Trade set up for Monday, Feb 14, 2022- Morning Report
Trade set up for Monday, Feb 14, 2022- Things to know before market opens
Trade set up for Monday – Good morning and welcome to the morning reports, the top things to know before the market opens today February 14, 2022
Asian markets are trading in the deep red tracking the negative cues from the US markets on Friday. Nikkei and Hang Seng are trading lower by 2.51 percent and 1.34 percent respectively. Shanghai is trading down by 0.52 percent at this time at 7.30 am. SGX Nifty is trading lower by 216 points or 1.25 percent at 17137 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 fell sharply in the late trading session on Friday due to the fresh geopolitical tension between Russia and Ukraine. Investors sell off stocks and preferred to invest in a safer asset. Brent crude touched highest since 2014 and bond yields fell on Friday. The US market indexes, Dow Jones and S&P500 fell 1.43 percent and 1.90 percent respectively while Nasdaq was down by 2.78 percent on Friday.
European market indexes closed in the red on Friday following the global selloff due to record high US inflation and in fear of aggressive rate hikes by US Fed in the next months. In the end, the indices managed to trim their intraday losses and closed in the red. European indexes, FTSE closed slightly lower by 0.15 percent while CAC and DAX were down by 1.27 percent and 0.42 percent respectively on Friday.
Indian stock market updates
Indian stock market indexes made a gap-down opening on Friday and closed on a weak note. The key indexes, Sensex and Nifty were down by 1.31 percent each on Friday. FIIs turned buyers on Friday, they bought Rs 108.53 crore in the cash segment whereas DIIs sold Rs 696.90 crore on Friday.
Top news and updates you should know before the trade set up for Monday, February 14, 2022
The country’s Industrial growth fell to 10 months low of 0.4 percent in December as per the data released Friday after the market hours by the National Statistical Office (NSO). This is as compared to the growth registered of 1.3 percent in the previous month. The IIP data was dragged down by the manufacturing, capital goods, and consumer durables output.
The RBI data showed that the country’s foreign exchange reserve increased by $2.198 billion to $631.953 billion in the week ended February 4. The reserve was declined in the previous week ended on 28 January by $4.531 billion to $629.755 billion.
Today’s Q3 earnings
Coal India, Eicher Motors, Grasim Industries, SpiceJet, Adani Enterprises, Adani Wilmar, Rossari Biotech, AGS Transact Technologies, Apex Frozen Foods, Apollo Micro Systems, Balkrishna Industries, Bharat Dynamics, BGR Energy Systems, Dish TV India, and others
If you like the post “Trade set up for Monday, Feb 14, 2022- Morning Report” then please share it with others.
You may also like to read, Stock Market Prediction Next Week (14 Feb – 18 Feb 2022)
Nifty and Bank Nifty Prediction for Monday 14 Feb 2022
Happy Investing!!
Editor’s Desk
