Weekly Trading Diary: 16th to 20th May 2022

A thread for discussing all your trades, strategies, ideas, news, stories, etc.

A look at market performance in the previous week:

Investor sentiment remained little changed as markets continued their slide downwards, with markets falling for all five trading sessions. Nifty closed the week down by around 629 points, 3.8%, while Sensex erased around 2041 points, 3.7%.

Globally, markets in Europe bounced back, ending the week with gains. US markets meanwhile closed another week in red. Although recovered from weekly lows, that saw Dow, S&P 500, and Nasdaq stumble between 5.1% to 8%.

On the sectoral front, it was another week where none of the sectoral indices managed to close in green.

Here’s what the FIIs and DIIs were up to:

Things to watch out for in the coming week

Shares of LIC are scheduled to list on the exchanges on Tuesday, May 17.

Things continue to remain busy in the primary market despite subdued market sentiment as three more IPOs will be opening for subscription;

Period Price Range Minimum Quantity Issue Size
Paradeep Phosphates 17th to 19th May Rs. 39 - 42 350 and in multiples thereof Rs. 1501.73 crores
Ethos Limited 18th to 20th May Rs. 836 - 878 17 and in multiples thereof Rs. 472.3 crores
eMudhra Limited 20th to 24th May Rs. 243 - 256 50 and in multiples thereof Rs. 412.8 crores

Earnings to watch out for:

16th May 17th May 18th May 19th May 20th May 21st May
Bharat Forge Abbott India ITC Ashok Leyland Amara Raja BHEL
GSK Pharma Bajaj Electricals Finolex Industries Bosch Zydus Lifesciences PowerGrid
MCX Ltd. Bharti Airtel IGL Chambal Fertilisers Indiabulls Housing Finance Shree Cements
VIP Industries DLF LIC Housing Finance Dr. Reddy’s IDFC Ltd. JK Cement Ltd.
GMR Lupin Godrej Consumer Products NTPC
IOC Manappuram Finance HPCL Pfizer
Kajaria Ceramics Aditya Birla Fashion V-Guard Industries IRFC
PI Indistries Pidilite Industries Indigo Paints
Zydus Wellness InterGlobe Aviations Paytm
Dr. Lal Pathlabs

Key macroeconomic events around the world:

16th May 17th May 18th May 19th May 20th May
China Industrial Production India WIP Inflation Japan GDP Estimates US Jobless Claims Japan CPI Inflation
Eurozone GDP Estimates Industrial Production Home Sales UK Retail Sales
US Fed Cgairman Powell Speech UK CPI Inflation
Retail Sales Eurozone CPI Inflation
Industrial Production US Crude Oil Inventories

So, what are you looking forward to in the coming week? Join the discussion below :point_down:


Benchmark indices ended the volatile session in positive, snapping a six-day losing streak. Dow and Nasdaq futures indicate a negative start for US markets.

:oil_drum: Brent Crude: 110.6 -0.85%
:heavy_dollar_sign: USD INR Spot: 77.81 0.42%
:scroll: India 10Y Bond yield: 7.318 0.00%

Majority of sectoral indexes ended the day in green. Nifty PSU gained the most, up 2.91%, followed by the Nifty Realty and Auto, both rose over 2.2%. Nifty IT was the worst performer, falling 0.75%.

Amongst the F&O stocks

:chart_with_upwards_trend: Idea was the top gainer.
:chart_with_downwards_trend: Honeywell Automation India was the top loser.

:page_with_curl: Earnings Update:

GSK Pharma: Net Profit: Rs.1219.05 cr :arrow_up: against profit of 14.33 ​​cr YoY: Rs. 810 cr :arrow_up: 9% YoY.

Bharat Forge: Net Profit: Rs. 232 cr :arrow_up: 9% YoY; Revenue: Rs. 3,573.09 cr :arrow_up: 71.5% YoY.

:newspaper: In the news

Adani Group has agreed to buy Swiss building materials maker Holcim’s India assets Ambuja Cements and ACC for Rs. 80,000 crores in one of the largest ever acquisitions by an Indian group.

AMG Media Networks, a unit of Adani Enterprises, will buy a 49% stake in digital business news platform Quintillion Business Media for an undisclosed sum, as per a regulatory filing.

Global wheat prices soared as India restricted exports. Benchmark futures in Chicago rose as much as 5.9% to $12.475 a bushel, the highest in two months.

Etisalat, the UAE’s biggest telecom operator, has bought 9.8% stake in British mobile carrier Vodafone Group for $4.4 billion.

China’s retail and factory activity fell sharply in April as COVID-19 lockdowns confined workers and consumers to their homes and disrupted supply chains, casting a long shadow over the outlook for the world’s second-largest economy.


Good morning folks

Nifty may fut is having a massive discount of 30-40 points when compared to spot. Keep an eye on this factor. Is it due to short positions or the upcoming dividends…that needs to be seen.

Nifty and Sensex rose nearly 3% rebounding from yesterday’s dip, marking the second-best single-day gain this year. US futures indicate a good start for US markets.

:oil_drum: Brent Crude: 112.4 0.96%
:heavy_dollar_sign: USD INR Spot: 77.5475 -0.23%
:scroll: India 10Y Bond yield: 7.357 0.51%

All sectoral indices ended the day in the green, with Nifty Media leading the way with a 4.47% gain, followed by Nifty Realty and Metal, both climbing over 4.2%. Nifty IT gained the least of the other indices, rising 1.54%.

Amongst the F&O stocks

:chart_with_upwards_trend: Granules India was the top gainer.

:chart_with_downwards_trend: Container Corporation of India was the top loser.

:page_with_curl: Earnings Update:

NTPC : Net Profit: Rs 5200 cr :arrow_up: 11.9% YoY; Revenue: Rs. 37085 cr :arrow_up:23.12% YoY.

HPCL : Net Profit: Rs 1795 cr :arrow_down: 40% YoY; Revenue : Rs. 104942 cr :arrow_up:24% YoY.

:newspaper: In the news

Sugar export in the sugar season 2021-22 is 15 times that of the previous sugar season 2017-18, according to the Ministry of Corporate. UAE, Indonesia, Afghanistan, Sri Lanka, Bangladesh, Malaysia, and African countries are the top importers.

RBI will transfer a surplus of Rs 30,307 crore to the government for the accounting year 2021-22, the central board decided at a meeting on Friday. The surplus transferred is sharply lower than the Rs 99,122 crore for the period July 2020-March 2021.

Easy Trip Planners Limited signs MoU with Saudi Tourism Authority to Drive Inbound Tourism to Saudi Arabia

India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India’s state-run Hindustan Petroleum Corp. said on Thursday.

:earth_americas: Around the World

According to a survey, Britain’s household pessimism has reached historic levels as the cost-of-living crisis has pushed confidence in the economic outlook to a new low.

China announced a key interest rate cut as the country fights to boost its virus-hit economy and Covid-19 restrictions rip across major cities. “The five-year loan prime rate (LPR) is 4.45%, from 4.6 previously.”

Japan’s inflation accelerated sharply in April to top the Bank of Japan’s target level, an outcome that will complicate Governor Haruhiko Kuroda’s message that stimulus must continue.

Consumer prices excluding fresh food increased 2.1% from a year earlier, according to the ministry of internal affairs Friday. That’s the quickest pace since 2008 after excluding tax hike effects.

The ruble surged to the highest level in seven years against the euro as more foreign companies appeared to be complying with Vladimir Putin’s demand that they switch to paying in Russia’s currency for natural gas.