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US Markets| Dow 8116 |  | +38.47 | (+0.48%) |
| Nasdaq 1489 | | +12.17 | (+0.82%) |
| S&P 837 | | +4.62 | (+0.56%) |
Europe| FTSE 100 4209 | | +156.54 | (+3.86%) |
| CAC 40 2955 | | +106.23 | (+3.73%) |
| DAX 30 4327 | | +147.93 | (+3.54%) |
Asia at 9 30 AM| Nikkei 225 7944 | | +262.17 | (+3.41%) |
| Hang Seng 12579 |  | Markets closed
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SGX Nifty 2710 +49 ptsCommodities| Light Crude (NYM) | | 45.73 | (-0.74) |
| Gold (CMX) | | 910.70 | (+13.00) |
Market Outlook:US markets end flat on green, nikkei rebounds on stronger yen.Nifty resistance at 2750,2810 levels.News Today* Former New York Fed chief Tim Geithner is confirmed and sworn in as new U.S. Treasury secretary.
* Job losses are spreading across sectors : IBM sends 2,800 pink slips, Caterpillar posts lower profit, cutting 20,000 jobs , Pfizer buying Wyeth for $68 bln; companies to cut 19,000 jobs,Fiat CEO sees 60,000 jobs at risk,Sprint job cuts to total 8,000.* US Existing-home sales rise 6.5% as prices plunge.* RBI announces its monetary policy review today, in its macro economic and growth prospect report published earlier RBI has said that slow down is getting increasingly evident.* Pfizer takes over its rival Wyeth in a $68 billion take over.
US Markets| Dow 8281 | | +68.73 | (+0.83%) |
| Nasdaq 1529 | | +17.49 | (+1.16%) |
| S&P 850 | | +6.38 | (+0.76%) |
Europe
| FTSE 100 4108 | | -38.59 | (-0.93%) |
| CAC 40 2990 | | -27.06 | (-0.90%) |
| DAX 30 4316 | | -50.14 | (-1.15%) |
Asia at 9 30 AM| Nikkei 225 7998 | | -258.95 | (-3.14%) |
| Hang Seng 12871 | | -468.94 | (-3.54%) |
SGX Nifty 2769 -59 ptsCommodities| Light Crude (NYM) |
| 34.38 | (-2.13) |
| Gold (CMX) |
| 839.90 | (+32.60) |
Market Outlook:US markets ended Flat on green, awaiting Obamas arrival. UK announced a big bail out for banks, europe reacted -ve to the news. Very thin volumes in our markets, must be one of the lowest volume day in last 12 months. Nifty likely to remain rangebound for the dayNews Today* Barack Obama takes power on Tuesday as the 44th U.S. president, his inauguration speech will lay out an agenda for change in troubled times, World awaits his speech.* Royal Bank of Scotland said it could report an annual loss of up to 28 billion pounds ($41.6 billion), the biggest in U.K, corporate history, Shares were slammed.
* SEBI is set to make it mandatory for promoters to report to stock exchanges, if they pledge their shares to raise funds.* US in 'economic Pearl Harbor': Buffett.* Billionaire investor George Soros Says Stimulus Not Enough,TARP Misused।* The new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony by throwing money at weak companies rather than allowing them to fail and encouraging the strong ones, Marc Faber .
US Markets| Dow 8200 | | -248.42 | (-2.94%) |
| Nasdaq 1490 | | -56.82 | (-3.67%) |
| S&P 843 | | -29.17 | (-3.35%) |
Europe| FTSE 100 4181 | | -218.51 | (-4.97%) |
| CAC 40 3052 | | -145.89 | (-4.56%) |
| DAX 30 4422 | | -214.59 | (-4.63%) |
Asia at 9 30 AM| Nikkei 225 8102 | | -336.07 | (-3.98%) |
| Hang Seng 13071 | | -633.43 | (-4.63%) |
SGX Nifty 2720 - 99 ptsCommodities| Light Crude (NYM) | | 36.60 | (-0.68) |
| Gold (CMX) | | 808.80 | (-11.90) |
Market Outlook:US & Europe markets fell sharply in yesterdays trade, the correction happening is starting to take momentum. A mixed bag of bad news pulled down markets in US. Nifty gave a good pull back but today it will lose the gains and up ward momentum, Supports will be 2750,2680News Today* Dow Has Worst Start to a Year Ever,The Dow Jones Industrial Average lost 248.42, or 2.9 percent, to close at 8,200.14, bringing its losing streak to six sessions and its loss in that time to a whopping 10 percent.*Canadian telecom giant Nortel files for bankruptcy. *
U.S. retail sales plunge 2.7% in December.
* Apple CEO Steve Jobs stunned shareholders and the tech world by announcing he is taking a medical leave until the end of June.* FED's Beige book says Economy continued downswing through early January. * Filtch rating agency downgrades Unitech, says it has to clear dues of Rs 1100 crores by January.* Bank of America shares hit a 52-week low after a Wall Street Journal report that it's near receiving billions more in US aid.* As recessions deepens, Web giant Google axes about 100 employees in recruiting.* As Citi Group plans to dis integrate its units, analysts raise concerns over the survival of citi.* Indian Government rules out bail out option for Satyam, PWC its auditor admits goof up in accounts.* Japan's core machinery orders. considered a weathervane for industrial activity, fall a record 16.2% in November.
