Nifty Futures Opening Update as on 12 June 2020

The  Nifty Future is trading at 9,767.50 with a loss of -1.28% percent or -127.05 point. The Nikkei 225 Future is trading at 22,132.50 with a loss of -1.85% percent or -417.50 point.The Hang Seng Future is trading at 24,183.50 with a loss of -0.75% percent or -182.50 point.

TODAY’S FACTORS AND EVENTS

India’s largest tractor manufacturer and a leading maker of utility vehicles, Mahindra & Mahindra, is likely to report a sharp year-on-year (YoY) decline in its March quarter revenue and may see a similar impact on its profitability due to a steep fall in its domestic wholesales of passenger and commercial vehicles. The domestic wholesales fell on account of the economic slowdown (January) followed by disruptions to procure raw material from China due to the coronavirus outbreak in February and the nationwide lockdown imposed from 25 March to contain the virus spread in India.

PREVIOUS DAY ACTIVITY

 For the day the  nifty closed at 9,809.90  with a loss of –0.93% percent or  -92.10 point.Nikkei 225 is trading at 22,305.48  with a loss of  –0.75% percent or -167.43  point. Hong Kong’s Hang Seng is trading at 24,306.02 with a loss of –0.71% percent or  -174.13 point.

WORLD MARKETS

For the day the Dow is trading at 25,128.17 with a loss of -6.90%percent or -1,861.82 point. The S&P 500 is trading at 3,002.10 with a loss of –5.89% percent or -188.04 point. The Nasdaq Composite is trading at 9,492.73 with a loss of -5.27% percent or -527.62  point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,305.48  with a loss of –0.75% percent or –167.43 point. Hong Kong’s Hang Seng is trading at 24,220.46 with a loss of –1.06%percent or –259.69 point. China’s Shanghai  Composite is trading at 2,919.74  with a loss of –0.040% percent or –1.16 point. India’s BSE Sensex is trading at 33,021.23 with a loss of -1.54% percent or –517.14 point at 12:15 PM.