SgxNifty Futures Update : 29 Dec 2022

The  SgxNifty Future is trading at 17,999.0 with a loss of -0.76% or -138.0 point. The Nikkei 225 Future is trading at 26,020.0 up with -0.17% percent or -45.0 point.The Hang Seng Future is trading at 19,798.0  with +0.19% percent or +38.0 point.

 

TODAY’S FACTORS AND EVENTS

Indian rupee erased opening losses as domestic equities strengthen ahead of the year-end adjustment. Today’s gain was followed by the year-end fixing and lower crude oil prices.

Spot USDINR is still in the range of 82.40 to 83 backed by thin volumes and muted December months expiry.

We expect spot USDINR to trade within the range of 82.40 to 83 for the next few days. The directional move can be seen either above 83 or below 82.40.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 18,015.65 with 0.59% percent or −106.85  point.Nikkei 225 is trading at 26,068.61 with 1.03% percent or  −271.89  point. Hong Kong’s Hang Seng is trading at 19,713.37 with a loss of -0.93% or −185.54 point.

 

WORLD MARKETS

For the day the Dow is trading at 32,875.71 with a loss of –1.10% percent or −365.85 point. The S&P 500 is trading at 3,783.22 with 1.20% percent or −46.03  point. The Nasdaq Composite is trading at 10,213.29 with a loss of –1.35% percent or −139.94 point.

In other parts of world, Japan’s Nikkei 225 is trading at 26,060.53 with 1.06%  percent or −279.97 point. Hong Kong’s Hang Seng is trading at 19,688.24 up with 1.06% ercent or −210.67  point. China’s Shanghai Composite is trading at 3,075.19 with a loss of –0.40% percent or −12.21 point. India’s BSE Sensex is trading at 60,559.56 with a loss of –0.58% percent or −350.72 point at 12:15 PM.