MarketS DailY - Jan 22

US Markets

Dow 8228+279.01 (+3.51%)
Nasdaq 1507+66.21 (+4.60%)
S&P 840+35.02 (+4.35%)

Europe

FTSE 100 4060-31.52 (-0.77%)
CAC 40 2906-19.71 (-0.67%)
DAX 30 4261+21.30 (+0.50%)

Asia at 9 30 AM

Nikkei 225 7892-9.60 (-0.12%)
Hang Seng 12673+89.48 (+0.69%)

SGX Nifty 2712 +42 pts

Commodities
Light Crude (NYM) 43.55 (+2.71)
Gold (CMX) 850.10 (-5.10)

Market Outlook:

A pull back rally in US Markets, all world markets are in make or break down state. Negative news are beginning to trickle from the macro economic front.
Our markets witnessed a late sell off yesterday, today RIL reports its Earnings. Markets will look up to RIL numbers for the next move.

News Today

* China's economic growth slumped to 9 percent for 2008, slowest in 7 years.

* New York senator Hillary clinton confirmed as secretary of state.

* New bank-rescue plan on tap, Treasury nominee Geithner says.

* U.S. loan losses, write-downs to reach $3.6 trillion says Nouriel Roubini.

* Dollar near 13-year low against yen.

* Crude oil puts on gains on speculation that OPEC will order more production cuts.

* HDFC and Wipro delivered disappointing numbers, Wipro paints a bleak Guidance .

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