Trade Setup for Wednesday 18 May 2022: Market News
Trade setup for Wednesday– Good morning and welcome to the morning reports, the top things to know before the stock market opens today May 18, 2022
Asian market indexes mostly opened higher on Wednesday tracking positive cues from Wall Street overnight, markets are slightly volatile after a sharp rally in the previous session. Nikkei is trading higher by 0.48 points while Hang Seng and Shanghai are trading lower by 0.87 percent and 0.27 percent respectively. The SGX Nifty is trading slightly lower by 62 points or 0.32 percent at 16207 levels.
The indication getting from the SGX Nifty at this moment at 7.25 am IST is slightly negative. Indian stock markets are likely to start marginally lower today and the Nifty may open near 16200 levels.
The US and European market Indexes update
The US market indexes closed higher on Tuesday as investors digested last month’s retail sales data. The market participants preferred to buy beaten-down stocks in the technology, banking, airline, and other sectors. The US benchmarks, Dow Jones and S&P 500 gained 1.34 percent and 2.02 percent respectively while Nasdaq was up by 2.76 percent on Tuesday.
European stock market indexes advanced on Tuesday after taking lead from strong gains in Asia as investors punted on a potential lifting of covid restrictions in China. On the economic front, the UK unemployment rate declined in the first quarter of the current year, but wages were squeezed by rising inflation, according to the data released on Tuesday by the Office for National Statistics. European market key indexes, CAC and DAX gained by 1.30 percent and 1.59 percent respectively while FTSE was up by 0.72 percent on Tuesday.
Indian stock market updates
Indian stock market indexes made a substantial gain on Tuesday amid positive cues from the Asian markets. The equity benchmarks, Sensex and Nifty closed higher by 2.54 percent and 2.63 percent respectively. FIIs were the sellers and DIIs were the buyers in the equity cash segment. FIIs sold Rs 2192.44 while DIIs bought Rs 2294.42 crores in the equity cash segment on Tuesday.
Securities Delivery Report
| Delivery Report Eod 17-05-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | COROMANDEL | MCX |
| 2 | DIVISLAB | CHAMBLFERT |
| 3 | NAVINFLUOR | COROMANDEL |
| 4 | COALINDIA | HINDPETRO |
| 5 | APLLTD | COALINDIA |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | CROMPTON | AUROPHARMA |
| 2 | TATACONSUM | TATACONSUM |
| 3 | DALBHARAT | CROMPTON |
| 4 | AUROPHARMA | METROPOLIS |
| 5 | PAGEINDIA | DALBHARAT |
Q4 Results for Today
ITC, Aditya Birla Fashion and Retail, Arvind, Barbeque Nation Hospitality, Brookfield India Real Estate Trust REIT, Finolex Industries, Indian Overseas Bank, JK Lakshmi Cement, LIC Housing Finance, Lupin, Manappuram Finance, NDTV, Pidilite Industries, GIC Housing Finance, GMR Power and Urban Infra, GTL, Indraprastha Gas, InterGlobe Aviation Route Mobile, and others
Top News- before the trade setup for Wednesday, May 18, 2022.
On Tuesday, ICRA forecast the country’s economy to grow at 12-13 percent in the first quarter of the current fiscal. However, ICRA has maintained its annual GDP estimation at 7.2 percent for this fiscal citing concerns about inflation and the resultant RBI policy tightening.
The RBI on Tuesday, 17 May said that India needs to improve infrastructure, ensure low and stable inflation and maintain macroeconomic stability to revive animal spirits and spur growth. The RBI has also said in to achieve a higher growth path on a sustainable basis, private investments need to be encouraged through higher capital expenditure by the government.
If you like the post “Trade Setup for Wednesday 18 May 2022: Market News, ” please share it.
You may also like to read, Nifty and Bank Nifty Prediction for Tomorrow 18 May 2022
Stock Market Prediction Next Week (16- 20 May 2022)
Happy Investing!!
Editor’s Desk
