Weekly Trading Diary: 14th to 18th November 2022

Tradingqna · November 13, 2022, 12:25pm

Hello and 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 11th November;

Nifty and Sensex rose for the fourth successive week, gaining 1.28% and 1.39%, largely propelled higher by easing inflation in the US. Which also pushed the major markets around the world higher.

Here’s how the sectoral indices fared;

Things to watch out for in the coming week;

IPOs

The primary market continues to remain busy but another IPO opening for subscription this week. The IPO of Keystone Realtors, a real estate developer opens for subscription on 15th November.

IPOs of Kaynes Technology and Inox Energy, which opened in the week gone by will close on the 14th and 15th of November.

	Period	Price Range	Bid Lot	Issue Size
Kaynes Technology India	10th to 14th November	Rs. 559 – 587	25 and in multiples thereof	Rs. 857.82 crores
Inox Green Energy Services	11th to 15th November	Rs. 61 – 65	230 and in multiples thereof	Rs. 740 crores
Keystone Realtors Limited	14th to16th November	Rs. 514 – 541	27 and in multiples thereof	Rs. 635 crores

Earnings

Not much to look forward to on the earnings front as we enter the final week, or rather the final day of earnings releases…

|14th November|
|—|—|
|Aarti Industries||
|Apollo Tyres||
|Bharat Forge||
|Biocon||
|Grasim Industries||
|IRCTC||
|Jyothy Labs||
|NMDC||
|ONGC||

Key economic events

	14th November		15th November		16th November		17th November		18th November
India	CPI Inflation (OCT)	Japan	GDP Growth (Q3CY22)	UK	CPI Inflation (OCT)	Eurozone	CPI Inflation (OCT)	UK	Retail Sales (OCT)
	WPI Inflation (OCT)		Industrial Production (SEP)	US	Retail Sales (OCT)	US	Jobless Claims	US	Home Sales (OCT)
Eurozone	Industrial Production (SEP)	China	Industrial Production (OCT)		Industrial Production (OCT)		Building Permits
		Eurozone	GDP Growth (Q3CY22)		Crude Oil Inventories
		US	PPI Inflation (OCT)

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

Tradingqna · November 14, 2022, 1:03pm

Benchmark indices closed marginally lower, sliding around 0.25% following a mixed trend in the global market. Dow and Nasdaq futures point to a negative opening for US markets.

Brent Crude: 95.17 -0.68%
USD INR Spot: 81.26 0.58%
India 10Y Bond yield: 7.288 -0.26%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Manappuram Finance was the top gainer.

Sun TV Network was the top loser.

Earnings Update:

Grasim: Net Profit: Rs.964 cr 1.8% YoY; Revenue: Rs.6,745 cr 36.7% YoY.

Bharat Forge: Net Profit: Rs.268.1 cr 14% YoY; Revenue: Rs.1,864 cr 16% YoY.

NBCC India: Net Profit: Rs.95.5 cr 34.1% YoY; Revenue: Rs.2,029.7 cr 8% YoY.

Radico Khaitan: Net Profit: Rs.54.5 cr 25.4% YoY; Revenue: Rs.3,018.6 cr 1.7% YoY.

News

India’s CPI inflation eased to 6.77% in October from 7.41% in September to a three-month low. While the WPI Inflation came to 8.39% in October to its lowest level since 2021.

Paytm’s loan disbursals grew 387% YoY to Rs 3,056 crore in October, while the number of loans disbursed grew 161% YoY to 3.4 million, as the company is on the path to profitability and free cash flow: CEO Vijay Shekhar Sharma.

As per credit rating agency ICRA, Auto component suppliers are expected to grow at a pace of 8-10% this fiscal in revenue on the back of healthy domestic original equipment manufacturers (OEMs) and pent-up demand despite headwinds persisting on the exports front.

L&T Infotech and Mindtree announced their merger coming into effect today to become the fifth-largest IT provider by market cap and sixth-largest by revenue with the parent company, L&T, holding 68.73% of the merged entity.

Tradingqna · November 15, 2022, 12:34pm

Nifty and Sensex touched 52-week highs, closing the choppy session with gains of around 0.4%. US futures are trading higher, indicating a positive opening for US markets.

Brent Crude: 92.66 0.19%
USD INR Spot: 81.095 -0.20%
India 10Y Bond yield: 7.263 -0.33%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Gujarat Gas was the top gainer.

Info Edge (India) was the top loser.

News

The UK’s unemployment rate spiked to 3.6% and vacancies fell for the fifth report in a row to 1.23 million, its lowest since late 2021 as employers worried about the outlook for the economy, the Office for National Statistics said.

India is on track to achieve its target of generating 50% of its electricity from renewable sources by 2030: PM Narendra Modi told the G20 summit in Indonesia.

India’s merchandise trade deficit widened to $26.91 billion in October from $25.71 billion in September, as exports fell 16.65% MoM to $29.78 billion and imports declined to $56.69 billion from $61.16 billion in the same period.

Bank credit is expected to grow by 15% YoY in FY 2023 backed by growth in retail and MSME segments and 2024 will see corporate credit being the larger contributor on the back of broad-based economic recovery and stronger balance sheets at banks: CRISIL

The UK’s unemployment rate spiked to 3.6% and vacancies fell for the fifth report in a row to 1.23 million, its lowest since late 2021 as employers worried about the outlook for the economy, the Office for National Statistics said.

OPEC cut its forecast for 2022 global oil demand growth for the 5th time since April to 2.55 million BPD down 1,00,000 BPD from the previous forecast and also trimmed next year’s figure, citing mounting economic challenges including high inflation and rising interest rates.

Tradingqna · November 16, 2022, 12:43pm

Benchmark indices ended flat with minor gains following weak global cues caused by geopolitical tensions in Europe. Dow and Nasdaq futures indicate a muted start for US markets.

Brent Crude: 94.09 0.41%
USD INR Spot: 81.2975 0.25%
India 10Y Bond yield: 7.275 0.19%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

HAL was the top gainer.

Metropolis Healthcare was the top loser.

News

India’s goods exports fell in October for the first time in nearly two years as weaker demand in the west started to impact shipments, which was made worse by additional holidays during the festive month. Exports fell 16.65% to $29.78 in October: Commerce Ministry.

Global Health, which operates hospitals under the Medanta brand, and Bikaji Foods made strong debuts, listing at 19% and 8% premium to the issue price.

Soybean imports are predicted to be 64% lower at 2lk tonnes in the 2022-23 season, while local production is expected to rise to 120.40lk tonnes, up from 118.89lk tonnes YOY: SOPA

Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23, but the same growth may not be seen in 2023-24 as pent-up demand is already released: Tata Motors Passenger Vehicles MD Shailesh Chandra.

Inflation in the UK accelerated to a 41-year high at 11.1% YoY in October due to an ongoing rise in energy and food prices driving the cost of living up thereby raising the expectations of higher rate hikes from BoE.

Tradingqna · November 17, 2022, 12:49pm

Benchmark indices plunged in the final hour of trading, closing the volatile session down 0.36% following negative global cues. US futures too are trading lower.

Brent Crude: 91.67 -1.07%
USD INR Spot: 81.65 0.43%
India 10Y Bond yield: 7.283 0.12%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Shriram Transport Finance was the top gainer.

Info Edge was the top loser.

News

The Central government has hiked the windfall tax on domestically produced crude oil to Rs. 10,200 per tonne, from Rs. 9,500 per tonne while reducing the rate on export of diesel to Rs. 10.5 from Rs. 13 per litre.

The European Securities & Markets Authority’s decision to exclude important Indian institutions that serve as central counterparties in securities, money market, and forex transactions has created a deadlock that the RBI has placed the onus on European Union banks to end.

Sales of EV two-wheelers may suffer as a result of the government delaying the payment of Rs 1,000 crore in subsidies to 12 companies, including Hero Electric and Okinawa Autotech. Subsidy payments were to be given as part of the government’s flagship FAME-II initiative.

India’s exports of oil meal, used as animal feed, rose 38.45% to 19.84 lakh tonnes during the April-Oct period of the current fiscal on a sharp rise in shipment of rapeseed meal on account of a record crop and crushing that resulted in highest processing and availability of the commodity.

The rate of annual inflation in the Eurozone was 10.6% in October 2022, up from 9.9% in September. A year earlier, the rate was 4.1%.

Source: Eurostst

New vehicle sales registered a growth of 14.1% YoY to 910,753 units in the European Union, Britain, and the European Free Trade Association: ACEA

Tradingqna · November 18, 2022, 12:43pm

Benchmark indices fell slightly, ending the day in the red for the second day in a row. Futures on Dow and Nasdaq are trading higher, indicating a positive start for US markets.

Brent Crude: 89.09 -1.04%
USD INR Spot: 81.685 0.04%
India 10Y Bond yield: 7.308 0.37%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

NMDC was the top gainer.

Glenmark Pharmaceuticals was the top loser.

News

The maximum term for the MD and CEO of public sector banks (PSBs) has been increased from 5 to 10 years, subject to a retirement age of 60, according to a government notification. This likewise holds good for all full-time directors of PSBs.

The gaming industry is likely to add one lakh new jobs by 2022-23, across domains, including programming, testing, animation, and design as the sector is likely to grow by 20-30%: Report by TeamLease Digital.

India saw robust online sales worth Rs. 76,000 crores showing 25% YoY growth in the festive month from September 22 and October 23 led by the tier 2 and above cities which contributed 57% of festive GMV: Redseer

The financial services sector’s share of overall corporate profits hit a new high of 41.5% in the Third quarter, nearly doubling its historical 10-year average share of 21.8% as non-financial companies’ profits were squeezed due to increased interest rates and commodity prices.

India’s tea exports increased by 14.8% to 140.28 million kilograms in the first eight months of the 2022 calendar year according to Tea Board’s data.

Japan’s core consumer inflation accelerated to a 40-year high at 3.6% in October on the back of currency weakness and imported cost pressures.