Market opens today
Market opens today: Stock Market Today: Trends in SGX Nifty indicate a negative opening for the broader index in India
with a loss of 46 points
The market is expected to open in the red as trends in SGX Nifty indicate a negative opening for the broader index in India with a loss of 46 points.
The BSE Sensex jumped 1,041 points or 1.9 percent to close at 55,926, while the Nifty50 surged 309 points or 1.9 percent to 16,661, and formed a bullish candle on the daily charts.
Holidays for the calendar year 2022 – Equities
As per the pivot charts, the key support level for the Nifty is placed at 16,547, followed by 16,432. If the index moves up, the key resistance levels to watch out for are 16,736 and 16,810.
Stay tuned to Moneycontrol to find out what happens in the currency and equity markets today. We have collated a list of important headlines across news platforms that could impact Indian as well as international markets
Shares in Asia-Pacific were lower in Tuesday morning trade as investors watched for market reaction to the release of official Chinese factory activity data for May. Mainland Chinese stocks nudged lower as the Shanghai Composite sat below the flatline while the Shenzhen Component dipped 0.135 percent. Hong Kong’s Hang Seng index traded 0.15 percent lower.
Stock Market Today: Top 10 things to know before the market opens today
The Nikkei 225 in Japan dipped 0.27 percent, while the Topix index declined 0.29 percent. Over in South Korea, the Kospi shed 0.08 percent.
Trends in SGX Nifty indicate a negative opening for the broader index in India with a loss of 46 points. The Nifty futures were trading around 16,601 levels on the Singaporean exchange.
Oil prices rise after EU bans most Russian crude imports
Oil prices rose on Tuesday after the European Union agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a tighter market already strained for supply amid rising demand ahead of peak US and European summer driving season.
Share Market Timings in India
Brent crude futures for July, which expires on Tuesday, gained 33 cents to $122 a barrel at 0054 GMT. The more active August contract rose 33 cents to $117.93. US West Texas Intermediate (WTI) crude futures were trading at $117.31 a barrel, up to $2.24 from Friday’s close. There was no settlement on Monday due to a US public holiday.
LIC net profit drops 17% in Q4 to Rs 2,409 crore
State-run insurance giant Life Insurance Corporation of India (LIC) on May 30 reported a net profit of Rs 2,409 crore for the quarter ending March 2022, which was 17.41 percent lower compared to Rs 2,917.33 crore reported in the year-ago period.
The company’s net profit for the entire fiscal was reported as Rs 4,043.12 crore, which was 39.4 percent higher as compared to Rs 2,900.56 crore in FY21. The total revenue in Q4 FY22 came in at Rs 2,11,471 crore, which was 11.64 percent higher as compared to Rs 1,89,176 crore revenue reported in the corresponding quarter last year.
Stock Market and Bank Holidays
India’s Jan-March GDP growth is seen at a one-year low on weak consumption
Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India’s economy, as the central bank faces a finely balanced struggle to tame inflation via rate hikes without hurting economic growth, economists said.
Asia’s third-largest economy probably grew 4 percent in the January-March quarter from a year earlier, a Reuters poll showed last week. That would be the slowest pace in a year, following 5.4 percent growth in the previous quarter.
Japan’s April factory output slumps in a worrying sign for the economy
Japan’s factories posted a sharp fall in output in April as China’s COVID-19 lockdowns and wider supply disruptions took a heavy toll on manufacturers, clouding the outlook for the trade-reliant economy.
Market opens today: NSE Holidays List 2022
Factory output dropped 1.3 percent in April from the previous month, official data showed on Tuesday, to sharp falls in the production of items such as electronic parts and production machinery. It was the first fall in three months and much weaker than a 0.2 percent decline expected by economists in a Reuters poll.
IRCTC’s net profit doubles to Rs 216 crore in Q4, and revenue increases to Rs 690.9 crore
Indian Railway Catering and Tourism Corporation (IRCTC) on May 30 posted a profit of Rs 216 crore in the quarter ending March 2022, which was over twice as compared to Rs 106.6 crore reported in the year-ago period.
The revenue in Q4 FY22 also doubled to 690.9 crores, as compared to Rs 338.7 crore in the corresponding quarter last year.
Is the Stock Market Open Today?
Market opens today: The EBITDA was up 92 percent YoY at Rs 278.5 crore, as compared to Rs 145 crore in the same period of the past fiscal. The EBITDA margin, at 40.3 percent, was marginally lower compared to 42.8 percent in the year-ago period.
If inflation doesn’t go away, we need to raise rates a lot higher: Fed’s Waller
The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday.
“If inflation doesn’t go away, that… rate is going a lot higher, and soon,” Waller said following a speech given to the Institute for Monetary and Financial Stability in Frankfurt, Germany. “We are not going to sit there and wait six months…I am advocating 50 on the table every meeting until we see substantial reductions in inflation. Until we get that, I don’t see the point of stopping.”
Wedding bells may continue to bring cheer to auto companies
FII and DII data
Foreign institutional investors (FIIs) turned net buyers for the first time since April 28 this year, buying shares worth Rs 502.08 crore, while domestic institutional investors (DIIs) remained net buyers, to the tune of Rs 1,524.49 crore worth of shares on May 30, as per provisional data available on the NSE.
South Korea’s April factory output shrank by the most in nearly two years, though the service sector held firm, government data showed on Tuesday.
Industrial production in April decreased by a seasonally-adjusted 3.3 percent from a month earlier, shrinking for the first time in seven months and marking the biggest decline since May 2020. Meanwhile, service sector output rose 1.4 percent, extending gains to a second straight month
https://www.nseindia.com › resources › exchange-com
Market Timings · A) Pre-open session. Order entry & modification Open: 09:00 hrs · B) Regular trading session · C) Closing Session The Closing Session is held
2 days ago — Stock Market Today: Top 10 things to know before the market opens today · US Markets · Asian Markets · SGX Nifty · Oil climbs to $120 ahead of EU
https://www.indiainfoline.com › Share Market
The regular market trading hours are from 09:15 AM and close at 03:30 PM. There’s a pre-opening session before 09:15 AM and a post-closing session after
https://www.bseindia.com › static › marketinfo › listholi
Trading Holidays – Check out the list of stock market holidays. BSE would be closed on the … 2, Mahashivratri, March 01,2022, Tuesday, Closed, Open.
https://economictimes.indiatimes.com › markets
Share Market Today | Share Market Live updates: Get all the Latest Share Market News and New SUV launches, normal monsoon forecast augur well for M&M.
https://www.tradinghours.com › open
The NYSE and NASDAQ are open Monday-Friday 9:30 a.m. to 4:00 p.m. Eastern Time. There are 9 trading holidays when markets are closed plus several scheduled half
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NSE or National Stock Exchange is open on the weekdays from Monday to Friday and is closed on Saturday and Sunday, except any special trading sessions are
https://www.standard.com › individual › retirement › st
The NYSE is open from Monday through Friday 9:30 a.m. to 4:00 p.m. Eastern time. The NYSE may occasionally close early, either on a planned or unplanned
17 hours ago — Stock Market Today: Top 10 things to know before the market opens today · Asian Markets · SGX Nifty · Oil prices rise after EU bans most Russian
https://www.financialexpress.com featured stories
8 hours ago — If you want to know whether the stock market is open today, you can have a look at the list of holidays in the US stock exchanges.
https://www.kiplinger.com › Markets
Regular trading hours for the U.S. stock market, including the New York Stock Exchange (NYSE) and the Nasdaq Stock Market (Nasdaq), are 9:30 a.m. to 4 p.m
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Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2022
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Stock Market Timings India · Pre-opening Timing. This session lasts from 9.00 a.m. to 9.15 a.m. Orders to purchase or sell any securities can be placed during
https://www.nyse.com › markets › hours-calendars
All NYSE markets observe U.S. holidays as listed below for 2022, 2023, and 2024. … Orders can be entered and will be queued until the Opening Auction at
https://www.paytmmoney.com › stocks › customer › tra.
with random closure in last one minute. Pre-open order matching starts immediately after close of pre-open order entry. B) Regular trading session. Normal /
https://www.cnn.com › business › markets › premarkets
-32.00-0.10%. Level33,126.00; Fair Value33,184.85; Implied Open-58.85 Stock market investing trading The stock market Yield Today, Previous Yield
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Indian Stock Market Live: NSE/BSE updates today with Nifty & Sensex share price live charts. Check how various Sectors are performing in the Stock Market
https://www.businesstoday.in › markets
All applications in an IPO to be processed only after required funds to back the application is blocked in the bank; new norms for all IPOs that open on or