MarketS DailY - Jan 29

US Markets

Dow 8375+200.72 (+2.46%)
Nasdaq 1558+53.44 (+3.55%)
S&P 874+28.38 (+3.36%)

Europe


FTSE 100 4295+100.79 (+2.40%)
CAC 40 3076+121.48 (+4.11%)
DAX 30 4519+195.30 (+4.52%)

Asia at 9 30 AM

Nikkei 225 8175+68.89 (+0.85%)
Hang Seng 13297+718.82 (+5.71%)

SGX Nifty 2876 +26 pts

Commodities
Light Crude (NYM)
42.16 (+0.58)
Gold (CMX)
890.00 (-11.40)

Market Outlook:

US Markets rallied as house of representatives passed the $819 billion stimulus plan, Nifty would take cues from world markets and open gap up.

News Today

*US House approves $819 billion economic stimulus plan in a 244-188 vote.

* New Zealand slashes its main interest rate by a larger-than-expected 1.5 percentage points.

* Chinese Premier says his country's annual growth rate will slow to 8% in 2009, but will remain 'fast and steady'.

* International Monetary Fund report said the global economy was heading for its worst year since World War II.

* Vladimir Putin: Financial system has failed

* Petrol cheaper by Rs 5, diesel Rs 2, LPG Rs 25.

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