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Daily Report 19-May-22

Indian market ended flat in a volatile session. Indices opened higher on back of Tuesday’s day massive short covering rally.

Wall Street had a massive fall since March 2020, indices were down from 3.57% to 4.73%.

SGX Nifty @ 15907.50 down 328 points at 8:05 AM.

Indian market ended flat in a volatile session.  Indices opened higher on back of Tuesday’s day massive short covering rally. 

RBI MPC meeting on 2 – 4 May 2022 minutes were released after market hours.  War related inflation have started impacting policy of central banks globally.  

Wall Street had a massive fall since March 2020, indices were down from 3.57% to 4.73%.  US retailer TARGET Corp’s disappointing result yesterday & Walmart result a day earlier had lower growth forecast on rising fuel prices.

SGX Nifty @ 15907.50 down 328 points at 8:05 AM.

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