The SgxNifty Future is trading at 15,388.50 with +1.18% percent or +179.20 point. The Nikkei 225 Future is trading at 29,145.00 with +0.57% percent or +165.00 point.The Hang Seng Future is trading at 29,354.00 up with +1.91% percent or +550.00 point.
TODAY’S FACTORS AND EVENTS
The market has continued being sluggish! We have not been successful in getting past the 15300 which is the upper end of the Nifty’s current trading range. Neither have we broken down. This is a classic case of range bound movement where the index is taking time to decide on its next course of direction. Until one end of the range is taken out, patience would be the best virtue to exercise as any hasty decision could result in stops being triggered.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 15,174.80 with percent or +76.40 point.Nikkei 225 is trading at 29,036.56 up with percent or +175.08 point. Hong Kong’s Hang Seng is trading at 29,333.27 up with + percent or +425.75 point.
WORLD MARKETS
For the day the Dow is trading at 32,297.02 up with +percent or +464.28 point. The S&P 500 is trading at 3,898.81 up with + percent or ++23.37 point. The Nasdaq Composite is trading at 13,068.83 with a loss of percent or -4.99 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 29,211.64 up with +percent or +175.08 point. Hong Kong’s Hang Seng is trading at 29,247.18 up with + percent or +339.66 point. China’s Shanghai Composite is trading at 3,435.16 up with + percent or +77.43 point. India’s BSE Sensex is trading at 51,279.51 up with percent or +254.03 point at 12:15 PM.