MarketS DailY - Jan 28

US Markets

Dow 8175+58.70 (+0.72%)
Nasdaq 1505+15.44 (+1.04%)
S&P 846+9.14 (+1.09%)

Europe

FTSE 100 4194-14.60 (-0.35%)
CAC 40 2955-0.84 (-0.03%)
DAX 30 4323-3.45 (-0.08%)

Asia at 9 30 AM

Nikkei 225 8128+67.36 (+0.84%)

SGX Nifty 2792 +27 pts

Commodities
Light Crude (NYM) 41.58 (-4.15)
Gold (CMX) 901.40 (-9.30)

Market Outlook:

US Markets ended in green, as much as 11500 job cuts were announced. All world markets are showing sideways movement since past few days. Nifty will face stiff resistance at 2850-2910 levels.

News Today

* The Treasury secretary Geithner said he would crack down on lobbying to influence the financial bailout program by companies that are receiving funds.

* U.S. President Barack Obama on Tuesday came away from meetings with congressional Republicans about his economic stimulus plan, urges swift passage of the $825 billion stimulus plan.

* At World Economic Forum in Davos, Confidence among chief executives slips to its lowest level in at least six years, according to an annual worldwide survey.


* Crude Oil futures tumble 9% on fears over energy demand, crude inventories.

* RBI keeps key rates unchanged , slashes growth forecast to 7% with negative bias.

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