SgxNifty Futures Update : 08 April 2022
The Nifty Future is trading at 17,865.00 with +0.76% or +134.65 point. The Nikkei 225 Future is trading at 27,052.50 with +0.57% percent or +152.50 point.The Hang Seng Future is trading at 21,748.50 with a loss of –0.25% percent or -53.50 point.
TODAY’S FACTORS AND EVENTS
In the first monetary policy for the financial year 2023, the RBI has kept key policy rates unchanged and maintained its accommodative stance to revive growth. Despite a strong economic recovery and a less disruptive Omicron wave, the geopolitical tensions, supply chain disruptions, commodity inflation, and oil prices sky-rocketing, RBI revised its inflation estimates for FY23 upwards to 5.7% from 4.5% earlier. GDP growth is likely to be impacted and expected at 7.2% for FY23 (vs 7.8% earlier). We believe, over the medium-term, policy rates are likely to gradually inch up
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 17,697.50 up with +0.33% percent or +57.95 point.Nikkei 225 is trading at 26,985.80 with 0.36% percent or +97.23 point. Hong Kong’s Hang Seng is trading at 21,736.27 with a loss of -0.33% or?72.71 point.
WORLD MARKETS
For the day the Dow is trading at 34,583.57 with 0.25% percent or +87.06 point. The S&P 500 is trading at 4,500.21 with 0.43% percent or +19.06 point. The Nasdaq Composite is trading at 13,897.30 up with 0.061% percent or +8.48 point.
In other parts of world, Japan’s Nikkei 225 is trading at 26,920.26 with 0.12% percent or +31.45 point. Hong Kong’s Hang Seng is trading at 21,774.06 with a loss of –0.16% ercent or –34.92 point. China’s Shanghai Composite is trading at 3,253.09 with 0.51% percent or +16.30 point. India’s BSE Sensex is trading at 58,925.54 with a loss of –0.19% percent or –109.41 point at 12:15 PM.