Sgx Nifty Futures Opening Update as on 12 March 2020

The  Sgx Nifty Future is trading at 9,532.50 with a loss of -8.49% percent or -884.00 point. The Nikkei 225 Future is trading at 18,012.50 with a loss of -1.89% percent or –347.50  point.The Hang Seng Future is trading at 24,234.50 with a loss of -3.56% percent or –894.50 point.

TODAY’S FACTORS AND EVENTS

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

HDFC Bank is a ‘Buy’ call with a target price of Rs 1160 and a stop loss of Rs 1070.

IndusInd Bank is a ‘Sell’ call with a target price of Rs 860 and a stop loss of Rs 920.

PREVIOUS DAY ACTIVITY

 For the day the  Sgx nifty closed at 9,532.50  with a loss of -8.49% percent or –884.00  point.Nikkei 225 is trading at 18,559.63 with  a loss of –4.41% percent or –856.43 point. Hong Kong’s Hang Seng is trading at 24,309.07 with a loss of –3.66% percent or –922.54 point.

WORLD MARKETS

For the day the Dow is trading at 23,553.22  with a loss of –5.86% percent or –1,464.94  point. The S&P 500 is trading at 2,741.38 with a loss of –4.89% percent or –140.85 point. The Nasdaq Composite is trading at 7,952.05 with a loss of –4.70% percent or –392.20  point.

In other parts of world, Japan’s Nikkei 225 is trading at 18,559.63 with a loss of –4.41% percent or –856.43 point. Hong Kong’s Hang Seng is trading at 24,290.68 with a loss of –3.73% percent or –940.93 point. China’s Shanghai  Composite is trading at 2,923.49 with a loss of –1.52% percent or –45.03  point. India’s BSE Sensex is trading at 33,409.94 with a loss of –6.41% percent or –2,287.46  point at 12:15 PM.