The Sgx Nifty Future is trading at 11,021.50 up with +0.85% percent or +92.50 point. The Nikkei 225 Future is trading at 22,683.00 with +0.04% percent or +10.00 point.The Hang Seng Future is trading at 25,112.50 with a loss of -0.21% percent or -52.00 point.
TODAY’S FACTORS AND EVENTS
The market is expected to cross 11,000 soon as per technical analysis. While fundamentally the Asian markets have witnessed a sharp rebound and continue to remain strong owing to which Nifty retracting to 10,000 seems difficult. As FII inflows continue to remain strong the liquidity remains healthy and hence sharper correction without a specific event trigger on domestic/global seems unlikely and bullish trend is expected to continue from minor retracement from time to time.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 26,671.95 with a loss of -0.23% percent or -0.23% point. The S&P 500 is trading at 3,224.73 up with +0.28% percent or +9.16 point. The Nasdaq Composite is trading at 10,503.19 up with +0.28% percent or +29.36 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,717.48 up with +0.093% percent or +21.06 point. Hong Kong’s Hang Seng is trading at 25,057.99 with a loss of –0.12% percent or –31.18 point. China’s Shanghai Composite is trading at 3,314.15 up with +3.11% percent or +100.02 point. India’s BSE Sensex is trading at 37,418.99 up with +1.08% percent or +398.85 point at 12:15 PM.