SgxNifty Futures Update : 01 June 2022
The SgxNifty Future is trading at 16,439.2 with a loss of -0.83% or -133.1 point. The Nikkei 225 Future is trading at 27,508.0 with +0.91% percent or +248.0 point.The Hang Seng Future is trading at 21,132.0 with a loss of -1.22% percent or -262.0 point.
TODAY’S FACTORS AND EVENTS
Profit-booking at higher dragged the benchmark indices in an otherwise clueless market. With corporate earning seasons nearing an end, traders have started hunting for new clues to drive the market also a lot of shift in portfolios happening.. Reality and media continued the positive momentum whereas banking and energy stocks registered profit booking at higher levels. Technically, a double top formation on intraday charts and Doji candlestick formation on daily charts indicate further weakness from the current levels. We are of the view that in the near future 16700 (55925 on the BSE Sensex) would act as a key resistance level for the traders.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 16,488.80 with a loss of -0.58% percent or -95.75 point.Nikkei 225 is trading at 27,457.89 up with +0.65% percent or +178.09 point. Hong Kong’s Hang Seng is trading at 20,530.38 up with +2.06% or +414.18 point.
WORLD MARKETS
For the day the Dow is trading at 32,990.12 with a loss of –0.67% percent or –222.84 point. The S&P 500 is trading at 4,132.15 with a loss of –0.63% percent or ?26.09 point. The Nasdaq Composite is trading at 12,081.39 with a loss of –0.41% percent or –49.74 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,457.89 up with +0.65% percent or +178.09 point. Hong Kong’s Hang Seng is trading at 21,294.94 with a loss of –0.56% ercent or –120.26 point. China’s Shanghai Composite is trading at 3,182.16 with a loss of –0.13% percent or –4.27 point. India’s BSE Sensex is trading at 55,179.32 with a loss of –0.70% percent or –387.09 point at 12:15 PM.