Weekly Trading Diary: 16th to 20th January 2023

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



A quick look at market performance in the week gone by;







Things to watch out for in the coming week;

Earnings

16th January 17th January 18th January 19th January 20th January 21st January
Federal Bank Delta Corp IndusInd Bank Asian Paints Atul Limited ICICI Bank
ICICI Lombard OFSS AU Small Finance Bank Bandhan Bank IDFC First Bank
ICICI Prudential Can Fin Homes HDFC Life Kotak Mahindra Bank
Network18 Media Hatsun Agro IEX SBI Life
TV18 Broadcast Havells India JSW Energy UltraTech Cement
Hindustan Zinc JSW Steel Yes Bank
HUL LTIMindtree
L&T Technology Services Petronet LNG
PVR Limited RBL Bank
Reliance Industries
Union Bank of India

Macroeconomic events

16th January 17th January 18th January 19th January 20th January
India WPI Inflation (DEC) China GDP Growth (Q4CY22) Japan BOJ Interest Rate Decision US Jobless Claims Japan Core CPI Inflation (DEC)
Industrial Production (DEC) Industrial Production (NOV) Crude Oil Inventories UK Retail Sales (DEC)
Unemployment Rate UK CPI Inflation (DEC) US Existing Home Sales
Eurozone CPI Inflation (DEC)
US Retail Sales (DEC)
PPI (DEC)
Industrial Production (DEC)

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

Nifty and Sensex erased early gains and finished lower, down around 0.30%. Dow and Nasdaq futures indicate a negative opening for US markets.

:oil_drum:Brent Crude: 84.99 -0.43%
:heavy_dollar_sign:USD INR Spot: 81.6125 0.35%
:scroll:India 10Y Bond yield: 7.329 0.41%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Punjab National Bank was the top gainer.

:chart_with_downwards_trend: PVR was the top loser.

:page_with_curl: Earnings Update:

Federal Bank: Net Profit: Rs. 804 cr :arrow_up:54% YoY; NII: Rs.1956 cr :arrow_up: 27.14 % YoY.

HDFC Bank: Net Profit: Rs.12,698 cr :arrow_up:19.9% YoY; NII: Rs.22987.8 cr :arrow_up: 24.6 % YoY.

:newspaper: News

WPI inflation fell to a 22-month low of 4.95% YoY in December 2022, down from 5.85% YoY in November 2022, owing mostly to lower food and crude petroleum prices.

India’s merchandise trade deficit in December widened to $23.89 billion, up from $21.10 billion the previous year, primarily mostly to lower merchandise exports, which fell 12.2% to $34.48 billion, whereas imports declined 3.5% to $58.24 billion, down from $60.33 billion.

As per the Confederation of Indian Industry survey, Business confidence in India rose to a near two-year high in the three months to December with the latest CII Business Confidence Index jumping to 67.6 in the fiscal third quarter from 62.2 in the preceding three months.

India’s crude oil imports from Russia jumped by 33 times to touch around 1.2 million barrels per day of oil in December 2022 also seeing a monthly growth of 29% from November 2022 as per the data shared by energy cargo tracker Vortexa.

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Nifty and Sensex closed the session higher, up nearly 1% each. Futures on Dow and Nasdaq indicate a poor start for US markets.

:oil_drum:Brent Crude: 85.35 1.63%
:heavy_dollar_sign:USD INR Spot: 81.76 0.18%
:scroll:India 10Y Bond yield: 7.333 0.08%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Larsen & Toubro was the top gainer.

:chart_with_downwards_trend: Manappuram Finance was the top loser.

:page_with_curl: Earnings Update:

Bank of India: Net Profit: Rs. 1,151 cr :arrow_up:12% YoY; NII: Rs. 5594.3 cr :arrow_up:64.2% YoY.

TV18 Broadcast: Net Profit: Rs. 41.6 cr :arrow_down:79% YoY; Revenue: Rs. 1,768 cr :arrow_up:12.8% YoY.

Network 18: Net Profit: Rs. 9 cr :arrow_down: 97% YoY; Revenue: Rs. 1,850 cr :arrow_up: 12% YoY.

:newspaper: News

Adani Enterprises filed an offer letter for an Rs. 20,000 crore follow-on public offer. It is likely that the public issue will be launched in the last week of January.

Reliance Industries and BP partnership postponed an auction of gas produced from its KG-D6 offshore block after the government banned traders’ margins on the resale of such gas.

India’s sugar production inched up by 4% YoY with mills producing 15.7 million tonnes so far since the current season began last October: Reuter reports citing the Indian Sugar Mills Association.

Viacom18 won the media rights against Disney Star for the upcoming women’s IPL for Rs 951 crore over five years till 2027, paying a per-match fee of Rs 7.09 crore for five years for the women’s T20 cricket league.

China’s economy slowed sharply as the GDP grew 2.9% YoY in the October-December quarter on account of stricter COVID lockdowns and real estate slowdown. The rate is still bettered when compared to the second quarter’s 0.4% expansion and market expectations of a 1.8% gain.

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Benchmark indexes finished higher for the second consecutive day, gaining around 0.6% following positive global cues. Dow and Nasdaq futures point to a good start for US markets.

:oil_drum:Brent Crude: 87.05 0.47%
:heavy_dollar_sign:USD INR Spot: 81.24 -0.64%
:scroll:India 10Y Bond yield: 7.324 -0.12%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Siemens was the top gainer.

:chart_with_downwards_trend: ICICI Lombard General Insurance was the top loser.

:page_with_curl: Earnings Update:

IndusInd Bank: Net Profit: Rs.1,959.2 cr :arrow_up: 68.7% YoY; NII: Rs. 4,495.3 cr :arrow_up:18.5% YoY.

:newspaper: News

Adani Enterprises’ Rs. 20,000 crores will be opening on Jan 27 and closing on Jan 31 with a floor price for FPO set at Rs 3,112 per share.

Gogoro has announced a 50-50 joint venture with Belrise Industries to invest Rs. 20,500 crores over eight years to build battery-swapping and energy infrastructure in Maharashtra by signing a Non-binding MoU with the state government.

India Inc’s revenue is expected to rise 14% YoY in Q3 FY23 to ₹ 10.9 lakh crore due to a steady rise in volume and some price hikes mainly driven by the consumer discretionary segments: CRISIL

Inflation in the United Kingdom fell to 10.5% YoY in December from 10.7% in November due to a minor softening of energy and food rates, but still being in the double digits.

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Nifty and Sensex closed the day lower, down 0.3%. Dow and Nasdaq futures indicate a negative start for US markets.

:oil_drum:Brent Crude: 84.35 -0.19%
:heavy_dollar_sign:USD INR Spot: 81.36 0.15%
:scroll:India 10Y Bond yield: 7.314 -0.15%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Persistent Systems was the top gainer.

:chart_with_downwards_trend: Torrent Power was the top loser.

:page_with_curl: Earnings Update:

Asian Paints: Net Profit: Rs. 1,097 cr :arrow_up: 6.4% YoY; Revenue: Rs. 8,608 cr :arrow_up: 2.2 % YoY.

AU Small Fin Bank: Net Profit: Rs. 392.8 cr :arrow_up: 30.1% YoY; NII: Rs. 1,152.7 cr :arrow_up: 40.5% YoY.

HUL: Net Profit: Rs. 2,505 cr :arrow_up: 11.7% YoY; Revenue: Rs. 15,228 cr :arrow_up:16.3 % YoY.

Havells: Net Profit: Rs. 284 cr :arrow_down: 7.2% YoY; Revenue: Rs. 4,120 cr :arrow_up: 12.8% YoY.

PVR: Net Profit: Rs. 16.1 cr against loss of Rs. 10.2 cr YoY; Revenue: Rs. 941 cr :arrow_up: 53.2% YoY.

Polycab: Net Profit: Rs. 358 cr :arrow_up: 45.1% YoY; Revenue: Rs. 3,715.1 cr :arrow_up: 10.2 % YoY.

:newspaper: News

India is expected to add around 250 MW of data-center capacity in 2023, taking the total capacity to 1.15 gigawatts during the year driven by digitization, cloud computing, and government intervention.

Tata Group has started the process of listing Tata Technologies via an initial public offering. The Tata Motors unit has two consultants and is in the process of hiring another to assist it in raising Rs. 3,500-4,000 crore, valuing it at Rs. 16,200-20,000 crore.

PhonePe raised $350 million in funding from global private equity firm General Atlantic at a pre-money valuation of $12 billion, marking the first tranche of an up to $1 billion total fundraising that began in January 2023.

Microsoft has announced that it will cut its workforce by 5%, or 10,000 employees, by the end of March due to the impact of the IT sector slowdown.

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Nifty and Sensex extended their losses for the second day, falling around 0.4% on weak global market sentiment. US markets look set for a mixed start.

:oil_drum:Brent Crude: 86.15 -0.13%
:heavy_dollar_sign:USD INR Spot: 81.12 -0.29%
:scroll:India 10Y Bond yield: 7.350 0.51%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Coforge was the top gainer.

:chart_with_downwards_trend: L&T Technology Services was the top loser.

:page_with_curl: Earnings Update:

Atul Auto: Net Profit: Rs. 105.1 cr :arrow_down: 32% YoY; Revenue: Rs. 1,268.2 cr :arrow_down: 8.1% YoY.

Bandhan Bank: Net Profit: Rs. 290.6 cr :arrow_down: 66.2% YoY; NII: Rs. 2080.4 cr :arrow_down: 2.1% YoY.

HDFC Life: Net Profit: Rs. 315 cr :arrow_up:15% YoY; Net Premium Income: Rs. 14,379 cr :arrow_up:19% YoY.

JSW Steel: Net Profit: Rs. 474 cr :arrow_down: 89.5% YoY; Revenue: Rs. 39,134 cr :arrow_up: 2.8% YoY.

LTIMindtree: Net Profit: Rs. 1001 cr :arrow_up: 4.7% YoY; Revenue: Rs. 8,620 cr :arrow_up: 25.3 % YoY.

RBL Bank: Net Profit: Rs. 209 cr :arrow_up: 34% YoY; NII: Rs. 1148 cr :arrow_up: 13.6% YoY.

:newspaper: News

HUL shares fell nearly 4% after the company announced a rise in the royalty fee it pays to parent company Unilever by 80 bps. The royalty and central services fees will be increased to 3.45% of total turnover over a 3-year period under the new deal, up from 2.65% in 2021-22.

Sun Pharma has announced the acquisition of Nasdaq-listed Concert Pharmaceuticals (Concert) for $576 million. Concert is a biotechnology company with an extensive dermatological patent portfolio.

Hind Zinc shares fell more than 6% after Vedanta announced the $2.98 billion sale of its international zinc assets in South Africa and Namibia to subsidiary Hindustan Zinc. The acquisition will help HZL in increasing capacity from 1.2 metric tonnes to more than 2 MT.

Jubilant Foodworks Ltd has a Rs. 900 crore CAPEX plan for the next 12-18 months for stores, including re-imaging and maintenance expenditure, digital of around Rs. 500-600 crore, and commissaries of about Rs 300 crore.

Google joins the other tech companies as the company announced that it plans to cut about 12,000 jobs or 6% of its global workforce due to the ongoing challenging macroeconomic environment caused by inflation and high-interest rates.

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