Weekly Trading Diary: 1st to 5th May 2023

[Tradingqna]

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

---

---

Here’s how markets fared in the week gone by;

---

---

---

---

---

---

Things to watch out for in the coming week;

Corporate earnings

1st May	2nd May	3rd May	4th May	5th May	6th May	7th May
Adani Green Energy Limited	Ambuja Cements Limited	Cholamandalam Investment & Finance Ltd.	Adani Enterprises Limited	Adani Power Limited		Coal India Ltd.
	Tata Steel Limited	Godrej Properties Limited	CEAT Limited	Bharat Forge Limited
		Havells India Limited	Dabur India Limited	Britannia Industries Limited
		MRF Limited	HDFC Ltd.	Equitas Small Finance Bank Limited
		Tata Chemicals	Hero MotoCorp Limited	Equitas Small Finance Bank Limited
		Titan Company Limited	IDFC Limited	Federal Bank Ltd.
			TVS Motor Company Limited	Marico Limited
			United Breweries Ltd.	Paytm
				Piramal Enterprises Limited
				Tata Investment Corporation Limited

Macroeconomic events

	1st May		2nd May		3rd May		4th May		5th May
India	Manufacturing PMI (APR)	Eurozone	CPI Inflation (APR)	India	Services PMI (APR)	Eurozone	ECB Interest Rate Decision	US	Unemployment Rate (APR)
US	Manufacturing PMI (APR)		Manufacturing PMI (APR)		Compostie PMI (APR)		Services PMI (APR)
		UK	Manufacturing PMI (APR)	US	US Fed Interest Rate Decision		Composite PMI (APR)
					Services PMI (APR)	UK	Services PMI (APR)
					Compostie PMI (APR)		Composite PMI (APR)
					Crude Oil Inventories	US	Jobless Claims
					Nonfarm Employment (APR)

[yolotrader]

How are you trading this week . V hav fed news tomrw

[Tradingqna]

Benchmark indices gained around 0.4% for the day, extending their positive streak to the eighth trading session. US futures are trading slightly lower.

Brent Crude: 79.16 -0.19%
USD INR Spot: 81.7625 -0.02%
India 10Y Bond yield: 7.092 -0.34%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

IndiaMART InterMESH was the top gainer.

RBL Bank was the top loser.

Earnings Update:

Adani Total Gas: Net Profit: Rs. 98 cr 521% YoY; Revenue Rs. 1197 cr 12% YoY.

Adani Green Energy: Net Profit: Rs. 507 cr 319% YoY; Revenue: Rs. 2988 cr 88% YoY.

Ambuja Cements: Net Profit: Rs. 502 cr 1.6% YoY; Revenue: Rs. 4256 cr 8.4% YoY.

News

Go First filed for voluntary insolvency resolution procedures before NCLT, stated CEO Kaushik Khona, due to a severe cash shortage.

GST collections in April 2023 hit a record Rs 1.87 lakh crore, up 12%, with CGST at Rs 38,440 crore, SGST at Rs 47,412 crore, IGST at Rs 89,158 crore (including Rs 34,972 crore from imported goods), and cess at Rs 12,025 crore (including Rs 901 crore from imported goods).

The central government has reduced the windfall tax on crude oil to Rs 4,100 per tonne from Rs 6,400 per tonne, starting today, while keeping the windfall tax on petrol, diesel, and aviation turbine fuel at zero.

Headline consumer prices in the eurozone climbed to 7.0% on an annualized basis after falling for five months due to a fresh rise in energy costs. Core inflation, on the other hand, has slowed marginally to 5.6%.

Housing prices in India have increased by 7% year on year, with the average price increase across all major real estate markets during the first quarter of 2023: PropTiger.com.

Diesel demand rose by 6.7% year on year to 7.15 million tonnes in April, owing to a pickup in Rabi crop harvesting and expansion of economic activity, while petrol sales climbed by 2.5% year on year to 2.64 million tonnes.

[Tradingqna]

Nifty and Sensex ended their eight-day winning streak and closed lower following weak global cues. US futures are trading higher.

Brent Crude: 73.13 -2.91%
USD INR Spot: 81.8552 0.11%
India 10Y Bond yield: 7.006 -1.41%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Bharat Heavy Electricals was the top gainer.

RBL Bank was the top loser.

Earnings Update:

Tata Chemicals: Net Profit: Rs. 709 cr 62% YoY; Revenue Rs. 4407 cr 26.6% YoY.

Titan: Net Profit: Rs. 734 cr 49.5% YoY; Revenue: Rs. 9704 cr 33.4% YoY.

Havells: Net Profit: Rs. 358 cr 1.4% YoY; Revenue: Rs. 4859.2 cr 9.8% YoY.

News

Manappuram Finance fell more than 12.2% after the ED raided various locations in connection with a money laundering probe.

Strides Pharma announced a partnership with Orbicular Pharmaceutical Technologies to develop four nasal sprays for worldwide markets with a combined global IQVIA market size of more than $400 million, according to the exchange filing.

Brent oil prices fell 4% to a five-week low of $73 a barrel on fears of a US bond default, weak economic data from China, and rate hike expectations from the US and Europe.

[Tradingqna]

Nifty and Sensex finished the day strongly, up nearly 1% amid mixed signals in global markets. Dow and Nasdaq futures are trading lower.

Brent Crude: 72.62 0.40%
USD INR Spot: 81.7353 -0.03%
India 10Y Bond yield: 7.016 0.07%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Cholamandalam Investment and Fin was the top gainer.

Petronet LNG was the top loser.

Earnings Update:

Adani Enterprises: Net Profit: Rs. 772.48 cr 138% YoY; Revenue Rs. 31,346.05 cr 26% YoY.

Dabur India: Net Profit: Rs. 292.76 cr 0.5% YoY; Revenue: Rs. 2,677.80 cr 6.4% YoY.

HDFC: Net Profit: Rs. 4,425.50 cr 20% YoY; Revenue Rs. 16,679.43 cr 35.6% YoY.

Hero MotoCorp: Net Profit: Rs. 859 cr 37% YoY; Revenue: Rs. 8,307 cr 12% YoY.

News

Reliance Industries stated that the demerger of its financial services unit, Reliance Strategic Ventures Ltd, has been approved by shareholders and creditors.

The US Federal Reserve continued to tighten monetary policy, raising interest rates by 25 basis points to 5.25% at its latest meeting.

ArcelorMittal, the global steel giant, reported a 74.43% decrease in net income to $1.1 billion for Q1 2022, compared to $4.1 billion in the same period last year. The company is the world’s biggest integrated steel and mining firm.

Adani Ports and Special Economic Zone Ltd. (APSEZ), a subsidiary of Adani Group, has sold its stake in Myanmar Port for a total consideration of Rs 245.21 crore.

[Gnome]

i have short calls, fingers crossed for tomorrow.

[Tradingqna]

Nifty and Sensex ended the final trading session of the week in the red, both declining over 1%. Futures on Dow and Nasdaq are trading higher.

Brent Crude: 72.25 2.41%
USD INR Spot: 81.7353 0.00%
India 10Y Bond yield: 7.014 0.00%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Cholamandalam Investment and Fin was the top gainer.

Manappuram Finance was the top loser.

Earnings Update:

Britannia Industries: Net Profit: Rs. 559 cr 47% YoY; Revenue: Rs. 4,023.18 cr 13.31% YoY.

Federal Bank: Net Profit: Rs. 953.91 cr 62.4% YoY; Revenue: Rs. 5,780.78 cr 38.6% YoY.

United Breweries: Net Profit: Rs. 9.87 cr 93.97% YoY; Revenue: Rs. 4,081.01 cr 11.35% YoY.

TVS Motor Company: Net Profit: Rs. 410.27 cr 49% YoY; Revenue Rs. 6,604.78 cr 19.4% YoY.

News

Global gold demand declined 13% year on year to 1,080.8 tonnes in the January-March quarter of this year, due to outflows from European-listed exchange-traded fund products. India’s demand also dropped 17% to 112.5 tonnes, impacted by high gold rates and volatility.

Indraprastha Gas Limited (IGL) and ACME Group have signed an MoU to explore business opportunities in green hydrogen and promote its adoption in India. The companies plan to work together to create demand for green hydrogen among customers.

Manappuram Finance’s shares dropped more than 14% to Rs 102.2 in Friday’s trade after its promoter, VP Nandakumar, received an order freezing his personal assets, including 19,29,01,996 equity shares in the company.