Nikkei Futures Opening Update as on 14 May. 2020

The Nikkei 225 Future is trading at 19,848.00 with a loss of -2.47% percent or -502.00 point.The  Nifty Future is trading at 9,142.30 with a loss of -2.67% percent or -251.25 point. The Hang Seng Future is trading at 23,697.00 with a loss of -1.55% percent or -372.00 point.

TODAY’S FACTORS AND EVENTS

The first tranche of the Rs 20 lakh crore stimulus that Finance Minister Nirmala Sitharaman unveiled on Wednesday failed to lift the market sentiment on Thursday.

Analysts said the package had more to do with fixing supply-side issues than catering to demand-side issues. They do not expect the Rs 6 lakh crore announcements to give any boost to the economy in the short term.

PREVIOUS DAY ACTIVITY

 For the day Nikkei 225 is trading at 19,914.78 with a loss of –1.74%  percent or –352.27 point.the  nifty closed at 9,155.55 with a loss of –2.43% percent or –228.00  point. Hong Kong’s Hang Seng is trading at 23,829.74 with a loss of –1.45% percent or –350.56  point.

WORLD MARKETS

For the day the Dow is trading at 23,247.97 with a loss of -2.17% percent or -516.81  point. The S&P 500 is trading at 2,820.00  with a loss of –1.75% percent or -50.12 point. The Nasdaq Composite is trading at 8,863.17 with a loss of -1.55% percent or -139.38  point.

In other parts of world, Japan’s Nikkei 225 is trading at 19,914.78 with a loss of –1.74% percent or –352.27 point. Hong Kong’s Hang Seng is trading at 23,809.21 with a loss of –1.53%percent or –371.09  point. China’s Shanghai  Composite is trading at 2,870.34  with a loss of –0.96% percent or –27.71 point. India’s BSE Sensex is trading at 31,389.52 with a loss of –1.93% percent or –619.09  point at 12:15 PM.

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