| Dow 8630 |  | +64.59 | (+0.75%) |
| Nasdaq 1541 | | +32.84 | (+2.18%) |
| S&P 880 | | +6.14 | (+0.70%) |
Europe
| FTSE 100 4280 |  | -108.34 | (-2.47%) |
| CAC 40 3214 | | -92.53 | (-2.80%) |
| DAX 30 4663 | | -103.83 | (-2.18%) |
Asia at 9 00 AM
| Nikkei 225 8622 | | +386.21 | (+4.69%) |
| Hang Seng 15239 | | +480.11 | (+3.25%) |
SGX Nifty
2980 +50 ptsCommodities
Oil
$47.27 0.99Gold
$820.50 -6.10 Market Outlook:
US Markets ended in positive on friday as White house came to the rescue of the Big 3 auto makers. Announces it will use TARP funds to bail out Big 3 in immediate term. Indian markets to open gap up on the back of +ve cues from asian markets. Nifty would face resistance at 3050-3100 levels.
News Today:
* India's Industrial growth came at -0.4% in october, first negative number in 15 years.
* China's industrial output growth eases to 5.4% in November.
* US Dollar is getting weaker against major currencies , Slips below 90 against yen and makes a 2 month low against Euro.
* An article in Business standard says Indian realty players are in huge debt, Unitech and Ansal are in bad shape. But management has denied the reports.
* Its an event Full weak ahead, lots of economic data will flow from US. Including the FED meet and Job numbers.
* The Ponzi scam staged by Former Nasdaq chairman Madoff has swallowed nearly $50 Billion. Many European Banks have fallen prey to the scam.
* Japanese Tankan survey of corporate sentiment sinks at fastest rate since 1974.
* The indian government is planning for a second bail out package to target specific sectors.
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