Trade Setup for Tuesday 13 Sept: Stock Market News
Trade setup for Tuesday 13 Sept– Good morning and welcome to the morning reports, the top things to know before the stock market opens today
Asian stock market indexes are mostly trading higher on Tuesday following positive cues from Wall Street overnight. Nikkei and Shanghai are trading higher by 0.25 percent and 0.09 percent respectively while Hang Seng is trading slightly lower by 0.11 percent at this time at 7.10 am IST. The SGX Nifty is trading higher by 108 points or 0.60 percent at 18049 levels.
The indication getting from the Asian markets is positive. The domestic markets are likely to open higher today, Nifty may open above 18030 levels.
The US and European market indexes update
The US stock market indexes gained for the fourth straight session on Monday ahead of the crucial inflation data that could provide clues about the pace of the Fed’s interest rate hikes. Energy and Technology shares supported the key indexes to touch two weeks high.
The Wall Street key indexes Dow Jones and S&P 500 gained 0.71 percent and 1.06 percent respectively while the tech-heavy Nasdaq jumped 1.27 percent on Monday.
European stock market indexes closed higher and hit a two-week high on Monday on hopes of some easing in energy prices. Investors bet on banking stocks due to record high-interest rate hikes in Europe. The pan-European STOXX 600 index rose 1.8% on Monday.
The key European stock market indexes FTSE and CAC gained 1.66 percent and 1.95 percent respectively while DAX was up by 2.40 percent on Monday
.
Indian stock market updates
Indian stock markets made a decent gain on Monday amid positive global cues. The benchmark indices, Sensex and Nifty ended higher by 0.54 percent and 0.58 percent respectively. The market breadth was strong with the Advance-Decline indicating a ratio of 2:1 at the close. FIIs were the buyers, they bought Rs 2049.65 crores worth of shares in the equity cash segment while DIIs sold Rs 890.51 crore on Monday.
News you should read before the trade setup for today 13 Sept
According to the data released on Monday after the market hours, India’s retail inflation surged to 7 percent on an annual basis in the month of August from 6.71 percent in July 2022. The inflation numbers remained elevated above the RBI tolerance band of 4-6 percent for eight consecutive months. The surge in inflation is mainly due to higher food prices in August
The Index of Industrial Production (IIP) data was released on Monday after the markets showed a growth of 2.4 percent in July as compared to 12.3 percent in June.
The country’s agricultural and processed food products exports rose by 30% to $9.6 billion April-July in the current fiscal. An export target of $23.56 billion has been fixed for the agricultural and processed food product basket for 2022-23 according to the commerce ministry.
If you like the post “Trade Setup for Tuesday 13 Sept: Stock Market News ” please share it.
You may also like to read, Nifty and Bank Nifty Prediction for Tomorrow 13 Sept 2022
Read this before opening Demat and Trading account
Happy Investing!!
Editor’s Desk
