Weekly Trading Diary: 14th October to 18th October 2024

[Tradingqna]

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

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Nifty and Sensex reversed early gains, closing lower due to selling in heavyweights and weak global cues. US futures are trading slightly higher.

Brent Crude: 74.5 -3.83%
USD INR Spot: 84.042 -0.03%.
India 10Y Bond yield: 6.884 1.5%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Hindustan Petroleum Corporation was the top gainer.

National Aluminium Company was the top loser.

News

SEBI has increased position limits for trading members in index F&O from Rs 500 crore to 15% of open interest or above Rs 7,500 crore, per the SEBI Master Circular dated October 16, 2024.

The merger of Reliance Industries and Disney India’s media assets is expected to be completed in Q3 FY25, following approval from the Competition Commission of India and the National Company Law Tribunal, as per the company’s exchange filing.

India’s drug pricing regulator, the National Pharmaceutical Pricing Authority (NPPA), has raised the maximum price for 11 essential drugs by 50% to keep them available. The NPPA made this decision as some suppliers wanted to stop production, saying it wasn’t profitable.

ONGC plans to set up mini-LNG plants to convert natural gas from isolated wells into LNG, targeting five sites in Andhra Pradesh, Jharkhand, and Gujarat.

[Tradingqna]

Nifty and Sensex ended lower for the second consecutive day, following selling in IT and auto stocks amid weak global market trends. Dow and Nasdaq futures are trading marginally higher.

Brent Crude: 73.85 -0.5%
USD INR Spot: 84.031 -0.03%.
India 10Y Bond yield: 6.888 1.77%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

HDFC AMC was the top gainer.

Polycab India was the top loser.

News

Cipla and Alkem lead the bid for Sahajanand Medical Technologies, valued at Rs 3,500-4,000 crore, as KKR, TPG, and Apax exit. Binding offers are due next week.

Tata Sons reported gross debt of Rs 363.2 crore in March, down from Rs 22,176 crore in 2022-23, and cash of Rs 3,042 crore, resulting in a negative net debt of Rs 2,679.2 crore. This strengthens Tata Sons’ capacity for new investments and higher dividends.

GMR Airports Infrastructure Ltd. reported 1.02 crore passengers in September, a 9% year-on-year increase, with domestic traffic up 7.5% and international traffic growing by 12%.

Gold prices reached a record high of Rs 78,900 per 10 grams in the national capital, rising by Rs 250 due to sustained demand from jewellers.

[Tradingqna]

Benchmark indices continued to decline for a third consecutive session, reflecting overall market weakness. Dow and Nasdaq futures are trading higher.

Brent Crude: 74.26 0.04%
USD INR Spot: 84.058 0.01%.
India 10Y Bond yield: 6.898 1.85%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Mphasis was the top gainer.

Bajaj Auto was the top loser.

News

India’s imports of Russian crude rose by 11.7% in September compared to August, as Russia remains the largest supplier to the world’s third-biggest oil importer.

Bharat Forge Ltd. has signed an agreement to acquire a 100% stake in AAM India Manufacturing Corp Pvt. Ltd., aiming to expand its operations.

Nestle India is set to launch new Cerelac variants with zero refined sugar, expanding its range to 21 options, including 14 refined sugar-free.

Hyundai Motor India’s ₹27,870 crore IPO was fully subscribed at 1.41 times on the third day, with strong QIB demand at 3.88 times.

[Tradingqna]

Benchmark indices recovered from their day’s lows to close higher, driven by gains in banking and financial stocks. Dow and Nasdaq futures show mixed trends.

Brent Crude: 74.02 -0.56%
USD INR Spot: 84.058 -0.01%.
India 10Y Bond yield: 6.915 1.93%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Axis Bank was the top gainer.

Manappuram Finance was the top loser.

News

Reliance Retail Ventures Ltd announced a joint venture with Mothercare plc, managing the Mothercare brand and intellectual property in India and neighbouring markets. The venture will be established by Reliance Brands Holding UK Limited.

Adani Enterprises Limited has completed a qualified institutional placement (QIP) of equity shares, raising approximately ₹4,200 crores ($500 million) by allocating 1,41,79,608 shares at an issue price of ₹2,962 each.

Zomato shares declined nearly 5% after the company announced a board meeting on October 22 to discuss a qualified institutions placement (QIP).

JSW Energy’s subsidiaries have signed agreements to supply 1,200 MW of solar-wind hybrid power to Maharashtra State Electricity Distribution Company.

Aditya Birla Digital Fashion Ventures Ltd has invested ₹75 crore in Wrogn, increasing its shareholding from 17.10% to 32.84%. The investment enhances Wrogn, the men’s wear brand backed by Accel and cricketer Virat Kohli.