Nikkei Futures Update : 19 Nov 2021

The Nikkei 225 Future is trading at 29,783.00 with +0.72% percent or +213.00 point.The  Nifty Future is trading at 17,814.20 up with +0.12% or +21.30 point. The Hang Seng Future is trading at 25,019.50 with a loss of -1.14% percent or -288.50 point.

 

 

TODAY’S FACTORS AND EVENTS

Yes, bond yields will move and expectations on bond yields will rise over a period of time but the expectation as of now is that bond yields rise in a very gradual manner and moderately over a period of time. Our own expectation is maybe it will rise between 50 and 100 bps, as far as India is concerned over the next year to 18 months. At the same time, you would also have fairly strong economic revival and earnings recovery on the back of that. So we are looking at about 34% growth in profits of the Nifty 50 index for March 22 followed by another 15% for March 23. Hopefully, whatever increase in bond yields we see to some extent gets offset by increase in earnings numbers and earnings yields at the same time.

PREVIOUS DAY ACTIVITY

For the day Nikkei 225 is trading at 29,745.87 up with +0.50% percent or +147.21  point.the  nifty closed at 17,764.80  with a loss of -0.75%percent or  -133.85 point. Hong Kong’s Hang Seng is trading at 25,034.71 with a loss of -1.13% or -285.01 point.

 

 

WORLD MARKETS

For the day the Dow is trading at 35,870.95 with a loss of –0.17%percent or –60.10   point. The S&P 500 is trading at 4,704.54  up with +0.34% percent or +15.87  point. The Nasdaq Composite is trading at 15,921.57 with a loss of –0.33% percent or –52.28   point.

In other parts of world, Japan’s Nikkei 225 is trading at 29,717.77 with 0.40% percent or  –33.95 point. Hong Kong’s Hang Seng is trading at 25,014.38 with a loss of –1.21% ercent or –305.34 point. China’s Shanghai Composite is trading at 3,557.05 with 1.03% percent or +36.24   point. India’s BSE Sensex is trading at 59,636.01 with a loss of –0.62% percent or –372.32  point at 12:15 PM.