SgxNifty Futures Update : 11 Nov 2022

The  SgxNifty Future is trading at 18,380.5 with +1.57% or +283.5 point. The Nikkei 225 Future is trading at 28,258.0 with +0.96% percent or +270.0 point.The Hang Seng Future is trading at 17,261.5 with +2.52% percent or +425.0 point.

 

 

TODAY’S FACTORS AND EVENTS

From the last couple of trading sessions, the market was in a cautious mood and was waiting for a crucial US inflation print for October. On the positive side, the inflation print was cooler than the expected number triggering a rally in equity markets, across the world, including our domestic market. This led to the conclusion that inflation in the US market has peaked, and the US FED may pause the aggressive stance on the rate hikes soon. The market is not very far from an all-time high. Quarterly results have largely been in line with expectations. In the last year, the Indian market had a 92% correlation with the global market. Thus, a new market high cannot be ruled out if global markets are supporting it. Investors need to be patient in this market and invest in a staggered manner. Also, investing in dips will work well in this market. We recommend investors build a position in quality companies (where the earnings visibility is very high) with an investment horizon of 12-18 months.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 18,338.60 with 1.72% percent or +310.40 point.Nikkei 225 is trading at 27,450.05  with 2.98% percent or  +817.47  point. Hong Kong’s Hang Seng is trading at 17,217.57 with a loss of 2.01% or −329.21 point.

WORLD MARKETS

For the day the Dow is trading at 33,715.37 with 3.70% percent or +1,201.43  point. The S&P 500 is trading at 3,956.37 with 5.54% percent or +207.80 point. The Nasdaq Composite is trading at 11,114.15 with 7.35% percent or +760.97 point.

In other parts of world, Japan’s Nikkei 225 is trading at 28,263.57 with 2.98% percent or +817.47 point. Hong Kong’s Hang Seng is trading at 17,228.25 up with 7.13% ercent or +1,147.21  point. China’s Shanghai Composite is trading at 3,087.29 up with +1.69% percent or +51.16  point. India’s BSE Sensex is trading at 61,751.96  up with +1.89% percent or +1,144.64 point at 12:15 PM.