Trade setup for Thursday 28 April 2022- stock market news
Trade setup for Thursday– Good morning and welcome to the morning reports, the top things to know before the stock market opens today April 28, 2022
Asian markets are mostly trading in the green on Thursday tracking positive cues from Wall Street overnight. Nikkei and Hang Seng are trading higher by 0.53 percent and 0.44 percent respectively while Shanghai is trading slightly lower by 0.25 percent at 7.30 am IST. The SGX Nifty is trading flat, up only 9 points or 0.06 percent at 17075 levels.
The indications getting from the global markets are positive, Indian stock markets are likely to open in the green today. Traders should remain cautious, markets may trade volatile due to the monthly F&O expiry today.
The US and European market Indexes update
The US key indexes closed mostly in the green after a choppy trading session on Wednesday. Dow Jones and S&P 500 closed slightly higher after a previous day’s sharp selloff on the back of gains in the Oil&Gas, Basic Materials, and Industrial stocks. At the close, Dow Jones and S&P500 gained 0.19 percent and 0.21 percent respectively while Nasdaq closed flat to the negative, down by just 0.01 percent on Wednesday.
The key European indexes closed higher on Wednesday and the euro slipped to its weakest since 2017 after Russia stopped gas supplies to Poland and Bulgaria. European markets gained with the support of mixed corporate earnings and a boost in the commodity stocks on Wednesday. The benchmark indexes FTSE and CAC gained 0.53 percent and 0.48 percent respectively while DAX was up by 0.27 percent on Wednesday.
Indian stock market updates
Indian stock markets closed lower on Wednesday amid negative global cues. The Benchmark indices Sensex and Nifty fell 0.94 percent each on Wednesday. FIIs were the sellers and DIIs were the buyers in the equity cash segment. FIIs sold Rs 4064.54 crore while DIIs bought 1917.51 crores in the equity cash segment on Wednesday.
Securities Delivery Report
| Delivery Report Eod 27-04-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | IPCALAB | MGL |
| 2 | MGL | HEROMOTORCO |
| 3 | DIVISLAB | BALKRISIND |
| 4 | LALPATHLAB | ABCAPITAL |
| 5 | BALKRISIND | JINDALSEL |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | BAJFINANCE | BAJFINANCE |
| 2 | MUTHOOTFIN | PFC |
| 3 | HONAUT | PFIZER |
| 4 | PFIZER | AUTUL |
| 5 | MINDTREE | IEX |
Q4 Results for Today
Axis Bank, Bajaj Finserv, Ambuja Cements, SBI Life Insurance Company, Vedanta, Agro Tech Foods, Biocon, Coromandel International, Embassy Office Parks REIT, Fineotex Chemical, IIFL Finance, IndiaMART InterMESH, Laurus Labs, Motilal Oswal Financial Services, Mphasis, Procter & Gamble Hygiene & Health Care, PNB Housing Finance, Shoppers Stop
Top News- before the trade setup for Thursday, April 28, 2022.
While giving an interview with ET, the South Asian regional director of World Bank, Cecile Fruman said India needs to remove trade restrictions, reduce tariffs and provide seamless connectivity at the border to read the trade benefits in the South Asian region.
The Crude oil prices slipped on Wednesday, as US crude stocks rise modestly and demand from China declined due to the lockdown to curb the Covid-19 outbreak. On Thursday at 7 am IST the Brent crude July futures are trading below $104.42 per barrel.
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