The  SgxNifty Future is trading at 13,459.20 with a loss of -0.80% percent or -108.50 point. The Nikkei 225 Future is trading at 26,652.50 with a loss of -0.77% percent or -207.50 point.The Hang Seng Future is trading at 26,386.00 with a loss of -0.59% percent or -157.00 point.

TODAY’S FACTORS AND EVENTS

Axis Bank sought the Competition Commission of India’s (CCI) nod for its deal to acquire up to 20% stake in Max Life Insurance Company Ltd (Max Life) on Wednesday. The deal involves a stake sale to the bank’s subsidiaries, Axis Capital and Axis Securities as well. As per the agreement, Axis Bank’s existing 2% stake in Max Life will increase to 9.9% while Axis Capital and Axis Securities will acquire 2% and 1% stake, respectively, in the target firm.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 13,436.10 with a loss of – percent or 93.00 point.Nikkei 225 is trading at 26,756.24 with a loss of –percent or  -61.70 point. Hong Kong’s Hang Seng is trading at 26,382.90 with  a loss of – percent or119.94 point.

WORLD MARKETS

For the day the Dow is trading at 30,068.81 with a loss of –percent or –105.07 point. The S&P 500 is trading at 3,672.82 with a loss of – percent or –29.43 point. The Nasdaq Composite is trading at 12,338.95  with a loss of – percent or  -243.82 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 26,756.24 with a loss of –percent or  ?61.70 point. Hong Kong’s Hang Seng is trading at 26,378.19 with a loss of –percent or -124.65 point. China’s Shanghai  Composite is trading at 3,372.77 with + percent or +0.81 point. India’s BSE Sensex is trading at 45,736.13  with a loss of –percent or  ?367.37 point at 12:15 PM.

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