Sgx Nifty Futures Opening Update as on 07 Feb 2020

The  Sgx Nifty Future is trading at 12,089.50 with a loss of -0.39% percent or -46.85 point. The Nikkei 225 Future is trading at 23,818.00 with a loss of -0.05% percent or -12.00 point.The Hang Seng Future is trading at 27,288.00 with a loss of -0.33% percent or -89.00 point.

TODAY’S FACTORS AND EVENTS

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

ET Now spoke to various experts and here’s what they have to recommend for today’s trade:

power Grid is a ‘Buy’ call with a target price of Rs 203 and a stop loss of Rs 188.

Page Industries is a ‘Sell’ call with a target price of Rs 23,000 and a stop loss.

Escorts is a ‘Buy’ call with a target price of Rs 875 and a stop loss of Rs 848.

PREVIOUS DAY ACTIVITY

 For the day the  Sgx nifty closed at 12,085.40 with a loss of –0.43% percent or –52.55 point.Nikkei 225 is trading at 23,827.98 with a loss of –0.19% percent or –45.61  point. Hong Kong’s Hang Seng is trading at 27,404.27 with a loss of –0.33% percent or –89.43  point.

WORLD MARKETS

For the day the Dow is trading at 29,379.77 up with +0.30% percent or +88.92  point. The S&P 500 is trading at 3,345.78 up with +0.33% percent or +11.09 point. The Nasdaq Composite is trading at 9,572.15 up with +0.67% percent or +63.47 point.

In other parts of world, Japan’s Nikkei 225 is trading at 23,827.98 with a loss of –0.19% percent or –45.61  point. Hong Kong’s Hang Seng is trading at 27,334.94 with a loss of –0.58% percent or –158.76 point. China’s Shanghai Composite is trading at 2,875.96 up with +0.33% percent or  +9.45 point. India’s BSE Sensex is trading at 41,190.78 with a loss of –0.28% percent or –115.25 point at 12:15 PM.