The Nifty Future is trading at 11,334.50 up with +0.21% percent or +23.50 point. The Nikkei 225 Future is trading at 23,203.00 up with +1.32% percent or +303.00 point.The Hang Seng Future is trading at 25,173.50 with a loss of -0.24% percent or -61.50 point.
TODAY’S FACTORS AND EVENTS
The Nifty PSU Bank index surged 4% on Wednesday as against a 0.24% decline in the benchmark share index. Shares of public sector banks rose 1-5% on the National Stock Exchange (NSE).
According to media reports, the government is considering extending the ‘ratna’ title to state-owned lenders like State Bank of India (SBI) and Bank of Baroda. As per government rules, a public sector enterprise can be awarded ‘ratna’ title to give them financial autonomy. Currently, there are four categories of ‘PSU ratna’ in India– miniratna-II, miniratna-I, navratna and maharatna
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 27,976.84 up with +1.05% percent or +289.93 point. The S&P 500 is trading at 3,380.35 up with +1.40% percent or +46.66 point. The Nasdaq Composite is trading at 11,012.24 up with +2.13% percent or +229.42 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 23,249.61 up with +1.78% percent or +405.65 point. Hong Kong’s Hang Seng is trading at 25,230.67 with a loss of –0.053% percent or ?13.35 point. China’s Shanghai Composite is trading at 3,320.73 up with +0.044% percent or +1.46 point. India’s BSE Sensex is trading at 38,315.02 with a loss of –0.14% percent or –54.61 point at 12:15 PM.