Nifty Futures Update : 08 Dec 2021
The Nifty Future is trading at 17,468.20 up with +1.41% or +242.85 point. The Nikkei 225 Future is trading at 28,822.50 up with +1.06% percent or +302.50 point.The Hang Seng Future is trading at 24,013.00 with +0.00% percent or +0.00 point.
TODAY’S FACTORS AND EVENTS
The MPC expectedly maintained status quo on the policy rates and stance. The rhetoric too has remained focused on maintaining durable growth as long as inflation remains well in check.
We continue to expect RBI to fine tune the surplus liquidity to manage rates and consequently provide guidance on the operating target rate shifting closer to the Repo rate. We retain our base case of reverse repo rate hike in February.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 17,428.50 up with +1.47% percent or +251.80 point.Nikkei 225 is trading at 28,860.62 up with +1.42% percent or +405.02 point. Hong Kong’s Hang Seng is trading at 23,990.15 up with +0.027% or +6.49 point.
For the day the Dow is trading at 35,719.43 up with +1.40%percent or +492.40 point. The S&P 500 is trading at 4,686.75 up with +2.07% percent or +95.08 point. The Nasdaq Composite is trading at 15,686.92 up with +3.03% percent or +461.76 point.
In other parts of world, Japan’s Nikkei 225 is trading at 28,807.18 up with +1.24% percent or +351.58 point. Hong Kong’s Hang Seng is trading at 23,960.74 with a loss of –0.096% ercent or –22.92 point. China’s Shanghai Composite is trading at 3,627.28 up with +0.90% percent or +32.19 point. India’s BSE Sensex is trading at 58,507.46 up with +1.52% percent or +873.81 point at 12:15 PM.