Trade Setup for Tuesday 21 June 2022: Stock market news
Trade setup for Tuesday– Good morning and welcome to the morning reports, the top things to know before the stock market opens today June 21, 2022
Asian markets are trading higher on Tuesday. Nikkei and Hang Seng are trading higher by 1.37 percent and 0.27 percent respectively while Shanghai is trading marginally higher by 0.07 percent at this time at 7.10 am IST. The SGX Nifty is trading higher by 30 points or 0.20 percent at 15392 levels. The indication getting from the other Asian markets is positive, Indian stocks are likely to open in the green today. Nifty may open around 15400 levels.
The US and European market Indexes update
The US stock markets were closed on Monday to observe Juneteenth first time in history. The bond markets were also closed on Monday due to a holiday.
European stock market indexes closed higher on Monday after last week’s sharp selloff. The markets gained due to the buying witnessed on banking, travel, and energy stocks while volume was thin as US markets were closed on Monday.
However, the upside in CAC was limited as President Emmanuel Macron lost an absolute majority in the country’s parliamentary election. The European market indexes FTSE and DAX were gained 1.50 percent and 1.06 percent respectively while CAC was up by 0.64 percent on Monday.
Indian stock market updates
Indian stock markets made a decent gain on Monday and snapped 6-day losing streak. The benchmark indices, Sensex and Nifty gained 0.46 percent and 0.37 percent respectively while Nifty midcap and smallcap indexes closed sharply lower on Monday. FIIs were the net seller, they sold Rs 1217.12 crore while DIIs bought Rs 2093.39 crore in the equity cash market segment on Monday.
Securities Delivery Report
| Delivery Report Eod 20-06-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | CROMPTON | ASHOKLEY |
| 2 | ASHOKLEY | HONAUT |
| 3 | METROPOLIS | CROMPTON |
| 4 | RAMCOCEM | JUBLFOOD |
| 5 | HDFCBANK | ITC |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | HINDCOPPER | HINDCOPPER |
| 2 | PVR | VEDL |
| 3 | RAIN | COALINDIA |
| 4 | VEDL | INDIGO |
| 5 | TATAPOWER | TATAPOWER |
Top news you should read before the trade setup for Tuesday 21 June 2022
According to a Nomura report the country’s food inflation is likely to touch 9 percent on the back of high feedstock prices. The report further said that food inflation surged in the second half of the year in Asia with major food importers like Singapore bearing the brunt of higher prices of staples. China’s hard Covid measures along with swine fever in Thailand and an excessive heat wave in India are some of the reasons that could hike the food prices further.
The retail inflation for farm and rural laborers increased to 6.67 and 7 percent respectively in May. This is due to higher prices of certain food items
On Monday, the crude oil prices gained more than one percent. Today’s early morning the Brent crude oil price August Futures is trading above $115 per barrel, one percent higher.
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Happy Investing!!
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