The NSE Nifty Future is trading at 11,408.80 with a loss of -0.27% percent or -30.40 point. The Nikkei 225 Future is trading at 21,860.00 with a loss of -0.14% percent or -30.00 point . The Hang Seng Future is trading at 27,831.00 with a loss of – 1.35% percent or -382.00 point.
TODAY’S FACTORS AND EVENTS
Traders unwound long positions in August futures of State Bank of India on Friday, with open interest declining by 0.5 per cent to 8.5 crore shares. Short positions were also added.
The stock fell 4 per cent to Rs 304.45 in the cash market on Friday, making it the worst performer on the Nifty index. The likely weakness in the stock assumes significance as the 21 per cent surge in the stock in the month till August 9 had partly helped the Nifty and Bank Nifty hit record highs. An 8-10 per cent fall in the heavyweight SBI could also have a bearing on these indices.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,313.14 with a loss of -0.77% percent or -196.09 point. The S&P 500 is trading at 2,833.28 with a loss of -0.71% percent or -20.30 point. The Nasdaq Composite is trading at 7,839.11 up with -0.67% percent or -52.67 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,857.43 with a loss of -1.98% percent or -440.65 point. Hong Kong’s Hang Seng is trading at 27,944.59 with a loss of -1.49% percent or -422.03 point. China’s Shanghai Composite is trading at 2,785.8 with a loss of -0.34% percent or -9.44 point. India’s BSE Sensex is trading at 37,747.46 with a loss of -0.32% percent or -121.77 point at 12:15 PM.