Hello and welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
A brief look at how the markets performed in the week ended 7th October;
Equity markets bounced back in the week after posting losses for three consecutive weeks. Nifty and Sensex surged around 1.3% each. While the MidCap index was up 2.41% and SmallCap 2.59% for the week.
On the sectoral front, except for the Nifty FMCG and Consumption indexes, all other sectoral indices finished the week in the green. Nifty Media, Realty, Metal and IT were the top performers surging between 2.8% to 4.75%.
A look at global market performance;
US markets managed to end the week in the green despite tanking between 2.1% to 3.8% on Friday. Apart from the Shanghai Composite Index which was closed for the week on account of Chinese National Day, all major indices managed to close the week with gains.
Things to watch out for in the coming week;
Earnings
The second quarter earnings season kicks off on Monday with TCS reporting its earnings. Other notable names to report earnings on the week include; HLC Technologies and Wipro on 12th October, Infosys on 13th October, while Bajaj Auto, Federal Bank reporting their earnings on Friday, 14th October with HDFC Bank, ICICI Prudential and L&T Infotech rounding off the week on Saturday, 15th October.
10th October | 11th October | 12th October | 13th October | 14th October | 15th October |
---|---|---|---|---|---|
Tata Consultancy Services | Delta Corp | HCL Technologies | Infosys | Bajaj Auto | HDFC Bank |
Wipro | Cyient | Federal Bank | Larsen & Toubro Infotech | ||
Shree Cements | ICICI Prudential Life Insurance Company | ||||
Tata Elxsi | Avenue Supermarts |
IPOs
IPO of Traxcn Technologies will open for subscription on 10th October and close on 12th October. Details
Period | Price Range | Bid Lot | Issue Size | |
---|---|---|---|---|
Tracxn Technologies Limited | 10th to 12th October | Rs. 75 - 80 | 185 and in multiples thereof | Rs. 310 crores |
Key economic events
10th October | 11th October | 12th October | 13th October | 14th October | ||||
---|---|---|---|---|---|---|---|---|
India | CPI Inflation (SEP) | US | CPI Inflation (SEP) | India | WPI Inflation (SEP) | |||
Industrial Output | Jobless Claims | RBI MPC Meeting Minutes | ||||||
Manufacturing Output | Crude Oil Inventories | China | CPI Inflation (SEP) | |||||
UK | GDP Growth | PPI (SEP) | ||||||
Industrial Production (AUG) | US | Retail Sales (SEP) | ||||||
Eurozone | Industrial Production (AUG) | |||||||
US | FOMC Meeting Minutes | |||||||
PPI (SEP) |