MarketS DailY - Oct 21

US Markets:

Dow 413.21+4.67% 9,265.43
Nasdaq 58.74 +3.43% 1,770.03
S.&P. 500 44.85 +4.77% 985.40

Asia at 9 AM

Japan Nikkei 9,239.65 +234.06 +2.60%
Hong Kong Hang Seng 15,372.59 +49.58 +0.32%
China Shanghai 1,976.52 +0.13% +2.52

SGXNifty 3202 +41

Crude Oil $75.37 +1.32% +$0.98
Gold $800.50 +1.33% +$10.50

News Today:

* US market rallies almost 5% as credit concerns ease.

* FED chairman Bernanke says US congress should look into another stimulus plan to boost the economy.

* RBI cuts repo rates by 1% in a move to ease liquidity.

* Indian PM assures nation that bank investments are safe and there is no reason to panic.

* Oil rallies back to $75 and gold to $800.