Trade set up for Thursday, Feb 10, 2022- Morning Report
Trade set up for Thursday, Feb 10, 2022- Top things to know before market opens
Trade set up for Thursday – Good morning and welcome to the morning reports, the top things to know before the market opens today February 10, 2022
Asian markets are trading mixed on Thursday amid positive global cues. Nikkei is trading higher by 0.19 percent whereas Hang Seng and Shanghai are trading lower by 0.29 percent and 0.09 percent respectively at this time at 7.50 am. SGX Nifty is trading 36 points higher at 17520 levels.
The indication getting from the global markets is positive for the Indian stock market today.
The US and European market Indexes update
The US markets closed higher on Wednesday as the government bond yield fell after a recent high while buying witnessed in the technology share. The market key indexes, Dow Jones and S&P 500 gained 0.86 percent and 1.45 percent respectively while the tech-heavy Nasdaq jumped 2.08 percent on Wednesday.
European markets closed higher on Wednesday as investors cast aside inflationary worries and focused on the steady stream of corporate news. European market indexes FTSE gained 1.01 percent whereas CAC and DAX were up by 1.46 percent and 1.57 percent respectively on Wednesday.
Indian stock market updates
Indian stock markets advanced for the second consecutive day on Wednesday. The equity benchmarks, Sensex and Nifty closed higher by 1.14 percent each. FIIs were the sellers and DIIs were the buyers in the cash markets. FIIs sold Rs 892.64 crores whereas DIIs bought Rs 1793.35 crore on Wednesday.
Top news and updates you should know before the trade set up for Thursday, February 10, 2022
The commerce and industry minister Piyush Goyal told Lok Sabha on Wednesday that the country has received foreign direct investment (FDI) of $54.1 billion in April-November 2021-22. Computer software and hardware attracted the highest investment at $9.06 billion followed by the automobiles sector at $5.84 billion and the services sector at $4.94 billion during the above-mentioned period.
The first bi-monthly RBI Monetary Policy outcome in 2022 is scheduled for Thursday 10 February. The central bank is likely to keep key policy rates, including repo and reverse repo rates unchanged. The markets will closely watch out for the RBI’s commentary on the inflation outlook and its stance.
In the last 5 years, India has received Foreign Direct Investment (FDI) inflows worth $ 339.55 billion, according to the Union Minister of State for Commerce and Industry Som Prakash said on Wednesday. The FDI inflows have increased continuously from $45.15 billion in 2014-15 to $ 81.97 billion in 2020-21
Today’s Q3 earnings
Hero MotoCorp, Mahindra & Mahindra, Hindalco Industries, Zomato, ABB India, Aegis Logistics, Amara Raja Batteries, Alembic Pharmaceuticals, BEML, Bharat Forge, Computer Age Management Services, Cummins India, Gujarat Pipavav Port, Gujarat State Petronet, and others
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