Trade set up for Monday 7 March 2022- Top things to know

 

Trade set up for Monday 7 March 2022- Top things to know before the opening bell

 

Trade set up for Monday- Good morning and welcome to the morning reports, the top things to know before the market opens today March 7, 2022

.Asian markets are trading in the deep red as Brent crude has touched $130.89 per barrel on Monday, a 13 year high on a possible ban on Russian oil. Nikkei and Hang Seng are trading with a deep cut, at 7.30 am both indexes are trading lower by 3.63 percent and 3.93 percent respectively while Shanghai is trading lower by 0.88 percent. SGX Nifty is trading lower by 415 points or 2.56 percent at 15828 levels. 

The indication getting from the Asian markets is negative, a gap-down opening is expected for the Indian stock market today. Nifty is likely to open below 15900 levels today.

 

The US and European market Indexes update

 

The US markets closed in the red on Friday despite stronger than expected job reports. The news of the Russian troops attacking the nuclear power plant in Ukraine also hit the global market sentiments on Friday. The US market indexes, Dow Jones and S&P 500 closed lower by 0.53 percent and 0.79 percent respectively while Nasdaq was down by 1.66 percent on Friday.

European markets closed in the deep red after the Russian troops attacked the Ukrainian power pant and blaze the site. The fire was later extinguished and later it was operating normally with no damage to the reactor. In the European market indexes, FTSE was down by 3.48 percent while CAC and DAX fell 4.91 percent and 4.41percent respectively on Friday.

 

Indian stock market updates

 

The Indian equity markets opened in the deep cut on Friday and later managed to trim their losses at the close. The benchmark indexes, Sensex and Nifty were down by 1.40 percent and 1.53 percent respectively. FIIs were the seller and DIIs were the buyers in the cash segment on Friday. FIIs sold Rs 7631.02 crore while DIIs bought Rs 4738.99 crore on the last day of the week.

 

Top news and updates you should know before the trade set up for Monday, March 7, 2022

 

According to the Reserve Bank data released on Friday, the country’s foreign exchange reserves declined by $ 1.425 billion to $631.527 billion for the week ended February 25, the dip is due to currency assets. The foreign exchange reserves had increased by $2.762 billion to $632.952 billion in the previous week.

On Sunday, economist and RBI Monetary Policy Committee (MPC) member Jayanth r Verma said that the Russia-Ukraine conflict is likely to have an adverse effect on both economic growth as well as inflation. He has also said that the policymakers must remain alert and ready to respond rapidly to the emerging situation.

The Internation Monetary Fund (IMF) on Sunday said that the ongoing Russia-Ukraine war and Western country’s sanctions on Russia will have a severe impact on the global economy. The IMF also warned that the crisis will shock inflation and economic activity at a time when price pressures were already high.

If you like the post “Trade set up for Monday, March 7, 2022- Top things to know ” then please share it with others.

 

You may also like to read,  Stock Market Prediction next week ( 7 – 11 March 2022) 

                                           Nifty and Bank Nifty Prediction for Monday 7 March 2022

                                           

Happy Investing!!

Editor’s Desk