Nifty Futures Update : 11 Jan 2022
The Nifty Future is trading at 18,082.50 up with +0.19% or +34.30 point. The Nikkei 225 Future is trading at 28,142.50 with a loss of -0.09% percent or -25.00 point.The Hang Seng Future is trading at 23,732.50 with +0.26% percent or +60.50 point.
TODAY’S FACTORS AND EVENTS
Shares of Paytm (One 97 Communications) will remain in focus on Tuesday. Number of loans disbursed through Paytm’s platform increased by 401% YoY to 0.44 crore loans in Q3FY 2022. The value of loans disbursed through the platform in Q3 FY 2022, was Rs 2,180 crore, an increase of 365% YoY. Paytm has seen a stellar growth in each of its lending products. However, the share hit 52-week low on Monday and share price may extend its losses further and erase more than half of IPO investor’s wealth, said foreign brokerage firm Macquarie in a note. The brokerage firm has cut its target price for the fintech giant to merely Rs 900 per share, 25% lower from its previous target of Rs 1,200 and 58% below the public issue price of Rs 2,150.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 18,039.55 up with +0.20% percent or +36.25 point.Nikkei 225 is trading at 28,222.48 with a loss of -0.90% percent or -256.08 point. Hong Kong’s Hang Seng is trading at 23,759.98 up with +0.057% or +13.44 point.
For the day the Dow is trading at 36,068.87 with a loss of –0.45%percent or –162.79 point. The S&P 500 is trading at 4,670.29 with a loss of –0.14% percent or –6.74 point. The Nasdaq Composite is trading at 14,942.83 up with +0.046% percent or +6.93 point.
In other parts of world, Japan’s Nikkei 225 is trading at 28,225.48 with a loss of –0.89% percent or –253.08 point. Hong Kong’s Hang Seng is trading at 23,782.44 up with +0.15% ercent or +35.90 point. China’s Shanghai Composite is trading at 3,581.46 with a loss of –0.34% percent or –12.06 point. India’s BSE Sensex is trading at 60,534.28 up with +0.23% percent or +138.65 point at 12:15 PM.