The SgxNifty Future is trading at 13,074.20 up with +1.03% percent or +133.20 point. The Nikkei 225 Future is trading at 26,253.00 up with +1.16% percent or +300.00 point.The Hang Seng Future is trading at 26,505.00 up with +0.31% percent or +81.50 point.
TODAY’S FACTORS AND EVENTS
Nifty has surpassed last week’s high as well as the psychological 13000 level. The rally today has been broad-based, led by gains among auto, banking, and IT stocks. While short-term oscillators continue pointing at overbought conditions, the momentum is strongly skewed to the upside, with every minor dip being bought.
With 12963 and 13000 surpassed, we could see the index heading towards 13390-13530 levels in the days ahead. On the downside, key support now lies at 12770-12730.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 29,263.48 with a loss of –percent or -219.75 point. The S&P 500 is trading at 3,557.54 with a loss of – percent or ?24.33 point. The Nasdaq Composite is trading at 11,854.97 with a loss of – percent or –49.74 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 25,527.37 with a loss of –percent or –106.97 point. Hong Kong’s Hang Seng is trading at 26,432.24 with a loss of –percent or ?19.30 point. China’s Shanghai Composite is trading at 3,410.49 with + percent or +32.76point. India’s BSE Sensex is trading at 43,937.30 up with +percent or +55.05 point at 12:15 PM.