SgxNifty Futures Update : 20 Oct 2021
The SgxNifty Future is trading at 18,307.00 with -0.68% or -125.45 point. The Nikkei 225 Future is trading at 29,308.00 with +0.16% percent or +48.00 point.The Hang Seng Future is trading at 26,058.00 with +1.10% percent or +283.00 point.
TODAY’S FACTORS AND EVENTS
the second quarter is a seasonally weak quarter for the sector due to the monsoon, the current quarter has been additionally impacted by rising electricity and fuel costs, which have dented the margins.
Nevertheless, Ultratech is the best bet on the sector’s revival and India’s growing infrastructure, owing to its dominant scale and highly efficient operations. While power inflation will keep costs elevated, we expect the company to increase prices in Q3FY22 to pass on rising costs and protect its margin.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 18,335.75 with a loss of –0.45% percent or ?83.00 point.Nikkei 225 is trading at 29,255.55 up with 0.14% percent or +40.03 point. Hong Kong’s Hang Seng is trading at 26,090.70 up with +1.18% or +303.49 point.
WORLD MARKETS
For the day the Dow is trading at 35,457.31 up with +0.56%percent or +198.70 point. The S&P 500 is trading at 4,519.63 up with +0.74% percent or +33.17 point. The Nasdaq Composite is trading at 15,129.09 up with +0.71% percent or +107.28 point.
In other parts of world, Japan’s Nikkei 225 is trading at 29,266.36 up with +0.17% percent or +50.84 point. Hong Kong’s Hang Seng is trading at 26,108.18 up with +1.24% ercent or +320.97 point. China’s Shanghai Composite is trading at 3,588.06 with a loss of –0.14% percent or 5.09 point. India’s BSE Sensex is trading at 61,487.67 with a loss of –0.37% percent or –228.38 point at 12:15 PM.