Trade Setup for Tuesday 27 Dec: Stock Market News

 

Trade setup for Tuesday 27 Dec– Good morning and welcome to the morning reports, the top things to know before the stock market opens today

Asian stock market indexes are trading higher on Tuesday amid positive sentiments from China’s rollback of the Covid-19 isolation measure. The US futures are trading higher at this moment. The Asian key indexes, Nikkei and Shanghai are trading higher by 1.08 percent and 0.33 percent respectively. Hang Seng is closed today on account of the Christmas holiday.

SGX Nifty is also trading higher by 41 points or 0.23 percent at 18070 levels. The indication getting from the Asian markets is positive today. Indian stock market indexes will open higher today, and the market sentiments will continue to remain positive today.

 

European and the US market indexes update

 

European and the US stock markets closed on Monday on account of Christmas. The US retail sales data released on Monday rose 7.6% between Nov 1 and Dec 24 due to heavy discounts and deals during the holiday season, as per Mastercard report. Mastercard earlier forecasted 7.1% during this period and it was 8.5% in the last year.

 

Indian stock market updates

 

Indian stock markets closed higher on Monday after four days of sell-off. The market sentiments were positive tracking gains from Asian peers. The equity benchmarks gained more than 1 percent on the back of buying in PSU banks, media, and metals stocks. 

The market breadth was very strong with the advance decline indicating a ratio of 8:1 at the close. FIIs were the net sellers in the equity cash segments, they offloaded Rs 497.65 crore with of shares while DIIs bought Rs 1285.74 crore on Monday.

 

News you should read before the trade setup for today 27 Dec 

 

On Monday, the Centre for Economics and Business Research (CEBR) said that the country’s economic growth will see a rise from fifth place on the World Economic League Table in 2022 to third in the global rankings by 2037. It further said that over the next five years, the annual rate of GDP growth of India is expected to average 6.4 percent, after which growth is expected to average 6.5 percent in the subsequent nine years. 

On Monday, Taiwan’s Defence Ministry claimed that China is staging one of its largest incursions in the seas and skies around the island country. Around 71 Chinese air force planes, including fighter jets and drones, had entered Taiwan’s air defence identification zone the report said. Taiwan is self-governed but China regards it as a breakaway province that will eventually be reunited, read the full report on economic times here

 

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