The Nifty Future is trading at 7,855.75 up with +3.62% percent or +274.20 point. The Nikkei 225 Future is trading at 18,430.00 up with +8.73% percent or +1,480.00 point.The Hang Seng Future is trading at 22,647.00 up with +5.35% percent or +1,151.00 point.
TODAY’S FACTORS AND EVENTS
ICICI Securities has a buy rating on Heritage Foods with a target price of Rs 521. The liquid milk business is largely unaffected by coronavirus led disruption as it is a basic daily consumption item and also perishable in nature. Further, there are no restrictions on milk business. However, value added milk products are affected as the closure of malls has affected butter and ghee sales and lower out-of-home consumption has impacted consumption of cheese and ice cream. Milk beverages are hurt due to closure of schools and offices.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 18,591.93 with a loss of –3.04% percent or –582.05 point. The S&P 500 is trading at 2,237.40 with a loss of –2.93% percent or –67.52 point. The Nasdaq Composite is trading at 6,860.67 with a loss of –0.27% percent or –18.84 point.
In other parts of world, Japan’s Nikkei 225 is trading at 18,092.35 up with +7.13% percent or +1,204.57 point. Hong Kong’s Hang Seng is trading at 22,639.55 up with +4.35% percent or +943.42 point. China’s Shanghai Composite is trading at 2,722.44 up with +2.34% percent or +62.27 point. India’s BSE Sensex is trading at 26,746.26 up with +2.94% percent or +765.02 point at 12:15 PM.
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