Trade Setup for Monday 30 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 30, 2022
Asian stock market indexes are trading higher on Monday tracking positive cues from Wall Street on Friday. Nikkei and Hang Seng are trading higher by 1.83 percent and 1.13 percent respectively while Shanghai is trading positive by 0. 24 percent at 7.05 am IST. The SGX Nifty is trading higher by 124 points or 0.76 percent at 16461 levels.
The indications getting from the global markets are strong. Indian stock markets are likely to open higher today. Nifty is expected to open a gap up above 16425 levels.
The US and European market Indexes update
The US stock market rose sharply on Friday as the latest data released showed better than expected consumer spending which indicates that inflation has peaked. The strong corporate earnings and sales growth forecast also cheered the market mode on Friday. The US market indexes, Dow Jones and S&P 500 gained 1.76 percent and 2.46 percent respectively while Nasdaq was up by 3.33 percent on Friday. Today the US markets are closed on account of Memorial Day.
European markets ended higher and extended their previous day’s gains on Friday after taking positive cues from Wall Street and Asian market peers. European market index FTSE closed slightly higher by 0.27 percent while CAC and DAX were up by 1.64 percent and 1.62 percent respectively on Friday.
Indian stock market updates
Indian stock markets made an optimistic start on Friday amid positive global cues and ended in the positive territory. The benchmark indices, Sensex and Nifty gained more than a percent each on the last day of the week. FIIs were the sellers while DIIs were the buyers in the equity cash segment. FIIs sold Rs 1943.10 crore while DIIs bought Rs 2727.47 crore in the cash segment on Friday.
Securities Delivery Report
| Delivery Report Eod 27-05-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | HDFCLIFE | VOLTAS |
| 2 | GMRINFR | INDIAMART |
| 3 | VOLTAS | HDFCLIFE |
| 4 | INDIAMART | PAGEIND |
| 5 | TVSMOTOR | L&TFH |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | MUTHOOTFIN | PEL |
| 2 | PEL | MUTHOOTFIN |
| 3 | CUMMINSIND | ONGC |
| 4 | ONGC | CUMMINSIND |
| 5 | OBEROIRLTY | IPCALAB |
Q4 Results for Today
Life Insurance Corporation of India, Jubilant Foodworks, Sun Pharma, Aurobindo Pharma, Campus Activewear, IRCTC, Coffe Day Enterprises, LT Foods (Daawat), Dilip Buildcon, DCM Shriram Industries, Delhivery, Dhampur Sugar, Dhani Services, Dish TV, Dixon Technologies, Dredging Corporation of India, Eureka Forbes, Jindal Steel & Power, Lux Industries, and others
Top News- before the trade setup for Monday, May 30, 2022.
The country’s forex reserves spiked for the first time after nine consecutive shrinkages. The forex reserves increased by $4.2 billion to $597.5 billion for the week ended May 20, as the latest data showed by the RBI. The central bank is aiming to retain the $600 billion mark amid current global uncertainties.
The US has become India’s top trading partner in 2021-22, surpassing China and reflecting the economic ties between the US and India. According to the latest data released by the commerce ministry, 20 FY22, the bilateral trade between the US and India stood at $119.42 billion against $80.51 billion in the previous year. Whereas the bilateral trade with China aggregated at $115.42 billion in FY2022 as compared to $86.4 billion in the previous year.
The Brent was closed at $115.32 per barrel almost 6% higher last week, on Monday it is trading higher above $116 per barrel.
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You may also like to read, Nifty and Bank Nifty Prediction for Monday 30 May 2022
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Happy Investing!!
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