The Nifty Future is trading at 15,181.50 up with +0.41% percent or +61.95 point. The Nikkei 225 Future is trading at 29,373.00 with a loss of -0.16% percent or -47.00 point.The Hang Seng Future is trading at 30,137.50 up with +0.56% percent or +166.50 point.
TODAY’S FACTORS AND EVENTS
The market texture currently is ‘buy on dips’. The liquidity and investor enthusiasm are very positive. An interesting feature of the market is the sectoral rotation happening now. Pharma was a much sought after sector in 2020 and banking was somewhat ignored on NPA-related concerns. Now, banking has made a comeback. Since the economy is on a strong rebound, economy-facing sectors are likely to do well going forward. Since many companies have declared capex plans, the capital goods segment is likely to do well.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 31,437.80 up with +percent or +61.97 point. The S&P 500 is trading at 3,909.88 with a loss of – percent or –1.35 point. The Nasdaq Composite is trading at 13,972.53 with a loss of – percent or ?35.16 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 29,562.93 up with +percent or +57.00 point. Hong Kong’s Hang Seng is trading at 30,173.57 with + percent or +134.85 point. China’s Shanghai Composite is trading at 3,655.09 with + percent or +51.60 point. India’s BSE Sensex is trading at 51,381.59 up with +percent or +72.20 point at 12:15 PM.