Weekly trading diary: 11th to 15th December 2023

Tradingqna · December 10, 2023, 2:43pm

Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.

A quick look at how the markets performed in the week ended December 8;

Things to look forward to in the coming week:

Economic events

	12th December		13th December		14th December		15th December
India	CPI Inflation (November)	UK	Manufacturing Production	India	WPI Inflation (November)	Japan	Services PMI (November)
	Industrial Output		Industrial Production	UK	BoE Interest Rate Decision	China	Industrial Production
	Manufacturing Output	Eurozone	Industrial Production	Eurozone	ECB Interest Rate Decision		Unemployment Rate
UK	Unemployment Rate	US	Fed Interest Rate Decision	US	Retail Sales (November)	Eurozone	Manufacturing PMI (December)
US	CPI Inflation (November)		PPI Inflation (November)		Jobless Claims		Services PMI (December)
			Crude Oil Inventories			US	Industrial Production
							Manufacturing PMI (December)
							Services PMI (December)

Tradingqna · December 11, 2023, 1:53pm

Nifty and Sensex reached new highs and closed with marginal gains, driven by improved sentiments in the global market. Dow and Nasdaq futures are trading slightly lower.

Brent Crude: 75.38 -0.61%
USD INR Spot: 83.3872 0.02%.
India 10Y Bond yield: 7.284 0.25%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Dixon Technologies was the top gainer.

Dr Reddy’s Laboratories was the top loser.

News

The average investment value per SIP account hit a record Rs 1,25,155 in November, up from Rs 91,748 five years ago, as per AMFI. SIP-linked assets crossed Rs 9 lakh crore, now accounting for a record 19% of total mutual fund assets, double that of five years ago.

IREDA shares soared 20% to Rs 85 on the NSE, hitting the upper circuit, following the company’s announcement of its new retail division launch.

Relaxo Footwears Ltd is set to acquire a 30-acre land parcel in Bhiwadi, Rajasthan, for Rs 135 crore, to build future manufacturing facilities and cater to ongoing growth and market demands, as per their recent statement.

Apple, through its three Indian vendors, has assembled iPhones valued over Rs 60,000 crore in the first seven months of 2023-24, achieving 81% of the Rs 74,000 crore target under the PLI scheme, with 70% coming from exports.

Coca-Cola India ventures into the alcohol market with Lemon-Dou, a ready-to-drink mix of shochu and lime. Currently, it’s pilot testing in Goa and parts of Maharashtra, marking the company’s first foray into this segment.

Tradingqna · December 12, 2023, 1:19pm

Benchmark indices finished lower, down nearly half a percent, ahead of the release of key inflation data. US futures are trading higher.

Brent Crude: 75.66 -0.49%
USD INR Spot: 83.38 -0.01%.
India 10Y Bond yield: 7.276 -0.22%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

HDFC Life Insurance was the top gainer.

PI Industries was the top loser.

News

Reliance Industries and Walt Disney Company are close to merging their Indian media and entertainment operations, with Reliance’s Viacom18 forming a subsidiary to incorporate Star India via a stock swap. Reliance seeks a majority stake of at least 51%.

BNP Paribas has sold Sharekhan, its local retail broking arm, to South Korea’s Mirae Asset Financial Group for Rs 3,000 crore, marking a gain from its 2016 acquisition for Rs 2,100 crore. Sharekhan is India’s eleventh-largest broking firm.

Adani Green Energy aims to raise $410 million via new bonds to refinance a maturing dollar note, part of a plan to manage its debt obligations.

Infosys’ CFO Nilanjan Roy is set to step down, effective March 31, 2024, with Jayesh Sanghrajka taking over as the new CFO from April 1.

Tradingqna · December 13, 2023, 1:26pm

Benchmark indices retraced from the day’s low to settle flat ahead of the US Federal Reserve’s monetary policy announcement. Dow and Nasdaq futures are trading higher.

Brent Crude: 73.47 0.31%
USD INR Spot: 83.395 0.02%.
India 10Y Bond yield: 7.26 -0.21%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

REC was the top gainer.

Balrampur Chini Mills was the top loser.

News

India’s factory growth hit a 16-month high of 11.7% in October, driven by mining, manufacturing, and electricity, while double-digit growth in capital goods and consumer durables indicated positive sentiment. Consumer inflation rose to 5.5% in November due to higher food prices.

Foxconn, a major Apple supplier, is set to invest an additional Rs 13,911 crore ($1.67 billion) in Karnataka, in addition to the approved Rs 8,000 crore investment, according to the state government.

India’s e-commerce market is set to exceed $160 billion by 2028, up from an estimated $57-60 billion in 2023, with consistent annual growth of $8-12 billion since 2020, according to Bain and Company’s “How India Shops Online 2023” report.

SpiceJet receives a Rs 2,254 crore investment from 64 investors, including Elara India Opportunities Fund, Aries Opportunities Fund, Prabhudas Lilladher, Nexus Global, and businessmen Harihara Mahapatra and Arjun Juneja. Shares will be issued at a discount.

Tradingqna · December 15, 2023, 1:39pm

Nifty and Sensex hit record highs, climbing over 1.3% after the U.S. Federal Reserve hinted at three rate cuts in 2024, uplifting global equities. US futures are trading higher.

Brent Crude: 77.03 0.55%
USD INR Spot: 83.1802 -0.20%.
India 10Y Bond yield: 7.164 -0.42%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

National Aluminium Company was the top gainer.

Max Financial Services was the top loser.

News

India’s foreign exchange reserves saw a significant increase of $2.816 billion, reaching $606.859 billion in the week ending December 8, according to the Reserve Bank of India (RBI), which reported this on December 15.

Biocon is exploring the sale of its generic active pharmaceutical ingredient (API) business, worth $1.5 billion, to reduce debt. The generic API segment, previously a major contributor to Biocon’s revenue, has seen diminishing financial impact in recent years.

India’s logistics costs stood at 7.8-8.9% of GDP in 2021-22, as per the National Council of Applied Economic Research, lower than the earlier estimates of over 10%. The World Bank has endorsed this methodology.

The Indian Railways is set to invest Rs 1 lakh crore in new trains over the coming years, addressing increased passenger demand, according to Railways Minister Ashwini Vaishnaw. Already, 70% of the Rs 2.4 lakh crore 2023-24 capital budget has been utilized.