The SgxNifty Future is trading at 14,794.80 with a loss of -0.67% percent or -100.15 point. The Nikkei 225 Future is trading at 28,917.50 with a loss of -0.35% percent or -100.50 point.The Hang Seng Future is trading at 28,459.50 with a loss of -2.85% percent or -835.50 point.
TODAY’S FACTORS AND EVENTS
Interactions with leading channel partners indicate sharp decline in month-on-month retails led by regional lockdowns, supply challenges for few OEMs and lower footfalls (down 45-50 percent) in key festive/ marriage season. Unlike last year, this time rural sales are also impacted as retails and urban are expected to decline 40- 42 percent and 60-62 percent MoM respectively. Consequently, we expect wholesale for the month of April’21 to decline 15-20 percent MoM across segments,” said Prabhudas Lilladher.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 14,729.35 with a loss of – percent or ?165.55 point.Nikkei 225 is trading at 28,812.63 with a loss of –percent or –241.34 point. Hong Kong’s Hang Seng is trading at 28,724.88 with a loss of –percent or –578.38 point.
WORLD MARKETS
For the day the Dow is trading at 34,060.36 up with +percent or +239.98 point. The S&P 500 is trading at 4,211.47 up with percent or +28.29 point. The Nasdaq Composite is trading at 14,082.55 up with + percent or +31.52 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 28,770.35 with a loss of –percent or ?283.62 point. Hong Kong’s Hang Seng is trading at 28,799.80 with a loss of – percent or –503.46 point. China’s Shanghai Composite is trading at 3,435.67 with a loss of – percent or –39.23 point. India’s BSE Sensex is trading at 49,411.58 with a loss of – percent or ?354.36 point at 12:15 PM.