Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
A quick look at how the markets fared in the week ended March 10;
Things to watch out for in the coming week;
IPOs
The Rs. 154 crore IPO of Global Surfaces Limited will open for subscription on 13th March and closes on 15th March, you can check out all the details here: Everything you need to know about the Global Surfaces Limited IPO
Key macroeconomic events to watch out for during the week;
|
13th March |
|
14th March |
|
15th March |
|
16th March |
|
17th March |
| India |
CPI Inflation (FEB) |
India |
WPI Inflation (FEB) |
Japan |
Monetary Policy Meeting Minutes |
Japan |
Trade Balance (FEB) |
Eurozone |
CPI Inflation (FEB) |
|
|
US |
CPI Inflation (FEB) |
China |
Industrial Production (FEB) |
US |
Jobless Claims |
US |
Industrial Production (FEB) |
|
|
|
|
US |
PPI (FEB) |
Eurozone |
Interest Rate Decision |
|
|
|
|
|
|
|
Retail Sales (FEB) |
|
|
|
|
|
|
|
|
|
Crude Oil Inventories |
|
|
|
|
What are you looking forward to in the week? Share below and join the discussion 
2 Likes
Nifty and Sensex declined from their highs to close 1.5% lower following bearish cues in global markets. Futures on the Dow and Nasdaq indicate a mixed start for US markets.
USD INR Spot: 80.51 -2.62%
India 10Y Bond yield: 81.1225 0.10%
Brent Crude: 7.359 -0.94%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Tech Mahindra was the top gainer.
Indusind Bank was the top loser.
News
Indian government bond rates fell over 1% to close at 7.35%, as the collapse of Silicon Valley Bank prompted investors to flee to the safety of American debt, leading to a decline in US bond yields.
Yes Bank fell 13% before recovering to close 5% lower after its three-year lock-in period under the RBI’s 2020 reconstruction scheme expired today.
Shares of Tech Mahindra rose nearly 7% after the company appointed Mohit Joshi as its new managing director and CEO.
IndusInd Bank fell more than 7% after the RBI approved Mr. Sumant Kathpalia’s re-appointment as Managing Director (MD & CEO) for a two-year term as opposed to the board’s approval for 3 years.
The US government, working with the FDIC and the Federal Reserve, stated that Silicon Valley Bank depositors will be able to retrieve their funds without incurring any losses. In an effort to maintain public trust in the banking system.
2 Likes
Nifty and Sensex declined over half a percent each, falling for the fourth session running. US futures are trading higher, signaling a good start.
USD INR Spot: 79.57 -1.30%
India 10Y Bond yield: 82.49 0.45%
Brent Crude: 7.385 0.27%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
PVR was the top gainer.
Adani Enterprises was the top loser.
News
India’s Wholesale Price Index (WPI) fell to 3.85% in February, declining for the ninth straight month. Lower wholesale price inflation was caused by decreased costs for manufactured products, fuel, and electricity.
Glenmark Pharmaceuticals has received final FDA approval to market a generic version of Pfizer’s Cleocin capsules, known as Clindamycin Hydrochloride Capsules.
Chevron has signed a long-term trademark licensing agreement with HPCL, in which HPCL will produce, distribute, and market Chevron’s Caltex brand lubricant products, including Havoline and Delo.
Hyundai Motor India has a conditional agreement to buy General Motors’ closed plant in Pune. Legal disputes with the employees’ union need to be resolved before completion.
Volkswagen is boosting its investment plan to €180 billion ($193 billion) to challenge Tesla’s leadership in electric vehicles. Around 70% of the spending in the next five years will go towards electric vehicles and software, up from 56% in the previous plan.
Benchmark indices gave up their gains and dropped over 0.5% at the close, extending their losing streak to the fifth trading day. US futures point to a bad start for US markets.
USD INR Spot: 76.17 -1.79%
India 10Y Bond yield: 82.595 0.13%
Brent Crude: 7.362 -0.22%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Adani Enterprises was the top gainer.
Samvardhana Motherson International was the top loser.
News
Hero Electric plans to make over 10 lakh vehicles yearly in India in the next few years. It will launch new versions of its three electric scooter models, and invest around Rs. 1,200 cr to set up a greenfield plant in Rajasthan with a production capacity of 20 lakh units per year.
KPIT Technologies rose over 8% as it announced a partnership with Honda to enhance its software-defined mobility journey. The collaboration will involve over 2,000 software and vehicle system professionals from KPIT worldwide, to support Honda’s SDM roadmap beyond 2030.
US CPI inflation climbed 6% in February, the weakest growth since September 2021, indicating that inflation has peaked despite sticky rental housing costs.
Credit Suisse fell more than 20% to new all-time lows for the second consecutive day after the company’s largest investor, Saudi National Bank, declared it could not give any additional financial support to the Swiss bank due to regulatory difficulties.
Benchmark indexes halted a five-day losing skid and ended the choppy session with minor gains. US futures are trading lower.
Brent Crude: 73.84 -0.58%
USD INR Spot: 82.6841 0.23%
India 10Y Bond yield: 7.352 -0.15%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Zee Entertainment Enterprises was the top gainer.
Samvardhana Motherson International was the top loser.
News
Zee Entertainment Enterprises surged 10% after Bloomberg reports suggested that the company has likely agreed to repay dues owed to IndusInd Bank to inch closer to completing a merger with Sony Group.
Indian Government’s Defence Acquisition Council approved the capital acquisition of military hardware worth Rs. 70,584 crores as part of a mega procurement plan that is expected to significantly boost domestic defense manufacturing.
Oil marketing companies surged between 2-6% as oil prices quoted at the lowest level in more than a year due to recent fears related to the banks in the US and Europe.
Lenskart announced that it has signed definitive documents for a $500 million investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority at a $4.2 billion valuation.
Credit Suisse rallied 40% after the bank said that it was taking action to strengthen its liquidity by borrowing up to $54 billion from the Swiss Central Bank.
Benchmark indices climbed roughly 0.6%, finishing higher for the second day. US markets look to be off to a negative start.
Brent Crude: 74.88 0.35%
USD INR Spot: 82.4663 -0.26%
India 10Y Bond yield: 7.355 0.04%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
DLF was the top gainer.
Biocon was the top loser.
News
After receiving approvals from SEBI, CCI, RBI, NCLT has approved the merger of HDFC Ltd. with HDFC Bank paving the way for one of the largest financial institutions in India.
TCS shares hit four-month lows after the company’s MD and CEO Rajesh Gopinathan announced that he will step down from his role.
The European Central Bank announced a large interest rate hike of 50 basis points as expected to bring down inflation amid financial market chaos caused by US regional banks and Credit Suisse.
1 Like
