Nifty Futures Update : 23 Aug 2021

The  Nifty Future is trading at 16,513.00 up with +0.57% or +93.00 point. The Nikkei 225 Future is trading at 27,513.00 up with +0.95% percent or +258.00 point.The Hang Seng Future is trading at 25,132.00 up with +0.55% percent or +138.50 point.

TODAY’S FACTORS AND EVENTS

The key trigger will be the unlocking of the global and domestic economies. We can anticipate moving faster towards normalization by the end of March 2022. Because of this, we can expect interest yields to improve, which is an essential factor to bring growth in real business. Regarding Nifty 50, we had a target of 16,165 for December 2021 end, which has been reached and is now trading above our market target. Our view is that the markets would be in the range of 16000 to 16500 in March 2022.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 16,499.20  up with +0.30% percent or +48.70 point.Nikkei 225 is trading at 27,494.24 up with +1.78% percent or +480.99 point. Hong Kong’s Hang Seng is trading at 25,109.59 +with up 1.05% percent or +259.87 point.

WORLD MARKETS

For the day the Dow is trading at 35,120.08 up with +0.65% percent or +225.96 point. The S&P 500 is trading at 4,441.67 up with +0.81% percent or +35.87 point. The Nasdaq Composite is trading at 14,714.66 up with 1.19% percent or +172.88 point.

In other parts of world, Japan’s Nikkei 225 is trading at 27,494.24 up with +1.78% percent or +480.99 point. Hong Kong’s Hang Seng is trading at 25,109.59 up with +1.05% percent or +259.87 point. China’s Shanghai Composite is trading at 3,477.13 up with +1.45% percent or +49.80 point. India’s BSE Sensex is trading at 55,607.43  up with +0.50% percent or +278.11 point at 12:15 PM.