Nifty Futures Opening Update as on 18 May 2018

The NSE Nifty Future is trading at 10,648.00 with a loss of -0.45%  percent or -48.20 point. The Nikkei 225 Future is trading at 22,930.00 up with +0.39% percent or +90.00 point . The Hang Seng Future is trading at 31,056.00 up with +0.57% percent or +176.00point.


Domestic shares are likely to start on a negative note on Friday, tracking Nifty on Singapore Stock Exchange (SGX) and global markets. At 08:00 am, the Nifty futures on SGX were trading 37 points or 0.35 per cent lower at 10,665.50.
Tata Steel: Bamnipal Steel, a Tata Steel unit at the vanguard of the parent company’s current acquisition drive for insolvent mills, has raised about Rs 5,000 crore by selling commercial paper (CP), seeking to use the proceeds for immediate debt repayment. The special-purpose vehicle will be the financing conduit for Tata Steel’s Rs 35,200-crore acquisition of the debt-laden alloy maker from lenders. CPs are shortterm debt instruments issued by companies.


Asia  market were mixed on Thursday. For the day the nifty closed at 10,620.85 with a loss of  -0.58% percent or -61.85 point.Nikkei 225 is trading at 22,930.36 up with +0.40% percent or +91.99 point. Hong Kong’s Hang Seng is trading at 31,110.14 up with +0.54% percent or  +167.99 point. 


For the day the Dow is trading at 24,713.98 with a loss of -0.22% percent or -54.95 point. The S&P 500 is trading at 2,720.13  with a loss of -0.086% percent or  -2.33 point. The Nasdaq Composite is trading at 7,382.47 with a loss of    – 0.21% percent or  -15.82 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,625.29 up with +0.55% percent or +8.92 point; the S&P 600 Small-Cap Index closed at 1,001.02 up with +0.70% percent or +6.93 point; the S&P 400 Mid-Cap Index closed at 1,948.28 up with +0.23% percent or +4.47 point; the S&P 100 Index closed at 1,194.58 with a loss of  -0.22% percent or -2.68 point; the Russell 3000 Index closed at 1,616.81 with a loss of -0.014% percent or -0.23 point; the Russell 1000 Index closed at 1,509.18 with a loss of  -0.062% percent or  -0.94 point;

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