The Nifty Future is trading at 11,440.20 with a loss of -0.33% percent or -0.89% point. The Nikkei 225 Future is trading at 23,268.00 with a loss of -0.86% percent or -202.00 point.The Hang Seng Future is trading at 24,682.00 with a loss of -0.97% percent or -242.00 point.
TODAY’S FACTORS AND EVENTS
KEI Industries Ltd (KEI) is engaged in manufacturing and supply of power and other industrial cables. The company is also engaged in Engineering, Procurement and Construction (EPC) business. Going forward, we expect KEI Industries to report healthy top-line & bottom-line growth mainly due to (a) higher order book (Rs3,500cr) execution in the EPC segment; (b) growth in EHV business and (d) higher exports. The stock’s current price is ?389.75 and the target price is ?457.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 28,292.73 with a loss of -2.78% percent or -807.77 point. The S&P 500 is trading at 3,455.06 with a loss of –3.51% percent or -125.78 point. The Nasdaq Composite is trading at 11,458.10 with a loss of -4.96% percent or – 598.34 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 23,205.43 with a loss of –1.11% percent or –260.10 point. Hong Kong’s Hang Seng is trading at 24,605.70 with a loss of –1.61% percent or –401.90 point. China’s Shanghai Composite is trading at 3,355.37 with a loss of –0.87% percent or –29.61 point. India’s BSE Sensex is trading at 38,503.48 with a loss of –1.25% percent or –487.46 point at 12:15 PM.