| Dow 8565 |  | -65.15 | (-0.75%) |
| Nasdaq 1508 | | -32.38 | (-2.10%) |
| S&P 869 | | -11.16 | (-1.27%) |
Europe
| FTSE 100 4278 | | -2.79 | (-0.07%) |
| CAC 40 3186 | | -27.94 | (-0.87%) |
| DAX 30 4655 | | -8.55 | (-0.18%) |
Asia at 9 30 AM
| Nikkei 225 8607 | | -57.67 | (-0.67%) |
| Hang Seng 14965 |  | +120.11 | (+0.55%) |
SGX Nifty
2968 -13ptsCommodities
| Light Crude (NYM) | 44.51 | (-1.77) |
| Gold (CMX) | 836.50 | (+16.00) |
Market Outlook:
US markets ended in red ahead of the FED meet today , Financial's continued to fall in yesterdays trade. Indian Market continue to show strength as long as nifty holds 2800 levels its in safe boat. Potential targets for Nifty would be 3040-3150.
News Today
* Some of the biggest names in global finance say they have lost hundreds of millions of dollars in an alleged $50 billion Ponzi Scheme offered by Madoff.
* US FED will announce its interest rate decision tonight, expectations are that it will cut int rates by 50bps.
* US Speaker Nancy Pelosi said Monday Democrats will likely debate a second stimulus package of about $600 billion.
* Respite for Home buyers, all 28 state-owned banks will charge a concessional rate of 9.25% for loans below Rs 20 lakh and 8.5% for loans less than Rs 5 lakh.
* Indias 2nd largest Software exporter Infosys says it will offer single digit hikes this next year.
* The State Bank of India’s Q3 advance tax stands at Rs 1,700 crore versus Rs 1,088 crore (YoY). HDFC’s advance tax is at Rs 279 crore versus Rs 215 crore (YoY). ICICI Bank’s Q3 advance tax is at Rs 470 crore versus Rs 500 crore (YoY).
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