Weekly Trading Diary: 24th to 28th October 2022

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 posted strong gains in the week ended 21st October with Nifty surging by 2.27% and Sensex by around 2.4%.

On the sectoral front, all sectoral indices apart from the Nifty Media and Metal index closed the week in green, with the Nifty PSU Bank index surging nearly 11%.

Globally, US markets rebounded strongly after posting losses in the week ending 14th October. Asian markets, however, continued to remain weak, ending in red for another week.

Things to watch out for in the coming week;


24th October 25th October 26th October 27th October 28th October 29th October
Dabur India Indus Towers Dr. Reddy’s Laboratories IOC Ltd.
Crompton Greaves REC Ltd. Maruti Suzuki NTPC Ltd.
Gland Pharma Tata Chemicals Ltd. Vedanta Ltd.
PNB Housing Finance Tata Power
SBI Cards Bandhan Bank

Key economic events

24th October 25th October 26th October 27th October 28th October
Japan Services PMI (OCT) US CB Consumer Confidence China GDP Growth (Q3) Eurozone ECB Interest Rate Decision Japan BOJ Interest Rate Decision
Eurozone Services PMI (OCT) Industrial Production (SEP) ECB Monetary Policy Statement BOJ Outlook Report
Markit Composite PMI (OCT) US Home Sales (SEP) US GDP Growth (Q3)
UK Manufacturing PMI (OCT) Crude Oil Inventories Jobless Claims
Services PMI (OCT)
Composite PMI (OCT)
US Services PMI (OCT)
Manufacturing PMI (OCT)
Markit Composite PMI (OCT)
1 Like

Benchmark indexes closed lower, falling nearly 0.5%, following a mixed trend in global markets. Futures on Dow and Nasdaq indicate a negative start for US markets.

:oil_drum:Brent Crude: 90.06 -1.47%
:heavy_dollar_sign:USD INR Spot: 82.725 0.06%
:scroll:India 10Y Bond yield: 7.442 -0.92%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: MCX was the top gainer.

:chart_with_downwards_trend: Laurus Labs was the top loser.

:newspaper: In the news

According to Colliers report, Industrial & warehousing demand grew 9% YoY in the first 9 months of CY 2022 and total gross absorption stood at 17.5 million square ft across the top five cities in India.

Despite global recessionary concerns, Embassy Office Parks REIT will invest around Rs. 2,200 crore in the next four years to develop premium workspaces as it sees tremendous growth potential in the office market according to its CEO Vikaash Khdloya.

Jakson Green has signed a MOU to invest Rs. 22,400 crore by setting up 3,65,000 tons per annum Green Hydrogen & Green Ammonia plant along with an integrated hybrid renewable power complex in a phase wise manner in Rajasthan.

As per Bloomberg, China’s broad fiscal deficit hit an all-time high of $980 billion in the first nine months of the year and is almost 3 times more YoY as Covid outbreaks and a housing market slump continue to erode government income.

The Chinese economy performed better than expectations growing at 3.9% in July to September quarter. The GDP growth however remains below the official target of 5.5% for 2022 as the economy continued to battle disruptions from lockdowns as a result of the zero-Covid policy.

Benchmark indices recovered from intraday lows to close the session up by around half a percent. The US markets look likely for a mixed opening.

:oil_drum:Brent Crude: 94.02 -0.10%

:heavy_dollar_sign:USD INR Spot: 82.49 -0.28%

:scroll:India 10Y Bond yield: 7.413 -0.39%

Nifty 50 market breadth today;

Sectoral performance;

More stats at stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: RBLBANK was the top gainer.

:chart_with_downwards_trend: MphasiS was the top loser.

:page_with_curl: Earnings Update:

BEL: Net Profit: Rs. 623.7 cr :arrow_down: 0.11% YoY; Revenue: Rs. 3,961.6 cr :arrow_up: 7.7% YoY.

REC: Net Profit: Rs. 2,732 cr :arrow_up: 1.5% YoY; Revenue: Rs. 9,956 cr :arrow_down: 1% YoY.

Tata Chemicals: Net Profit: Rs. 680 cr :arrow_up: 153.7% YoY; Revenue: Rs. 4,239 cr :arrow_up: 40.3% YoY.

PNB Housing Finance: Net Profit: Rs. 266.6 cr :arrow_up: 11.7% YoY; NII: Rs. 633.7cr :arrow_up: 36.2% YoY.

Latent View Analytics: Net Profit: Rs. 37.2 cr :arrow_up: 71.7% YoY; Revenue: Rs. 132.4 cr :arrow_up:39.7% YoY.

:newspaper: News

India’s total oil imports in Sep fell to a 14-month low of 3.91 million barrels per day, down 5.6% YoY. Russia’s share of India’s oil imports surged to an all-time high of 23% from 19% the previous month while that of the Middle East declined to 56.4% from 59%.

As per the Commodity Markets Outlook report by the World Bank,” Energy prices are expected to fall by 11% in 2023 and 12% in 2024 due to global growth slowdown, however, prices are expected to remain more than 50% above their five-year average through 2024.

Dabur India surged 3.54% after acquiring a 51% stake in Badshah Masala for Rs. 587.5 crores with the balance 49% stake to be acquired after 5 years.

SAIL said it has become the first CPSE to achieve the milestone of doing procurement worth Rs. 10,000 crores through the Government-e-Marketplace (GeM) since the inception of the portal.

Nifty and Sensex closed marginally higher in a volatile session. Ending the week up by over 1%.

:oil_drum:Brent Crude: 94.5 -0.16%
:heavy_dollar_sign:USD INR Spot: 82.47 -0.02%
:scroll:India 10Y Bond yield: 7.418 0.08%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Maruti Suzuki was the top gainer.

:chart_with_downwards_trend: Balram Chini was the top loser.

Earnings Update:

Vedanta: Net Profit: Rs. 2,690 cr :arrow_down: 53.7% YoY; Revenue: Rs. 36,237 cr :arrow_up: 20.6% YoY.

Dr.Reddy’s: Net Profit: Rs. 1,114 cr :arrow_up: 12% YoY; Revenue: Rs. 6,332 cr :arrow_up: 9.4% YoY.

Tata Power: Net Profit: Rs. 935.2 cr :arrow_up: 84.9% YoY; Revenue: Rs. 14,030.7 cr :arrow_up: 43% YoY.

Maruti Suzuki: Net Profit: Rs. 2,061.5 cr :arrow_up: Profit of 475.3 cr YoY; Revenue: Rs. 29,931 cr :arrow_up: 45.7% YoY.


Worldwide smartphone shipments declined 9.7% YoY to 301.9 million units in the third quarter of 2022 (3Q22), Apple is the only top 5 smartphone company to register positive growth of 1.6% at 51.9 million shipments in Q3: IDC

According to the Government data, Wheat has been sown on 54,000 hectares so far in the current rabi (winter) season of the 2022–23 crop year, which is an increase of 59% over 34,000 hectares in the comparable period last year.

Apple India’s consolidated revenue touched an all-time high of Rs. 33,381 crore up nearly 45% YoY and Net profit rose 3% to Rs. 1263 crore in FY22, on the back of strong demand for its premium smartphones.

The ECB raised the interest rates by 75 bps to 1.5%, taking them to their highest rate since 2009 with the ECB President Christine Lagarde noting that while the Ukraine war and other global uncertainties meant the euro area economy faced a number of risks to the downside, inflation risks were skewed upwards.

The US economy rebounded in the third quarter, expanding for the first time this year as the GDP rose at an annual rate of 2.6% in the July to September period, according to the latest Commerce Department data.

Exxon Mobil announced record net profit of $19.66 billion and had more than 100% growth in revenue worth $112.07 billion during the quarter.