Trade Setup for Thursday 30 June 2022: 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 June 30, 2022
Asian markets are mostly trading in the red on Thursday after tracking mixed cues from Wall Street. Hang Seng and Shanghai are trading higher by 0.06 percent and 0.69 percent respectively while Nikkei is trading lower by 1.03 percent. The SGX Nifty is trading lower by 35 points or 0.23 percent at 15742 levels.
The indications getting from the Asian markets are slightly negative at this moment. Indian stock markets are likely to start in a cautious mode. Nifty may open above 15700 levels today.
The US and European market Indexes update
The US stock market indexes closed mixed on Wednesday as market participants digested hawkish comments from Fed Chairman Jerome Powell at the European Central Bank forum. On Wednesday, the first quarter of the US GDP confirmed a larger contraction of 1.6% as earlier estimated of 1.4% in April.
The US market indexes, S&P 500 and Nasdaq closed almost flat at 0.07 percent and 0.03 percent respectively while Dow Jones gained 0.27 percent on Wednesday.
European stock market indexes closed lower on Wednesday, as fears about a global recession deepened after ECB and US Fed chairman stuck to their hawkish stance. Globally, the market sentiments got hit after Fed Chair Jerome Powell’s comment that there is a risk of interest rate hikes will slow the economy too much, but a bigger risk is persistent inflation.
European market indexes, CAC and DAX closed lower by 0.90 percent and 1.73 percent respectively while FTSE was down by 0.15 percent on Wednesday.
Indian stock market updates
Indian stock markets were trading volatile on Wednesday amid weak global cues. The benchmark indices tried to recover their intraday losses but closed marginally lower today. Sensex and Nifty were down by 0.28 percent and 0.32 percent respectively. FIIs were the net seller in the equity cash markets, they sold Rs 851.06 crore while DIIs bought Rs 847.46 crore on Wednesday.
Securities Delivery Report
| Delivery Report Eod 29-06-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | POWERGRID | ONGC |
| 2 | ABB | BOSCHLTD |
| 3 | ACC | SHREECEM |
| 4 | SHREECEM | ABBOTINDIA |
| 5 | ABBOTINDIA | POWERGRID |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | APLLTD | APLLTD |
| 2 | AUBANK | MINDTREE |
| 3 | PEL | AUBANK |
| 4 | TORNTPOWER | IEX |
| 5 | NBCC | PEL |
Top news you should read before the trade setup for Thursday 30 June 2022.
On 29 June, the Securities and Exchange Board of India ( SEBI) allowed foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivative market. SEBI further clarified that FPIs will be allowed to trade in all non-agricultural commodity derivatives but in a few select broad agricultural commodity derivatives, and to begin with FPis will be allowed only in cash-settled contracts.
On 29 June, while Addressing a press conference, the information and Broadcasting Minister Anurag Thakur said, “ Cabinet has approved Rs 2516 crore for computerization of 63000 Primary Agricultural Credit Societies (PACS). This is to improve the smooth functioning and bring transparency to (PACS)
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