The  Nifty Future is trading at 11,893.50 with a loss of -0.28% percent or -33.95 point. The Nikkei 225 Future is trading at 23,473.00 with a loss of -0.75% percent or 177.00 point.The Hang Seng Future is trading at 24,764.50 up with +0.51% percent or +124.50 point.

TODAY’S FACTORS AND EVENTS

Leaving the year FY21 behind and front loading provisions for asset quality stress, the management has guided for strong improvement from FY22E. They believe transformation has led to lower operating costs, while business velocity to surge ahead. As per the management, post March, April 2021 when normalcy is likely to be achieved: 1) growth is expected to accelerate to 25-27% (we factor in 19% growth in FY22) and 2) credit costs for FY22 to be in 160-180 bps of average loans (we have factored 220 bps).

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 11,898.65 with a loss of – percent or ?39.00 point.Nikkei 225 is trading at 23,474.27 with a loss of –percent or  ?165.19 point. Hong Kong’s Hang Seng is trading at 24,756.56 up with + percent or +2.14 point.

WORLD MARKETS

For the day the Dow is trading at 28,210.82 with a loss of –percent or  ?97.97 point. The S&P 500 is trading at 3,435.56 with a loss of  – percent or   ?7.56 point. The Nasdaq Composite is trading at 11,484.69  with a loss of – percent or ?31.80 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 23,474.27 with a loss of –percent or  ?165.19 point. Hong Kong’s Hang Seng is trading at 24,808.99 up with +percent or +54.57 point. China’s Shanghai  Composite is trading at 3,314.33 with a loss of – percent or –10.70 point. India’s BSE Sensex is trading at 40,584.33 with a loss of –percent or 122.98 point at 12:15 PM.

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