Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Things to look forward to in the coming week;
Macroeconomic events
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18th September |
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19th September |
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20th September |
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21st September |
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22nd September |
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Eurozone |
CPI Inflation (August) |
UK |
CPI Inflation (August) |
UK |
BoE Interest Rate Decision |
Japan |
BoJ Interest Rate Decision |
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US |
Fed Interest Rate Decision |
US |
Jobless Claims |
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CPI Inflation (August) |
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Crude Oil Inventories |
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Home Sales (August) |
US |
Manufacturing PMI (September) |
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Services PMI (September) |
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1 Like
Benchmark indexes broke their winning streak and closed lower, following muted global cues ahead of the US Fed meeting. US futures are trading lower.
Brent Crude: 94.58 0.69%
USD INR Spot: 83.2102 0.19%.
India 10Y Bond yield: 7.160 0.03%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Berger Paints was the top gainer.
Vodafone Idea was the top loser.
News
India’s direct tax collection for April 1 to September 16, 2023, reached Rs 8.65 lakh crore, a 23.5% annual increase. It comprises Rs 4.47 lakh crore in personal income tax, Rs 4.16 lakh crore in corporate tax, and Rs 1.22 lakh crore in tax refunds issued during the fiscal year.
The Ministry of Finance approved welfare measures for LIC agents and employees, including increased gratuity limits, renewal commission eligibility, and term insurance cover, in line with amendments to LIC (Agents) Regulations, 2017, and Family Pension rates.
Jupiter Life Line Hospitals had an impressive stock market debut, with its shares opening at Rs 973 on the NSE, a 32% premium over the issue price of Rs 735 per share.
The government hiked windfall tax on crude to Rs 10,000/tonne from Rs 6,700 starting September 16. SAED on aviation turbine fuel was reduced to Rs 3.5/litre from Rs 4, and diesel’s windfall tax was lowered to Rs 5.5/litre from Rs 6, effective the same date.
2 Likes
Benchmark indexes fell more than 1%, following weak global trends ahead of the US Federal Reserve’s interest rate decision. Dow and Nasdaq futures are trading higher.
Brent Crude: 93.7 -0.68%
USD INR Spot: 83.2553 0.05%.
India 10Y Bond yield: 7.153 0.06%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
AUBANK was the top gainer.
HDFCBANK was the top loser.
News
Infosys and NVIDIA have expanded their partnership to enhance global enterprise productivity through generative AI applications. NVIDIA AI Enterprise will offer models, tools, runtimes, and GPU systems to Infosys Topaz in this collaboration.
Adani Green Energy has announced a 50:50 joint venture with Total Energies of France to manage a 1,050 MW green energy portfolio, with a $300 million investment commitment from both parties.
Great Britain’s high inflation rate unexpectedly fell to its lowest since February 2022 at 6.7% in August from July’s 6.8%, pushing the sterling to its lowest against the U.S. dollar since May. The pound also fell against the euro as investors scaled back bets on future rate hikes by the BoE.
State-owned power producer SJVN Ltd has signed an initial agreement with PFC (Power Finance Corporation) to secure financing for its projects totaling Rs 1.18 lakh crore.
RR Kabel’s shares had a decent listing on the stock exchanges as the stock closed higher by 15.7% at 1198 against the IPO price of Rs 1,035.
1 Like
Nifty and Sensex extended their losses for the third consecutive day, closing nearly 1% lower due to weak global sentiment. Dow and Nasdaq futures indicate a weak opening for US markets.
Brent Crude: 93.82 -0.76%
USD INR Spot: 83.1511 -0.13%.
India 10Y Bond yield: 7.145 -0.11%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Multi Commodity Exchange was the top gainer.
Indiabulls Housing Finance was the top loser.
News
EMS made a strong market debut in an otherwise weak market, listing its shares at Rs 282.05 per share, a 34% premium to its issue price of Rs 221 per share.
SJVN fell 13% after the government began selling a portion of its stake through the OFS mechanism today. At a floor price of Rs 69 per share, the government will sell 96.67 million shares or 2.46% of the company.
Japan’s exports declined for the second consecutive month, with a 0.8% decrease in August compared to the previous year. This decline was primarily driven by decreased mineral fuel and chip-making machinery exports, indicating signs of a global economic slowdown.
The Federal Reserve kept interest rates unchanged at 5.25%-5.5% in September, while keeping the commentary hawkish, with policymakers anticipating less easing next year.
1 Like
