MarketS DailY - Dec 30

US Markets

Dow 8484 -31.62 (-0.37%) Nasdaq 1510 -19.92 (-1.30%) S&P 869 -3.38 (-0.39%)

Europe

FTSE 100 4319 +102.76 (+2.44%) CAC 40 3131 +14.51 (+0.47%) DAX 30 4705 +75.48 (+1.63%)

Asia at 9 30 AM

Nikkei 225 8841		+94.28	(+1.08%)
Hang Seng 14396		+67.37	(+0.47%)

SGX Nifty 2944 +7 pts

Commodities

Light Crude (NYM)

40.02

(+2.31)

Gold (CMX)

875.30

(+4.10)

Market Outlook:

US Markets ended Flat on the negative side, no santa rally in US mkts this time. Nifty seems to be taking strong support at 2820 levels and the current range for markets will be 2820-3050.


News Today

* Nikkei ends year on down note, Benchmark closes out year 42.1% lower.

* Crude puts up a bear market rally, climbs to $40.

* Loans to U.S. automakers gets delayed,Treasury Department said it would finalize the loans in time to meet the needs of the struggling companies.

* More directors exit from Satyam, Raju's stake in the company is likely to be sold off. PE funds eye to take over satyam.

* General Motors' financial arm gets $5 billion in TARP funds. Treasury also to loan $1 billion to GM to help GMAC raise capital.

* Patience is key for 2009: Morgan Stanley