Sgx Nifty Futures Opening Update as on 29 May 2020

The  Sgx Nifty Future is trading at 9,490.50  up with +0.32% percent or +30.50 point. The Nikkei 225 Future is trading at 21,723.00  with a loss of -1.39% percent or -307.00 point.The Hang Seng Future is trading at 22,792.50 with a loss of -1.45% percent or -335.50 point.

TODAY’S FACTORS AND EVENTS

A potential investment by Google into cash-strapped Vodafone Idea (VIL), if materialises, will be a strategic positive for the Indian telecom operator, but a 5 percent stake would be still be inadequate to solve the telcos’ debt problems, analysts said on Friday.

Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.

Alphabet Inc’s Google is said to be eyeing about 5 per cent stake in VIL, the Financial Times had reported on Thursday. Such an investment in VIL will pit the search giant against Facebook which has picked up a stake in Jio Platforms, the firm that houses India”s youngest but biggest telecom company

PREVIOUS DAY ACTIVITY

 For the day the  nifty closed at 9,502.75 up with +0.13% percent or  +12.65  point.Nikkei 225 is trading at 21,877.89 with a loss of –0.18% percent or –38.42  point. Hong Kong’s Hang Seng is trading at 22,961.47 with a loss of –0.74% percent or –171.29 point.

WORLD MARKETS

For the day the Dow is trading at 25,400.64 with a loss of -0.58% percent or -147.63 point. The S&P 500 is trading at 3,029.73  with a loss of –0.21% percent or -6.40 point. The Nasdaq Composite is trading at 9,368.99 with a loss of -0.46% percent or -43.37 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 21,877.89 with a loss of –0.18% percent or –38.42 point. Hong Kong’s Hang Seng is trading at 22,973.96  with a loss of –0.69% percent or –158.80 point. China’s Shanghai  Composite is trading at 2,852.35 up with +0.22% percent or +6.13 point. India’s BSE Sensex is trading at 32,113.73 with a loss of -0.27% percent or –83.19 point at 12:15 PM.

You may also like...

Rules of Discussion on Sgx Nifty Futures Opening Update as on 29 May 2020

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.

Loading comments …