Weekly Trading Diary: 25th to 29th April 2022

Tradingqna · April 24, 2022, 12:37pm

A thread for discussing all your trades, strategies, ideas, news, stories, etc.

Recap of what the markets were up to in the previous week:

Benchmark indices continued on the downward trajectory for second week running. Sensex ended the week down by 1142 points or around 2%. While Nifty slipped 304 points, around 1.7%.

On the sectoral front, the biggest sectors dragging the markets down were Nifty IT, Media and Banking sectors, all down between 3.4% - 5.6%.

Things were not different globally either. Here’s how the major indices around the world fared in week ended 22nd April.

Things to watch out for in the coming week

IPOs

Two IPOs will be hitting the street in the coming week. Campus Activewear and Rainbow Children’s Medicare Ltd.

Company	Period	Price	Lot Size	Issue Size
Campus Activewear	26th April 2022 to 28th April 2022	₹ 278 – 292	51 and in multiples thereof	₹ 1,400 crores
Rainbow Children’s Medicare	27th April to 29th April 2022	₹ 516 - 542	27 and in multiples thereof	₹ 1,595.6 crores

Corporate Earnings

25th April	26th April	27th April	28th April	29th April	30th April
Century Textiles	Atul Ltd.	Bajaj Auto	Ambuja Cements	Can Fin Homes	Yes Bank
Tata Investment Corp.	Bajaj Finance	Hindustan Unilever	Axis Bank	IndusInd Bank	IDFC First Bank
	Sanofi India	Indian Hotels Company	Bajaj Finserv	L&T Finance Holdings
	United Breweries	Persistent Systems	Bajaj Holdings	Maruti Suzuki
	Au Small Finance Bank	Trent	MphasiS	Tata Chemicals
	Nippon Life India Asset Management		P&G	UltraTech Cement
	HDFC Life Insurance Company	Indian Energy Exchange	Sterlite Technologies	Wipro
	UTI Asset Management Company	HDFC Asset Management Company	Varun Beverages	SBI Cards
	Aditya Birla Sun Life AMC		PNB Housing Finance
			Laurus labs
			SBI Life Insurance Company
			IndiaMART

Key economic events for the week

	26th April		27th April		28th April		29th April
US	Durable Goods Orders (MAR)	Eurozone	ECB President Lagarde to Speak	Japan	Retail Sales	India	Fiscal Deficit (MAR)
	Consumer Confidence (APR)	US	Pending Home Sales (MAR)		Industrial Production		Infrastructure Output (MAR)
	New Home Sales (MAR)		Crude Oil Inventories		BoJ Interest Rate Decision	China	Caixin Manufacturing PMI (APR)
					BoJ Monetary Policy Statement	Eurozone	CPI Inflation (APR)
					BoJ Outlook Report		GDP Estimates
				US	GDP Estimates
					Jobless Claims

What are you looking forward to in the coming week? Join the discussion below

Tradingqna · April 25, 2022, 12:35pm

Benchmark indices started off the week with a shaky start, tumbling more than 1% following weak global cues. US markets too look set for a weak opening.

Brent Crude: 102.56 -3.34%
USD INR Spot: 76.69 +0.27%
India 10Y Bond yield: 7.043 +1.73%

Apart from marginal gains in Nifty Bank index, all sectoral indices ended the day in negative territory. Nifty Realty index was the top loser, down by over 3.75%, followed by Metal and Energy sectors, down over 2.5% each.

Amongst the F&O stocks

Aditya Birla Capital was the top gainer.

Tata Communications was the top loser.

Earnings Update:

ICICI Bank: Net Profit: Rs. 7,019 cr 59% YoY; Net Interest Income: Rs. 12,605 cr 21% YoY.

Century Textiles: Net Profit: Rs 84.43 cr Loss of 9.81 cr YoY; Net Sales: Rs. 1,188 cr 44.87% YoY.

In the news

Borosil Renewables announced that its board approved buying of 100 percent stake of Interfloat Corporation and GMB Glasmanufaktur Brandenburg. Both the entities are engaged in the business of solar glass.

Shares of Future Group companies fell sharply, some as much as 20% after India’s biggest retailer Reliance called off its Rs. 24,713 crore deal with the group over the weekend, pushing its flagship Future Retail towards a possible bankruptcy process.

Vishakha Mulye, an ICICI Bank veteran, will take over as the chief executive of Aditya Birla Capital on June 1, as per the company announcement.

State-owned BHEL said it has received an order from NTPC for six electric locomotives to be used for the first time in the country for industrial application.

Bharat Petroleum Corporation Limited (BPCL) tumbled by more than 6% on Monday on reports that the government has put a pause on disinvestment of the company.

Around the World

Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil, a move that could further inflame surging global food inflation.

Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13% plunge, derailing the bourse’s tentative reopening after a two-week break aimed at forestalling a market collapse.

Chinese stocks slumped to the lowest in almost two years as Covid lockdowns spread to parts of Beijing. Fears about the economic toll of China’s strict Covid Zero policy intensified as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling.

Tradingqna · April 26, 2022, 12:42pm

Nifty and Sensex snapped their losing streak rallying around 1.4% owing to strong buying in realty and auto stocks. US futures are down, indicating a weak opening for US markets.

Brent Crude: 102.9 +0.43%
USD INR Spot: 76.58 -0.14%
India 10Y Bond yield: 7.056 +0.18%

All sectoral indices ended the day in green. Nifty Realty was the best performing sector, gaining by more than 3.5%, followed by Nifty Auto, Energy, and PSU indexes, all gaining over 2.3%.

Amongst the F&O stocks

Cholamandalam Investment and Finance was the top gainer.

Atul was the top loser.

Earnings Update:

HDFC Life: Net Profit: Rs 357.52 cr 12.44% YoY; Renewal Premium : Rs. 7,341.17 cr 15.6% YoY.

Atul Ltd.: Net Profit: Rs 136.3 cr 22% YoY; Net Sales: Rs. 1,370 cr 22.8% YoY.

In the news

Reliance signs shareholder agreement with TA’ZIZ for a $2bn investment. The TA’ZIZ EDC & PVC joint venture will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC), and Polyvinyl Chloride (PVC) production facility.

Biocon Biologics’s Arm on April 26 said it has been awarded a three-year contract worth $90 million by Malaysia’s ministry of health for its recombinant human insulin brand Insugen.

Defence PSUs Hindustan Aeronautics and Bharat Electronics signed a contract for co-development and co-production of long range dual band Infra-Red Search and Track System (IRST) for the Su-30 MKI fighter aircraft.

Around the World

Eleven days after he made an offer for Twitter, billionaire Elon Musk, on April 25th struck a deal to buy the microblogging platform for $44 billion.

China’s economy slowed rapidly in April as the costs of both a worsening Covid outbreak and the nation’s stringent approach to eliminating the virus took their toll.

Tradingqna · April 27, 2022, 1:01pm

Benchmark indices fell nearly 1% following a global sell-off sparked by the Russia-Ukraine war and rise in Covid-19 cases. Dow and Nasdaq futures indicate a good start for US markets.

Brent Crude: 105.4 0.02%
USD INR Spot: 76.5325 -0.06%
India 10Y Bond yield: 7.083 0.43%

On the sectoral front, except for the Nifty Media index, all other indices ended the day in the red. The top losers were Nifty Energy and Bank, both falling more than 1%.

Amongst the F&O stocks

Hero MotoCorp was the top gainer.

Bajaj Finance was the top loser.

Earnings Update:

Bajaj Finance : Net Profit: Rs 2420 cr 79.7% YoY; Net Interest Income : Rs. 6068 cr 30% YoY.

KPIT Tech : Net Profit: Rs 86.23 cr 107.82 % YoY; Net Sales: Rs 331.92.cr 39.89 % YoY.

HUL : Net Profit: Rs 2327 cr 8.58% YoY; Revenue: Rs. 13190 cr 10.4% YoY.

In the news

The retail industry has resumed its growth trajectory and is likely to witness 10% annual growth to reach approximately $2 trillion by 2032, According to a BCG-RAI report.

TVS Motor said it has entered into a strategic partnership with on-demand delivery and mobility platform, Rapido, for collaboration in areas of mutual interest and commercial mobility ecosystem.

Lupin Global enters into a strategic partnership with Chinese co Yabao Pharma, for drugs with Pediatric formulations in Chinese market

Consumer demand is showing signs of pickup after 2 years of slowing due to the pandemic and lockdowns, leading Indian companies to increase investments in 2022-23.

Shares of CARE Ratings tanked 14%, following the resignation of its managing director (MD) and chief executive officer (CEO) due to personal reasons.

Bharti Airtel has acquired around 7% stake in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program.

Around the World

Gazprom halts gas flows to Poland and Bulgaria and will keep the supplies turned off until the two countries agree to Moscow’s demand to pay for the fuel in rubles

The euro dropped to its weakest since 2017 on Wednesday as investors increasingly concerned about the global growth and inflation outlook snapped up dollars, while a mixed bag of corporate earnings sent stock markets lower again.

The dollar index has risen 4.3% in April and is on track to have its best month since January 2015, boosted by rising expectations for the Federal Reserve to hike interest rates aggressively in the coming months and a relatively better economy compared to the EU, China and Japan.

Australian consumer prices surged at the fastest annual pace in two decades last quarter as petrol, home building, and food costs all climbed, fueling speculation interest rates could rise from record lows as soon as next week.

Tradingqna · April 28, 2022, 12:43pm

Nifty and Sensex rallied over 1.2%, following the rebound in global markets. Dow and Nasdaq futures are on a rise, signaling a positive start for US markets.

Brent Crude: 104.58 -0.58%
USD INR Spot: 76.48 0.07%
India 10Y Bond yield: 7.154 1.00%

Nifty FMCG was the leading gainer, up around 2.2%, followed by Nifty Energy, Bank, and IT, each climbing more than 1%. Nifty Media was the sole loser for the day, down 3.15%.

Amongst the F&O stocks

Coromandel International was the top gainer.

Dr Lal Path Labs was the top loser.

Earnings Update:

Bajaj Finserv: Net Profit: Rs 1,346 cr 37.48% YoY; Net Revenue : Rs. cr 18,862 22.58% YoY.

Coromandel Intl.: Net Profit: Rs 289 cr 84.85% YoY; Revenue: Rs 4,226.8 cr 49.6% YoY.

SBI Life: Net Profit: Rs 672.15 26% YoY; Net premium income : Rs. 17,433.77 cr 12% YoY.

Bajaj Auto: Net Profit: Rs 1,526 cr 1.6% YoY; Revenue: Rs. 7,975 cr 7.2% YoY.

Vedanta: Net Profit: Rs 7,261 cr 4.8% YoY; Revenue: Rs.39,342 cr 41.1% YoY.

Axis Bank: Net Profit: Rs 4,118 cr 54% YoY; Net Interest Income: Rs. 8,819 cr 17% YoY.

In the news

Reliance and Viacom18 have partnered with Bodhi Tree Systems, an investment platform run by James Murdoch’s Lupa Systems and Uday Shankar. This led in a 13,500 crore investment in Viacom18, giving it nearly 40% of the company as it aims to build India’s leading entertainment platform.

India’s gold demand declined 18% to 135.5 tonnes in the first three months of this year, mainly due to a sharp rise in prices, according to the World Gold Council. The demand stood at 165.8 tonnes in the first three months of 2021.

Bharat Heavy Electricals (BHEL) has inked a pact with GE Power Conversion for the development of integrated electric propulsion systems for the Indian Navy.

Around the World

Gold prices weakened on Thursday to a two-month low as an elevated dollar hurt demand for greenback-priced bullion, while an impending U.S. interest rate hike also dampened the metal’s appeal as an inflation hedge.

Japanese yen weakens beyond 130 per dollar for the first time since 2002 as The Bank of Japan defies a global shift towards higher interest rates and vowing to keep bond yields at zero.

ShubhS9 · April 29, 2022, 1:08pm

Benchmark indices tumbled from day’s highs in a volatile last hour of trading, closing down by around 0.8%. Dow and Nasdaq futures indicate a weak opening for US markets.

Brent Crude: 108.69 +1.23%

USD INR Spot: 76.425 -0.07%

India 10Y Bond yield: 7.14 -0.21%

On the sectoral front, all the indexes ended the day in the red. Nifty Media was the top loser, down by 2.87%, followed by Nifty Energy and PSU Bank, both down by over 1.5% each.

Amongst the F&O stocks

Shriram Transport Finance was the top gainer.

Can Fin Homes was the top loser.

Earnings

Maruti Suzuki: Net Profit: Rs 1,876 cr 51% YoY; Revenue: Rs 26,749 cr 11% YoY.

Ultratech Cement: Net Profit: Rs 2,620 cr 47.61% YoY; Revenue: Rs 15,767 cr 9.45% YoY.

Wipro: Net Profit: Rs 3,087 cr 3.87% YoY; Revenue: Rs. 20,860 cr 28.4% YoY.

In the news

Hero Electric clocked zero dispatches to dealers in April, as the ongoing global chip shortage stalled production of its electric scooters.

Healthy economic activity and budgetary support from the government would lift the bank credit growth by 200-300 basis points to 11-12% in the current fiscal (FY23), according to CRISIL.

Housing sales jumped nearly 13% QoQ to more than 70,000 units in Q1 2022 and sales rebounded significantly by approximately 40% YoY according to a CBRE report.

IRDAI permits insurance companies to have exposure to financial & insurance activities up to 30%, IRDAI says a limit of 25% of investment assets stands revised to a limit of 30% of investment assets.

Around the World

US economic growth fell 1.4% annualized in the first quarter of 2022 as the Omicron variant of COVID-19 and tapering of government spending hit consumers and businesses, government data said Thursday.

The Russian Central bank cut its key interest rate to 14% from 17% as it looks to mitigate the impact of international economic sanctions. Russian inflation reached 17.6% as of April 22 and the central bank said it expects annual inflation of between 18% and 23% this year.

Sri Lanka’s inflation rate accelerates to an unprecedented level of 30% in April, making it almost certain the central bank will raise rates again to meet conditions for an IMF bailout.