Weekly trading diary: 15th - 20th January 2023

Tradingqna · January 14, 2024, 2:38pm

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

Here’s a quick look at how the markets performed in the week ended January 12:

Things to look forward to in the week

Corporate earnings

16th January	17th January	18th January	19th January	20th January
Federal Bank	Asian Paints	IndusInd Bank	Atul Ltd	ICICI Bank
HDFC Bank	Oracle Financial Services Software	Tata Communications	Hindustan Unilever	JK Cement
Network18	LTIMindtree	Polycab India	Hindustan Zinc	Kotak Mahindra Bank
TV18 Broadcast	ICICI Prudential		Reliance Industries	IDFC First Bank
L&T Technology Services	Happiest Minds		UltraTech Cement
ICICI Lombard GIC			RBL Bank
			PayTm

Economic events

	15th January		16th January		17th January		19th January
India	WPI Inflation (December)	UK	Unemployment Rate (November)	China	GDP Growth (Q4 CY23)	Japan	CPI Inflation (December)
Eurozone	Industrial Production (November)				Industrial Production (December)
					Unemployment Rate (December)
				UK	CPI Inflation (December)
				Eurozone	CPI Inflation (December)
				US	Imports and Exports (December)
					Industrial Production (December)

Tradingqna · January 16, 2024, 1:15pm

Benchmark indices ended the day lower, breaking a five-day winning streak due to weakness in global markets. US futures are trading lower.

Brent Crude: 78.65 0.64%
USD INR Spot: 82.9774 0.15%.
India 10Y Bond yield: 7.146 -0.03%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Indian Oil Corporation was the top gainer.

Vodafone Idea was the top loser.

News

India’s engineering goods exports grew 10.20% to USD 10.04 billion in December 2023, despite global challenges like geopolitical tensions and tight financial conditions.

India will extend the import of edible oils at reduced duties until March 2025 to control local prices, continuing the lower duty on crude palm, sunflower, and soy oil set to expire in March 2024.

Domestic air passenger traffic increased by 8.34% to 15.20 crore in 2023, up from 12.32 crore in 2022, according to data released by the Directorate General of Civil Aviation.

Tradingqna · January 17, 2024, 2:04pm

Benchmark indexes fell more than 2% due to heavy selling in banking stocks and negative global cues from escalating geopolitical tensions. US futures are trading lower.

Brent Crude: 79.96 -1.70%
USD INR Spot: 83.131 0.19%.
India 10Y Bond yield: 7.165 0.27%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

ICICI Lombard General Insurance was the top gainer.

Indian Energy Exchange was the top loser.

Earnings Update:

Asian Paints: Net Profit: Rs. 1475 cr 34.5% YoY; Revenue: Rs. 9104 cr 5.4% YoY.

IIFL Finance: Net Profit: Rs. 131.7 cr 17.2% YoY; Revenue: Rs. 1158.7 cr 17.7% YoY.

LTIMindtree: Net Profit: Rs. 1169 cr 16.8% YoY; Revenue: Rs. 9016 cr 4.6% YoY.

News

HDFC Bank’s share price declined by 8.46%, following the release of its Q4 results.

Bharat Electronics Ltd has received orders amounting to Rs 1,034 crore, including a Rs 695 crore order from Mazagon Dock Shipbuilders Ltd for missile system spares. Additionally, they have secured orders worth Rs 339.3 crore for various systems and spares.

MRF, India’s priciest stock, reached Rs 1 lakh per share in June last year and today achieved a historic Rs 1.5 lakh, marking a significant milestone for an Indian stock.

Nazara Technologies disclosed raising Rs 250 crore from existing investors, with ICICI Prudential among them, as mentioned in an exchange filing.

Tradingqna · January 18, 2024, 2:11pm

Benchmark indexes extended losses for the third straight session, down over half a percent, influenced by weak global cues. Dow and Nasdaq futures are showing mixed trends.

Brent Crude: 77.99 0.14%
USD INR Spot: 83.1243 -0.01%.
India 10Y Bond yield: 7.177 0.20%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Oracle Financial Services Software was the top gainer.

LTIMindtree was the top loser.

Earnings Update:

IndusInd Bank: Net Profit: Rs. 2297.9 cr 17.3% YoY; NII: Rs. 5295.7 cr 17.8% YoY.

Poonawalla Fincorp: Net Profit: Rs. 265.1 cr 76.3% YoY; Revenue: Rs. 762.6 cr 52.1% YoY.

Polycab: Net Profit: Rs. 416.5 cr 15.7% YoY; Revenue: Rs. 4340 cr 16.8% YoY.

News

Akasa Air, India’s newest airline, has finalized a deal for 150 Boeing 737 MAX aircraft, comprising both 737 MAX 10 and 737 MAX 8-200 models, to support growth in domestic and international markets.

State Bank of India raised Rs 5,000 crore through AT-1 bonds at an 8.34% coupon rate, exceeding the base issue of Rs 2,000 crore. These perpetual bonds have a 10-year call option, as stated by India’s largest public sector bank.

ONGC Videsh, the international arm of Oil and Natural Gas Corp, has secured a five-year $420 million loan from DBS Bank and Bank of Baroda, as stated by a company spokesperson.

Aarti Industries Limited shares surged 8.6% to Rs 633.5 following announcing a Rs 6,000 crore long-term contract with a multinational conglomerate to supply a niche specialty chemical.

Haldiram is discussing acquiring a controlling stake in Prataap Snacks, a listed rival valued at $350 million, to expand its presence in the potato chip market.

Tradingqna · January 19, 2024, 2:02pm

Nifty and Sensex ended their three-day losing streak, with gains of around 0.75% following improved global cues. Dow and Nasdaq futures indicate a positive start.

Brent Crude: 79.07 -0.04%
USD INR Spot: 83.1338 0.01%.
India 10Y Bond yield: 7.181 0.04%

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Aarti Industries was the top gainer.

Zee Entertainment Enterprises was the top loser.

Earnings Update:

Central Bank Of India: Net Profit: Rs. 718 cr 57% YoY; NII: Rs. 3,152 cr 4% YoY.

Hindustan Zinc: Net Profit: Rs. 2,038 cr 17% YoY; Revenue: Rs. 7,310 cr 7% YoY.

HUL: Net Profit: Rs. 2,519 cr 0.6% YoY; Revenue: Rs. 15,188 cr 0.3% YoY.

Paytm: Net Loss: Rs. 221.7 cr vs. Rs. 392 cr YoY; Revenue: Rs. 2,850.5 cr 38% YoY.

Reliance Industries: Net Profit: Rs. 17,265 cr 9.3% YoY; Revenue: Rs. 248,160 cr 3.2% YoY.

Ultratech Cement: Net Profit: Rs. 1,777 cr 68% YoY; Revenue: Rs. 16,487 cr 8% YoY.

News

OPEC’s share in India’s crude imports hit a historic low in 2023, while India’s procurement of discounted Russian oil surged, indicating a strategic shift away from Middle Eastern suppliers to cut freight costs.

Lupin’s stock price reached a 52-week high of Rs 1,441.75 after receiving FDA approval to launch a gout drug in the U.S., adding to its growing list of product approvals for the American market.

Suzuki Motorcycle India has partnered with SMFG India Credit to offer financing for its two-wheelers, as per an MoU. SMFG India Credit is an NBFC-ICC registered with the RBI and part of Sumitomo Mitsui Financial Group (SMFG).

Tata Consumer plans to raise Rs 6,500 crore to finance recent Capital Foods and Organic India acquisitions. This funding will include issuing commercial papers up to Rs 3,500 crore for bridge funding.

Tradingqna · January 20, 2024, 12:32pm

Benchmark indices concluded the day with a decline, falling around 0.3%, primarily due to the drag from IT and consumer goods stocks.

Nifty 50 heat map.

More stats at: technicals.zerodha.com

Amongst the F&O stocks

Balkrishna Industries was the top gainer.

Hindustan Unilever was the top loser.

Earnings Update:

ICICI Bank: Net Profit: Rs. 10272 cr 23.6% YoY; NII: Rs. 18679 cr 13.5% YoY.

IDBI Bank: Net Profit: Rs. 1458.2 cr 57.3% YoY; NII: Rs. 3434.5 cr 17.4% YoY.

IREDA: Net Profit: Rs. 335.5 cr 67.2% YoY; Revenue: Rs. 1253 cr 44.2% YoY.

J&K Bank: Net Profit: Rs. 421.1 cr 35.1% YoY; NII: Rs. 1280 cr 1.8% YoY.

Kotak Mahindra Bank: Net Profit: Rs. 3005 cr 7.6% YoY; NII: Rs. 6554 cr 15.9% YoY.

Union Bank: Net Profit: Rs. 3589.9 cr 59.9% YoY; NII: Rs. 9168 cr 6.3% YoY.

News

Kotak Mahindra Bank announced that its board has approved a proposal to raise Rs 10,000 crore through the issuance of Unsecured, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis, as stated in their recent exchange filing.

Bharti Airtel Ltd.'s subsidiary, Bharti Hexacom Ltd., has received board approval for a public listing through an IPO of up to 10 crore shares, facilitating a partial government exit, as per their recent exchange filing.

Union Bank of India’s CEO and Managing Director A Manimekhalai stated that the bank’s lending exposure to non-banking finance companies has remained unchanged, despite the Reserve Bank of India tightening norms.

Indian companies and Qatar Energy are set to sign a contract by the end of this month or early February, offering destination-flexible cargoes and lower pricing, with a duration extending until at least 2050 or possibly longer.