MarketS DailY - Sep 18

US Markets:

DOW

449.36

-4.06%

10,609.66

NASDAQ

109.05

-4.94%

2,098.85

Asia at 9 AM:

NIKKEI 11,386.65 -363.14 -3.09%
HANG SENG 16,722.46 -914.73 -5.00%

SGX NIFTY : 3,841.0 -152.0

Gold: 865.4 +14.90 +1.75%
Silver: 1220 +52.50 +4.50%

News Today:

* Another bad day for Wall street. DOW tanks 450 points as the Financial strains weigh on Markets.

* All the world central bankers are vigil, injecting liquidity into the markets. BOJ ( Bank of Japan pumps $14 billion into the markets, a total of $67 billion in 3 days.

* US housing starts is at a 17 year low.

* US market regulators enact a new law banning naked selling of listed companies.

* US Government has spent $900 billion so far to take over failing companies.

* Oil inches up as US oil inventory slips for 2nd week in a row.Goldman Sachs cuts its 3 month price target of Crude Oil to $115 from $149.

* "The worst is yet to come" -Jeffrey Gundlach, An influential investment strategist

* Rupee gained as RBI intervened to stop the fall in the rupee against dollar.

* US Gold prices posts its biggest one day gain ever.