Money Tree

GLOBAL MARKETS

US Markets

The US Markets closed in the green on friday.

Dow Jones closed at 13611.68 up 45.84 points or 0.34 percent.
Nasdaq Composite closed at 2666.51 up 9.86 points or 0.37 percent .

Europian Markets

The Europian Markets also ended in the green on friday.

FTSE (UK) closed at 6690.10 up 54.90 points or 0.83%. .
DAX (Germany) closed at 8048.32 up 61.19 points or 0.77%
CAC (France) closed at 6102.69 up 43.16 points or 0.71%.

Asian Markets

The Asian markets closed in the green on friday except NIKKEI which fell down 80.54 points.

NIKKEI(JAPAN) closed at 18140.94 down 80.54 points.
HANG SENG (HONG KONG) closed at 22531.74 up 278.75 points.
KOSPI (SOUTH KOREA) closed at 1861.01 up 13.22 points.
STRAITS TIMES (SINGAPORE) closed at 3561.96 up 10.28 points.
Composite Index (CHINA) Closed at 3781.34 up 165.48 points.
SENSEX (INDIA) closed at 14964.12 up 102.23 points.
NIFTY (INDIA) closed at 4384.85 up 30.90 points.

FOREX

USD/ INR 40.45
EUR/ USD 01.36
USD/ JPY 123.25

GOLD

8647/ 10gm

CRUDE

$72.81/ Bb

Today’s Market outlook

On friday our markets rallied and the sensex touched 15000 mark for a while on the back of an unexpected rally in technology stocks. Infosys, Wipro and Satyam were up leading the markets but the trend can only be confirmed once the results are out, we believe that the rally in tech stocks is on the back of anticipation of good quarterely numbers which may not come out to be true, we need to wait and watch how these companies cope with the rising rupee instead of speculating. The current upmove in the markets is driven by liquidity. The global markets ended positive on friday and the Asian markets have opened in the green today, we expect a positive opening and NIFTY should cross 4400 levels and the Sensex should also cross 15000 levels in the morning but some profit booking may come in the later part of markets.