SgxNifty Futures Update : 08 Feb 2023
The SgxNifty Future is trading at 17,890.5 up with +0.91% or +160.5 point. The Nikkei 225 Future is trading at 27,553.0 with a loss of -0.28% percent or -77.0 point.The Hang Seng Future is trading at 21,397.5 with +1.16% percent or +245.5 point.
TODAY’S FACTORS AND EVENTS
RBI raised policy repo rate by 25 bps to 6.5%. 4 out of 6 members of MPC voted in favour of hiking rates. RBI to continue vigil on inflation outlook. According to the RBI Governor, inflation is likely to stay at 5.6% for 4Q FY23, and expected to stay above 4% in FY24. Policy rate still trails pre-COVID level.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 17,859.25 up with +0.78% percent or +137.75 point.Nikkei 225 is trading at 27,578.10 with a loss of -0.39% percent or −107.37 point. Hong Kong’s Hang Seng is trading at 21,356.64 with 0.27% or +57.94 point.
For the day the Dow is trading at 34,156.69 up with 0.78% percent or +265.67 point. The S&P 500 is trading at 4,164.00 with 1.29% percent or +52.92 point. The Nasdaq Composite is trading at 12,113.79 with 1.90% percent or −119.50 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,571.98 with 0.41% percent or −113.49 point. Hong Kong’s Hang Seng is trading at 21,356.64 with 0.27% ercent or +57.94 point. China’s Shanghai Composite is trading at 3,246.53 with 0.21% percent or −6.79 point. India’s BSE Sensex is trading at 60,566.62 up with 0.098% percent or +287.41 point at 12:15 PM.
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