Trade Setup for Friday 20 May 2022: Stock Market News
Trade setup for Friday– Good morning and welcome to the morning reports, the top things to know before the stock market opens today May 20, 2022
Asian markets are trading higher on Friday after the previous day’s selloff. The market sentiments improved, as China cuts key interest rates by record to boost the ailing economy. The Asian market indexes, Nikkei and Hang Seng are trading higher by 0.97 percent and 1.52 percent respectively while Shanghai is trading higher by 0.76 percent at 7.40 am IST.
The SGX Nifty is trading higher by 232 points or 1.48 percent at 16019 levels. The cues from the Asian markets are positive. Indian stock market indexes are likely to open higher today. Nifty is likely to open around 16000 levels
The US and European market Indexes update
The US markets and bond yields fell on Thursday, with the S&P 500 flirting with a bear market after Wednesday’s biggest fall in two years. Investors are worried about the growth and are selling every bounce as they fret about a recession in the US and elsewhere. The US market indexes, Dow Jones and S&P 500 declined by 0.75 percent and 0.58 percent respectively while Nasdaq was down by 0.26 percent on Thursday.
European markets were closed lower on Thursday following the sell-off in the US markets. Investors are concerned about the growth and are selling their equity at every bounce and looking for safe-haven assets. European market indexes FTSE and CAC declined by 1.82 percent and 1.26 percent respectively while DAX was down by 0.90 percent on Thursday.
Indian stock market updates
Indian stock markets fell sharply on Thursday amid weak global cues. The benchmark indices Sensex and Nifty closed below their psychological (Sensex below 53K and Nifty below 16K) levels. FIIs were sellers and DIIs were the buyers in the cash segment. FIIs sold Rs 4899.92 crore while DIIs bought Rs 3225.54 crore in the equity cash segment on Thursday.
Securities Delivery Report
| Delivery Report Eod 19-05-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | ITC | DRREDDY |
| 2 | ABBOTINDIA | ITC |
| 3 | DRREDDY | ABBOTINDIA |
| 4 | PIIND | METROPOLIES |
| 5 | POWERGRID | PIIND |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | MANAPPURAM | LUPIN |
| 2 | LICHSGFIN | MANNAPPURA |
| 3 | LUPIN | LICHSGFIN |
| 4 | UBL | INFY |
| 5 | INFY | TCS |
Q4 Results for Today
NTPC, One 97 Communications (PayTM), Amara Raja Batteries, Gati, HeidelbergCement India, Indiabulls Housing Finance, IDFC, Indigo Paints, Indian Railway Finance Corporation, JK Tyre and Industries, CE Info Systems, Metro Brands, Narayana Hrudayalaya, Nuvoco Vistas Corporation, Paras Defence and Space Technologies, Pfizer, SML Isuzu, Sobha, Thermax, and others
Top News- before the trade setup for Friday, May 20, 2022.
The US jobless claims benefits unexpectedly rose last week. The initial claims for state unemployment benefits increased a seasonally adjusted 218000 for the week ended May 2014, the highest levels since January, the markets forecasted for 200000
On Thursday, Finance Minister Nirmala Sitharaman said India’s economic growth is likely to be robust at 8.9 percent in the current financial year, reflecting the country’s strong resilience and speedy recovery. Sitharaman said this while addressing the 7th Annual meeting of the Board of Governors of New Bank ( NDB) via video conference
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