The NSE Nifty Future is trading at 11,542.20   with a loss of -0.62% percent or -71.60 point. The Nikkei 225 Future is trading at 21,742.50 with a loss of -0.26% percent or -57.50 point.The Hang Seng Future is trading at 25,940.00 with a loss of  -1.35% percent or -354.00 point.

TODAY’S FACTORS AND EVENTS

Domestic equity market is likely to open lower on Wednesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues.

Muthoot Finance is a ‘Buy’ call with a target price of Rs 705 and a stop loss of Rs 682.

Hero MotoCorp is a ‘Buy’ call with a target price of Rs 2850 and a stop loss of Rs 2700.

YES Bank is a ‘Sell’ call with a target price of Rs 54 and a stop loss of Rs 62.

PREVIOUS DAY ACTIVITY
 For the day the nifty closed at 11,454.05   with  a loss of –1.16% percent or –134.15 point.Nikkei 225 is trading at 22,020.15  with a loss of –0.36% percent or –78.69 point. Hong Kong’s Hang Seng is trading at 25,926.50  with a loss of –1.35% percent or  –354.50 point. 

WORLD MARKETS

For the day the Dow is trading at 26,807.77 with a loss of  –0.53% percent or –142.22  point. The S&P 500 is trading at 2,966.60  with a loss of –0.84% percent or –25.18 point. The Nasdaq Composite is trading at 7,993.63  with a loss of –1.46% percent or  -118.83 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,020.15 with a loss of –0.36% percent or –78.69 point. Hong Kong’s Hang Seng is trading at 25,950.82 with a loss of –1.26% percent or –330.18 point. China’s Shanghai Composite is trading at 2,955.43 with a loss of –1.00% percent or –29.91 point. India’s BSE Sensex is trading at 38,762.49 with a loss of  –0.86% percent or –334.65 point at 12:15 PM.