The SGX Nifty Future is trading at 11,053.50 with a loss of -1.11% percent or -124.55 point. The Nikkei 225 Future is trading at 23,648.00 up with +4.82% percent or +1,088.00 point . The Hang Seng Future is trading at 27,516.00 with a loss of -1.54% percent or -430.00 point.
TODAY’S FACTORS AND EVENTS
The Nifty50 is expected to open in the red on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
At 8:30 am, the SGX Nifty was 25 points, or 0.22 per cent, down at 11,196.
ETMarkets.com collated a list of trading ideas from various experts and here’s what they had recommended for today’s trade:
Chandan Taparia, AVP- technical & derivatives, Motilal Oswal Securities
Tata Consultancy Services is a ‘Buy’ call with a target price of Rs 2,190 and a stop loss of Rs 2,060.
BPCLNSE -1.46 % is a ‘Buy’ call with a target price of Rs 399 and a stop loss of Rs 364.
ITC is a ‘Buy’ call with a target price of Rs 317 and a stop loss of Rs 297.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,743.50 up with +0.32% percent or +86.52 point. The S&P 500 is trading at 2,929.67 with a loss of -0.037% percent or ?1.08 point. The Nasdaq Composite is trading at 7,986.96 with a loss of -0.51% percent or -41.28 point.
In other parts of world, Japan’s Nikkei 225 is trading at 23,869.93 up with +0.82% percent or +195.00 point. Hong Kong’s Hang Seng is trading at 27,472.22 with a loss of – 1.72% percent or -481.36 point. China’s Shanghai Composite is trading at 2,797.48 up with +2.50% percent or +68.24 point. India’s BSE Sensex is trading at 36,307.48 with a loss of -1.45% percent or -534.12 point at 12:15 PM.