MarketS DailY - Dec 04

US Markets

Dow 8,592 172.60
Nasdaq 1,492 42.58
S&P 500 871 21.93

Europe

London 4,170 47.10
Paris 3,167 13.75
Frankfurt 4,567 35.45

Asia at 9 00 AM

Tokyo 8053 46.07
Hong Kong 13,822 233.26

SGX Nifty 2665 +21 pts

Commodities

Oil $45.90 -0.89
Gold $770.50 -12.80

Market Outlook:

US Markets had a volatile session last night, in the end closed in positive. Nifty range bound trade hasn't given a break out yet. There is very less participation in markets and volumes are very low. Market is not getting any sort of triggers yet to make a decisive move.

News Today:

* Oil falls to $45 , near 4 year lows.

* Bank of England and European Central Bank are expected to slash interest rates in todays meet to bolster the Eurozone economies.

* Dollar vs Yen at 93 levels. A breach of of current levels on the lower side will be a bad sign.

* Congress Briefed by US Auto Firms on Revamp Plans.

* Indian Government readies Rs 75,000 crore economy booster.

* Auto Markers are cutting down prices to clear the current inventory.

* India's GDP to grow at 6.5 pct in 2008/09 says UBS.