Money Tree

GLOBAL MARKETS

US Markets

The US markets closed in the green on Friday on the back of positive job data.

Dow Jones closed at 14066.01 up 91.70 points or 0.66 percent.
Nasdaq Composite closed at 2780.32 up 46.75 points or 1.71 percent.

Europian Markets

The Europian markets also closed in the green on Friday.

FTSE (UK) closed at 6595.80 up 47.90 points or 0.73%.
DAX (Germany) closed at 8002.18 up 57.19 points or 0.72%
CAC (France) closed at 5843.24 up 38.85 points or 0.67%.

Asian Markets

The Asian markets closed mixed on Friday.

NIKKEI(JAPAN) closed at 17065.04 down 27.45 points.
HANG SENG (HONG KONG) closed at 27831.52 up 857.54 points.
KOSPI (SOUTH KOREA) closed at 1996.03 down 7.57 points.
STRAITS TIMES (SINGAPORE) closed at 3822.62 up 38.81 points.
Composite Index (CHINA) Closed at 5552.301 up 142.9 points.
SENSEX (INDIA) closed at 17773.36 down 3.78 points.
NIFTY (INDIA) closed at 5185.85 down 22.8 points.

FOREX

USD/ INR 39.48
EUR/ USD 01.41
USD/ JPY 116.685

GOLD

9430/ 10gm

CRUDE

$81.22/ Bbl

Today’s Market outlook

The US markets closed positive on Friday on the back of positive Job data and the Asian markets have also opened in the green with Shanghai up about 3 percent after a 5 day holiday. Our markets have taken out all strong resisitances in the recent past and have come out very strong as compared to its Asian peers. The second quarter results will start pouring in this week and will decide the trend of the markets. Political uncertainty will also weigh higher as the Congress is now willing to go for the mid term poll. Today we expect a positive opening and the markets may come down during the day.