The NSE Nifty Future is trading at 10,688.20 up with +0.58% percent or +61.95  point. The Nikkei 225 Future is trading at 21,538.00  with a loss of -0.38% percent or -77.00 point . The Hang Seng Future is trading at 26,062.50  with a loss of -0.37% percent or -97.50 point.

TODAY’S FACTORS AND EVENTS

Global financial services firm Citi has downgraded domestic steel players, saying falling steel prices, rising leverage and valuations make India steel unattractive.

Citi downgraded Tata Steel to ‘sell’ from ‘neutral and cut the target price to Rs 440 from Rs 620 earlier. It also downgraded SAIL to ‘sell’ from ‘neutral’ and slashed the target price to Rs 40 from Rs 72.

PREVIOUS DAY ACTIVITY

   
 For the day the nifty closed at 10,632.85  up with  +0.30% percent or +31.70 point.Nikkei 225 is trading at 21,678.68  up with  +0.82% percent or +177.06 point. Hong Kong’s Hang Seng is trading at 26,063.76 with a loss of -0.35% percent or -92.62 point. 

WORLD MARKETS

For the day the Dow is trading at 24,947.67 with a loss of -0.32% percent or -79.40 point. The S&P 500 is trading at 2,695.95 with a loss of – 0.15% percent or -4.11 point. The Nasdaq Composite is trading at 7,188.26  up with +0.42% percent or +29.83 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,678.68 up with +0.82% percent or +177.06 point. Hong Kong’s Hang Seng is trading at 26,166.40  up with +0.038% percent or +10.02 point. China’s Shanghai Composite is trading at 2,605.89 up with  +0.027% percent or  +0.71 point. India’s BSE Sensex is trading at  35,516.54 up with +0.58% percent or +204.99 point at 12:15 PM.