Nifty Futures Opening Update as on 27 July 2020

The  Nifty Future is trading at 11,139.30 with a loss of -0.27% percent or -30.70 point. The Nikkei 225 Future is trading at 22,638.00 up with +1.34% percent or +300.00 point.The Hang Seng Future is trading at 24,587.00 with a loss of -0.28% percent or -70.00 point.

TODAY’S FACTORS AND EVENTS

A host of quarterly earnings released post market hours on Friday and also on Saturday, and many more scheduled for Monday, are likely to drive market sentiment on Monday.

Nifty50 staged a strong intraday recovery on Friday, but could not close above the psychologically important 11,200 mark. The NSE barometer formed bullish candles on both daily and weekly charts. Analysts said investors should stay cautious, as any rise towards the 11,300-350 range may trigger selling. They see support for the index at 11,100 level.

PREVIOUS DAY ACTIVITY

 For the day the  nifty closed at 11,158.30 with a loss of –0.32% percent or -35.85 point.Nikkei 225 is trading at 22,715.85 with a loss of –0.16% percent or -35.76  point. Hong Kong’s Hang Seng is trading at 24,588.64  with a loss of –0.47% percent or  -116.69 point.

WORLD MARKETS

For the day the Dow is trading at 26,469.89 with a loss of -0.68% percent or -182.44 point. The S&P 500 is trading at 3,215.63 with a loss of –0.62% percent or -20.03 point. The Nasdaq Composite is trading at 10,363.18 with a loss of -0.94% percent or -98.24 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,715.85 with a loss of –0.16% percent or –35.76 point. Hong Kong’s Hang Seng is trading at 24,606.45 with a loss of –0.40% percent or –98.88  point. China’s Shanghai  Composite is trading at 3,186.73 with a loss of –0.31% percent or –10.03 point. India’s BSE Sensex is trading at 37,988.58 with a loss of -0.37% percent or –140.32  point at 12:15 PM.