Weekly Trading Diary: 13th to 17th February 2023

Tradingqna · February 12, 2023, 1:08pm

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

Here’s how the markets fared in the week ended 10th February;

Benchmark indices closed the week little changed with Nifty ending almost flat while Sensex closing down by around 0.25%.

On the sectoral front, Realty, Media and Pharma were the top performers while Metal, Energy, FMCG and Auto indices were top draggers,

Things to watch out for in the coming week;

Key earnings to watch out for during the week;

13th February			16th February	17th February
Castrol India Limited	14th February	15th February	Nestle India	CRISIL Limited
G R Infraprojects Limited	Adani Enterprises Limited			Raymond Limited
Godrej Industries Limited	Apollo Hospitals
IRFC	Bata India Limited
Krsnaa Diagnostics Limited	Bharat Forge Limited
Nykaa	Biocon Limited
Vijaya Diagnostic Centre Limited	Bosch Limited
ZEEL	Eicher Motors Limited
SAIL	Grasim Industries
PFC	Indiabulls Housing Finance Limited
	IPCA Laboratories Limited
	NMDC Limited
	Oil & Natural Gas Corporation Limited
	Shriram Properties Limited
	Siemens Limited

Key macroeconomic events to watch out for during the week;

	13th February		14th February		15th February		16th February		17th February
India	CPI Inflation (JAN)	India	WPI Inflation (JAN)	UK	CPI Inflation (JAN)	US	PPI (JAN)	UK	Retail Sales (JAN)
		Japan	GDP Growth (Q4CY22)	US	Retail Sales (JAN)		Jobless Claims
			Industrial Production (DEC)		Industrial Production (JAN)		Building Permits
		Eurozone	GDP Growth (Q4CY22)		Crude Oil Inventories
		US	CPI Inflation (JAN)

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

Tradingqna · February 13, 2023, 1:46pm

Benchmark indices started the week lower, closing nearly 0.50%. US futures point to a muted start for US markets.

Brent Crude: 86.08 -0.40%
USD INR Spot: 82.7175 0.27%
India 10Y Bond yield: 7.369 0.08%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Glenmark Pharma was the top gainer.

City Union Bank was the top loser.

Earnings Update:

Nykaa: Net Profit: Rs. 8.1 cr 71% YoY; Revenue: Rs. 1,462.8 cr 33.2% YoY.

Linde India: Net Profit: Rs. 110 cr 62.2% YoY; Revenue: Rs. 697 cr 8.2% YoY.

IRFC: Net Profit: Rs. 1,633 cr 2.5% YoY; Revenue: Rs. 6,218 cr 22% YoY.

PFC: Net Profit: Rs. 3,860 cr 7.8% YoY; NII: Rs. 7,218.6 cr 7.1% YoY.

News

Domestic passenger vehicle sales increased by 17.23% year on year in January, reaching 298,093 units, with the utility vehicle segment within the PV space seeing the biggest rise due to improved consumer sentiment: SIAM

Renault and Nissan Motor announced a $600 million collaborative project in India to extend their automobile lineup, create jobs, and decarbonize a manufacturing unit in Chennai.

Vodafone Idea has started talks with lenders such as SBI, PNB, and HDFC Bank to refinance loans worth Rs 3,000-4,000 crore. Refinancing debt will help free up cash since the telecom must pay hefty vendor dues to tower firms and network equipment manufacturers.

Boeing is boosting its investment in India to support airlines and streamline logistics as it prepares for a large plane order from Air India.

YS_Bhargav · February 14, 2023, 8:30am

Nifty is up by 1%

Midcaps are (-0.4%)

Tradingqna · February 14, 2023, 1:04pm

Benchmark indices ended the two-day losing streak with solid gains, up nearly 1%, in line with positive global trends. US markets look set for a good opening.

Brent Crude: 85.61 -0.17%
USD INR Spot: 82.755 0.05%
India 10Y Bond yield: 7.371 0.07%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

UPL was the top gainer.

Navin Fluorine International was the top loser.

Earnings Update:

Adani Enterprises: Net Profit: Rs. 740 cr against 1.8 cr profit YoY; Revenue: Rs. 26,612.2 cr 41.9% YoY.

Apollo Hospitals: Net Profit: Rs. 162.3 cr 33.3% YoY; Revenue: Rs. 4,263.6 cr 17.2% YoY.

Bata India: Net Profit: Rs. 83.1 cr 14.9% YoY; Revenue: Rs. 900.2 cr 7% YoY.

Eicher Motors: Net Profit: Rs. 740.8 cr 62.4% YoY; Revenue: Rs. 3,721 cr 29.2% YoY.

Grasim: Net Profit: Rs. 237 cr 47.4% YoY; Revenue: Rs. 6,196 cr 7.1% YoY.

Indiabulls Housing Finance: Net Profit: Rs. 291 cr 4% YoY; NII: Rs. 489 cr 19.3% YoY.

Siemens: Net Profit: Rs. 462.7 cr 85.1% YoY; Revenue: Rs. 4,015.1 cr 17.4% YoY.

Torrent Power: Net Profit: Rs. 684.6 cr 86% YoY; Revenue: Rs. 6,442.8 cr 71% YoY.

News

India’s annual Wholesale Price Inflation fell to a 24-month low of 4.73% YoY in January, the eighth straight month of fall owing to drops in the rates of mineral oils, chemicals and chemical products, textiles, crude petroleum and natural gas, textiles, and food items.

Air India signed agreement with Airbus for the delivery of around 250 new aircraft for more than $50 billion at list prices as part of its expansion plans with fuel-efficient fleets.

PhonePe has raised a $100 million funding round led by venture capital investors Ribbit Capital, Tiger Global, and TVS Capital Funds. PhonePe is now the most valuable privately owned fintech firm in the country, with a pre-money valuation of $12 billion.

The Eurozone is likely to “narrowly avoid” recession, with the EU raising its 2023 growth prediction from 0.3 to 0.9% due to lower gas prices.

Tradingqna · February 15, 2023, 1:19pm

Benchmark indexes rallied in the last hour to close nearly 0.5% higher, continuing their strong run into a second day. US futures are trading lower.

Brent Crude: 85.01 -0.28%
USD INR Spot: 82.8025 0.06%
India 10Y Bond yield: 7.348 -0.31%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Torrent Power was the top gainer.

Bharat Forge was the top loser.

Earnings Update:

Biocon: Net Loss: Rs. 41.8 cr against profit of 187.1 cr YoY; Revenue: Rs. 2,941.1 cr 35.3% YoY.

ONGC: Net Profit: Rs. 11,044.7 cr 13.9% QoQ ; Revenue: Rs. 38,583.3 cr 0.7% QoQ

Vodafone Idea: Net Loss: Rs. 7990 cr against loss of 7,595 cr QoQ; Revenue: Rs. 10,620.6 cr 0.1% QoQ.

News

Trade deficit touched a 12-month low of USD 17.75 billion in January as exports dipped by 6.58% YoY to USD 32.91 billion in January due to a slowdown in global demand and Imports in January too contracted by 3.63%, the second consecutive month, to USD 50.66 billion

As per the Solvent Extractors’ Association of India, India’s palm oil imports in January fell about 25% from the previous month to 833,667 tonnes while Imports of soy oil gained 45% to 366,625 and sunflower oil imports were up about 58% to 461,458 tonnes.

India’s imports from Russia jumped about five times to USD 37.31 billion during April-January this fiscal on account of increasing inbound shipments of crude oil from that country: Commerce ministry data.

HDFC Ltd. has launched the largest-ever debt issuance plan by an Indian company worth Rs 25,000 crore. The bonds are of 10-year maturity and the expectation for the coupon, or the rate of interest paid to investors, is around 7.97%.

The US CPI came in 0.5% higher MoM and grew 6.4% annually in January on account of rising shelter, gas, and fuel prices. Excluding volatile food and energy, the core CPI increased 0.4% monthly and 5.6% from a year ago, against respective estimates of 0.3% and 5.5%.

Sudhanshu_Joshi · February 15, 2023, 1:45pm

Where can we apply for the HDFC bond? I never see anything listed in the corporate bonds section of Coin.

ShubhS9 · February 15, 2023, 2:20pm

The issue of bonds is on private placement basis not open for general public. More details here.

Tradingqna · February 16, 2023, 1:10pm

Benchmark indices slid from the day’s high, closing with minor gains. Dow and Nasdaq futures point to a poor start for US markets.

Brent Crude: 85.55 0.47%
USD INR Spot: 81.7175 -0.10%
India 10Y Bond yield: 7.344 -0.04%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

P I Industries was the top gainer.

IndiGo was the top loser.

Earnings Update:

Nestle India: Net Profit: Rs. 628 cr 62.4% YoY; Revenue: Rs. 4,275 cr 13.8% YoY.

News

Adani Power Ltd has announced that the company’s Rs 7,017-crore deal to buy DB Power’s thermal power assets has fallen through due to the expiration of the long stop date under the initial agreement.

As per OMDIA research, India is likely to have more than 150 million 5G users by 2024, with the country having a combined 4G and 5G subscriber base of 990 million by 2024 telecom gear maker Nokia’s prediction.

Retail sales in the US rose 3% MoM to $697.0 billion in January, the largest increase since 2021, mostly to increased sales at auto and other vehicle dealers and department stores.

The Central Government has cut the windfall profit tax on crude petroleum from Rs 5,050/tonne to Rs 4,350, while the special additional excise duty on ATF has been reduced from Rs 6/litre to Rs 1.50/L. Diesel’s special additional excise duty has been lowered from Rs 7.50/L to Rs 2.50/L.

Tradingqna · February 17, 2023, 1:11pm

Benchmark indices broke their three-day winning streak and closed lower, down around 0.5% following weak global trends. US futures are trading lower, signaling a bad start for US markets.

Brent Crude: 82.46 -2.54%
USD INR Spot: 82.83 0.14%
India 10Y Bond yield: 7.389 0.64%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Jk Cement was the top gainer.

Biocon was the top loser.

Earnings Update:

India’s foreign exchange reserves fell by $8.31 billion to $566.94 billion in the week ended February 10, according to the RBI’s latest data.

Reliance Jio and Bharti Airtel gained 1.7 million and 1.52 million members, respectively, while Vodafone Idea’s subscriber count shrank by 2.47 million: TRAI Data

India’s fintech sector emerged as the leading sector for raising funds through Venture Debt, accounting for the highest number of deals and the maximum amount raised in 2022 at around $400 million: The India Venture Debt Report 2023

GAIL, India’s biggest gas firm, is looking to buy up to a 26% stake in a US LNG project in order to shore up supply sources to meet rising demand after experiencing supply disruptions last year.