Nifty Futures Update : 23 July 2021

The  SgxNifty Future is trading at 15,875.00 up with +0.37% or +58.10 point. The Nikkei 225 Future is trading at 28,110.00 up with +0.44% percent or +122.50 point.The Hang Seng Future is trading at 27,273.50 up with -1.56% percent or -431.50 point.

TODAY’S FACTORS AND EVENTS

Zomato debuted in the Indian market with a strong listing gain of more than 50%. Post listing, stock price has further jumped to Rs 138 and the company has made a debut in the Rs 1 lakh crore market cap club. This signifies a strong risk appetite for the new and next generation business models. Today’s listing performance will provide a positive signal to the Indian start-up ecosystem. We could see this trend to continue in the upcoming IPOs, as the present market conditions are conducive for the primary market.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 15,866.05 up with +0.27% percent or +42.00 point.Nikkei 225 is trading at 27,548.00 up with +0.58% percent or +159.84 point. Hong Kong’s Hang Seng is trading at 27,297.49  with a loss of -1.54% percent or -426.35 point.

WORLD MARKETS

For the day the Dow is trading at 34,823.35  up with +0.073% percent or +25.35 point. The S&P 500 is trading at 4,367.48 up with +0.20% percent or +8.79 point. The Nasdaq Composite is trading at 14,684.60 up with +0.36% percent or +52.64 point.

In other parts of world, Japan’s Nikkei 225 is trading at 27,548.00 up with +0.58% percent or +159.84 point. Hong Kong’s Hang Seng is trading at 27,431.00  with a loss of –1.06% percent or ?292.84 point. China’s Shanghai Composite is trading at 3,551.45 with a loss of –0.65% percent or –23.29 point. India’s BSE Sensex is trading at 52,925.15 up with +0.17% percent or ++87.94 point at 12:15 PM