The NSE Nifty Future is trading at 11,441.50 with a loss of -0.88% percent or -101.35 point. The Nikkei 225 Future is trading at 21,585.00 with a loss of -1.69%percent or -370.00 point.The Hang Seng Future is trading at 28,747.00 with a loss of -1.23% percent or -359.00 point.
TODAY’S FACTORS AND EVENTS
Buy when there is fear in the market and sell when there is greed! The current market setup suggests the first, and some market experts are advising investors to buy the fear instead of sitting on the sidelines.
They cite three reasons to back this thesis.
First, the current volatility in domestic stocks has more to do with external factors than internal.
For the day the Dow is trading at 25,965.09 with a loss of -1.79% percent or -473.39 point. The S&P 500 is trading at 2,884.05 with a loss of -1.65% percent or -48.42 point. The Nasdaq Composite is trading at 7,963.76 wilth a loss of -1.96% percent or -159.53 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,602.59 with a loss of -1.46% percent or -321.13 point. Hong Kong’s Hang Seng is trading at 28,975.69 a loss of -1.32% percent or -387.33 point. China’s Shanghai Composite is trading at 2,893.76 with a loss of -1.12% percent or -32.63 point. India’s BSE Sensex is trading at 37,946.53 a loss of – 0.86% percent or -330.10 point at 12:15 PM.