MarketS DailY - Jan 12

US Markets

Dow 8599		-143.28	(-1.67%)
Nasdaq 1572		-45.42	(-2.81%)
S&P 890		-19.38	(-2.13%)

Europe

FTSE 100 4449		-56.83	(-1.26%)
CAC 40 3300		-24.83	(-0.75%)
DAX 30 4784		-96.02	(-1.97%)

Asia at 9 30 AM

Nikkei 225 8837		-39.62	(-0.45%)
Hang Seng 14174		-203.16	(-1.41%)

SGX Nifty 2840 -21 pts

Commodities

Light Crude (NYM)

41.08

(-0.62)

Gold (CMX)

854.60

(+0.10)

Market Outlook:

US Markets ended in red after abysmal Job data, all world markets are undergoing a correction after the pull back that started in November. The extent of the correction will depend on news flows. Indian markets exhibited weakness on the Back of satyam scam, Nifty needs to hold 2820 on closing basis for any chance of upmoves.

News Today

* US reports Worst year for jobs since 1945 , Annual loss biggest since end of World War II. Unemployment rate rises to 7.2%.

* Indian Government appoints 3 member board for Satyam comprising of Deepak parkeh, Kiran kramnik and Achutan.

* Major clients of Satyam Computer Services, such as General Electric (GE), Nestle and British Petroleum, have started exploring alternative options such as moving work to other outsourcing vendors.

* Banking giant Citi is in talks to sell Smith Barney and asset-management units or team up with Morgan Stanley.

* IIP numbers will be reported today, expected to be flat to negative growth number.

MarketS DailY - Jan 07

US Markets

Dow 9015		+62.21	(+0.69%)
Nasdaq 1652		+24.35	(+1.50%)
S&P 935		+7.25	(+0.78%)

Europe

FTSE 100 4639		+59.28	(+1.29%)
CAC 40 3396		+36.30	(+1.08%)
DAX 30 5026		+42.32	(+0.85%)

Asia at 9 30 AM

Nikkei 225 9267		+185.67	(+2.04%)
Hang Seng 15521		+11.69	(+0.08%)

SGX Nifty 3145 +12 pts

Commodities

Light Crude (NYM)

48.58

(-0.23)

Gold (CMX)

866.00

(+8.20)

Market Outlook:

US markets ended positive on news of Obama's stimulus package and Tax benefits, Other world markets are trading from flat to positive. Nifty showed resilience towards closing yesterday, A break of 3152 is vital for Nifty to continue the ongoing pull back rally.

News Today

* ALCOA Aluminum giant says it will lay off 13% of staff, close plants, sell four business units, freeze salaries.

* Several European countries say their supply of natural gas from Russia has been cut or reduced amid a dispute over payments between Russia and Ukraine.

* Crude rallies to $50, due to geo political concerns in Israel and Russia,Ukraine tussle.

* FED minutes says "Members of the Federal Open Market Committee at their mid-December meeting saw increasing risks of depression and deflation"

* Euro-zone inflation slows to 1.6%, below ECB target, Deflation threat looms.

* Toyota to halt production for 11 days as demand falls.

* Adolf Merckle, one of Germany's wealthiest men, committed suicide after his family business empire began unraveling amid mounting deb due the financial crisis.

MarketS DailY - Jan 06

US Markets

Dow 8953		-81.80	(-0.91%)
Nasdaq 1628		-4.18	(-0.26%)
S&P 927		-4.35	(-0.47%)

Europe

FTSE 100 4580		+17.85	(+0.39%)
CAC 40 3360		+10.23	(+0.31%)
DAX 30 4984		+10.92	(+0.22%)

Asia at 9 30 AM

Nikkei 225 9145		+102.29	(+1.13%)
Hang Seng 15547		-16.74	(-0.11%)

SGX Nifty 3140 +6.5

Commodities

Light Crude (NYM)

48.81

(+2.47)

Gold (CMX)

857.80

(-21.70)

Market Outlook:

US Markets ended on red on concerns of low corporate earnings, all world markets are still in the pull back mode. Nifty showed good strength yesterday, closing was impressive. A small correction cant be ruled out. Still 3240 looks possible on Nifty.

News Today

* December US auto sales plunges Toyoto drops 36.7%, Honda 34.7%, Nissan 30.7%.

2008 total losses

Toyota Honda Nissan Mazda Hyundai

15.3% 8.2% 10.9% 10.7% 14.0%

* US Employment report for December is expected to show drop of 500,000 jobs.

* Obama proposes $300 billion in tax cuts.

* Tech Mahindra offers Satyam cashless merger , the combined entity will make the 3rd largets IT company in India.

* Crude continues its pull back rally, after making a low $32 it has given considerable bounce, could rally till $55.

* Indian Earnings kicks start from Jan 13, as Infosys will report its results. CLSA says infy would miss its lower estimate of dollar guidance.

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.