Top things to know before the stock market opens today
Top things to know before the stock market opens today, 17 Jan 2022
Good morning and welcome to the morning report before the Indian stock market opens today, 17 Jan 2022
Asian markets are trading mixed on Monday tracking mixed cues from the US markets last Friday. Traders are cautious ahead of China’s important economic data expected today. Nikkei and Shanghai are trading higher by 0.53 percent and 0.23 percent respectively while Hang Seng is trading lower by 0.46 percent. SGX Nifty is down by 61 points or 0.34 percent and trading at 18212 levels. The indication getting from SGX Nifty is negative, Indian markets are likely to open in the red today.
The US market indexes closed mixed on Friday, Dow Jones declined as banking stocks fell due to weak corporate earnings. The US market indexes, Dow Jones closed lower by 0.56 percent whereas Nasdaq and S&P 500 gained 0.59 percent and 0.08 percent respectively on 14 January.
European markets end lower on Friday despite UK’s better than expected GDP data. FTSE closed lower by 0.28 percent while CAC and DAX were down by 0.81 percent and 0.93 percent on Friday, 14 January
Indian stock markets finished almost flat on Friday. The equity benchmark indices, Sensex and Nifty closed slightly lower by 0.02 percent and 0.01 percent respectively. FIIs were the sellers and DIIs were the buyers in the cash segment on Friday. FIIs sold Rs 1598.50 crore while DIIs bought Rs 371.41 crore in the cash market on the last day of the week.
Top news and updates you should know before the stock market opens today, 17 Jan 2022
India’s exports in December surged a record high of 38.91 percent on a year to $37.81 billion, growth is due to outbound shipments of engineering, textiles, and chemicals as per the data released by the government on Friday. Imports also rose a record of 38.55% to $59.48 billion, widening the trade deficit to $21.68 billion.
The country’s foreign exchange reserves declined to $878 million and stood at $632.74 billion, during the week ended January 7. This is as compared to $633.61 billion reported a weak earlier.
Today’s Q3 Earnings- UltraTech Cement, Sonata Software, HFCL, Angel One, Tata Steel Long Products, Bhansali Engineering Polymers, Goodluck India, Hathway Cable & Datacom, and others.
Bullish Stocks For Today:
- IRCTC
- Granules India Ltd
- L&T
- Reliance
- HDFC Bank
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You may also like to read, Stock Market Prediction next week (17 Jan – 21 Jan 2022)
Nifty and Bank Nifty Prediction for Monday, 17 Jan 2022
Happy Investing!!
Editor’s Desk
