MarketS DailY - Dec 01

US Markets

Dow 8,829 102.43
Nasdaq 1,536 3.47
S&P 500 896 8.56

Europe

London 4,288 61.91
Paris 3,263 12.29
Frankfurt 4,669 4.17

Asia at 9 00 AM

Tokyo 8,376 -136.07
Hong Kong 14,169 280.82

SGX Nifty 2774 +11 pts

Commodities

Oil $53.58 -0.85
Gold $819.00 7.70

Market Outlook:

US Markets ended flat, our markets showed some resilience on friday,even on the wake of terrorists attacks. Markets is expected to get affected in the short run in terms of capital flows, and rupee is likely to face the pressure in coming days. Any development in the geo political front between india and pakistan will be closely watched by markets.


News Today:

* Worst terror attacks on Indian soil, its high time that something concrete is done by the Government. Every one in the nation feels anguish and let down, a tough action needs to be taken to restore any sort of faith.

* Prime minister Manmohan singh is the new finance minister, the move is positive in terms of sentiment. Highly unlikely that any reforms will be pushed in the remaining few months of power.

* US had Solid Start to Holiday Shopping, but Discounts offered to attract people threaten profits.

* US markets had its 5th straight positive close on friday.

* The Big 3 automakers are charting their own plans to survive in business

* Rata Tata is having a tough year, Tag hotel chain belongs to Indian hotels owned by Tata group. This terror event comes After the nano episode and credit problems in running Jaguar land rover.