Nifty Futures Update : 31 March 2022

The  Nifty Future is trading at 17,572.00 with +0.32% or  +56.60 point. The Nikkei 225 Future is trading at 27,840.00 with  a loss of -0.57% percent or -160.00 point.The Hang Seng Future is trading at 22,113.50 with a loss of -0.27% percent or -59.50 point.

 

TODAY’S FACTORS AND EVENTS

Construction firm Jaiprakash Associates has defaulted on payments to lenders to the tune of Rs 2,897 crore on February 28. The company has Rs 1,544 crore of interest overdues and Rs 1,353 crore to lenders, according to a statement issued to bourses.

Lenders to Jaipraksh Associates, the flagship company in the group, include ICICI Bank, Axis Bank, IDBI Bank, Canara Bank and Bank of Baroda. The default is on obligations such as fund-based working capital, non-fund-based working capital, term loans and FCCB. In total, there are about 32 banks which have exposure to Jaiprakash Associates.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 17,506.25 up with +0.046% percent or +8.00 point.Nikkei 225 is trading at 27,821.43 with a loss of -0.73% percent or ?205.82 point. Hong Kong’s Hang Seng is trading at 22,109.51 with a loss of -0.55% or ?122.52 point.

WORLD MARKETS

For the day the Dow is trading at 35,228.81 with a loss of –0.19% percent or65.38 point. The S&P 500 is trading at 4,602.45 with a loss of –0.63% percent or29.15  point. The Nasdaq Composite is trading at 14,442.27 with a loss of –1.21% percent or177.36   point.

In other parts of world, Japan’s Nikkei 225 is trading at 27,821.43 with a loss of  –0.73% percent or205.82 point. Hong Kong’s Hang Seng is trading at 22,012.39 with a loss of –0.99% ercent or219.64 point. China’s Shanghai Composite is trading at 3,257.33 with a loss of –0.28% percent or9.27 point. India’s BSE Sensex is trading at 58,559.21 with a loss of –0.21% percent or124.78  point at 12:15 PM.