MarketS DailY - Nov 03

US Markets:

Dow 144.32 +1.55% 9,325.01
Nasdaq 22.43 +1.32% 1,720.95
S.&P. 500 14.66 +1.54% 968.75

Asia at 9 AM

Hong Kong Hang Seng 14,569.31 +600.64 +4.30%
China Shanghai 1,742.59 +0.80% +13.81

SGXNifty 3050 +150

Crude Oil $68.50 +1.02% +$0.69
Gold $732.70 +2.02% +$14.50

News Today:

* RBI cuts CRR by 100 bps and repo rate by 50 bps.

* US Treasury rejects General Motors call for help to merge with Chrysler.

* UK prime minister Gordon brown calls for Gulf countries to participate in the rescue measures to help revive the world economy.

* South Korea unveils $11 billion stimulus package.

* CLSA survey says china's manufacturing conditions are at a record low.

* PM Manmohan singh to meet India Inc chiefs today to assess the global meltdown and its impact on industry at home.