MarketS DailY - Nov 25

US Markets

Dow 8,443 396.97
Nasdaq 1,472 87.67
S&P 500 852 51.78

Europe

London 4,153 372.00
Paris 3,172 290.85
Frankfurt 4,554 426.92

Asia at 9 00 AM

Tokyo 7,911 207.75
Hong Kong 12,964 506.4

SGX Nifty 2841 +137 pts

Commodities

Oil
$53.89 -0.61
Gold
$819.50 27.70

Market Outlook:

US markets continued its rally on monday on the back of positive news flows in the form of citi group bail out and Obama's announcement of his economic team, As said in our outlook yesterday the pull back in indian markets would continue.The best strategy to handle this rally is to trade and get out at the resistance levels.


News Today:

* Citi Group was bailed out by the US government, Citigroup to Halt Dividend and Curb Pay. Shares rose more than 50% in trade yesterday.

* Obama announced his economic team yesterday, nominated Tim geither for Treasury secretary and lawrence summers as chief economic adviser.

* Britain Offers $30 Billion Stimulus Plan.

* Gold and crude recover on the back of citi bail out. Gold now trading over $800.

* Goldman sachs says indian property prices are in for a big correction. Expects a fall of 20-30% in property prices.

* Indian Realty sector is facing tough times, Many projects have been put on hold. Unitech stock fell by 8% in yesterdays trade.