MarketS DailY - Oct 13

US Markets:

Dow -128.00 -1.49% 8,451.19
Nasdaq +4.39 +0.27% 1,649.51
S.&P. 500 -10.70-1.18% 899.22

Asia at 9 AM

Japan Nikkei Markets closed on holiday
Hong Kong Hang Seng 14,836.86+0.27%+39.99
China Shanghai 1,954.57–2.30%–46.00

SGXNifty 3374 +70

Crude Oil $80.31+3.36%+$2.61
Gold $871.90+1.50%+$12.90

News Today:

* Major economies of the world are preparing their bail out packages , Germany is expected to give $135 billion of credit to support banks.

* Markets await the details of the package to make a decisive move.

* UK Government is likely to take major stakes in RBS, HBOS.

* Goldman sachs cuts its oil tgt to $50/ barrel.

* Rating agencies Moodys and S&P have reiterated their ratings on ICICI Bank, says bank is credit is healthy.