Sgx Nifty Futures Opening Update as on 12 May 2020

The  Sgx Nifty Future is trading at 9,210.00  with a loss of -0.05% percent or -5.00 point. The Nikkei 225 Future is trading at 20,393.00  with a loss of -0.47% percent or -97.00 point.The Hang Seng Future is trading at 24,535.50 with a loss of -1.39% percent or -341.50 point.

TODAY’S FACTORS AND EVENTS

The nationwide lockdown to contain COVID-19 will have a negative impact on the real estate sector in the short term, affecting sales and cash-flow of builders, while accelerating the pace of consolidation in the sector, Godrej Properties said.

However, the company said it would continue to grow, helped by its brand image and various projects lined up to be launched. It had clocked record sales booking of nearly Rs 6,000 crore during the last fiscal year.

In its investor presentation, the Mumbai-based firm said: Due to the nationwide lockdown, existing construction activity has come to a halt which will extend construction timelines.

PREVIOUS DAY ACTIVITY

 For the day the  nifty closed at 9,177.50 with a loss of –0.67% percent or –61.70 point.Nikkei 225 is trading at 20,366.48 with a loss of –0.12% percent or –24.18 point. Hong Kong’s Hang Seng is trading at 24,245.68 with a loss of –1.45%percent or –356.38  point.

WORLD MARKETS

For the day the Dow is trading at 24,221.99  with a loss of -0.45% percent or -109.33  point. The S&P 500 is trading at 2,930.32 up with +0.018% percent or +0.52 point. The Nasdaq Composite is trading at 9,192.34 up with +0.78%percent or +71.02 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,366.48 with a loss of –0.12% percent or ?24.18  point. Hong Kong’s Hang Seng is trading at 24,245.68 with a loss of –1.45% percent or –356.38  point. China’s Shanghai  Composite is trading at 2,891.56 with a loss of –0.11% percent or –3.25 point. India’s BSE Sensex is trading at 31,447.05  with a loss of –0.36% percent or –114.17  point at 12:15 PM.