| Dow 8599 |  | -143.28 | (-1.67%) |
| Nasdaq 1572 | | -45.42 | (-2.81%) |
| S&P 890 | | -19.38 | (-2.13%) |
Europe
| FTSE 100 4449 | | -56.83 | (-1.26%) |
| CAC 40 3300 | | -24.83 | (-0.75%) |
| DAX 30 4784 | | -96.02 | (-1.97%) |
Asia at 9 30 AM
| Nikkei 225 8837 | | -39.62 | (-0.45%) |
| Hang Seng 14174 | | -203.16 | (-1.41%) |
SGX Nifty 2840 -21 pts
Commodities
| Light Crude (NYM) | 41.08 | (-0.62) |
| Gold (CMX) | 854.60 | (+0.10) |
Market Outlook:
US Markets ended in red after abysmal Job data, all world markets are undergoing a correction after the pull back that started in November. The extent of the correction will depend on news flows. Indian markets exhibited weakness on the Back of satyam scam, Nifty needs to hold 2820 on closing basis for any chance of upmoves.
News Today
* US reports Worst year for jobs since 1945 , Annual loss biggest since end of World War II. Unemployment rate rises to 7.2%.
* Indian Government appoints 3 member board for Satyam comprising of Deepak parkeh, Kiran kramnik and Achutan.
* Major clients of Satyam Computer Services, such as General Electric (GE), Nestle and British Petroleum, have started exploring alternative options such as moving work to other outsourcing vendors.
* Banking giant Citi is in talks to sell Smith Barney and asset-management units or team up with Morgan Stanley.
* IIP numbers will be reported today, expected to be flat to negative growth number.
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