The SGX Nifty Future is trading at 11,957.00 with a loss of -0.23% percent or -27.50 point. The Nikkei 225 Future is trading at 23,317.50 with a loss of -0.01% percent or -2.50 point.The Hang Seng Future is trading at 27,679.00 up with +0.26% percent or +72.00 point.
TODAY’S FACTORS AND EVENTS
Stocks with little say in benchmark Nifty saw strong buying interest from mutual funds (MFs) in September quarter, as the hunt for value intensified on Dalal Street.
These DIIs hiked stakes in 17 Nifty companies by 100 basis points this past quarter, even when 14 of these stocks have failed to match the index’s 12 per cent return so far in Calendar 2019. These stocks mostly included Nifty non-heavyweights.
This suggests fund managers are expecting non-performing largecaps to play catchup from here on as index heavyweights become crowded trades.
For the day the Dow is trading at 27,462.11 up with +0.42% percent or +114.75 point. The S&P 500 is trading at 3,078.27 up with 0.37% percent or +11.36 point. The Nasdaq Composite is trading at 8,433.20 up with +0.56% percent or +46.80 point.
In other parts of world, Japan’s Nikkei 225 is trading at 23,251.99 with +1.76% percent or +401.22 point. Hong Kong’s Hang Seng is trading at 27,621.28 up with +0.27% percent or ++73.98 point. China’s Shanghai Composite is trading at 2,991.56 up with +0.54% percent or +16.07 point. India’s BSE Sensex is trading at 40,140.08 with a loss of –0.39% percent or –156.29 point at 12:15 PM.