Trade Set Up for Monday, 10 Jan 2022- Top things to know

 

Trade Set Up for Monday, 10 Jan 2022- Top things to know before market Open

 

Good morning and welcome to the stock market morning report for trade set up for Monday, 10 Jan 2022

Asian markets are mostly trading in the red today tracking Friday’s negative cues from the US markets. Nikkei is not trading today due to a holiday. Hang Seng is trading higher by 0.57 percent whereas Shanghai is trading lower by 0.51 percent at this moment. SGX Nifty is trading higher by 89 points or 0.50 percent and at 17946 levels. The indication getting from the SGX Nifty is positive for the Indian markets today.

The US stock market indexes end lower last Friday as the December job reports disappointed the market. The US benchmark indices Dow Jones closed almost flat, down by 0.01 percent while S&P 500 and Nasdaq closed lower by 0.41 percent and 0.96 percent respectively on the last day of the week. 

European market indexes closed mostly in the red as the eurozone inflation hit a new record high in the month of December. The investors were also concerned about the US payroll data that came short of market expectations. FTSE closed higher by 0.47 percent whereas CAC and DAX ended lower by 0.42 percent and 0.65 percent respectively.

Indian stock market indexes gained slightly higher on Friday. The key equity benchmark indices Sensex and Nifty gained 0.38 percent and 0.24 percent respectively. FIIs were the buyers and DIIs were sellers in the cash market segment. FIIs bought Rs 496.27 crore while DIIs sold Rs 115.66 crore on 7 January. 

 

Top news and updates ahead of trade set up on Monday, 10 Jan

According to the government estimates by NSO (National Statistical Office) on Friday, the Indian economy is likely to grow at 9.2 percent in FY22. 

On January 9, while addressing at Youth Pravasi Bharatiya Diwas Conference, the Ministry of External Affairs Secretary Sanjay Bhattacharya said that India will be an economy with a GDP of over $ 10 trillion as per World Bank estimates.

The country’s foreign exchange reserves declined by $1.466 billion to $633.614 billion during the week ended 31 December 2021.  India’s foreign exchange reserve in the previous week was $635.080 billion

 

10 Bullish Stock For Today:

 

1. UPL Ltd
2. TCS
3. Tata Motors
4. Reliance
5. Hindalco
6. SBI
7. ONGC
8. Maruti
9. HDFC Bank
10. ICICI Bank

 

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You may also like to read, Stock Market Prediction Next Week (10 Jan-14 Jan 2022)

                                            Nifty and Bank Nifty prediction for Monday, 10 Jan 2022   

 

Happy Investing!!

Editor’s Desk