Sgx Nifty Futures Opening Update as on 29 Jan 2020

The  Sgx Nifty Future is trading at 12,199.80 up with +1.03% percent or +124.75 point. The Nikkei 225 Future is trading at 23,310.00  with a loss of -0.22% percent or -52.50 point.The Hang Seng Future is trading at 27,067.00 with a loss of -2.92% percent or -815.00 point.

TODAY’S FACTORS AND EVENTS

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

Tata SteelNSE 1.01 % is a ‘Buy’ call with a target price of Rs 470 and a stop loss of Rs 439.

SAIL is a ‘Buy’ call with a target price of Rs 49.50 and a stop loss of Rs 45.50.

Bharti Airtel is a ‘Buy’ call with a target price of Rs 506 and a stop loss of Rs 484.

PREVIOUS DAY ACTIVITY

 For the day the Sgx  nifty closed at 12,173.50 up with +0.87% percent or +105.50  point.Nikkei 225 is trading at 23,379.40 up with +0.71% percent or +163.69   point. Hong Kong’s Hang Seng is trading at 27,159.26 with a loss of –2.83% percent or –790.38 point.

WORLD MARKETS

For the day the Dow is trading at 28,722.85 up with +0.66% percent or  +187.05   point. The S&P 500 is trading at 3,276.24 up with +1.01% percent or +32.61 point. The Nasdaq Composite is trading at 9,269.68 up with +1.43% percent or +130.37 point.

In other parts of world, Japan’s Nikkei 225 is trading at 23,379.40 up with +0.71% percent or +163.69   point. Hong Kong’s Hang Seng is trading at 27,149.66 with a loss of –2.86% percent or –799.98  point. China’s Shanghai Composite is trading at 23,379.40 with a loss of –2.75% percent or –84.23 point. India’s BSE Sensex is trading at 41,277.85 up with +0.76% percent or +310.99 point at 12:15 PM.