Top things to know before the market opens today, 31 Jan
Trade Set Up for Monday-Top things to know before the market opens today, 31 Jan 2022
Good morning and welcome to the morning reports- top things to know before the market opens today, 31 Jan 2022
Asian markets are trading higher on Monday tracking the positive cues from Wall Street last Friday. Nikkei and Hang Seng are trading higher by 0.84 percent and 0.05 percent respectively. Shanghai is closed for this week due to a national holiday. SGX Nifty is trading higher by 146 points or 0.86 percent at 17238 levels. The indication getting from the Asain market is positive, Indian stock markets are likely to open positive today.
The US and European market updates
The US markets were closed higher on Friday as buying witnessed in the last hour due to strong corporate earnings from Apple and other big companies. The market indexes, Dow Jones and S&P 500 gained 1.65 percent and 2.43 percent respectively whereas the tech-heavy Nasdaq jumped 3.13 percent on Friday.
European market indexes were closed in the red on Friday as traders have taken their cues from an early selloff in US tech shares, Germany’s GDP growth has also disappointed traders on Friday. Traders were also concerned about the geopolitical tension between Russia and Ukraine. The European market indexes FTSE and DAX were down by 1.17 percent and 1.32 percent respectively, whereas CAC was down 0.82 percent on Friday.
Indian stock market updates
Indian stock markets erased all early losses last Friday and closed slightly lower. The key indexes, Sensex and Nifty ended lower by 0.13 percent and 0.05 percent respectively. FIIs were the sellers and DIIs were the buyers in the cash segment. FIIs sold Rs 5045.34 crore while DIIs bought Rs 3358.67 crores on the last day of the week.
Top news and updates you should know before the market opens today, 31 Jan 2022
According to the FICCI survey released on Sunday, the outlook for India’s manufacturing sectors has improved in the Oct-Dec end quarter even as the cost of doing business remains a cause for concern and hiring prospects remain subdued.
Finance Minister Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on Monday soon after the President’s Address to both houses of Parliament.
According to RBI released data, India’s foreign exchange reserves declined by $678 million to $ 634.287 billion in the week ended 21 January. This is as compared to the previous week’s reserve that increased $2.229 billion to $634.965 billion.
Today’s Q3 earnings: Tata Motors, BPCL, HPCL, Indian Oil Corporation, UPL, Sun Pharmaceutical Industries, DLF, Aarti Drugs, ADF Foods, Ajanta Pharma, LT Foods, Dwarikesh Sugar Industries, Edelweiss Financial Services, Exide Industries, GIC Housing Finance, Housing Development & Infrastructure, Hester Biosciences, Infibeam Avenues, Jindal Saw,
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