The Nifty Future is trading at 9,425.75 with a loss of -0.68% percent or -64.35 point. The Nikkei 225 Future is trading at 21,723.00 with a loss of -1.39% percent or -307.00 point.The Hang Seng Future is trading at 22,792.50 with a loss of -1.45% percent or -335.50 point.
TODAY’S FACTORS AND EVENTS
A potential investment by Google into cash-strapped Vodafone Idea (VIL), if materialises, will be a strategic positive for the Indian telecom operator, but a 5 percent stake would be still be inadequate to solve the telcos’ debt problems, analysts said on Friday.
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.
Alphabet Inc’s Google is said to be eyeing about 5 per cent stake in VIL, the Financial Times had reported on Thursday. Such an investment in VIL will pit the search giant against Facebook which has picked up a stake in Jio Platforms, the firm that houses India”s youngest but biggest telecom company
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,400.64 with a loss of -0.58% percent or -147.63 point. The S&P 500 is trading at 3,029.73 with a loss of –0.21% percent or -6.40 point. The Nasdaq Composite is trading at 9,368.99 with a loss of -0.46% percent or -43.37 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 21,877.89 with a loss of –0.18% percent or –38.42 point. Hong Kong’s Hang Seng is trading at 22,973.96 with a loss of –0.69% percent or –158.80 point. China’s Shanghai Composite is trading at 2,852.35 up with +0.22% percent or +6.13 point. India’s BSE Sensex is trading at 32,113.73 with a loss of -0.27% percent or –83.19 point at 12:15 PM.