Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Here’s a quick look at how the markets fared in the week week gone by:
Things to look forward to in the coming week:
Earnings
| 23rd October |
24th October |
25th October |
26th October |
27th October |
28th October |
| PNB Housing Finance |
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Axis Bank |
ACC Ltd. |
Bajaj Finserv |
IDFC First Bank |
| Torrent Pharma |
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Indus Towers |
Asian Paints |
BPCL |
NTPC |
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Netwirk 18 Media |
Colgate-Palmolive |
Cipla |
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Tech Mahindra |
Dixon Technologies |
Dr. Reddy’s |
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TV18 Broadcast |
PNB |
GMR Airports and Infra |
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Shriram Finance |
M&M Financial Services |
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Vodaffone Idea |
Piramal Pharma |
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Reliance Industries |
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SBI Cards |
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SBI Life |
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SRF Ltd. |
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Ujjivan Small Finance Bank |
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Union Bank |
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Economic events
| 23rd October |
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24th October |
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25th October |
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26th October |
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27th October |
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Japan |
Core Inflation (Septenber) |
US |
Building Permits |
US |
Fed Chairman Powell’s Speech |
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UK |
Unemployment Rate (August) |
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Home Sales (September) |
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GDP Growth (Q3 CY23) |
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Eurozone |
Services PMI (October) |
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Crude Oil Inventories |
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Core Durable Goods Orders (September) |
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Manufacturing PMI (October) |
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Jobless Claims |
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Composite PMI (October) |
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Eurozone |
ECB Interest Rate Decision |
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US |
Services PMI (October) |
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Manufacturing PMI (October) |
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2 Likes
Benchmark indices continued the bearish trend for the fourth session and fell around 1.3% due to weak trends in global markets. US futures are trading lower.
Brent Crude: 91.8 -0.39%
USD INR Spot: 83.1663 -0.04%.
India 10Y Bond yield: 7.38 0.20%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
IPCA Laboratories was the top gainer.
Laurus Labs was the top loser.
Earnings Update:
PNB Housing Finance: Net Profit: Rs. 383 cr 
45.9% YoY; Revenue: Rs. 1,777.8 cr 5.5% YoY.
News
BSE Limited surged 13% during the session and eventually settled with a gain of nearly 7% following the exchange’s announcement of revised transaction charges for trades in the equity derivatives segment, effective from November 1, 2023.
IPCA Laboratories surged 6%, reaching a 52-week high, following its receipt of a voluntary action indicated (VAI) classification for its Ratlam, Madhya Pradesh manufacturing facility from the USFDA.
Kotak Mahindra Bank announced that the RBI has given its nod for the appointment of Ashok Vaswani, a banker with over 35 years of experience, as the forthcoming MD and CEO of the bank.
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Nifty and Sensex closed nearly 1% lower, falling for the fifth day in a row. US futures are showing mixed trends.
Brent Crude: 88.5 0.49%
USD INR Spot: 83.1518 -0.06%.
India 10Y Bond yield: 7.341 -0.56%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Delta Corp was the top gainer.
Shriram Finance was the top loser.
Earnings Update:
Axis Bank: Net Profit: Rs. 5,863.6 cr 10% YoY; NII: Rs. 12,315 cr 18.9% YoY.
Jubilant Food: Net Profit: Rs. 72.1 cr 
39.5% YoY; Revenue: Rs. 1345 cr 4.5% YoY.
Tech Mahindra: Net Profit: Rs. 494 cr 61.6% YoY; Revenue: Rs. 12,864 cr 2% YoY.
News
The Union Cabinet approved Nutrient Based Subsidy (NBS) rates on Phosphatic and Potassic (P&K) fertilizers for the Rabi season 2023-24, with an outlay of Rs 22,303 crore, to ensure fertilizer availability to farmers.
As per data from real estate consultancy Knight Frank, the number of property registrations in Mumbai city increased 37.4% year on year to 4594 units during Navratri this year.
GMR Airports, along with its partners, is set to purchase an additional 11% stake in GMR Hyderabad International Airport from Malaysia Airports Holding Berhad’s division, taking their total stake to 74%. This deal is valued at 100 million dollars.
Benchmark indices snapped a six-day losing streak, rising by 1% on positive global cues. US futures too are trading higher.
Brent Crude: 89.42 1.69%
USD INR Spot: 83.2518 0.01%.
India 10Y Bond yield: 7.357 -0.12%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Shriram Finance was the top gainer.
Metropolis Healthcare was the top loser.
Earnings Update:
Cipla: Net Profit: Rs. 1131 cr 43.3% YoY; Revenue: Rs. 6,678 cr 14.6% YoY.
Dr. Reddy’s: Net Profit: Rs. 1480 cr 33% YoY; Revenue: Rs. 6,880 cr 9.1% YoY.
Maruti: Net Profit: Rs. 3,716.5 cr 80.3% YoY; Revenue: Rs. 37,062 cr 23.8% YoY.
M&M Finance: Net Profit: Rs. 235.2 cr 47.5% YoY; NII: Rs. 1,645.4 cr 8.5% YoY.
News
Bitcoin jumped 15% over the past week, reaching its highest point since May 2022, driven by optimism surrounding a Bitcoin ETF.
The Union Minister of State for Electronics & Technology announced that the Tata Group will produce Apple iPhones in India for local and international markets after acquiring Wistron InfoComm Manufacturing (India) for $125 million.
India’s foreign exchange reserves decreased to $583.53 billion as of October 20, down from $585.90 billion the previous week, according to RBI data.
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