The NSE Nifty Future is trading at 10,565.50 with a loss of -1.58% percent or -169.65 point. The Nikkei 225 Future is trading at 21,165.00 up with +0.12% percent or +25.00 point . The Hang Seng Future is trading at 25,729.00 with a loss of -1.33% percent or -340.00 point.
TODAY’S FACTORS AND EVENTS
Nifty futures are a contract that gives its buyer or seller the right to buy or sell the Nifty 50 index at a preset price for delivery at a future date. Nifty options are of two types —call and put options. A call option on Nifty gives a buyer the right, but not the obligation, to buy the index at a predetermined price during a specified time period. Similarly, a Nifty put gives its buyer the right to sell the index. A seller of the options is obliged to give or take delivery of Nifty from the buyers. In practice index futures are cash settled, like their European counterparts.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,388.95 with a loss of -2.24% percent or -558.72 point. The S&P 500 is trading at 2,633.08 with a loss of – 2.33% percent or -62.87 point. The Nasdaq Composite is trading at 6,969.25 with a loss of -3.05% percent or -219.01 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,219.50 with a loss of -2.12% percent or -459.18 point. Hong Kong’s Hang Seng is trading at 25,765.86 with a loss of -1.14% percent or -297.90 point. China’s Shanghai Composite is trading at 2,584.58 with a loss of -0.82% percent or -21.31 point. India’s BSE Sensex is trading at 35,127.80 with a loss of -1.53% percent or ?546.42 point at 12:15 PM.