Sgx Nifty Futures Opening Update as on 02 Jan 2020

The  Sgx Nifty Future is trading at 12,331.00 up with +0.70% percent or +86.00 point. The Nikkei 225 Future is trading at 23,605.00 up with +0.69% percent or +162.50 point.The Hang Seng Future is trading at 28,581.00 with +1.05% percent or +296.50  point.

TODAY’S FACTORS AND EVENTS

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

M&M is a ‘Buy’ call with a target price of Rs 570 and a stop loss of Rs 525.

Torrent Power is a ‘Buy’ call with a target price of Rs 300 and a stop loss of Rs 277.

Hero MotoCorp is a ‘Sell’ call with a target price of Rs 2400 and a stop loss of Rs 2460.

PREVIOUS DAY ACTIVITY

 For the day the  Sgx nifty closed at 12,330.00 up with +0.69% percent or +85.00 point.Nikkei 225 is trading at 23,656.62 with a loss of –0.76% percent or –181.10 point. Hong Kong’s Hang Seng is trading at 28,517.25 up with +1.16% percent or +327.50  point.

WORLD MARKETS

For the day the Dow is trading at 28,538.44  with a loss of –0.37% percent or –106.82 point. The S&P 500 is trading at 3,230.78 up with +0.29% percent or +9.49 point. The Nasdaq Composite is trading at 8,972.60 up with +0.30% percent or +26.61  point.

In other parts of world, Japan’s Nikkei 225 is trading at 23,656.62 with a loss of –0.76% percent or -181.10 point. Hong Kong’s Hang Seng is trading at 28,502.44 up with 1.11% percent or +312.69 point. China’s Shanghai Composite is trading at 3,086.10 up with +1.18% percent or +35.98   point. India’s BSE Sensex is trading at 41,520.30 up with +0.52% percent or +214.28 point at 12:15 PM.