Trade Setup for Thursday, June 2, 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 2, 2022
Asian Stock Markets are trading in the red on Thursday, tracking negative cues from the US markets. Nikkei and Shanghai are trading lower by 0.20 percent and 0.46 percent respectively while Hang Seng is trading lower by 1.27 percent. The SGX Nifty is also trading in the red, down by 68 points or 0.41 percent and at 16439 levels at this moment at 7.20 am IST.
The global cues are negative today. Indian stock markets are likely to open in the red. Nifty is expected to open around 16400- 16450 levels today.
The US and European market Indexes update
The US stock market indexes declined on the first day of June. The key Indexes gave up early gains and closed in the red, as many traders remained worried about the pace of the Fed’s interest rate hikes and about the start of the recession. The US market indexes, Dow Jones and S&P 500 fell 0.54 percent and 0.75 percent respectively while Nasdaq was down by 0.72 percent on Wednesday.
European markets fell on Wednesday, as the market sentiments were subdued due to weak German retail sales and slowing factory activity in the eurozone. Investors remained concerned about the slowdown in the economy amid record-high inflation. European market indexes, FTSE and CAC were down by 0.98 percent and 0.77 percent respectively while DAX was down by 0.33 percent on Wednesday.
Indian stock market updates
Indian stock market indexes closed lower on Wednesday for the second consecutive day amid mixed global cues. The benchmark indexes, Sensex and Nifty were down by 0.37 percent and 0.33 percent respectively. FIIs were the sellers and DIIs were the buyers in the equity cash segment. FIIs sold Rs1930.16 crore while DIIs bought Rs 984.11 crore in the cash segment on Wednesday.
Securities Delivery Report
| Delivery Report Eod 01-06-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | COALINDIA | COALINDIA |
| 2 | COROMANDEL | ABB |
| 3 | MFSL | TORNTPOWER |
| 4 | HAL | MFSL |
| 5 | ABB | BEL |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | BATAINDIA | BATAINDIA |
| 2 | PFC | PFC |
| 3 | UBL | NATIONALUM |
| 4 | NATIONALUM | GODREJPROF |
| 5 | CHAMBLFERT | TATACOMM |
Top News before the trade setup for Thursday 2, June 2022.
India has urged top multi-national companies to set up research and development (R&D) centers in the country, as it is going to be the hub of innovation and knowledge for the next two-three decades, a top government official said on Wednesday.
The Crude oil price fell nearly 2% in early trade on Thursday as investors preferred to book profit ahead of the key OPEC+ meeting later in the day, increasing output is the key agenda of the meeting. The Brent crude oil prices in Aug future trading at $113.73 per barrel today at 7 am IST.
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