Trade set up for Tuesday, February 8, 2022
Trade set up for Tuesday, February 8, 2022- Stock Market Morning Report
Trade set up for Tuesday – Good morning and welcome to the morning reports, the top things to know before the market opens today February 8, 2022
Asian markets are mostly trading in the green on Tuesday tracking mixed cues from the global markets. Nikkei is trading higher by 0.38 percent whereas Hang Seng and Shanghai are trading lower by 0.90 percent and 0.13 percent respectively. SGX Nifty is trading higher by 12 points or 0.07 percent at 17726 levels at this moment at 7.50 am IST. The indication getting from the other Asian markets is positive, Indian stock markets are likely to start on a flat note today.
The US and European market Indexes update
It was a choppy trading session for the US markets on Monday as traders awaited more corporate earnings scheduled for later this week. The US key indexes mostly closed lower on the first day of the week. Dow Jones closed almost flat to the positive whereas S&P 500 and Nasdaq were down by 0.37 percent and 0.58 percent respectively.
European markets were closed in the green on Monday, shrugging off the rate hike worries as indicated by the ECB. The new deal-making and M&A prospects lifting share in London and New York. European market indexes FTSE gained 0.76 percent while CAC and DAX were up by 0.83 and 0.71 percent respectively on Monday.
Indian stock market updates
Indian stock markets fell sharply on Monday amid mixed cues from global markets. The key benchmark, Sensex and Nifty closed lower by 1.75 percent and 1.73 percent respectively. FIIs and DIIs both were sellers in the cash markets. FIIs sold Rs 1157.23 crore while DIIs sold Rs 1379.36 crore on Monday.
Top news and updates you should know before the trade set up for Tuesday, February 8, 2022
According to the first advance estimates of GDP released by the National Statistical Office (NSO), the size of GDP has been increased from Rs 105.3 lakh crore in 2014-15 to 135.6 lakh crore in 2020-21. The GDP is now projected to grow at 9.2 % to Rs 147.5 lakh crore in 2021-22, said Minister of State (MoS) for Finance Pankaj Chaudhary.
The government in the Budget, last year announced its intent to privatize two public sector banks (PSBs) during the year. On Monday, the Minister of State (MoS) for Finance Bhagwat Karad informed parliament that the government has not yet decided on the two public sectors banks that are to be privatized.
Today’s Q3 earnings
Bharti Airtel, IRCTC, Bata India, Jindal Steel & Power, Bajaj Electricals, Ajmera Realty & Infra India, Aster DM Healthcare, AstraZeneca Pharma, Borosil Renewables, Data Patterns (India), Endurance Technologies, Escorts, Glenmark Life Sciences, Godrej Consumer Products, Granules India, Gujarat Gas, HeidelbergCement India, Indraprastha Gas, Jammu & Kashmir Bank
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