Nifty Futures Opening Update as on 31 August 2020

The  Nifty Future is trading at 11,369.00 up with -2.68% percent or -313.10 point. The Nikkei 225 Future is trading at 23,198.00 with +1.16% percent or +265.00 point.The Hang Seng Future is trading at 25,090.00 with a loss of -1.27% percent or -322.00 point.

TODAY’S FACTORS AND EVENTS

The April-June (Q1) quarter GDP prints will be released today after the market hours. Brokerage firm ICICI Securities is of the view that Q1 GDP prints may reflect earnings beat.

“As per consensus, India’s Q1FY21 GDP is expected to contract nearly 20 percent and may be the worst quarter of growth during the ongoing COVID-19 pandemic. However, going by the higher number of earnings ‘beat to miss’ ratio of nearly 1.4 times by India Inc, during Q1FY21 so far, the actual GDP could also beat consensus expectations,”

PREVIOUS DAY ACTIVITY

 For the day the  nifty closed at 11,337.05 with a loss of –2.67%percent or -310.55 point.Nikkei 225 is trading at 23,139.76 with +1.12% percent or +257.11 point. Hong Kong’s Hang Seng is trading at 25,177.05 with a loss of –0.96% percent or -245.01 point.

WORLD MARKETS

For the day the Dow is trading at 28,653.87 up with 0.57% percent or +161.60  point. The S&P 500 is trading at 3,508.01 up with +0.67% percent or +23.46 point. The Nasdaq Composite is trading at 11,695.63 up with +0.60% percent or  +70.30 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 23,139.76 up with +1.12% percent or +257.11 point. Hong Kong’s Hang Seng is trading at 25,412.69 with a loss of –0.037% percent or –9.37 point. China’s Shanghai  Composite is trading at 3,395.68 with a loss of –0.24%% percent or –8.13  point. India’s BSE Sensex is trading at 39,261.65 with a loss of –0.52% percent or 205.78 point at 12:15 PM.