Nifty Futures Opening Update as on 28 February 2019

The NSE Nifty Future is trading at 10,869.20 up with +0.55% percent or +59.80 point. The Nikkei 225 Future is trading at 21,358.00 with a loss of -0.15% percent or -32.00 point .The Hang Seng Future is trading at 28,732.50  with a loss of -0.46% percent or -32.00 point.

TODAY’S FACTORS AND EVENTS

Nearly 50 stocks on NSE look set to rally in the coming days even though NSE benchmark Nifty50 has fallen below its crucial 50-day and 200-day averages amid mounting tensions between India and Pakistan.  Rs 1030 and a stop loss of Rs 1075.

“We have seen a lot of stock-specific outperformance in last few sessions, suggesting strength in the broader market. While we would recommend stock-specific action, one needs to avoid heavy positions in such difficult times,” said Sameet Chavan of Angel Broking.

A bullish crossover was seen on the SBI counter on Wednesday, when Nifty50 fell from the day’s high of 10,939 to barely hold above the 10,800 level. State Bank Group, meanwhile, said as much as Rs 7,951.29 crore involving 1,885 cases of fraudulent activities have come to light in the first nine months of this fiscal year.

PREVIOUS DAY ACTIVITY
 For the day the nifty closed at 10,794.30  with a loss of -0.11% percent or -12.35 point.Nikkei 225 is trading at 21,385.16  with a loss of -0.79% percent or -171.35 point. Hong Kong’s Hang Seng is trading at 28,633.18  with a loss of -0.43% percent or -124.26  point.

WORLD MARKETS

For the day the Dow is trading at 25,985.16  with a loss of -0.28% percent or -72.82 point. The S&P 500 is trading at 2,792.38 with a loss of -0.054% percent or -1.52 point. The Nasdaq Composite is trading at 7,554.51  up with +0.069% percent or +5.21 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,385.16  with a loss of -0.79% percent or -171.35 point. Hong Kong’s Hang Seng is trading at 28,633.18   with a loss of -0.43% percent or -124.26 point. China’s Shanghai Composite is trading at 2,940.95  with a loss of -0.44% percent or -12.87  point. India’s BSE Sensex is trading at 35,938.34 up with +0.092% percent or +32.91 point at 12:15 PM.

 

Updates

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