Nifty Futures Update : 01 April 2022

The  Nifty Future is trading at 17,572.50 with +0.62% or  +107.75 point. The Nikkei 225 Future is trading at 27,717.50 with  a loss of -0.40% percent or -112.50 point.The Hang Seng Future is trading at 21,959.50 with a loss of -0.14% percent or -30.50 point.

 

 

TODAY’S FACTORS AND EVENTS

Indian equity markets were flat on Friday. Given the global developments, market volatility is expected to remain high in the near term. However, economic recovery coupled with government focus on Capex and domestic manufacturing would drive overall growth in FY23, according to experts. ICICI Direct said in its report that Nifty is on road to recovery towards 18,100. It believes that buying on decline strategy should continue to work in favour of market participants and investors should focus on accumulating quality stocks on dip as Nifty is not expected to breach 16,800. Reliance IndustriesTitanSBIInfosysTata Motors remain among the top stock picks.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 17,540.75 up with +0.44% percent or +76.00 point.Nikkei 225 is trading at 27,665.98 with a loss of -0.56% percent or 155.45 point. Hong Kong’s Hang Seng is trading at 21,938.40 with a loss of -0.27% or ?58.45 point.

 

 

WORLD MARKETS

For the day the Dow is trading at 34,678.35 with a loss of –1.56% percent or –550.46 point. The S&P 500 is trading at 4,530.41 with a loss of –1.57% percent or –72.04  point. The Nasdaq Composite is trading at 14,220.52 with a loss of –1.54% percent or –221.76   point.

In other parts of world, Japan’s Nikkei 225 is trading at 27,683.10 with a loss of  –0.50% percent or 138.33 point. Hong Kong’s Hang Seng is trading at 21,835.90 with a loss of –0.73% ercent or –160.95point. China’s Shanghai Composite is trading at 3,279.10 with 0.83% percent or +26.90 point. India’s BSE Sensex is trading at 58,810.55 up with 0.41% percent or +242.04   point at 12:15 PM.