Trade set up for Friday 4 March 2022- Latest Market News

 

Trade set up for Friday 4 March 2022- Latest Stock Market News and Updates

 

Trade set up for Friday- Good morning and welcome to the morning reports, the top things to know before the market opens today March 4, 2022

Asian markets are trading in the deep cut on Friday taking negative cues from the global peers. The market sentiments got negative as the second round of talks between Russia-Ukraine failed to reach an agreement on a cease-fire. Russian troops are shelling Europe’s largest nuclear power station in Ukraine.

Asian market indexes, Nikkei and Hang Seng are trading lower by 1.92 percent and 2.71 percent respectively while Shanghai is trading 0.95 percent down at this moment at 7.30 am IST. SGX Nifty is trading lower by 299 points or 1.81 percent at 16212 levels. The indication getting from the other Asian markets is negative, Indian stock markets are likely to open a gap down today.

 

The US and European market Indexes update

 

The US markets slipped on Thursday as investors assessed how a recent jump in commodity prices is likely to affect inflation and economic growth. Investors are also concerned about the Fed’s Monetary Policy decision based on the effect of higher inflation. The US market indexes, Dow Jones and S&P 500 fell 0.29 percent and 0.53 percent respectively while Nasdaq was down 1.56 percent on Thursday.

European markets extended their early losses and closed in the deep cut on Thursday due to the surging crude oil prices in response to the growing impact of sanctions on Russia over its invasion of Ukraine. European market indexes, FTSE and DAX closed lower by 2.57 percent and 2.16 percent respectively while CAC was down by 1.84 percent on Thursday.

 

Indian stock market updates

 

The Indian equity markets erased early gains and closed lower on Thursday. The Nifty and Sensex closed lower by 0.65 percent and 0.66 percent respectively. FIIs were the sellers and DIIs were the buyers in the cash segment. FIIs sold Rs 6644.65 crores while DIIs bought Rs 4799.24 crore in the cash segment on Thursday.

 

Latest stock market news and updates you should know before the trade set up for Friday, March 4, 2022

 

The crude oil is multi-year high due to the Russia-Ukraine war, the concerns over the funding of infrastructure projects especially the roads and waterways have been rising. Market analysts are worried about the rising energy cost, which may force the government to reduce the roads and infrastructure cess (RIC) once again to reduce the impact of the crude oil prices on petrol and diesel.

Due to the possible deferment of the LIC IPO, which was expected to fetch Rs 60000 crore, to the next financial year due to the ongoing Russia-Ukraine war, the finance ministry will now daily monitoring of the revenue receipt including tax collection as well as the expenditure from March 15 onwards. This is because the government is keen to keep the deficit within stated targets.

The US weekly jobless claims fell by 18000 to a seasonally adjusted 215000 for the week ended Feb 26, down from the revised 233000 data shown in the previous week as per the report by the Labor Department on Thursday.

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