sgxNifty Futures Update : 01 Feb 2022

The  SgxNifty Future is trading at 17,412.50 with +0.29% or +50.55 point. The Nikkei 225 Future is trading at 27,083.00 up with +0.12% percent or +33.00 point.The Hang Seng Future is trading at 23,835.00 up  with +1.49% percent or +349.00 point.

 

 

TODAY’S FACTORS AND EVENTS

Announcement of the Digital Rupee is one of the most awaited announcements. It is important to understand how other Crypto assets will be taxed and whether there will be any specific benefit given to the Digital Rupee. With no deduction for cost, tax rate at 30%, tax on mining/gifting and no offset of loss against income from other sources, the FM has announced the much-needed clarity on crypto transactions. However, tracking such transactions in the absence of a central regulator may be challenging,” said Pranay Bhatia, Partner and Leader – Tax and Regulatory Services, BDO India.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 17,566.05 up with  +1.30% percent or +226.20 point.Nikkei 225 is trading at 27,078.48 with +0.28% percent or +0.28% point. Hong Kong’s Hang Seng is trading at 23,802.26 up  with +1.07% or +252.18 point.

WORLD MARKETS

For the day the Dow is trading at 35,131.86  up with +1.17%percent or +406.39  point. The S&P 500 is trading at 4,515.55 up with +1.89% percent or +83.70 point. The Nasdaq Composite is trading at 14,239.88 up with +3.41% percent or +469.31   point.

In other parts of world, Japan’s Nikkei 225 is trading at 27,078.88 up with +0.28% percent or +76.90  point. Hong Kong’s Hang Seng is trading at 23,802.26 up with +1.07% ercent or +252.18 point. China’s Shanghai Composite is trading at 3,361.44 with a loss of –0.97% percent or ?32.81  point. India’s BSE Sensex is trading at 58,774.41 up with 1.31% percent or +760.24  point at 12:15 PM.

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