The NSE Nifty Future is trading at 10,983.00  up with +1.40% percent or +152.05 point. The Nikkei 225 Future is trading at 20,752.00  up with +0.15% percent or +32.00 point . The Hang Seng Future is trading at 27,858.00 with a loss of -0.70% percent or -197.00 point.

TODAY’S FACTORS AND EVENTS

Nifty futures rollovers to the February series were the lowest since August 2017 in percentage terms ahead of the interim budget on Friday. Traders unwound short positions in the index contracts, indicating they do not expect sharp downside in the February series.

The Nifty ended up 1.7 earnings on the expiry day (Thursday) on short covering amid dovish commentary on rates from the US Federal Reserve, but the index ended the series with gain of just 0.5 earnings. Information technology companies, PSU banks and private sector lenders saw rollover of long positions into the February series while more of the short positions got rolled over in the metal sector.

PREVIOUS DAY ACTIVITY
   
 For the day the nifty closed at 10,938.10  up with +0.99% percent or +107.15 point.Nikkei 225 is trading at 20,788.39  up with +0.072% percent or +14.90 point. Hong Kong’s Hang Seng is trading at 27,907.24  with a loss of -0.13% percent or -35.23 point. 

WORLD MARKETS

For the day the Dow is trading at 24,999.67   with a loss of -0.061% percent or -15.19 point. The S&P 500 is trading at 2,704.10 up with +0.86% percent or +23.05 point. The Nasdaq Composite is trading at 7,281.74  up with +1.37% percent or +98.66 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,788.39  up with +0.072% percent or +14.90 point. Hong Kong’s Hang Seng is trading at 20,788.39 up with +0.072% percent or +14.90 point. China’s Shanghai Composite is trading at 2,618.23 up with +1.30% percent or +33.66 point. India’s BSE Sensex is trading at 36,680.08  up with +1.17% percent or +423.39 point at 12:15 PM.