| Dow 8953 |  | -81.80 | (-0.91%) |
| Nasdaq 1628 | | -4.18 | (-0.26%) |
| S&P 927 | | -4.35 | (-0.47%) |
Europe
| FTSE 100 4580 |  | +17.85 | (+0.39%) |
| CAC 40 3360 | | +10.23 | (+0.31%) |
| DAX 30 4984 | | +10.92 | (+0.22%) |
Asia at 9 30 AM
| Nikkei 225 9145 | | +102.29 | (+1.13%) |
| Hang Seng 15547 | | -16.74 | (-0.11%) |
SGX Nifty
3140 +6.5Commodities
| Light Crude (NYM) | | 48.81 | (+2.47) |
| Gold (CMX) | 857.80 | (-21.70) |
Market Outlook:
US Markets ended on red on concerns of low corporate earnings, all world markets are still in the pull back mode. Nifty showed good strength yesterday, closing was impressive. A small correction cant be ruled out. Still 3240 looks possible on Nifty.
News Today
* December US auto sales plunges Toyoto drops 36.7%, Honda 34.7%, Nissan 30.7%.
2008 total losses
| Toyota Honda Nissan Mazda Hyundai | 15.3% 8.2% 10.9% 10.7% 14.0% |
* US Employment report for December is expected to show drop of 500,000 jobs.
* Obama proposes $300 billion in tax cuts.
*
* Crude continues its pull back rally, after making a low $32 it has given considerable bounce, could rally till $55.
* Indian Earnings kicks start from Jan 13, as Infosys will report its results. CLSA says infy would miss its lower estimate of dollar guidance.
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