Sgx Nifty Futures Opening Update as on 07 April 2020

The  Sgx Nifty Future is trading at 8,635.50 up with +6.49% percent or +526.50 point. The Nikkei 225 Future is trading at 19,252.50 up with +3.68% percent or +682.50 point.The Hang Seng Future is trading at 24,150.00 up  with +1.73% percent or +410.00 point.

TODAY’S FACTORS AND EVENTS

The Nifty Auto Index has lagged Nifty-50 by c.40 per cent since January 2018, but the brokerage sees further headwinds for the sector in FY21 with 13-30 per cent YoY earning decline for its covered companies. FY21, especially the first half, is likely to be tough, but double-digit EPS CAGR is foreseen in FY22-23. The brokerage likes Maruti’s strong franchise, healthy long-term growth outlook, and robust balance sheet.

PREVIOUS DAY ACTIVITY

 For the day the  nifty closed at 8579.20 up with +6.13%   percent or +495.40  point.Nikkei 225 is trading at 18,950.18 up with +2.01% percent or +373.88  point. Hong Kong’s Hang Seng is trading at 24,165.15 up with +1.75% percent or +416.03 point.

WORLD MARKETS

For the day the Dow is trading at 22,679.99 up with +7.73% percent or +1,627.46 point. The S&P 500 is trading at 2,663.68 up with +7.03% percent or +175.03 point. The Nasdaq Composite is trading at 7,913.24 up with +7.33% percent or +540.15  point.

In other parts of world, Japan’s Nikkei 225 is trading at 18,950.18 up with +2.01% percent or +373.88 point. Hong Kong’s Hang Seng is trading at 24,147.31 up with +1.68%  percent or +398.19  point. China’s Shanghai  Composite is trading at 2,818.58 up with +1.98% percent or +54.59  point. India’s BSE Sensex is trading at 29,259.04 up with +6.05% percent or +1,668.09 point at 12:15 PM.

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