Trade setup for Monday 9 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 9, 2022
Asian markets are mostly trading lower on Monday tacking negative cues from the US markets on Friday. Nikkei is trading lower by 2 percent. Shanghai erased early losses and trading slightly higher by 0.28 percent . Hang Seng is not trading today due to a national holiday. SGX Nifty is trading lower by 199 points or 1.21 percent and at 16221 levels.
The indication getting from the global markets is negative today, SGX Nifty also indicating a gap down opening today at 7.20 am IST. Indian stock market indexes are likely to open lower today, Nifty is expected to open below 16300 levels.
The US and European market Indexes update
The US market indexes closed lower amid volatility despite the better than expected job report in April on Friday. The stock markets fell but the long-term Treasury yields extended gains after the job reports were announced on Friday. The US market indexes, Dow Jones and S&P 500 fell 0.30 percent and 0.57 percent respectively while Nasdaq was down by 1.40 percent on Friday.
European markets declined on Friday as investors fear of rising inflation and a hike in interest rates across the globe. Investors continue to fear the possibility of a recession in the US and other places due to monetary policy tightening. European market indexes, FTSE and CAC were down by 1.54 percent and 1.73 percent respectively while DAX fell 1.64 percent on Friday.
Indian stock market updates
Indian stock market indexes opened lower on Friday and traded negatively throughout the day due to weak global cues. The benchmark indexes, Sensex and Nifty were down by 1.56 percent and 1.63 percent respectively. FIIs were the seller and DIIs were buyers in the equity cash segment on Friday. FIIs sold Rs 5517.08 crore while DIIs bought Rs 3014.85 crore on the last day of the week.
Securities Delivery Report
| Delivery Report Eod 06-05-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | SRTRANSFIN | ABB |
| 2 | ABBOTINDIA | ABBOTINDIA |
| 3 | GSPL | OFSS |
| 4 | IOC | HEROMOTOCO |
| 5 | HEROMOTOCO | HONAUT |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | CHOLAFIN | NAVINFLUOR |
| 2 | NAVINFLUOR | CHOLAFIN |
| 3 | TVSMOTOR | COFORGE |
| 4 | BATAINDIA | OBEROIRLTY |
| 5 | BHARATFORGE | VOLTAS |
Q4 Results for Today
UPL, PVR, Godrej Agrovet, Infibeam Avenues, Dalmia Bharat, Gujarat Narmada Valley Fertilizers & Chemicals, Suven Pharmaceuticals, VST Tillers Tractors, 3i Infotech, Aarti Drugs, BASF India, Borosil, Central Bank of India, CMS Info Systems, Craftsman Automation, Vedant Fashions, ISMT, Mold-Tek Packaging, Visaka Industries, and others will release quarterly earnings today
Top News- before the trade setup for Monday, May 9, 2022.
The unemployment rate in urban India in the October-December quarter of 2021-22 fell for the second consecutive quarter to 8.7 percent from 9.8 percent in the July-September quarter. This is as per a survey released by the Ministry of Statistics and Programme Implementation on Friday on a quarterly basis.
India’s forex reserves dipped below the $600 billion mark and continued its southward journey for the eighth consecutive week. As per the data released by RBI, India’s foreign exchange reserves dropped by $2.695 billion and stand at $597.73 billion in the week ending April 29, 2022.
The crude oil prices closed higher on Friday. On Monday at 7.15 am, the Brent crude oil prices for July future is trading lower at $111.63 per barrel or 1.40% down.
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