Nifty Futures Update : 24 May 2022
The Nifty Future is trading at 16,094.5 with a loss of -0.55% or -88.9 point. The Nikkei 225 Future is trading at 26,722.5 with -1.21% percent or -327.5 point.The Hang Seng Future is trading at 19,893.5 with a loss of -1.58% percent or -319.5 point.
TODAY’S FACTORS AND EVENTS
Shares of sugar companies took a sharp knock after a Bloomberg news flash said that the Government of India is looking to limit exports of sugar. This step comes just days after the Centre had restricted the export on wheat. The new move to curb sugar export is being seen by some as a new risk to global food prices. Balrampur Chini, Shri Renuka Sugar has fallen 10 percent each, Dhampur Sugar is down 5 percent while Sakthi Sugars slipped 7 percent and Bajaj Hindusthan Sugar declined 4 percent.
PREVIOUS DAY ACTIVITY
For the day the nifty closed at 16,146.10 with a loss of -0.42% percent or -68.60 point.Nikkei 225 is trading at 26,748.14 with a loss of -0.94% percent or 253.38 point. Hong Kong’s Hang Seng is trading at 20,112.10 with a loss of -1.75% or ?357.96 point.
For the day the Dow is trading at 31,880.24 up with +1.98% percent or +618.34 point. The S&P 500 is trading at 3,973.75 up with 1.86% percent or +72.39 point. The Nasdaq Composite is trading at 11,535.27 with 1.59% percent or +180.66 point.
In other parts of world, Japan’s Nikkei 225 is trading at 26,748.14 with –0.94% percent or –253.38 point. Hong Kong’s Hang Seng is trading at 20,082.18 with a loss of –1.89% ercent or ?387.88 point. China’s Shanghai Composite is trading at 3,070.93 with a loss of –2.41% percent or ?75.93 point. India’s BSE Sensex is trading at 54,180.57 with a loss of –0.20% percent or –108.04 point at 12:15 PM.