Trade Setup for Tuesday 17 May 2022: Stock Market News
Trade setup for Tuesday– Good morning and welcome to the morning reports, the top things to know before the stock market opens today May 17, 2022
Asian markets are mostly trading in the green on Tuesday, following mixed cues from Wall Street overnight. Nikkei and Hang Seng are trading higher by 0.56 percent and 1.89 percent respectively whereas Shanghai is trading flat to the positive at this moment at 7.20 am IST. The SGX Nifty is trading higher by 38 points or 0.24 percent at 15882 levels.
The indication getting from the Asian markets is positive today, Indian stock markets are likely to open in the green with a cautious note. Nifty may open above 15860 levels today.
The US and European market Indexes update
The US market indexes ended mixed on Monday dragged by travel and casino stocks. Investors are worried that the Federal Reserve has been too late to spot the risks from soaring inflation, and fear that the central bank will now aggressively fight with it and this may ultimately lead to a recession. The US market index Dow Jones gained slightly by 0.08 percent whereas S&P 500 and Nasdaq declined by 0.39 percent and 1.20 percent respectively.
European markets closed mixed on Monday. UK FTSE managed to close higher by 0.63 percent, reversing their early losses despite the ongoing concerns for the global economy after disappointing data from China and warnings the US could be headed for recession. DAX and CAC closed lower by 0.23 percent and 0.45 percent respectively as China’s economic data cast a long shadow over the outlook for the world’s second-largest economy.
Indian stock market updates
Indian stocks market indexes closed in the green on Monday after a heavy selloff in the previous week. The domestic markets got support from the Asian markets today. The benchmark indices, Sensex and Nifty gained 0.34 percent and 0.38 percent respectively. FIIs were the sellers and DIIs were the buyers in equity cash segments. FIIs sold Rs 1788.93 crore while DIIs bought Rs 1428.39 crore in the equity cash segment on Monday.
Securities Delivery Report
| Delivery Report Eod 16-05-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | AMBUJACEM | AMBUJACEM |
| 2 | ICICIPRULI | ACC |
| 3 | ACC | EICHERMOT |
| 4 | CUB | APOLLOTYRE |
| 5 | EICHERMOT | BAJAJFINSV |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | LALPATHLAB | LALPATHLAB |
| 2 | ABCAPITAL | ABCAPITAL |
| 3 | CHAMBLFERT | CHAMBLFERT |
| 4 | NAM-INDIA | HONAUT |
| 5 | METROPOLIS | NAM-INDIA |
Q4 Results for Today
Bharti Airtel, Indian Oil Corporation, DLF, PI Industries, Abbott India, Bajaj Electricals, Bajaj Healthcare, Kajaria Ceramics, Dr Lal PathLabs, Minda Corporation, Sapphire Foods India, Fairchem Organics, Galaxy Surfactants, GMR Infrastructure, NOCIL, Nucleus Software Exports, Sun Pharma Advanced Research Company, EID Parry (India), Indoco Remedies, IRB Infrastructure Developers, Jubilant Ingrevia, and Zydus Wellness
Top News- before the trade setup for Tuesday, May 17, 2022.
According to the Confederation of Indian Industries (CII), the country’s GDP growth is expected to be in the band of 7.4 percent to 8.2 percent depending on the global crude oil prices.
The report, as per SBI economists says that almost 59 percent of inflation since February is due to war-related factors. It has also been said that there are concerns amidst this backdrop about whether rate hikes by the RBI will be useful in taming inflation forcing the central bank to go for more aggressive rate hikes during the year.
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