Trade Setup for Monday 27 June 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 June 27, 2022.
Asian markets opened gap-up and are trading strong on the first day of the week, tracking positive cues from Wall Street on Friday. Nikkei and Hang Seng are trading higher by 0.93 percent and 1.75 percent respectively while Shanghai is trading higher by 0.60 percent. The SGX Nifty is also trading higher by 170 points or 1.09 percent at this moment.
The global cues are positive, Asian markets are trading strong today at this time at 7.15 am IST. Indian stock markets are likely to open a gap-up today. Nifty may open above 15850 levels.
The US and European market Indexes update
The US market indexes closed sharply higher on Friday and snapped a three-week losing streak. The market gained as investors preferred to buy beaten-down stocks after the recent slide in commodity prices eased worries about inflation and an aggressive rate hike outlook. The US market indexes S&P 500 and Nasdaq gained 3.04 percent and 3.34 percent respectively while Dow Jones was up 823 points or 2.68 percent on the last day of the week.
European markets jumped on Friday tracking positive cues from Asian and US markets. The Gfk consumer confidence reported a record low while Retail sales also declined in May. The weak economic data fueled the investor’s hopes that the central bank might go less hawkish due to fear of recession. European market indexes FTSE and CAC gained 2.68 percent and 3.23 percent respectively while DAX was up by 1.59 percent on Friday.
Indian stock market updates
Indian stock market indexes closed higher on Friday for the second consecutive day amid positive global cues. The benchmark indices, Sensex and Nifty gained by 0.88 percent and 0.92 percent respectively. FIIs continued their selling spree, they sold Rs 2353.77 crores while DIIs were the net buyers of Rs 2213.44 crores in the equity cash segment on Friday.
Securities Delivery Report
| Delivery Report Eod 24-06-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | PEL | HAVELLS |
| 2 | CONCOR | CUB |
| 3 | CUB | STAR |
| 4 | UBL | JKCEMENT |
| 5 | DALBHARAT | CHOLAFIN |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | AUTUL | MPHASIS |
| 2 | MPHASIS | MINDTREE |
| 3 | MINDTREE | LTTS |
| 4 | LTTS | ATUL |
| 5 | ALKEM | APOLLOHOSP |
Top news you should read before the trade setup for Monday 27 June 2022.
According to the RBI data shown on Friday evening, the country’s foreign exchange reserve fell by $5.87 billion to $590.558 billion in the week ended 17 June 2022. This is because, as the FPIs continue to withdraw their investments from the local equities amid the global slowdown. The foreign exchange reserve for the previous week was down by $4.599 billion to $596.458 billion.
Formal job creation registered a significant rise on YoY bases in April across the Employees Provident Fund Organization (EFPO), Employees State Insurance Corporation (ESIC), and National Pension Scheme (NPS).
The provisional payroll data released by the statistics and program implementation ministry on Friday showed net new subscribers added under the EPFO grew 41.6%, ESIC up 21.1% and NPS increased 15.6% in April compared to the same period last year.
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Happy Investing!!
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