Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Here’s how the markets performed in the week ended June 16:
Things to watch out for in coming week
IPOs
IPO of HMA Agro Industries will open for subscription on 20th June and close on 23rd June. The company aims to raise Rs. 480 crores. The IPO comprises a fresh issue of equity shares aggregating up to Rs. 150 crores and an offer for sale of shares worth Rs. 330 crores from the existing shareholders. Here’s all you need to know: Everything you need to know about the HMA Agro Industries Limited IPO
Key macroeconomic events
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CPI Inflation (May) |
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BOE Interest Rate Decision |
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Building Permits (May) |
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Jobless Claims |
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Home Sales |
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Crude Oil Inventories |
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Composite PMI (June) |
Benchmark indexes opened strong, approaching their record high, and then reversed direction, sliding down to conclude the session lower. US futures are trading marginally lower.
Brent Crude: 76.48 -0.17%
USD INR Spot: 81.9658 0.101%
India 10Y Bond yield: 7.061 0.38%
Nifty 50 market breadth
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Jindal Steel And Power was the top gainer.
Adani Enterprises was the top loser.
News
Net direct tax collection for the current fiscal grew by 11% to Rs 3.80 lakh crore, according to the Ministry of Finance. The Advance Tax collections for April-June 2023-24 reached Rs 1,16,776 crore as of June 17, showing a YoY growth of 13.70%.
According to QuantEco Research’s TRUCE index, India’s consumption levels continued to rise in April, with the urban index reaching its highest point.
Grasim Industries has partnered with Lubrizol Corporation, a US-based specialty chemical company, for an investment of over USD 150 million. The investment will primarily be utilized to construct the world’s largest CPVC resin plant in Vilayat, Gujarat.
India’s textile and apparel exports witnessed a 12.2% year-on-year dip in the month of May, primarily attributed to lower demand in the European and United States market.
Nifty and Sensex rebounded from their lows and finished the day higher around 0.3%. Dow and Nasdaq futures are trading lower.
Brent Crude: 75.8 -0.38%
USD INR Spot: 82.1157 0.183%
India 10Y Bond yield: 7.061 0.11%
Nifty 50 market breadth
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
HDFC Asset Management Company was the top gainer.
Zee Entertainment Enterprises was the top loser.
News
HDFC has signed a deal to sell about 90% of its education loan subsidiary, HDFC Credila, to a consortium of private equity firms BPEA, EQT, and ChrysCapital. The sale is valued at around Rs 9,060 crore.
IndiGo has made a significant purchase of 500 A320 aircraft from Airbus. This order surpasses the previous record set by Air India, which ordered 470 planes from Boeing and Airbus.
Adani Group is in talks with five international banks to refinance $3.8 billion of loans used for acquiring ACC and Ambuja Cement. Existing lenders may participate. Discussions with Taiwanese and Malaysian banks to expand lender group and extend payment tenor by 3 years.
India’s reliance on the US for goods exports has risen by 7% in the past 12 years, reaching a 17.4% share in 2022-23. However, the US’s share in India’s total exports, including services, has decreased.
2 Likes
Nifty and Sensex continue to rise, with the Sensex reaching an all-time high and finishing higher for the second day in a row. US futures are trading marginally lower.
Brent Crude: 75.88 -0.03%
USD INR Spot: 82.0951 -0.025%
India 10Y Bond yield: 7.068 0.13%
Nifty 50 market breadth
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Piramal Enterprises was the top gainer.
IDFC was the top loser.
News
IGL finished 3% higher on reports that the Delhi government will allow taxis to run on CNG for the next 15 years.
Lupin Ltd surged by 5.4% to hit 52-week highs after receiving USFDA approval for its generic version of Spiriva, or tiotropium bromide inhalation powder. Spiriva has estimated annual sales of $1,264 million in the U.S., according to IQVIA MAT March 2023.
EV sales in the EU rose 71% in May, and new car registrations increased for the tenth consecutive month, up 18.5%. Government subsidies and improved availability of auto components were key factors contributing to the growth, as per ACEA data.
UK inflation surged with an annual increase of 8.7%, while core inflation rose by 7.1%, driven primarily by higher prices in air travel, recreational and cultural goods and services, and second-hand cars.
1 Like
Nifty and Sensex fell around half-a-percent for second successive session. The US futures are trading lower too.
Brent Crude: 73.42 -0.97%
USD INR Spot: 82.051 +0.161%
India 10Y Bond yield: 7.074 -0.17%
Nifty 50 market breadth
Sectoral performance.
More market stats at: http://stocks.zerodha.com
Amongst the F&O stocks
Aurobindo Pharma was the top gainer.
Adani Enterprises was the top loser.
News
Adani Group stocks fell between 5 to 10% on fears of stricter US regulatory scrutiny after a Bloomberg report suggested that US authorities are looking into what representations Adani Group made to its American investors following Hindenburg Research’s report.
As per the World Steel Association data, India has registered a 4.1% growth in its crude steel production at 11.2 MT even when there was a 5.1% contraction in the global output at 161.6 MT in May 2023.
UPL has announced spin-off of its specialty chemical business on a slump sale basis as a going concern to wholly-owned subsidiary UPL Speciality Chemicals for Rs. 3,752 crore.
A joint venture between Adani Enterprises and EdgeConneX, AdaniConneX has announced raising $213 million to finance its under-construction data center portfolio of 67 MW in Noida and Chennai.
As per oil ministry’s data, India’s natural gas consumption fell 12.4% YoY to 5,066 million metric standard cubic meters in May, as imports sharply dropped despite a price decline in the international spot market over the last few months.
