MarketS DailY - Oct 14

US Markets:

Dow 936.42+11.08% 9,387.61
Nasdaq 194.74+11.81% 1,844.25
S.&P. 500 104.13+11.58% 1,003.35

Asia at 9 AM

Japan Nikkei 9,355.56+13.04%+1,079.13
Hong Kong Hang Seng 16,810.83+3.06%+498.67
China Shanghai 2,103.98+1.47%+30.42

SGXNifty 3712 +160

Crude Oil $83.19+2.46%+$2.00
Gold $849.00+0.77%+$6.50

News Today:

* DOW posts biggest single day point gain after steps taken by government calms investors.

* US governments will buy stakes in major banks and will infuse $250 billion into them. Under the plan following banks will get most of the cash.

Citigroup $25 billion
J.P. Morgan $25 billion
Bank of America $12.5 billion
Merrill Lynch $10 billion
Goldman Sachs $10 billion
Morgan Stanley $10 billion
State Street Bank $3 billion
Bank of New York $3 billion

* Australian govt announces an emergency $7.3 billion stimulus package.

* Kingfisher airlines and Jet airways announce deal.