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.

MarketS DailY - Feb 03

US Markets

Dow 7937		-64.11	(-0.80%)
Nasdaq 1494		+18.01	(+1.22%)
S&P 825		-0.44	(-0.05%)

Europe

FTSE 100 4078		-71.86	(-1.73%)
CAC 40 2930		-43.87	(-1.48%)
DAX 30 4271		-67.31	(-1.55%)

Asia at 9 30 AM

Nikkei 225 7874		-120.07	(-1.52%)
Hang Seng 13014		+152.84	(+1.19%)

SGX Nifty 2760 +22 pts

Commodities

Light Crude (NYM)

40.08

(-1.60)

Gold (CMX)

907.20

(-21.20)

Market Outlook:

US Markets ended mixed, Asia trading Flat in green. Markets are caught in a range and is waiting for a big trigger to make a decisive move which is yet to happen.

News Today

* Australian announces four-year, $26.5 billion stimulus package, RBA slashes interest rate to 3.25%, lowest level since 1964.

* China's job losses send 20M migrants home.

* Morgan Stanley may cut up to 1,800 jobs, department-store chain Macy's Inc cuts 7000 jobs

* Satyam open offer price may be set at two-week average.

* Property rates to fall by 15-20% more: DLF

MarketS DailY - Feb 02

US Markets

Dow 8001		-148.15	(-1.85%)
Nasdaq 1476		-31.42	(-2.08%)
S&P 826		-19.26	(-2.28%)

Europe

FTSE 100 4150		-40.47	(-0.97%)
CAC 40 2974		-35.83	(-1.19%)
DAX 30 4338		-89.76	(-2.03%)

Asia at 9 30 AM

Nikkei 225 7881		-112.84	(-1.50%)
Hang Seng 13021		-257.50	(-1.94%)

SGX Nifty 2830 -30 pts

Commodities

Light Crude (NYM)

41.68

(+0.24)

Gold (CMX)

928.40

(+21.90)

Market Outlook:

DOW ended lower on friday, worst January for wall street. Bad data continues to flow in form of earnings and Economic numbers, Asia trades lower Nifty would lose its last week gains,Resistance at 2875-2950 levels.

News Today

* GDP contracts 3.8% as inventories limit downturn,Fourth quarter marks worst performance for U.S. economy in nearly 27 years

* Iceland which collapsed in the Financial crisis gets a new PM Johanna Sigurdardottir.

* German Chancellor Angela Merkel warned Friday that U.S. efforts to prop up its failing auto industry with bailout money amount to a form of protectionism that threatened to distort the global economy.

* Japan will hand out $17 billion in development aid to other Asian countries to help them face the global financial crisis.

* The ECB is drawing up guidelines for "bad banks" to house toxic assets.

* IT Major Infosys cuts US staff, puts non-performers under scanner.

* This year's World Economic Forum in Davos was marked by finger pointing and dire warnings over social and political upheaval, did nothing much to shore up confidence.

MarketS DailY - Jan 30

US Markets

Dow 8149		-226.44	(-2.70%)
Nasdaq 1508		-50.50	(-3.24%)
S&P 845		-28.95	(-3.31%)

Europe

FTSE 100 4190		-100.79	(-2.40%)
CAC 40 3010		-66.26	(-2.15%)
DAX 30 4428		-90.61	(-2.01%)

Asia at 9 30 AM

Nikkei 225 7941		-310.62	(-3.76%)
Hang Seng 12997		-157.76	(-1.25%)

SGX Nifty 2772 -13 pts

Commodities

Light Crude (NYM)

41.44

(-0.72)

Gold (CMX)

906.50

(+16.50)

Market Outlook:

US Markets ended a 4 day winning streak on the back of bad economic datas, DOW lost 200+ points. Asia markets take cues from US and open in red, Nifty continues to have big resistance at 2850 levels.

News Today

* Thursday brought a hat-trick of grim economic news: New-home sales fell to their slowest pace on record, businesses cut their orders and jobless claims continued to rise.

* Japan's industrial output tumbles by record margin, while unemployment spikes to 4.4% in December.

* Ford reports $5.9 billion loss,Ford has one of its worst years on record as car sales plunged last month to a 26-year low. But CEO Alan Mulally reaffirms carmaker can get by without government aid

* Be ready for hard decisions: Tata to staff.

* India, China to buoy world economy in 2009: IMF

* President Obama criticized bankers for giving themselves $18.4 billion in bonuses as the economy was spinning out of control.

* Bank Bailout Could Cost Up to $4 Trillion: Economists

MarketS DailY - Jan 29

US Markets

Dow 8375		+200.72	(+2.46%)
Nasdaq 1558		+53.44	(+3.55%)
S&P 874		+28.38	(+3.36%)

Europe

FTSE 100 4295		+100.79	(+2.40%)
CAC 40 3076		+121.48	(+4.11%)
DAX 30 4519		+195.30	(+4.52%)

Asia at 9 30 AM

Nikkei 225 8175		+68.89	(+0.85%)
Hang Seng 13297		+718.82	(+5.71%)

SGX Nifty 2876 +26 pts

Commodities

Light Crude (NYM)

42.16

(+0.58)

Gold (CMX)

890.00

(-11.40)

Market Outlook:

US Markets rallied as house of representatives passed the $819 billion stimulus plan, Nifty would take cues from world markets and open gap up.

News Today

*US House approves $819 billion economic stimulus plan in a 244-188 vote.

* New Zealand slashes its main interest rate by a larger-than-expected 1.5 percentage points.

* Chinese Premier says his country's annual growth rate will slow to 8% in 2009, but will remain 'fast and steady'.

* International Monetary Fund report said the global economy was heading for its worst year since World War II.

* Vladimir Putin: Financial system has failed

* Petrol cheaper by Rs 5, diesel Rs 2, LPG Rs 25.

MarketS DailY - Jan 28

US Markets

Dow 8175		+58.70	(+0.72%)
Nasdaq 1505		+15.44	(+1.04%)
S&P 846		+9.14	(+1.09%)

Europe

FTSE 100 4194		-14.60	(-0.35%)
CAC 40 2955		-0.84	(-0.03%)
DAX 30 4323		-3.45	(-0.08%)

Asia at 9 30 AM

Nikkei 225 8128

+67.36

(+0.84%)

SGX Nifty 2792 +27 pts

Commodities

Light Crude (NYM)

41.58

(-4.15)

Gold (CMX)

901.40

(-9.30)

Market Outlook:

US Markets ended in green, as much as 11500 job cuts were announced. All world markets are showing sideways movement since past few days. Nifty will face stiff resistance at 2850-2910 levels.

News Today

* The Treasury secretary Geithner said he would crack down on lobbying to influence the financial bailout program by companies that are receiving funds.

* U.S. President Barack Obama on Tuesday came away from meetings with congressional Republicans about his economic stimulus plan, urges swift passage of the $825 billion stimulus plan.

* At World Economic Forum in Davos, Confidence among chief executives slips to its lowest level in at least six years, according to an annual worldwide survey.

* Crude Oil futures tumble 9% on fears over energy demand, crude inventories.

* RBI keeps key rates unchanged , slashes growth forecast to 7% with negative bias.