US Markets
| Dow 8776 |  | +108.00 | (+1.25%) |
| Nasdaq 1577 | | +26.33 | (+1.70%) |
| S&P 903 | | +12.61 | (+1.42%) |
Europe
| FTSE 100 4434 | | +41.49 | (+0.94%) |
| CAC 40 3218 | | +0.84 | (+0.03%) |
| DAX 30 4810 | | +105.34 | (+2.24%) |
Asia at 9 30 AM
| Nikkei 225 8860 | Holiday | ||
| Hang Seng 14387 | | +151.98 | (+1.07%) |
Commodities
| Light Crude (NYM) | | 44.60 | (+5.57) |
| Gold (CMX) | | 884.30 | (+14.30) |
Market Outlook:
US Market ended flat in positive on the last trading day of 2008, DOW puts up the 3rd worst performance of all time, previous 2 happened in the Depression times, Nifty is down 52% for the year 2008. January is packed with events , a make or break down move is expected in January , resistance will be 3120 levels.
2008 in context of Indian Markets:
* FIIs net outflow at USD 13 billion, which is nearly 20% of inflows seen ever in India. DIIs net inflow was at Rs 72,500 crore, out of which MFs had put in Rs 13,000 crore.
* The Sensex, Nifty ended down nearly 50% while BSE Dollex was down 60%. CNX Midcap was down 60%, BSE small-cap was down 73% and the Nifty Junior was down 64%.
* Indian Rupee depreciated 19% against the US dollar, worst performance since early 90's.
* Reliance Inds was down 57%. ONGC was down 46%. Unitech was down a whopping 90% while DLF was down 72%.
* HUL was the biggets winner with 18% gains, Hero Honda up 16%, GSK Pharma was up 12%, Godrej Cons up 6% and 48 out of 50 Nifty-50 stocks posted negative returns.
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