Nifty Futures Update : 21 Jan 2022
The Nifty Future is trading at 17,660.50 with a loss of -0.81% or -143.60 point. The Nikkei 225 Future is trading at 27,615.00 with -0.63% percent or -175.00 point.The Hang Seng Future is trading at 24,886.50 with a loss of -0.41% percent or -101.50 point.
TODAY’S FACTORS AND EVENTS
The advent of new Covid variants and the associated uncertainties has kept the markets and the economies globally on edge. We hope that the Union Budget could bring about some confidence and stability in current volatile markets. With state elections lined up in over five states in 2022, we believe that a focus on job creation and investment-driven growth would be paramount. We see that asset monetization and higher disinvestment will continue to fund the development projects. To boost consumption, we expect an increase in the limit of standard deduction and home loan tax deductions. Overall, we believe that policy reforms and government spending on infrastructure development will boost economic recovery, giving ample opportunities to retail investors for growth.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 17,615.55 with a loss of -0.80% percent or ?141.45 point.Nikkei 225 is trading at 27,522.26 with a loss of -0.90% percent or ?250.670 point. Hong Kong’s Hang Seng is trading at 24,917.03 with a loss of -0.14% or ?35.32 point.
For the day the Dow is trading at 34,715.39 with a loss of –0.89%percent or ?313.26 point. The S&P 500 is trading at 4,482.73 with a loss of –1.10% percent or ?50.03 point. The Nasdaq Composite is trading at 14,154.02 with a loss of –1.30% percent or –186.23 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,522.26 with a loss of –0.90% percent or –250.67 point. Hong Kong’s Hang Seng is trading at 155.10 with a loss of –0.96% ercent or ?1.50 point. China’s Shanghai Composite is trading at 3,524.91 with a loss of –0.85% percent or ?30.15 point. India’s BSE Sensex is trading at 59,049.00 with a loss of –0.70% percent or –415.62 point at 12:15 PM.