Trade setup for Friday 29 April 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 April 29, 2022
Asian markets are mostly trading in the green on Friday tracking the positive cues from Wall Street overnight. Nikkei and Shanghai are trading higher by 1.75 percent and 0.26 percent respectively while Hang Seng is trading lower by 0.54 percent at 7.15 am IST. The SGX Nifty is trading higher by 74 points or 0.43 percent at 17304 levels.
The global cues are positive today, the indication getting from the SGX Nifty is also positive, and Indian stock markets are likely to open higher today.
The US and European market Indexes update
The US market indexes soared on Thursday as investors cheered solid corporate earnings reports despite rising inflations and digested an unexpected decline in the first-quarter gross domestic product (GDP). Technology shares were in charge on Thursday and the tech-heavy Nasdaq gained 3.06 percent. Dow Jones was up 614 points or 1.85 percent while S&P 500 closed higher by 2.47 percent on Thursday.
European markets closed higher on Thursday due to strong quarterly earnings from the big corporates and set aside worries about slowing global economic growth. European market indexes trimmed their early gains due to weak US GDP data and higher than expected German inflation. The key market indexes, FTSE and DAX closed higher by 1.13 percent and 1.35 percent respectively while CAC was up by 0.98 percent on Thursday.
Indian stock market updates
Indian stock markets gained on Thursday amid positive global cues. The key indices, Sensex and Nifty advanced 1.23 percent and 1.21 percent respectively. FIIs and DIIs both were buyers in the equity cash segment. FIIs bought Rs 743.22 crore while DIIs bought Rs 780.94 crore in the equity cash segment on Thursday.
Securities Delivery Report
| Delivery Report Eod 28-04-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | COROMANDEL | HDFCLIFE |
| 2 | HDFCLIFE | COROMANDEL |
| 3 | UPL | MFSL |
| 4 | COMPTRON | PFIZER |
| 5 | PERSISTENT | ACC |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | BAJAJ-AUTO | BAJAJ-AUTO |
| 2 | VEDL | HINDALCO |
| 3 | PEL | IEX |
| 4 | HAL | LURUSLABS |
| 5 | HINDALCO | ATUL |
Q4 Results for Today
Maruti Suzuki India, IndusInd Bank, UltraTech Cement, Wipro, SBI Cards and Payment Services, Can Fin Homes, Geojit Financial Services, Gillette India, GNA Axles, Gokaldas Exports, HFCL, Just Dial, L&T Finance Holdings, Lloyds Metals and Energy, RPG Life Sciences, Shriram City Union Finance, Solara Active Pharma Sciences, Sonata Software
Top News- before the trade setup for Thursday, April 28, 2022.
While doing an analysis of India’s imports, the government has identified 102 products, emphasis may be given to 18 items, imports of these items are high and consistently growing. According to the government, these items comprise 57.65% of India’s total imports and need immediate interventions for domestic production opportunities.
The US GDP falls 1.4% in the first quarter of 2022, as the economy shrank for the first time since early in the Pandemic. The decline in GDP is due to supply disruption, Omicron variant of Covid-19, and tapering of government spending hit consumers and businesses.
Crude oil prices rallied on Thursday after reports that Germany is no longer opposed to an embargo on Russian oil, which could further tighten supplies in the already stressed global crude market. On Friday at 7 am IST the Brent crude oil July futures is trading at $107.35 per barrel.
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