MarketS DailY - Jan 20

US Markets

Dow 8281+68.73 (+0.83%)
Nasdaq 1529+17.49 (+1.16%)
S&P 850+6.38 (+0.76%)

Europe

FTSE 100 4108-38.59 (-0.93%)
CAC 40 2990-27.06 (-0.90%)
DAX 30 4316-50.14 (-1.15%)

Asia at 9 30 AM

Nikkei 225 7998-258.95 (-3.14%)
Hang Seng 12871-468.94 (-3.54%)

SGX Nifty 2769 -59 pts

Commodities

Light Crude (NYM)
34.38 (-2.13)
Gold (CMX)
839.90 (+32.60)

Market Outlook:

US markets ended Flat on green, awaiting Obamas arrival. UK announced a big bail out for banks, europe reacted -ve to the news. Very thin volumes in our markets, must be one of the lowest volume day in last 12 months. Nifty likely to remain rangebound for the day

News Today

* Barack Obama takes power on Tuesday as the 44th U.S. president, his inauguration speech will lay out an agenda for change in troubled times, World awaits his speech.

* Royal Bank of Scotland said it could report an annual loss of up to 28 billion pounds ($41.6 billion), the biggest in U.K, corporate history, Shares were slammed.

* SEBI is set to make it mandatory for promoters to report to stock exchanges, if they pledge their shares to raise funds.


* US in 'economic Pearl Harbor': Buffett.

* Billionaire investor George Soros Says Stimulus Not Enough,TARP Misused

* The new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony by throwing money at weak companies rather than allowing them to fail and encouraging the strong ones, Marc Faber .

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