The Nifty Future is trading at 9,306.50 with a loss of -6.79% percent or -677.45 point. The Nikkei 225 Future is trading at 16,925.00 with a loss of -5.20% percent or -927.50 point.The Hang Seng Future is trading at 22,971.00 with a loss of -3.13% percent or -743.00 point.
TODAY’S FACTORS AND EVENTS
Troubled private lender Yes Bank will be dropped from benchmark index Nifty 50, banking index Nifty bank and other Nifty indices from March 19, NSE Indices said on Monday. Earlier, the changes were scheduled to happen on March 27, NSE Indices, a subsidiary of the National Stock Exchange (NSE), said in a statement.
However, in light of the recent developments relating to Yes Bank and its reconstruction scheme, NSE Indices’ Index Maintenance Sub-Committee (IMSC) has decided to accelerate the removal of Yes Bank from Nifty 50 and Nifty Bank and also remove it from all Nifty equity indices from Thursday, March 19.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 23,185.62 up with +9.36% percent or +1,985.00 point. The S&P 500 is trading at 2,711.02 up with +9.29% percent or +9.29% point. The Nasdaq Composite is trading at 7,874.88 up with +9.35% percent or +673.07 point.
In other parts of world, Japan’s Nikkei 225 is trading at 17,002.04 with a loss of –2.46% percent or –429.01 point. Hong Kong’s Hang Seng is trading at 22,946.96 with a loss of –4.52% percent or –1,085.95 point. China’s Shanghai Composite is trading at 2,789.25 with a loss of –3.40% percent or –98.17 point. India’s BSE Sensex is trading at 32,175.03 with a loss of –5.65% percent or –1,928.45 point at 12:15 PM.