Weekly Trading Diary: 26th to 30th December 2022

Tradingqna · December 25, 2022, 12:52pm

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

We’re in the final week of 2022 already. And this has been one eventful year. How has it been for you? Do share below.

A quick look at how the markets performed in the week gone by;

It’s been a tough few weeks for markets and the last was no different. Benchmark indices saw a sharp sell-off on Friday with Nifty falling below the 18k mark and Sensex 60k. For the week, both indices shed well over 2% each.

The MidCap 150 and SmallCap 250 saw some more pain, falling over 5% and around 8% in the week ended 23rd December.

On the sectoral front, apart from Pharma, all other sectoral indices ended the week in the red. Nifty PSU Bank was the worst performer, plunging over 10%.

And here’s how the major global indices fared:

Things to watch out for in the coming week;

Nothing much to look forward to in the final week of the year other than a few economic data releases in Japan the US and India.

26th December		27th December		28th December		29th December		30th December
	Japan	Retail Sales	Japan	Industrial Production (NOV)	US	Jobless Claims	India	Fiscal Deficit
			US	Pending Home Sales (NOV)		Crude Oil Inventories		Infrastructure Output (NOV)

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

arun_T · December 25, 2022, 5:42pm

tough for an investor not for trader. An investor’s diary is different from a trader’s diary

Tradingqna · December 26, 2022, 12:46pm

Benchmark indices gained over 1.1%, snapping a four-day losing streak. Nifty reclaimed the 18k mark while Sensex closed well over 60k.

Brent Crude: 84.49 2.70%
USD INR Spot: 82.65 -0.25%
India 10Y Bond yield: 7.322 0.05%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Punjab National Bank was the top gainer.

Dr. Lal Path Labs was the top loser.

News

Consumer credit card spending fell 12% in November, with an average of Rs. 14,280, compared to Rs.16,343 in October, as the festive season came to an end. Credit card spending remains above Rs. 1 lakh crore for the ninth consecutive month: RBI

Global private-equity firm Advent International will acquire an estimated 51% stake in Suven Pharmaceuticals from promoters at an overall Rs. 12,600 crore market valuation.

L&T rose nearly 1.5% after the company said it secured significant orders worth Rs. 1,000 crores to Rs. 2,500 crores for its water and effluent treatment business from the Tumakuru Industrial Township.

Power Mech Projects announced that it has bagged three projects worth Rs. 1,034.13 crore, including an Rs. 608 crore order from the Adani Group for the execution of retrofitting of flue gas desulphurization system for thermal power plants.

Toyota Motor Corp’s global vehicle production rose 1.5% in November, reaching a new high of 833,104 vehicles. Domestic production fell by 3.3% to 266,174 vehicles, while overseas output grew 3.8% to an all-time high of 566,930 vehicles.

Tradingqna · December 27, 2022, 1:04pm

Benchmark indexes recovered from day’s lows to close higher by over half a percent. Futures on Dow and Nasdaq indicate a good start for US markets.

Brent Crude: 85.25 0.90%
USD INR Spot: 82.8475 0.24%
India 10Y Bond yield: 7.308 -0.15%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Jindal Steel & Power was the top gainer.

Amara Raja Batteries was the top loser.

News

As per the Finance Ministry report, the total liabilities of the government rose by 1% QoQ to Rs. 147.19 lakh crore in September from Rs. 145.72 lakh crore at the end of June this fiscal year.

The Central Government is planning an Rs. 18,000 Crore incentive scheme for the green hydrogen industry in a bid to cut emissions and become a major export player in the field with an aim to reduce the production cost of green hydrogen by a fifth over the next five years: Reuters

India’s housing sales in seven major cities touched an all-time high in 2022 crossing 2014 sales with a total of 3.65 lakh units, up by 54% YoY on the back of strong demand for residential properties despite a hike in mortgage rates, according to a report by Anarock.

Profits at China’s industrial firms in January-November fell 3.6% YoY, after contracting 3.0% in the first 10 months on account of waning demand caused by COVID lockdowns and weakness in the real estate sector.

Brent crude oil surged to a three-week high breaching $85 per barrel after China announced the latest easing of COVID-19 restrictions spurring hopes of demand recovery while further support came from U.S. energy production cuts caused by winter storms.

Tradingqna · December 28, 2022, 1:15pm

Nifty and Sensex gave up their gains and closed flat following weak global cues. Dow and Nasdaq futures point to a positive opening for US markets.

Brent Crude: 84.53 -0.54%
USD INR Spot: 82.8575 0.01%
India 10Y Bond yield: 7.315 0.10%

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.

Amara Raja Batteries was the top loser.

News

India’s largest mattress manufacturer Sheela Foam is planning to acquire competitor Kurlon for Rs 2,000 crore to further expand its footprint to more than 50% in India’s organized mattress space, which is worth 15,000 crores to Rs. 17,000 crores: ET Now report

Scheduled commercial banks’ balance sheets saw double-digit growth after a seven-year gap, with growth rates hitting 10-year highs in the first half of the current fiscal. Their capital position and asset quality both improved: RBI annual report on Banking trends and growth in India.

India Pesticides rose 9% in an otherwise weak market after its subsidiary got environmental approval to build “agrochemicals & intermediates, active pharmaceutical ingredients & intermediates, and fine chemicals manufacturing unit” in Uttar Pradesh.

India’s basmati and non-basmati rice exports were up by 7.37% YoY to 126.97 lakh tonnes during the April-October period of the current fiscal, despite restrictions on the shipments, according to data from All India Exporters Association.

As a retaliatory step, Russia announced banning oil sales to countries and companies that comply with a price cap agreed upon by Western nations earlier this month that prohibits countries from paying more than $60 per barrel of Russian oil.

Tradingqna · December 29, 2022, 1:14pm

Nifty and Sensex rebounded from day’s lows in the last hour to close positive, up nearly 0.4%. US markets look set for a good opening as futures trade higher.

Brent Crude: 83.17 -0.73%
USD INR Spot: 82.7975 -0.07%
India 10Y Bond yield: 7.311 -0.04%

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 Finance was the top loser.

News

India’s current account deficit hit an all-time high of $36.4bn in July - September. This is more than four times what it was in the second quarter of FY22 and more than double the $18.2bn reported in April-June: RBI

As per reports, Bharti Airtel is planning to soon list its profitable fintech arm Airtel Payments Bank in the near future to monetize its digital service offerings.

The FTA between India and Australia, which starts today would help trade value worth $23bn become duty-free from day one, accounting for 93% of total merchandise trade in 2021-22, boosting bilateral trade in goods and services to $70bn in the next 5 years: GTRI

Petronas, Sembcorp Industries, and JSW Neo Energy are in talks to acquire Continuum Green Energy India for $1.5 billion. The companies may make non-binding bids for the deal next month, which is estimated to have an equity value of around $600mn.

Venture capital funding for Indian startups fell nearly 30% in 2022, compared to record highs in 2021, due to turmoil in the tech sector impacting late-stage fundraising. India’s new-age firms raised $23.95bn across all stages as of December 28, compared to $35.46bn in 2021.

India’s 5G smartphone shipments are expected to surpass 4G shipments by the end of next year, with 5G device share in the Rs. 20,000 price range rising to 30% from 4% YoY in 2023: Counterpoint.

European natural gas prices have dropped below pre-war levels last seen in February, as warmer weather has helped manage demand and inventory levels.

Tradingqna · December 30, 2022, 1:47pm

Benchmark indexes fell in the final hours, losing nearly 0.5% to end the year 2022’s last trading day in red. Dow and Nasdaq futures point to a negative opening for US markets.

Brent Crude: 83.29 -0.44%
USD INR Spot: 82.72 -0.09%
India 10Y Bond yield: 7.328 0.23%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Shriram Finance was the top gainer.

Sbi Life Insurance Company was the top loser.

News

Lotus Chocolate shares rose 5% after Reliance Consumer Products, a subsidiary of Reliance Retail, announced the acquisition of a 51% stake from promoter group companies for Rs.113 per share for Rs. 74 crores.

The Central government’s fiscal deficit touched 58.9% of the full-year budget to Rs. 9.78 lakh crore in the April-November period, accounting for 58.9 percent of the full-year target. The fiscal deficit in the first eight months of the last financial year was 46.2% of last year’s target.

Shriram Finance rose 5.24% after securing long-term funding of $100 million from the Asian Development Bank (ADB) to offer loans for the purchase of new and used vehicles throughout India, with a focus on underdeveloped states.

HG Infra Engineering soared 7% on receiving the Letter of Award from the National Highways Authority of India for the Hybrid Annuity Mode project in the state of Haryana.

Indonesia is tightening export regulations for palm oil starting on January 1 by allowing companies to ship 6 times their domestic sales volume rather than the current ratio of 8 times.