The  Nifty Future is trading at 12,336.50 with a loss of  -0.49% percent or -60.50 point. The Nikkei 225 Future is trading at 23,927.50  up with +0.07% percent or +17.50 point.The Hang Seng Future is trading at 28,796.50 with a loss of -0.01% percent or -2.50 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.

Tata Power is a ‘Sell’ call with a target price of Rs 57 and a stop loss of Rs 62

Colgate is a ‘Buy’ call with a target price of Rs 1550 and a stop loss of Rs 1490.

Britannia is a ‘Buy’ call with a target price of Rs 3200 and a stop loss of Rs 3049.

PREVIOUS DAY ACTIVITY

 For the day the  nifty closed at 12,294.55  with a loss of –0.55% percent or –67.75  point.Nikkei 225 is trading at 23,916.58  with a loss of –0.45% percent or –108.59  point. Hong Kong’s Hang Seng is trading at 28,753.66  with a loss of –0.46%  percent or –131.48 point. 

WORLD MARKETS

For the day the Dow is trading at 28,939.67 up with +0.11%% percent or +32.62  point. The S&P 500 is trading at 3,283.15  with a loss of –0.15% percent or -4.98 point. The Nasdaq Composite is trading at 9,251.33 with  a loss of –0.24%percent or –22.60 point.

In other parts of world, Japan’s Nikkei 225 is trading at 23,916.58 with a loss of –0.45% percent or –108.59  point. Hong Kong’s Hang Seng is trading at 28,743.60 with a loss of –0.49% percent or –141.54 point. China’s Shanghai Composite is trading at 3,090.04 with a loss of –0.54% percent or –16.78 point. India’s BSE Sensex is trading at 41,694.56 with a loss of –0.62% percent or –258.07 point at 12:15 PM.