SGX Nifty Futures Opening Update as on 22 July 2019

The SGX Nifty Future is trading at 11,338.50 with a loss of -0.80% percent or -91.00 point. The Nikkei 225 Future is trading at 21,367.00 up with +0.03% percent or +7.00 point.The Hang Seng Future is trading at 28,392.00  with a loss of -1.50% percent or -431.50 point.

TODAY’S FACTORS AND EVENTS

Domestic equity market is likely to open lower on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues

Escorts is a ‘Sell’ call with a target price of Rs 470 and a stop loss of Rs 530.

Biocon is a ‘Sell’ call with a target price of Rs 231 and a stop loss of Rs 247

IGL is a ‘Buy’ call with a target price of Rs 330 and a stop loss of Rs 313.

PREVIOUS DAY ACTIVITY

 For the day the Sgx Nifty closed at 11,338.50   with a loss of -0.80% percent or -91.00  point.Nikkei 225 is trading at 21,416.79   with a loss of -0.23% percent or -50.20 point. Hong Kong’s Hang Seng is trading at 28,371.26  with a loss of -1.50% percent or -432.00 point.

WORLD MARKETS

For the day the Dow is trading at 27,154.20   with a loss of -0.25% percent or -68.77 point. The S&P 500 is trading at 2,976.61 with a loss of -0.62% percent or -18.50 point. The Nasdaq Composite is trading at 8,146.49  with a loss of -0.74% percent or -60.75 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,416.79   with a loss of -0.23% percent or -50.20 point. Hong Kong’s Hang Seng is trading at 28,371.26  with a loss of -1.37% percent or -394.14 point. China’s Shanghai Composite is trading at 2,886.97 with a loss of -1.27% percent or -37.23 point. India’s BSE Sensex is trading at 38,522.36   with a loss of -0.87% percent or -334.62 point at 12:15 PM.