Money Tree

GLOBAL MARKETS

US Markets

The US markets rallied yesterday on hopes of another rate cut in the forthcoming Fed meeting.

Dow Jones closed at 13444.96 up 196.23 points or 1.48 percent.
Nasdaq Composite closed at 2666.36 up 46.53 points or 1.78 percent.

Europian Markets

The Europian markets also closed positive on Wednesday.

FTSE (UK) closed at 6493.80 up 178.60 points or 2.83%.
DAX (Germany) closed at 7944.77 up 135.83 points or 1.74%
CAC (France) closed at 5659.07 up 111.86 points or 2.02%.

Asian Markets

The Asian markets also closed in the green on Wednesday.

NIKKEI(JAPAN) closed at 15608.88 up 128.69 points.
HANG SENG (HONG KONG) closed at 29345.45 up 465.86 points.
KOSPI (SOUTH KOREA) closed at 1938.2 up 20.37 points.
STRAITS TIMES (SINGAPORE) closed at 3560.05 up 32.18 points.
Composite Index (CHINA) Closed at 5042.654 up 126.765 points.
SENSEX (INDIA) closed at 19738.07 up 208.57 points.
NIFTY (INDIA) closed at 5940.00 up 81.65 points.

FOREX

USD/ INR 39.49
EUR/ USD 01.46
USD/ JPY 110.59

GOLD

10270/ 10gm

CRUDE

$86.72/Bbl

Today’s Market outlook

We are having very strong global cues today, the US markets have rallied yesterday and the Asian markets have opened in the green today. We had a good rally yesterday and the mood remains positive for today as well and we expect a good positive morning. The midcaps and smallcaps will continue to outperform the largecaps.