The NSE Nifty Future is trading at 10,161.50  with a loss of -0.38% percent or -38.40 point. The Nikkei 225 Future is trading at 21,113.00  with a loss of -0.55% percent or -117.00  point . The Hang Seng Future is trading at  24,644.00 with a loss of -0.95% percent or -236.00 point.

TODAY’S FACTORS AND EVENTS

Strong rollovers to November F&O series and a bounce back in US stocks in overnight trade are a few positives, but data showing a surge in fiscal deficit to 95 per cent of the budget, weak Asian markets and political slug fest may continue to depress sentiment in domestic equities.

The bears are back to flex their muscles. The Nifty on Thursday made a small bearish candle similar to indecisive ‘Doji’ on the daily chart. Such a pattern at a swing low of 10,079.30 level, a second such formation in the last three sessions, and a close above 10,100 level made some analysts believe that the index is attempting to form a bottom around the prevailing levels. “As long as the low of 10,100-10,050 holds, there is a possibility of upside bounce in the market,” said Nagaraj Shetti,

PREVIOUS DAY ACTIVITY
   
 For the day the nifty closed at 10,078.45 with a loss of -0.46% percent or -46.45 point.Nikkei 225 is trading at 21,184.60 with a loss of -0.40% percent or -84.13 point. Hong Kong’s Hang Seng is trading at 24,717.63 with a loss of -1.11% percent or -276.83 point. 

WORLD MARKETS

For the day the Dow is trading at 24,984.55 up with +1.63% percent or  +401.13 point. The S&P 500 is trading at 2,705.57 up with +1.86%percent or +49.47 point. The Nasdaq Composite is trading at 7,318.34 up with +2.95% percent or +209.94 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,184.60 with a loss of -0.40% percent or -84.13  point. Hong Kong’s Hang Seng is trading at 24,700.99 with a loss of -1.17% percent or -293.47 point. China’s Shanghai Composite is trading at 2,598.85  with a loss of -0.19% percent or  -4.95 point. India’s BSE Sensex is trading at 33,576.58  with a loss of -0.34% percent or -113.51 point at 12:15 PM.