MarketS DailY - Feb 04

US Markets

Dow 8078+141.53 (+1.78%)
Nasdaq 1516+21.87 (+1.46%)
S&P 839+13.07 (+1.58%)

Europe

FTSE 100 4164+86.68 (+2.13%)
CAC 40 2982+52.34 (+1.79%)
DAX 30 4375+103.92 (+2.43%)

Asia at 9 30 AM

Nikkei 225 7994+168.23 (+2.15%)
Hang Seng 13038+260.73 (+2.03%)

SGX Nifty 2790 +20 pts

Commodities
Light Crude (NYM)
40.78 (+0.70)
Gold (CMX)
892.50 (-14.70)

Market Outlook:

US Markets ended in positive with Health-care sector and consumer shares rallying. Range bound trading continues with no major triggers. Nifty resistance remains at 2860-2950 levels

News Today

* US Auto sales worst since 1982, consumer confidence falls for 6 month in a row to 47 year lows.

* World's third-largest chipmaker Elpida reportedly could get $100 million or more aid from Japanese Government.

* The Obama administration is still struggling with the details of a bad bank concept.

* In India One crore job cuts possible this Fiscal ending March , says a report.

* The Obama administration is expected to impose a cap of $500,000 on the compensation of executives at companies.

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