Money Tree

GLOBAL MARKETS

US Markets

The US markets closed in the green on Tuesday.

Dow Jones closed at 13504.30 up 35.52 points or 0.26 percent.
Nasdaq Composite closed at 2561.60 up 14.27 points or 0.56 percent .

Europian Markets

The Europian markets also ended in the green on Tuesday.

FTSE (UK) closed at 6308.80 up 119.70 points or 1.93%. .
DAX (Germany) closed at 7513.66 up 69.21 points or 0.93%
CAC (France) closed at 5620.40 up 87.41 points or 1.58%.

Asian Markets

The Asian markets closed mix on Tuesday.

NIKKEI(JAPAN) closed at 16921.77 up 7.31 points.
HANG SENG (HONG KONG) closed at 21907.99 down 28.74 points.
KOSPI (SOUTH KOREA) closed at 1859.82 up 4.77 points.
STRAITS TIMES (SINGAPORE) closed at 3302.01 down 6.98 points.
Composite Index (CHINA) Closed at 4651.22 up 23.12 points.
SENSEX (INDIA) closed at 14932.77 up 29.74 points.
NIFTY (INDIA) closed at 4356.35 up 16.85 points.

FOREX

USD/ INR 40.41
EUR/ USD 01.37
USD/ JPY 118.645

GOLD

8800/ 10gm

CRUDE

$72.42/ Bb

Today’s Market outlook

The new ECB guidelines have been issued making external borrowings more difficult for the Indian corporate sector, this should result in slowing down of influx of foreign funds into India resulting in weakening of our currency. The rupee has shown a reaction in the morning and has depreciated to 40.70 levels in the opening trade. The IT sector should benefit from this and a small pull back can be seen in Infosys, Wipro, Satyam, Tech Mahindra, HCL Technologies and TCS can be seen early in the morning. Our markets should also see a gap up on the back of rallying IT sector.