Things to know before the Indian stock market open today
Good morning and welcome to the top things to know before the Indian stock market open today, 3 Jan 2021
Asian markets are mostly trading in the green on Monday, the first trading day of 2022. Several Asian markets including Nikkei and Shanghai are closed today. Hang Seng is trading marginally lower by 42 points or 0.18% today. SGX Nifty is also trading marginally down by 23 points at 17416.50 levels. As per the indications getting from the Asain markets, Indian Stock Markets are likely to open in flat to the positive note.
The US market indexes lost steam in a lackluster trading session on Friday. Wall Street’s major indexes, Dow and S&P500 ended lower by 0.16 percent and 0.26 percent respectively, whereas tech-heavy Nasdaq was down by 0.61percent on the last trading day of the year 2021.
European market indexes closed marginally lower on Friday. FTSE and CAC finished lower by 0.25 percent and 0.28 percent respectively.DAX was closed on the last trading day of the year on account of New Year’s eve. Markets witnessed thin volume as traders were in a holiday mood.
Indian stock market benchmark indexes, Sensex and Nifty closed higher on December 31 by 0.87 percent and 0.80 percent respectively. FIIs and DIIs both were net buyers in the cash segment, bought Rs 575.39 crore and Rs 1165.62 crores respectively last Friday.
Top things to know before the Indian stock market open today, 3 Jan 2022
India’s foreign exchange reserves declined by $587 million during the week ended 24 December, this is the fourth consecutive week reporting a decline.
Goods and Services Tax revenue collection for the month of December 2021 was over Rs 129 lakh crore. GST for the month of December reported 13 percent higher than the same period last year. The GST collection for the month of November was recorded at Rs 131 Lakh crore and this is the sixth month in a row the GST collection reported above Rs 1 lakh crore.
Indian stock market will react to December’s auto sales numbers today. The auto sales numbers reported mixed for the month of December. The consumer sentiments remained positive for carmakers but its recovery was hampered by the chip shortage, two-wheeler, tractor remained in the red. Auto stocks will remain in focus today.
Markit Manufacturing PMI data will be released today at 10.30 am, traders should remain cautious.
The balance of trade Export and Import data is expected after the market hours today.
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