The Nikkei 225 Future is trading at 22,238.00 with a loss of -0.03% percent or -7.50 point .The NSE Nifty Future is trading at 10,588.00 with a loss of -0.34% percent or -35.75 point. The Hang Seng Future is trading at 25,549.50 up with +0.34% percent or +87.50 point.
TODAY’S FACTORS AND EVENTS
Japan’s Nikkei edged up in choppy trade on Monday as buying of cheapened stocks was largely offset by cautious sentiment driven by weakness on Wall Street and falling U.S. tech shares.
The Nikkei share average .N225 gained 0.1 percent to 22,269.88 after trading lower in early deals. The benchmark index fell to as low as 22,046.29, but traders said that futures buying supported the market.
“Investors are buying on the dip today, while futures buying seemed to have kicked in when the index neared the 22,000 level,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley (NYSE:MS) Securities.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,989.30 with a loss of -0.77% percent or -201.92 point. The S&P 500 is trading at 2,781.01 with a loss of -0.92% percent or -25.82 point. The Nasdaq Composite is trading at 7,406.90 with a loss of -1.65% percent or -123.98 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,269.88 up with +0.088% percent or +19.63 point. Hong Kong’s Hang Seng is trading at 25,593.44 with a loss of -0.033% percent or -8.48 point. China’s Shanghai Composite is trading at 2,630.52 up with +1.22% percent or +31.65 point. India’s BSE Sensex is trading at 35,107.74 with a loss of -0.14% percent or -50.81 point at 12:15 PM.