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Here’s what the markets were up to in the week gone by;
Easing inflation numbers and positive global cues saw Indian markets carry forward their positive momentum for the fourth week running. Nifty ended the week up by around 1.7%, while Sensex surged around 1.85%. Both indices are now less than 4% off the all-time highs made in October 2021.
On the sectoral front, Metal, Bank and Energy were the top performing sectors, inching up between 2.8% to 4.6%. While the Media (-2.1%) and FMCG (-1.1%) were the top draggers.
A look at the performance of major global indices in the week ended 12th August;
Things to watch out for in the coming week;
Key macroeconomic events to watch for;
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15th August |
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16th August |
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17th August |
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18th August |
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19th August |
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GDP (Q2) |
India |
WPI Inflation (JUL) |
Eurozone |
GDP (Q2) |
Eurozone |
CPI Inflation (JUL) |
Japan |
CPI Inflation (JUL) |
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Industrial Production (JUL) |
US |
Industrial Production (JUL) |
UK |
CPI Inflation (JUL) |
US |
Jobless Claims |
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| China |
Industrial Production (JUL) |
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Building Permits (JUL) |
US |
FOMC Meeting Minutes |
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Home Sales (JUL) |
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Retail Sales (JUL) |
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Crude Oil Investories |
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So, what are you looking forward to in the coming week? Share below and join the discussion 
Nifty and Sensex closed near four-month highs, rising over 0.7% amid mixed global cues. US futures are trading marginally lower.
Brent Crude: 95.41 2.12%
USD INR Spot: 79.655 0.00%
India 10Y Bond yield: 7.289 0.00%
A look at Nifty 50 market breadth for the day.
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
HDFC Asset Management Company was the top gainer.
Muthoot Finance was the top loser.
In the news
The WPI inflation came in lower for the second consecutive month at a 5-month low of 13.93% in July on easing prices of food articles and manufactured products.
Revival in housing demand and rising construction costs have resulted in a 5% average annual increase in residential property prices across eight major cities, with Delhi-NCR seeing a 10% increase during the April-June quarter.
Shares of DFM Foods hit an upper circuit of 20% after the promoter’s proposed to delist equity shares of the company from the stock exchanges.
Milk prices are set to increase by Rs. 2 as dairy brands Amul and Mother Dairy announced a hike in their prices due to a rise in procurement and other input costs.
Amid soaring prices of crude, Saudi Aramco announced record profits of $48.4 billion which is the highest for any listed company in the second quarter of 2022.
China’s yuan slumped to a three-month low after its Central Bank announced a rate cut to combat the alarming economic slowdown due to a worsening property slump and continued coronavirus lockdowns.
Benchmark indices continued their winning streak by closing higher for the seventh straight session following positive global cues. US futures are trading lower, indicating a poor start.
Brent Crude: 91.88 -0.79%
USD INR Spot: 79.445 -0.26%
India 10Y Bond yield: 7.187 -1.40%
A look at Nifty 50 market breadth for the day.
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Zee Entertainment was the top gainer.
PVR was the top loser.
In the news
Bharti Airtel said that it has paid Rs 8,312.4 crore to the Department of Telecommunications (DoT), settling 5G spectrum dues ahead of schedule to free up cash for future investments.
Retail businesses across India reported a robust growth of 18% in sales as compared to pre-pandemic levels (July 2019), according to the Retail Business Survey by the Retailers Association of India (RAI).
As per an OPEC monthly oil report, India’s demand for petroleum products like petrol and diesel will grow by 7.73% in 2023, the fastest pace in the world, with India’s demand for oil products projected to rise from 4.77 million barrels per day (BPD) in 2022 to 5.14 million BPD in 2023.
Inflation in the UK touched the double digits for the first time in over 40 years as the CPI rose by 10.1% in July 2022, up from 9.4 % in June.
SBI has filed an insolvency petition against the country’s largest sugar firm Bajaj Hindusthan Sugar Ltd.
The value of the FPI holdings in the domestic equities dropped 14% to USD 523 billion in the three months ended June 2022 from the preceding quarter, according to a Morningstar report. This was the third consecutive quarterly decline in the value of FPIs’ investments in Indian equities.
Benchmark indices bounced back from day lows to close flat, amid a bearish trend in global markets. US markets look set for a muted opening.
Brent Crude: 95.01 2.26%
USD INR Spot: 79.6725 0.29%
India 10Y Bond yield: 7.242 0.84%
A look at Nifty 50 market breadth for the day.
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
IRCTC was the top gainer.
SBI Card was the top loser.
In the news
India’s domestic air traffic grew by 70.18% YoY at 6.7 crore between January-July, 2022, whereas there was a monthly fall of 7.6% in July, according to the DGCA.
Tata Motors on Thursday announced that it has won an order of 921 electric buses from Bengaluru Metropolitan Transport Corporation (BMTC).
Solar capacity installations in the country rose by 59% to record 7.2 gigawatt (GW) during the first half of 2022, according to Mercom India Research.
According to the TRAI Data, Reliance Jio added 4.2 million new mobile customers, followed by Airtel which added 0.79 million, while Vodafone Idea shed 1.8 million users in June.
Turkey’s central bank announced a surprise rate cut of 1% to 13%despite inflation soaring to a 24-year high leading to sharp losses in lira which is now trading at all time lows against the US dollar.
Equity markets fell from days highs with both Nifty and Sensex ending the day down by over a percent each. US futures too are trading down.
Brent Crude: 94.58 -1.99%
USD INR Spot: 79.775 +0.13%
India 10Y Bond yield: 7.266 +0.33%
A look at Nifty 50 market breadth for the day.
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Adani Ports was the top gainer.
PVR was the top loser.
In the news
Retail inflation for farm and rural workers increased to 6.6% and 6.82% in July from 6.43% and 6.76% in June, mainly due to higher food prices of certain food items.
The government slightly reduced the windfall tax on petroleum crude in the third revision to Rs. 13,000 per tonne, but it increased the tax on diesel exports to Rs. 7 from Rs. 5 per litre and reintroduced levy on aviation turbine fuel to Rs. 2 per litre.
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India’s gold imports rose 6.4% to $12.9 billion during April-July quarter of FY23 on back of healthy demand. In July 2022, however, imports of the precious metal fell sharply by 43.6% to $2.4 billion, as per the latest data released by the Commerce Ministry.
Share of IRCTC surged nearly 3% after the company announced that it has floated a tender to monetise its data assets to boost revenue and increase profit.
Germany’s producer prices rose 37.2% after a 32.7% YoY rise in July, driven by higher energy prices, posting the biggest increase ever recorded, the German statistics office Destatis said.
