Nifty Futures Opening Update as on 07 April 2021

The  Nifty Future is trading at 14,918.80 with +1.13% percent or +167.35 point. The Nikkei 225 Future is trading at 29,690.00 with a loss of -0.03% percent or -10.00 point.The Hang Seng Future is trading at 28,617.50  with  a loss of -1.10% percent or -319.50 point.

TODAY’S FACTORS AND EVENTS

Interest rates are likely to remain range bound going forward as RBI is committed to ensure easy liquidity and low repo rates. The increase in Government borrowings are likely to be partially offset by RBI OMOs and secondary market purchases of Government securities.

Inclusion of government securities global bond indices will add to the demand. Corporate bond spreads are likely to remain at moderate levels on back of restrained supply and continued demand from institutional investors. Unless inflation expectations start increasing in the future, fixed income investors will do well to remain invested in Indian bonds.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 14,849.00 up with +1.13% percent or  +165.50 point.Nikkei 225 is trading at 29,730.79 up  with +0.12% percent or +34.16 point. Hong Kong’s Hang Seng is trading at 28,673.30 with a loss of -0.92% percent or –265.44 point.
WORLD MARKETS

For the day the Dow is trading at 33,430.24  with a loss of –0.29% percent or ?96.95 point. The S&P 500 is trading at 4,073.94 with a loss of –0.097% percent or –3.97 point. The Nasdaq Composite is trading at 13,698.38  with a loss of –0.053% percent or  -7.21 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 29,710.78  up with 0.048% percent or +14.15 point. Hong Kong’s Hang Seng is trading at 28,729.90 with a loss of –0.72% percent or ?208.84 point. China’s Shanghai  Composite is trading at 3,471.36  with a loss of –0.33% percent or ?11.60 point. India’s BSE Sensex is trading at 49,769.82  with +1.16% percent or +568.43 point at 12:15 PM.