SgxNifty Futures Update : 04 March 2022
The SgxNifty Future is trading at 16,402.00 with a loss of -0.63% or -103.60 point. The Nikkei 225 Future is trading at 26,113.00 with a loss of -2.05% percent or -547.00 point.The Hang Seng Future is trading at 21,845.00 with a loss of -2.35% percent or -525.00 point.
TODAY’S FACTORS AND EVENTS
Motilal Oswal’s top picks are HNDL, NACL and COAL as these companies are expected to benefit from rising commodities prices. “We expect steel prices in Europe to rally and remain elevated and Tata Steel is likely to be the key beneficiary of the same. The key risk to our call is curtailment in consumption at high prices resulting in sharp commodity price correction
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 16,392.70 with a loss of -0.64% percent or ?105.35 point.Nikkei 225 is trading at 25,985.47 with a loss of -2.23% percent or ?591.80 point. Hong Kong’s Hang Seng is trading at 21,902.40 with a loss of -2.51% or ?564.94 point.
WORLD MARKETS
For the day the Dow is trading at 33,794.66 with a loss of 0.29%percent or –96.69 point. The S&P 500 is trading at 4,363.49 with a loss of –0.53% percent or ?23.05 point. The Nasdaq Composite is trading at 13,537.94 with a loss of 1.56% percent or –214.08 point.
In other parts of world, Japan’s Nikkei 225 is trading at 25,985.47 with a loss of –2.23% percent or ?591.80 point. Hong Kong’s Hang Seng is trading at 21,876.70 with a loss of –2.63%ercent or –590.64 point. China’s Shanghai Composite is trading at 3,439.68 with a loss of –1.19% percent or –41.43 point. India’s BSE Sensex is trading at 54,251.05 with a loss –1.55% percent or –851.63 point at 12:15 PM.