Trade setup for Monday 2 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 2, 2022.
The stock market of Hong Kong, Shanghai, and Taiwan are closed on Monday due to labor day. Japan’s Nikkei is trading lower by 0.57 percent at this time at 7.15 am IST. The SGX Nifty is trading lower by 191 points or 1.12 percent at 16935 levels. The Asian markets are trading lower following the negative cues from the US markets on Friday.
The indication getting from SGX Nifty is negative today. Indian stock markets are likely to open a gap down today but we may see some recovery due to positive GST collections.
The US and European market Indexes update
The US markets fell sharply on Friday to their deepest daily losses since 2020, as Amazon tanks 14% after gloomy corporate earnings were announced. Heavy selling pressure in technology shares dragged Nasdaq to its worst monthly performance in more than a decade. The US market indexes, Dow and S&P 500 fell 2.77 percent and 3.63 percent respectively while tech-heavy Nasdaq was down 4.17 percent on Friday.
European markets closed higher on Friday despite weaker economic growth in the first quarter and higher inflation in the eurozone. The strong earnings reports and a rally in mining stocks boosted the market sentiments that were dominated by concerns about slowing global growth. European market indexes, FTSE and DAX were closed higher by 0.47 percent and 0.84 percent respectively while CAC was up by 0.39 percent on the last day of the week.
Indian stock market updates
Indian stock markets fell sharply in the last hour on Friday and wipe out their weekly gains. The benchmark indexes, Sensex and Nifty fell 0.80 percent and 0.83 percent respectively. FIIs were the seller and DIIs were the buyers in the equity cash markets segments. FIIs sold Rs 3648.30 crore and DIIs bought Rs 3490.30 crore in the equity cash segment on Friday.
Securities Delivery Report
| Delivery Report Eod 29-04-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | RAMCOCEM | MCX |
| 2 | MCX | ULTRACEMCO |
| 3 | ULTRACEMCO | SRTRANSFIN |
| 4 | TORNTPHARM | TORNTPHARM |
| 5 | COFORGE | LAURUSLABS |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | MGL | VEDL |
| 2 | CANFINHOMS | GUJGASLTD |
| 3 | ASTRAL | MGL |
| 4 | ICICIPRULI | AXISBANK |
| 5 | GRANULES | CANFINHOME |
Q4 Results for Today
HDFC, Britannia Industries, Alembic Pharmaceuticals, Astec Lifesciences, Adani Wilmar, Castrol India, CG Power, Industrial Solutions, Devyani International, Dwarikesh Sugar Industries, EIH Associated Hotels, IDBI Bank, Inox Leisure, JBM Auto, Jindal Stainless, Mahindra & Mahindra Financial Services, Mahindra Holidays & Resorts India and others.
Top News- before the trade setup for Monday, May 2, 2022.
Goods and Services Tax (GST) collections hit an all-time high of over Rs 1.68 lakh crore in April 2022. This is the second-highest collection of 1.42 lakh crore that was reported in the month of March 2022. The GST collection has crossed 1.5 lakh crore for the first time, and more than 1 lakh crore for the tenth month in a row.
On Friday, the data released by the commerce and industry ministry showed that India’s core sector growth slowed to 4.3% in March. The Core sector grew by 6 percent in February 2022. The cumulative growth rate of the index of Eight core Industries (ICI) stood at 10.4 percent from April to March of 2021-22 compared to the same period the previous year.
According to RBI data showed, India’s foreign exchange reserves declined by $3.271 billion to $600.423 billion for the week ended April 22. The foreign reserve had declined by $311 million to $603.694 billion.
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