Trade setup for Wednesday 20 April 2022- Market News
Trade setup for Wednesday– Good morning and welcome to the morning reports, the top things to know before the stock market opens today April 20, 2022
Asian markets are trading mostly in the green on Wednesday tracking positive cues from the US markets overnight. Nikkei and Hang Seng are trading higher by 0.59 percent and 0.33 percent respectively while Shanghai is trading lower by 0.69 percent at 7.20 am IST. The SGX Nifty is trading higher by 69 points or 0.40 percent at 16999 levels. The Asian cues are positive today, the Indian stock markets are likely to open in the green today.
The US and European market Indexes update
The US market indexes registered solid gains and government bond yield rose on Tuesday as investors analyzed the latest round of corporate earnings reports for the sign that profits are holding up despite rising inflation. Analysts are expecting that the profit from the big US corporates will keep growing this year even after higher commodity prices. The US market indexes, Dow Jones and S&P 500 gained 1.51 percent and 1.61 percent respectively while Nasdaq was up 2.15 percent on Tuesday.
European market indexes were closed in the red on Tuesday as investors worried about Russia’s latest assault on Ukraine and IMF downgraded its outlook for the global economy. European market indexes, FTSE and DAX were down by 0.20 percent and 0.07 percent respectively while CAC fell 0.83 percent on Tuesday.
Indian stock market updates
Indian market fell sharply in the last hour on Tuesday as Russian troops intensified their attack on Ukraine. The benchmark indices erased their early gains and closed in the red. Sensex and Nifty closed below their psychological levels on Tuesday.
Sensex was down by 1.23 percent while Nifty fell 1.25 percent. FIIs were the sellers and DIIs were the buyers in the cash segment. FIIs sold Rs 5871.69 crore while DIIs bought Rs 3980.81 crore on Tuesday.
Securities Delivery Report
| Delivery Report Eod 19-04-2022 | ||
| Rank | Top 5 Scrips ( Rise in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | HINDCOPPER | AUBANK |
| 2 | TRENT | HINDCOPPER |
| 3 | COALINDIA | COALINDIA |
| 4 | PAGEIND | ICICBANK |
| 5 | CHOLAFIN | APOLLOHOSP |
| Rank | Top 5 Scrips ( Fall in Price) | |
| Increase in DEL QTY | DEL Above 10DMA | |
| 1 | LUPIN | MINDTREE |
| 2 | MCX | MCX |
| 3 | RBLBANK | BATAINDI |
| 4 | HONAUT | CHAMBLFERT |
| 5 | BOSCHLTD | HDFC |
Top News before the trade setup for Wednesday, April 20, 2022
On Tuesday, International Monetary Fund (IMF) sharply downgraded its 2022 global forecast to 3.6 percent down from the 4.4 percent it had forecast in January. This is due to the impact of the ongoing war in Ukraine that is spreading worldwide.
The IMF has trimmed its growth forecast for India for FY23 by 80 bps to 8.2 percent. It has also warned that Russia’s invasion of Ukraine would hurt consumption and hence growth, by way of higher prices.
On Tuesday, the government said 8.25 lakh jobs were created from 1.03 lakh new manufacturing and service units that were set up under the flagship scheme Prime Minister Employment Generation Programme (PMEGP) in the last financial year. In comparison to the previous year, the number of units and employment created under PMEGP has gone up by 39 percent each.
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