Trade set up for Tuesday, top news before market opens
Trade set up for Tuesday, top things to know before market opens
Trade set up for Tuesday- Good morning and welcome to the morning reports, the top things to know before the market opens today February 22, 2022
Asian markets are trading in the deep red on Tuesday amid negative global cues. The war-like situation near the Ukraine border has mounted tension and created selling pressure in the global stock markets on Tuesday morning. Nikkei and Hang Seng are trading lower by 1.95 percent and 2.28 percent respectively while Shanghai is trading lower by 1.34 percent at 7.40 am IST.
SGX Nifty is trading lower by 204 points or 1.19 percent and at 17002 levels. The global market sentiments are negative today, Indian stock markets are likely to open gap-down today.
The US and European market Indexes update
The US stock market was closed on Monday on account of President’s day. Dow Jones and Nasdaq futures are trading in red at this time.
European markets erased all early gains and closed in the deep red as Russia said there is no concrete arrangement for the summit with the US to defuse the Ukraine crisis. European market indexes, FTSE closed lower by 0.39 while CAC and DAX declined by 2.04 percent and 2.07 percent respectively on Monday.
Indian stock market updates
Indian stock market indexes closed lower on Monday amid weak global cues. The Nifty and Sensex closed lower for the fourth consecutive day. Nifty was declined by 0.40 percent while Sensex fell 0.26 percent on Monday. FIIs were the seller while DIIs were the buyers in the cash segment. FIIs sold Rs 2261.9 crore while DIIs bought Rs 2392.85 crore in the cash segment on Monday.
Top news and updates you should know before the trade set up for Tuesday, February 22, 2022
The Japanese financial services company said the Nomura India Business Resumption Index (NIBRI) rose to a new high of 122.8 for the week ended 20 February from 119.5 reported in the prior week. The Japanese financial service company Nomura said that it expects GDP growth of 8.7 percent in FY22 and 7.8 percent in FY23.
The Employees’ Provident Fund Organisation (EPFO) added 2.06 lakh net payroll additions in December 2021, up by 16.4 percent as compared to the same period in the previous year. On a month-on-month basis, the net subscriber addition to EPFO increased by 19.98 percent, as compared to November 2021.
The crude oil prices jumped to a seven-year high on Tuesday, gold rallied and US futures trading in the deep red after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine. As per the report, the Ukraine president says urgently preparing an address on Tuesday morning.
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