The SGX Nifty Future is trading at 11,577.00 with a loss of -0.44% percent or -51.00 point. The Nikkei 225 Future is trading at 22,428.00 with a loss of -0.59% percent or -137.00 point . The Hang Seng Future is trading at 27,714.00 with a loss of -0.50% percent or -138.00 point.
TODAY’S FACTORS AND EVENTS
The index product is likely to be finalised by October this year and trading may begin by December, the sources said.
The new entity would require Sebi approval.
Both exchanges have been at loggerheads after Indian bourses in February announced that they would stop licensing indices to their foreign counterparts from August.
In a countermove, SGX was about to launch successor products to its flagship Indian equity derivative products on June 4.
Last month, SGX and the NSE in a joint statement said they have deferred the ongoing arbitration proceedings pending outcome of their talks and resumed discussions on a potential collaboration in GIFT City.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,733.60 with a loss of -0.34% percent or -88.69 point. The S&P 500 is trading at 2,861.82 with a loss of -0.040% percent or -1.14 point. The Nasdaq Composite is trading at 7,889.10 up with +0.38% percent or +29.92 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,410.82 up with +0.22% percent or +48.27 point. Hong Kong’s Hang Seng is trading at 27,795.10 with a loss of -0.47% percent or -132.48 point. China’s Shanghai Composite is trading at 2,724.62 up with +0.37% percent or +10.02 point. India’s BSE Sensex is trading at 38,329.75 up with +0.11% percent or +44.00 point at 12:15 PM.