Nifty Futures Update : 09 Sept 2021

The  Nifty Future is trading at 17,341.00 with a loss of -0.17% or -29.90 point. The Nikkei 225 Future is trading at 29,757.50 with  a loss of -1.24% percent or -372.50 point.The Hang Seng Future is trading at 25,726.50 with a loss of -1.86% percent or -486.50 point.

 

TODAY’S FACTORS AND EVENTS

Government thrust on infrastructure, including higher through budgetary allocation, and economic recovery will lift the revenues of the engineering and capital goods companies by 15-17% this fiscal, more than making up for a 3% contraction last fiscal. That and better coverage of fixed costs will lead to a 50 basis points (bps) improvement in the operating margins. Increases in raw material prices are being passed on with a lag.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 17,323.45  with a loss of – percent or ?25.90 point.Nikkei 225 is trading at 30,008.19  with a loss of – percent or ?173.02point. Hong Kong’s Hang Seng is trading at 25,785.21 with a loss of  or ?535.72 point.

 

WORLD MARKETS

For the day the Dow is trading at 35,031.07 with a loss of –percent or ?68.93 point. The S&P 500 is trading at 4,514.07 with a loss of – percent or –5.96 point. The Nasdaq Composite is trading at 15,286.64 with a loss of percent or +10.81 point.

In other parts of world, Japan’s Nikkei 225 is trading at 30,181.21 up with + percent or +265.07 point. Hong Kong’s Hang Seng is trading at 26,287.95 with a loss of – percent or –65.68 point. China’s Shanghai Composite is trading at 3,671.29 with a loss of  –percent or –5.30 point. India’s BSE Sensex is trading at 58,291.62 up with + percent or +12.14 point at 12:15 PM.