Trade Setup for Tuesday 27 Sept: Stock Market News

 

Trade setup for Tuesday 27 Sept– 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 in the green on Tuesday, as US futures are trading higher. Hang Seng is trading negative, down by 0.20 percent at present at 7.10 am, while Nikkei and Shanghai are trading higher by 0.73 percent and 0.27 percent respectively. SGX Nifty is trading in the green, up by 28 points or 0.17 percent at 17049 levels.

The indication getting from the Asian markets is positive today, Indian stock markets are likely to open in the green today. Nifty may open slightly higher today with a cautious note.

 

The US and European market indexes update

 

The US stock market indexes extended their losses for the fifth straight session on Monday. Dow Jones slid into a bear market, as investors were concerned about the central bank’s aggressive rate hikes to control inflation could push the global economy into a recession.

The key US market indexes, Dow Jones and S&P 500 fell 1.11 percent and 1.03 percent respectively while the Nasdaq was down by 0.60 percent on Monday.

European stock market indexes closed on a mixed note on Monday after a volatile session, as markets continued to hammer Britain’s pound in response to the UK government’s mini-budget last week. Italian share gained on Monday after a right-wing coalition clinched victory at the elections held at the weekend.

The pan-European Stoxx 600 slipped 0.42% on Monday. European key stock market indexes CAC and DAX were closed in the red, down by 0.24 percent and 0.46 percent respectively. FTSE managed to closed in the green and was up by 0.03 percent at the close on Monday.

 

Indian stock market updates

 

Indian stock market fell sharply on the first day of the week. The market sentiments were negative due to weak global cues and FII outflow. The benchmark indices, Sensex and Nifty fell 1.64 percent and 1.79 percent respectively. The market breadth was once again negative with the Advance-Decline ratio indicating 1:4 at the close. FIIs were the net seller in the Indian equity markets, they sold Rs 5101.30 while DIIs purchased 3532.18 crores in the equity cash segment.

 

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

 

The Indian commerce ministry will extend the existing foreign trade policy (FTP) 2015-20 by another 6 months till March 2023. The current trade policy was to end on 30th September.

On Monday, Chief Economic Advisor (CEA) V. Anatha Nageswaran said that the Indian economy was on the path of recovery but cautioned that foreign investors may remain cautious because of geopolitical challenges. He further said, while speaking at a virtual seminar organized by Swadeshi Research Institute that all sectors like agriculture, manufacturing, and construction are doing well 

“The Indian economy is showing resilience and is on the path to recovery, private demand and the services sectors are doing better than expected,” he said.

 

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You may also like to read, Nifty and Bank Nifty Prediction for Tomorrow 27 Sept 2022

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Happy Investing!!

Editor’s Desk