Trade Setup for Monday 16 May 2022: Stock Market News
Trade setup for Monday– Good morning and welcome to the morning reports, the top things to know before the stock market opens today May 16, 2022.
Asian markets are trading higher on Monday, following a rebound in the US markets on Friday after a heavy selloff in the early week. Nikkei and Hang Seng are trading higher by 0.92 percent and 0.62 percent respectively while Shanghai is trading higher by 0.11 percent. The SGX Nifty is trading higher by 87 points or 0.55 percent at 15859 levels.
The indication getting from the Asian markets is positive today, Indian stock market indexes are likely to open higher today. Nifty is expected to open above 15830 levels. Traders should remain cautious as China’s retail sales and industrial production data are expected later in the day and it may dampen the market sentiments.
The US and European market Indexes update
The US markets gained on Friday after a heavy sell-off during the week, with a little help from Fed Chair Jerome Powell’s reassurance that the bigger rate hike would be off the table for now despite the higher inflation readings reported last week. The US market indexes, Dow Jones and S&P 500 gained 1.47 percent and 2.39 percent respectively while Nasdaq was up by 3.82 percent on Friday.
European market indexes extended their early gains on Friday, ending at their day’s high as investors went bargain hunting at the end of the volatile week. Investors were in fears of high inflation and more aggressive interest rate hikes by the Fed, earlier during the week. European market indexes, FTSE, and CAC were gained by 2.55 percent and 2.52 percent respectively while DAX was up by 2.10 percent on Friday.
Indian stock market updates
Indian stock markets erased all intraday gains due to profit booking at higher levels. The benchmark indices, Sensex and Nifty slightly down by 0.26 percent and 0.16 percent respectively on the last day of the week. FIIs were the sellers and DIIs were the buyers in the equity cash markets. FIIs sold Rs 3780.08 crore while DIIs bought Rs 3169.62 crores in the equity cash segment on Friday.
Securities Delivery Report
| Delivery Report Eod 13-05-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | CUMMINSIND | AUBANK |
| 2 | AUBANK | GODREJCP |
| 3 | SIEMENS | IGL |
| 4 | MCDOWELL-N | APPOLLOTYRE |
| 5 | IGL | CUMMINSIND |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | HONAUT | ALKEM |
| 2 | PETRONET | SBIN |
| 3 | SBIN | HONAUT |
| 4 | OBEROIRLTY | PETRONET |
| 5 | GNFC | GSPL |
Q4 Results for Today
Bharat Forge, MCX India, Ami Organics, Century Plyboards, Dodla Dairy, Fino Payments Bank, GlaxoSmithKline Pharmaceuticals, Greenply Industries, Max Ventures and Industries, Nava Bharat Ventures, Raymond, Shankara Building Products, Uttam Sugar Mills, VIP Industries, Omkar Speciality Chemicals, and others
Top News- before the trade setup for Monday, May 16, 2022.
According to the CMIE report on Sunday, the country’s labor force has increased by 8.8 million to 437.2 million in April from 428.4 million in March. This was the largest monthly increase since the beginning of the pandemic.
The RBI data showed on Friday that the country’s foreign exchange reserves fell by 1.7 billion to around $596 billion for the week ended May 6. The foreign currency assets dipped by nearly $2 billion, and gold reserves were up by 135 million. This was the eighth consecutive contraction of foreign reserve. However, the pace of fall reduced this time and the reserves are likely to bounce back as the currency market analysts.
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Happy Investing!!
Editor’s Desk
