SgxNifty Futures Update : 05 Jan 2023
The SgxNifty Future is trading at 18,142.5 up with +0.17% or +31.5 point. The Nikkei 225 Future is trading at 25,787.5 with a loss of -0.20% percent or -50.5 point.The Hang Seng Future is trading at 21,103.5 with a loss of -0.93% percent or -198.5 point.
TODAY’S FACTORS AND EVENTS
After a sharp drop the previous day, low-level buying pushed the Nifty higher on January 5 morning but the gains were capped. The index rose 47 points or 0.26 percent to 18,089.95 and the Nifty futures rose 57.15 points to 18,160.20.
Traders were seen unwinding their positions across strikes, with most unwinding happening at 18,200 followed by 18,300. Some fresh writing was seen in deeper strikes on both sides.
Since the market has been volatile, traders said they are finding it difficult to make money. Ankush Bajaj, a trader who took some non-directional trades early in the morning, said his stop losses got hit immediately.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 18,050.10 with 0.040% percent or +7.15 point.Nikkei 225 is trading at 25,824.21 with 0.42% percent or +107.35 point. Hong Kong’s Hang Seng is trading at 21,108.5 with a loss of -0.91% or -193.5 point.
WORLD MARKETS
For the day the Dow is trading at 33,269.77 up with 0.40% percent or +133.40 point. The S&P 500 is trading at 3,852.97 up with 0.75% percent or +28.83 point. The Nasdaq Composite is trading at 10,458.76 up with 0.69% percent or +71.78 point.
In other parts of world, Japan’s Nikkei 225 is trading at 25,822.19 with 0.41% percent or +105.33 point. Hong Kong’s Hang Seng is trading at 21,017.27 up with +1.08% ercent or +224.16 point. China’s Shanghai Composite is trading at 3,150.32 up with 0.86% percent or +26.81 point. India’s BSE Sensex is trading at 60,575.40 with a loss of –0.14% percent or −82.05 point at 12:15 PM.