MarketS DailY - Jan 05

US Markets

Dow 9035		+258.30	(+2.86%)
Nasdaq 1632		+55.18	(+3.50%)
S&P 932		+28.55	(+3.16%)

Europe

FTSE 100 4562		+127.62	(+2.88%)
CAC 40 3350		+131.72	(+4.09%)
DAX 30 4973		+162.87	(+3.39%)

Asia at 9 30 AM

Nikkei 225 9046		+186.16	(+2.10%)
Hang Seng 15170		+127.02	(+0.84%)

SGX Nifty 3095 +33 pts

Commodities

Light Crude (NYM)

46.34

(+1.74)

Gold (CMX)

879.50

(-4.80)

Market Outlook:

New Year is greeted by all world markets with an impressive pull back, all world markets are putting up considerable gains. US markets ended up 250 points, DOW closed above 9000. Nifty will continue its rally on the back of the Fiscal and Monetary news announcements.

News Today

* Indian Gov announced Fiscal stimulus 2.0 that addresses a number of issues, RBI announces interest rate cuts.

* U.S. President-elect Barack Obama's pick for commerce secretary, Bill Richardson, is withdrawing his nomination.

* Singapore on Friday said GDP had declined by 12.5 percent in real terms in the fourth quarter of 2008 and revised downwards its growth estimates for 2009.

* Ex-Fed governor Fredric Mishkin says crisis more complex than 1930s.

* US may get its second stimulus by mid Feb, Obama finalizing details of the stimulus package

* Central bankers switch from concern over inflation to worries about falling prices. FED and ECB vows to fight Deflation now.

MarketS DailY - Jan 02

US, Europe and Nikkei Markets were closed on New Years day.

Hang Seng 14777

+389.14

(+2.70%)

News Today

* Russia cuts oil supply to Ukraine after the deadline for payment dues expired. Ukraine owes Gazprom, the energy giant about $2 billion for past natural gas deliveries

* After six months of being net sellers in the market, the FIIs, in December, were net buyers in Indian Markets.

* Inflation falls to a 10 month low of 6.38%.

* Anil and Mukesh met for the second time in under a week,to celebrate sister Dipti Salgaocar's silver marriage anniversary on New Year's eve in Goa.

MarketS DailY -Jan 01 2009

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.

2008 - The year in markets

U.S. indexes
Dow Jones Industrial Average	-35%
S&P 500	-39%
Nasdaq	-42%
Dow Jones Financials	-55%
Amex Oil Index	-38%
International indexes
Germany DAX	-40%
FTSE 100	-32%
Japan Nikkei 225	-42%
China Shanghai Composite	-65%
Mexico IPC	-24%
Brazil Bovespa	-41%
Currencies/commodities
Gold	+4%
Crude	-64%
Dollar index	+5%
Pound vs. dollar	-27%
Dollar vs. yen	+19%

Five Predictions for 2009

1 . The BRICs (Brazil, Russia, India and China) will have a terrible year. China will compete with the U.S on who has the bigger government-led infrastructure program.

2. Oil will rise again, after hitting rock bottom levels oil will begin to surge again to higher levels.

3. One of the big three auto makers will disappear, most likely GM.

4. The fourth quarter will cough up earnings reports that manage to disappoint rock-bottom expectations. The Dow will plunge and flirt with the 5,000 mark.

5. Gold shoots to $1200 levels on the back of safety haven buying.

MarketS DailY - Dec 31

US Markets

Dow 8668		+184.46	(+2.17%)
Nasdaq 1551		+40.38	(+2.67%)
S&P 891		+21.22	(+2.44%)

Europe

FTSE 100 4393		+73.33	(+1.70%)
CAC 40 3217		+86.41	(+2.76%)
DAX 30 4810		+105.34	(+2.24%)

Asia at 9 30 AM

Nikkei 225 8860		+112.39	(+1.28%)
Hang Seng 14491		+255.23	(+1.78%)

SGX Nifty 3007 +30 pts

Commodities

Light Crude (NYM)

39.03

(-0.99)

Gold (CMX)

870.00

(-5.30)

Market Outlook:

US Markets put up a rally yesterday as Government aid to G.M boosted the rally, financials also participated in the rally, Nifty would face stiff resistance at 3050-3100 levels.


News Today

* US Consumer confidence falls to an all time low of 38, on the back of surging unemployment.

* A measure of October home prices dropped by 18%, the sharpest annual rate on record.

* Oil closes below $40, Iraq dismisses plea for cease fire against continues strikes in Gaza.

* In 2009 the most important issues for revival of economy will be availability of credit and confidence in the street.

* The Economists who called the crisis earlier are predicting a tough 2009, they expect recession to get deeper and see no recovery till 2010.

* RCOM rolls out GSM services much earlier of schedule, Anil Ambani said Rcom will participate in both CDMA & GSM 3G auctions.


2008* IN THE EMERGING MARKETS

Best-performing markets
MSCI Colombia -26%
MSCI Israel -33%
MSCI Chile -37%

Worst-performing markets
MSCI Russia -74%
MSCI Pakistan -69%
MSCI India -66%

* based on the MSCI Emerging Markets indexes in dollar terms, as of Dec. 26