Weekly Trading Diary: 10th to 14th October 2022

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;


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


IPO of Traxcn Technologies will open for subscription on 10th October and close on 12th October. Details :point_down:

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)
Industrial Production (AUG) US Retail Sales (SEP)
Eurozone Industrial Production (AUG)
US FOMC Meeting Minutes

What are you looking forward to in the week? Share below and join the discussion :point_down:

1 Like

Nifty and Sensex recovered from early morning lows to close the session lower by around 0.4%. US futures indicate a muted start for US stocks.

:oil_drum:Brent Crude: 97.01 -1.35%
:heavy_dollar_sign:USD INR Spot: 82.366 -0.55%
:scroll:India 10Y Bond yield: 7.479 0.25%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Axis Bank was the top gainer.

:chart_with_downwards_trend: Indiabulls Housing Finance was the top loser.

:page_with_curl: Earnings Update:

TCS: Net Profit: Rs.10431 cr :arrow_up: 8.4% YoY; Revenue: Rs 55309 cr :arrow_up: 18% YoY.

:newspaper: In the news

India’s monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed. Total monthly fuel demand in September fell 3.6% from August, although it was up 8.1% when compared with September 2021.

Paytm shares surged 3% as the value of loans disbursed by the payments platform in the run-up to the festive season grew 482% year-on-year (YoY) to Rs 7,313 crore ($894 million) in the second quarter ended September 2022 (Q2 FY23).

The Finance Ministry stated that between April 1 to October 8, 2022, India’s direct tax collection surged by 24% to Rs 8.98 lakh cr. The gross collection of taxes on corporate earnings rose by 16.74%, while personal income tax collection grew by 32.30%, as per PTI.

Overall retail sales grew by 57% in Navratri 2022 compared to Navratri 2021. The sales of two-wheelers (2W), three-wheelers (3W), commercial vehicles (CV), passenger vehicles (PV), and tractors all rose by 52%, 115%, 48%, 70%, and 58%, respectively. : Report by FADA

Wheat futures rose over 4% as the Ukrainian capital suffered its first strike in months, raising fears that the escalating war poses a new threat to Black Sea grain exports. Explosions rocked Kyiv, two days after an attack on a critical bridge linking Russia to Crimea.

FII short at 1.1 lac contracts… almost nearing record short levels and are 82% short with 18% long exposure in our markets

retailers are long

Who will win this time?

BHARAT will win

Nifty and Sensex extended losses for the third trading session, following negative cues in global markets. US futures are trading lower, indicating a weak start for US markets.

:oil_drum:Brent Crude: 94.47 -1.58%
:heavy_dollar_sign:USD INR Spot: 82.3125 -0.01%
:scroll:India 10Y Bond yield: 7.429 -0.63%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Bata India was the top gainer.

:chart_with_downwards_trend: India Cements was the top loser.

:newspaper: In the news

JSW Cement is planning to invest over Rs. 3,200 crores to establish an integrated greenfield cement manufacturing facility in Madhya Pradesh and a split grinding unit in Uttar Pradesh. The combined cement capacity of these units will be 5 million tonnes per annum.

Jio-bp and Mahindra expand EV partnership as Jio-bp will set up a charging network for Mahindra’s upcoming electronic SUVs.

India’s pharmaceutical sales rose for the fourth straight month in September. Revenue for the pharma industry grew 13% in September 2022 compared to a year earlier. That compares to a 12.6% YOY rise in September 2021 and a 12.1% rise in August 2022: India Ratings and Research.

The Bank of England said that it will further expand its emergency bond-buying plan, as it warns an ongoing rout in the gilts market poses a “material risk to UK financial stability”.

Benchmark indices snapped their losing streak and gained over 0.8% amid mixed global cues and worries of a recession. US markets look set for a good opening.

:oil_drum:Brent Crude: 94.63 0.93%
:heavy_dollar_sign:USD INR Spot: 82.296 0.05%
:scroll:India 10Y Bond yield: 7.435 0.12%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: IDFC was the top gainer.

:chart_with_downwards_trend: Laurus Labs was the top loser.

:page_with_curl: Earnings Update:

HCL Tech: Net Profit: Rs.3489 cr :arrow_up: 7.1 % YoY; Revenue: Rs 24686 cr :arrow_up:19.5% YoY.

Wipro: Net Profit: Rs.2660 cr :arrow_down: 9.3% YoY; Revenue: Rs. 22540 cr :arrow_up:14.6% YoY.

:newspaper: In the news

The government will extend a one-time grant of Rs 22,000 crore to IOC, BPCL, and HPCL to cover the losses they incurred on selling domestic cooking gas LPG below cost in the last two years, according to I&B Minister Anurag Thakur.

The government on Wednesday permitted the export of a specified quantity of raw sugar to the US under the Tariff-Rate Quota (TRQ) and extended it till December 31st from September 30th.

OPEC forecasts oil demand to grow by 2.64 million barrels per day in 2022, down from 3.1 million barrels per day in its September report. Growth in 2023 is currently projected to be 2.34 mb/d, down from 2.7 mb/d last month.

According to official data, the UK economy unexpectedly shrank by 0.3% in August, after a month of sluggish growth, due to the cost-of-living crisis and skyrocketing energy bills.

The Bank of England said that it will bring an end to its emergency gilt buying scheme this Friday which triggered a sell-off in UK government bonds.

CPI inflation in September rose to 7.4% from 7% on the back of rising food prices. CPI inflation excluding food and core inflation also seems to showing an uptick.

Rising crude prices and dollar prices aren’t helping.

Will be interesting to see the bond market action tomorrow. Yields are yet to peak?

Latest Yields

7.26% 2032: 7.42%
7.38% 2027: 7.39%
5.74% 2026: 7.36%
6.69% 2024: 7.175%
4.56% 2023: 6.76%

91 day; 6.31%
182 : 6.76%
364: 7.01%

What are your views on inflation, the economy, and bond yields going forward?

Inflation goes up, so interest rates go up. Debt returns go up, equity may give less.

Debt investors :smiling_face_with_three_hearts:

Equity investors :angry:

Benchmark indexes closed lower, falling over 0.6%, following a mixed trend in global markets. US futures are trading lower.

:oil_drum:Brent Crude: 91.71 -0.80%
:heavy_dollar_sign:USD INR Spot: 82.669 -0.62%
:scroll:India 10Y Bond yield: 7.422 -0.17%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: HCLTech was the top gainer.

:chart_with_downwards_trend: Wipro was the top loser.

:page_with_curl: Earnings Update:

Infosys: Net Profit: Rs. 6021 cr :arrow_up: 11% YoY; Revenue: Rs. 36,538 cr :arrow_up: 23.4% YoY.

Mindtree: Net Profit: Rs. 509 cr :arrow_up: 27.5% YoY; Revenue: Rs 3,404 cr :arrow_up: 31.5% YoY.

:newspaper: In the news

The Infosys board of directors agreed to an Rs. 9,300 crore share buyback plan at Rs. 1,850 per share. The price of the buyback is 30% more than the stock’s closing price of Rs 1,419.75. The company also declared an interim dividend of Rs 16.5 per share.

13 states, which make up 85% of India’s GDP, will have fiscal space for capital spending of Rs 7.4 trillion in FY23, a rise of 81% over CAPEX of Rs 4.1 trillion in FY22, according to rating agency ICRA.

Start-up investment in India fell to a two-year low of $2.7 billion across 205 deals in the 3rd quarter of this year from $6.6 billion in the second quarter (Q2CY22) : PwC India report

The number of passenger vehicles sold at wholesale in India surged 92% to around 3,07,389 units in September compared to 1,60,212 units in September 2021, the rise mostly due to the festival season: SIAM data

According to the Centre for Monitoring Indian Economy, the consumer sentiment index touched a 30-month high at 7.1% in September, a month filled with festival celebrations across the country.

Benchmark indices opened gap up and closed up by over 1% following a sharp bounce in global markets. US futures too are trading higher.

:oil_drum:Brent Crude: 92.82 -1.85%
:heavy_dollar_sign:USD INR Spot: 82.362 -0.23%
:scroll:India 10Y Bond yield: 7.470 +0.65%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: GNFC was the top gainer.

:chart_with_downwards_trend: Indiabulls Housing Finance was the top loser.

:page_with_curl: Earnings Update:

Bajaj Auto: Net Profit: Rs. 1530 cr :arrow_up: 20% YoY; Revenue: Rs. 10,202.8 cr :arrow_up: 16.4% YoY.

Federal Bank: Net Profit: Rs. 703.71 cr :arrow_up: 52.89% YoY; Net Interest Income: Rs 1,761.83 cr :arrow_up: 19% YoY.

Cyient Limited: Net Profit: Rs. 110.3 cr :arrow_down: 9.2% YoY; Revenue: Rs 3,404 cr :arrow_up: 31.5% YoY.

Shree Cement: Net Profit: Rs. 183.24 cr :arrow_down: 67.5% YoY; Revenue: Rs. 5,081.75 cr :arrow_up: 17% YoY.

:newspaper: In the news

India’s monthly exports of mobile phones hit $1 billion for the first time. Mobile exports more than doubled to $4.2 billion in the six months to September from $1. 7 billion the previous year. During the months of June to August, exports averaged over $700 million.

Singapore International Airlines is in discussions with Tata Sons over merging full-service airlines Vistara and Air India, Vistara is 51% held by the Tata Group, with the rest owned by Singapore Airlines.

E-way bills hit a record high of 84 million in September, indicating an increase in economic activity. The rise also indicates that GST collections would rise more in October. Since it last hit its high in March, a record amount of GST was collected.

Bharat Petroleum Corporation Ltd. plans to turn its 7,000 regular retail outlets into energy stations that provide a variety of fueling options, including electric vehicle charging, in the medium to long term.

Eurozone trade deficit widened to a record €50.9 billion in August.

The Japanese Yen fell to its lowest levels against the US Dollar. At 147.70 Yen per Dollar, it is trading at its lowest level since 1990.