Weekly Trading Diary: 21st to 25th November 2022

Tradingqna · November 20, 2022, 12:05pm

Hello and 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 gone by;

Benchmark indices Nifty and Sensex ended the week marginally lower, ending their four-week gaining streak.

Here’s now the major sectoral indices fared;

Global market performance in the week ended 18th November:

Things to watch out for in the coming week;

Key economic events

	23rd November		24th November
Eurozone	Services PMI (NOV)	Japan	Services PMI (NOV)
	Manufacturing PMI (NOV)		Manufacturing PMI (NOV)
	Markit Composite PMI (NOV)		Composite PMI (NOV)
UK	Manufacturing PMI (NOV)	US	FOMC Meeting Minutes
	Services PMI (NOV)
	Composite PMI (NOV)
US	Manufacturing PMI (NOV)
	Services PMI (NOV)
	Composite PMI (NOV)
	Jobless Claims
	Building Permits
	Crude Oil Inventories

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

Tradingqna · November 21, 2022, 12:39pm

Benchmark indices finished lower for the third consecutive session, falling around 0.8%. US markets too look set for a negative opening.

Brent Crude: 87.21 -0.69%
USD INR Spot: 81.84 0.19%
India 10Y Bond yield: 7.323 0.22%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Escorts was the top gainer.

TVS Motors was the top loser.

News

Formal job creation rose by 9.1% year on year in September to 1.68 million, with net enrolment 21.85% higher than the previous fiscal’s monthly average, as economic activity in India increased with the start of the festive season: EPFO data

Essar group announced the completion of its asset monetization programme to effectively become debt free with the sale of captive ports and power assets located in Gujarat and Odisha to ArcelorMittal for nearly Rs, 16,500 crore.

Restoring the status quo, the central government announced the withdrawal of export duty on iron ore lumps and fines with less than 58% Fe content, while the rate of duty on iron ore lumps and fines with more than 58% Fe will be 30%.

Average housing prices appreciated nearly 5% across eight major cities in the first nine months of this year on account of a rise in input costs and a strong revival in demand: PropTiger

Kabra Extrusion closed at 20% upper circuit after its division Battrixx entered into a partnership with Hero Electric to produce homegrown lithium-ion batteries.

Deepak Fertilisers gained 8.5% after signing a 20-year binding term sheet with Aarti Industries for Nitric acid supply worth over 8,000 crores.

WTI crude and Brent crude touched 2-month lows and fell below 80$ and 80$ per barrel respectively on receding supply fears combined with concerns over fuel demand from China and U.S. dollar strength weighed on prices.

Tradingqna · November 22, 2022, 1:05pm

Benchmark indices rose nearly 0.5% to end the day on a positive note, ending a three-session losing streak. US markets look set for a mixed start.

Brent Crude: 88.56 1.08%
USD INR Spot: 81.665 -0.21%
India 10Y Bond yield: 7.295 -0.34%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Shriram Transport Finance was the top gainer.

Mahanagar Gas was the top loser.

News

India’s mobile user base dipped by 3.66% MoM in September. Vodafone Idea lost 4 million users with market share dropping to 21.75% in September from 22.03%, Airtel’s share grew from 31.66% to 31.80%, while Jio’s grew from 36.48% to 36.66%: TRAI

Vedanta announced its third interim dividend of Rs 17.50 per share leading to a total payout of Rs 6,505 crore to shareholders.

Kaynes Technology India made a strong debut ending with a gain of 17.5% at 690 after opening at 775, a 32% jump from the issue price.

India’s domestic air traffic came in at a 5-month high, rising 27% YoY and 10.2% MoM to 1.14 crore passengers in October: DGCA data

Australian PM Anthony Albanese announced the crucial FTA deal to diversify its exports and forge new bilateral trade relations with India wherein, Australia is offering zero-duty access to India for about 96.4% of exports by value from day one.

Tradingqna · November 23, 2022, 12:25pm

Benchmark indexes slid from highs but managed to close marginally higher for the day, following a mixed trend in the global market. US markets look set for a muted opening.

Brent Crude: 85.32 -3.46%
USD INR Spot: 81.845 0.22%
India 10Y Bond yield: 7.293 0.11%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

GNFC was the top gainer.

Adani Group was the top loser.

News

Nykaa’s share price traded lower for the 3rd straight day and fell 2% today after the resignation of company’s CFO Arvind Agarwal.

Inox Green Energy makes a weak debut, listing at an 8% discount to the issue price.

Amazon Web Services (AWS) announced its plan to launch its second infrastructure region near Hyderabad and invest $4.4 billion (approximately ₹36,300 crore) in India by 2030 and provide more than 48,000 full-time jobs annually .

Parle Products became the first packaged food company in India to cross the $2 billion market in annual revenue during FY22, according to the company’s filings. Sales at Rs. 16,202 core grew by 9% YoY, while profit fell by 81% to Rs. 256 crore.

The EU is considering capping the price of Russian crude oil at between $65 and $70 per barrel in coordination with the G7 nation: Bloomberg

Chinese smartphone maker Xiaomi announced a 9.7% dip in revenue at 70.17 billion yuan and 59.1% fall in net profit at 2.12 billion yuan due to China’s COVID-19 restrictions and softening consumer demand.

Tradingqna · November 24, 2022, 12:48pm

Nifty and Sensex surged over 1%, hitting a new all-time high. US futures indicate a good start for US stocks.

Brent Crude: 84.66 0.15%
USD INR Spot: 81.63 -0.26%
India 10Y Bond yield: 7.257 -0.47%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Gujarat State Petronet was the top gainer.

GNFC was the top loser.

News

Bisleri, the largest packaged water manufacturer is in talks to sell its business to Tata Consumer Products for around Rs. 6000-7000 crore. Bisleri’s revenue for FY23 is expected to be Rs. 2,500 crore, with a profit of Rs. 220 crore.

ICICI Bank has announced that it will invest Rs. 50,000 as seed capital to acquire 10% of the equity in the joint venture between IOC and Chennai Petro, which will implement a 9 MMTPA refinery in Tamil Nadu.

Telecom companies adjusted gross revenue (AGR) grew 17.91% YoY to Rs. 60,530 crore in April-June 2022 with Jio leading in terms of revenue share whereas Bharti Airtel was leading in terms of growth rate: TRAI

FDI equity inflows into India fell by 14% to $26.9 billion during the first half of the current fiscal year, according to figures from the Department for Promotion of Industry and Internal Trade, while overall FDI inflows fell by 9.1% to $38.9 billion.

Global equities touched two-month highs and the dollar index neared three-month lows after Federal Reserve meeting minutes pointed to a slower pace of U.S. interest rate rises from next month.

China’s covid difficulties continue, with the government reporting the greatest number of daily COVID-19 cases at 31,444 on November 23rd since the pandemic began.

Tradingqna · November 25, 2022, 1:00pm

Benchmark indices rose from the day’s low to close slightly higher in a volatile session, hitting a new high. US markets look set for a mixed opening.

Brent Crude: 86.73 2.04%
USD INR Spot: 81.685 0.07%
India 10Y Bond yield: 7.303 0.66%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Indiabulls Housing Finance was the top gainer.

Shriram Transport Finance was the top loser.

News

As per the company’s announcement, Adani Enterprises will be raising Rs. 20,000 crores through a follow-on public offer, pending approval of the shareholders

As per the data from the National Statistical Office, India’s unemployment rate for people aged 15 years and above in urban areas eased to 7.2% from 9.8% YoY for the quarter ending September 30.

Castrol India announced the acquisition of a 7.09% stake for Rs. 487.5 crores in TVS Automobile Solutions’ digital subsidiary Ki Mobility Solution as the company aims to expand its presence in service and maintenance for both the internal combustion engine and electric vehicles.

Shares of PNB hit a 21-month high as the stock surged 5% on receiving the government’s approval to divest its entire stake in UTI Asset Management Company.

The Guardian reports that Jaguar Land Rover as the company is expected to cut production in the UK till March end due to chip shortage issues amid the global semiconductor crisis that started in 2021

From December 5th, the Chinese central bank will be cutting the required reserve ratio (RRR) by 0.25% for the first time since April it releases liquidity of CNY 500 billion to lend out to the economy struggling with covid related restrictions and housing credit issues.