Money Tree

GLOBAL MARKETS

US Markets

The US Markets closed almost flat on Monday.

Dow Jones closed at 13312.97 up 48.35 points or 0.36 percent
Nasdaq Composite closed at 2570.95 down 1.20 points or 0.05 percent.

Europian Markets

The Europian Markets also closed flat on Monday.

FTSE (UK) closed at 6603.70.
DAX (Germany) closed at 7525.69 up 8.93 points or 0.12%
CAC (France) closed at 6071.48 up 2.65 points or 0.04%

Asian Markets

The Asian markets closed mixed yesterday with Indian markets down about 1%.

NIKKI(JAPAN) closed at 17643.12 down 26.71 points or 0.15%.
HANG SENG (HONG KONG) closed at 20896.64 up 55.56 points or 0.27%.
KOSPI (SOUTH KOREA) closed at 1585.70 up 1.24 points or 0.08%.
STRAITS TIMES (SINGAPORE) closed at 3485.76 up 35.12points or 1.02%. .
SENSEX (INDIA) closed at 13934.27 down 143.94 or 1.02%.
NIFTY (INDIA) closed at 4117.35 down 33.50 or 0.81%.

FOREX

USD/ INR 40.74
EUR/ USD 01.37
USD/ JPY 119.75

GOLD (MCX)

9215/ 10gm

CRUDE

$61.50/ Bb

Today’s Market outlook

The global cues are negative today with Asian markets opening in the red. Yesterday inspite of good positive cues from global markets we saw some slide in our markets due to profit booking and lack of conviction in the markets. The real estate stocks went down with announcement by the management of DLF that they have obtained SEBI approval for the IPO. A lot of money is expected to shift from secondary markets to the DLF IPO and the sell off has been started with the announcement.
Today we expect a negative opening and Banking, IT and Real estate stocks will be under pressure.