morning. A further rally may be seen with the bouts of short covering.