Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Here’s how the market fared in the week gone by;
Things to look forward to in the coming week:
Economic events
|
27th November |
|
28th November |
|
29th November |
|
30th November |
|
1st December |
| US |
Building Permits |
US |
Consumer Confidence (November) |
US |
GDP Growth (Q3 CY23) |
India |
GDP Growth (Q2 FY24) |
India |
Manufacturing PMI (November) |
|
Home Sales (October) |
|
|
|
Crude Oil Inventories |
Japan |
Industrial Production (October) |
US |
Manufacturing PMI (November) |
|
|
|
|
|
|
China |
Non-Manufacturing PMI (November) |
|
|
|
|
|
|
|
|
|
Manufacturing PMI (November) |
|
|
|
|
|
|
|
|
Eurozone |
CPI Inflation (November) |
|
|
|
|
|
|
|
|
US |
Jobless Claims |
|
|
1 Like
Nifty and Sensex ended a two-day losing streak by closing higher, gaining in the final hour. US futures are trading slightly lower.
Brent Crude: 80.6 0.91%
USD INR Spot: 83.3926 0.03%.
India 10Y Bond yield: 7.276 0.06%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Indian Oil Corporation was the top gainer.
Granules India was the top loser.
News
The RBI has imposed penalties totaling Rs 71.4 crore in 56 cases in 2023, enhancing its oversight of banks, non-banking finance companies, and other entities. This is a significant increase from the Rs 26 crore in fines across 34 cases for the entire previous year.
Foxconn, also known as Hon Hai Precision Industry Company, plans to invest $1.6 billion in new construction projects, according to Taiwan exchange filings. The company, known for manufacturing iPhones for Apple, has not specified the locations or purposes of these facilities.
Vodafone Idea may not meet its December funding deadline, with negotiations ongoing with potential investors. The company aims to secure the deal within the current quarter and is in talks with the US Export-Import Bank to finance 5G equipment purchases.
1 Like
Benchmark indices rose over 1%, driven by positive global cues, with Nifty reclaiming the 20,000 mark. Dow and Nasdaq futures point to a good opening.
Brent Crude: 82.4 1.15%
USD INR Spot: 83.3191 -0.09%.
India 10Y Bond yield: 7.251 -0.30%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
BHEL was the top gainer.
Aditya Birla Fashion and Retail was the top loser.
News
Indian financial institutions are mandated to register with the Citizen Financial Cyber Fraud Reporting and Management System. So far, 259 out of 800 have registered with this cybercrime prevention tool, and they’re also advised to strengthen fraud management and due diligence.
Tata Advanced Systems has launched a Bengaluru facility to build high-resolution satellites for Indian armed forces’ border surveillance. The site includes a ground station for satellite control and imagery processing, aiding in infrastructure monitoring and military targeting.
Crude oil prices rallied before the OPEC meeting on November 30, discussing 2024 supply cuts. Brent crude settled at $81.68, up 2%, while WTI closed at $76.41 on November 28.
2 Likes
Benchmark indices finished marginally higher, rallying in the final hours of a volatile session. Dow and Nasdaq futures are trading higher.
Brent Crude: 83.57 0.83%
USD INR Spot: 83.35 0.04%.
India 10Y Bond yield: 7.281 0.40%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
India Cements was the top gainer.
Tata Power Company was the top loser.
News
India’s economy grew by 7.6% in the July-September quarter year-on-year, slightly down from the 7.8% growth seen in the previous quarter, according to recent government data.
Kesoram Industries Ltd. is set to merge its cement business with UltraTech Cement Ltd. for Rs 5,379 crore, aiming to enhance value and reduce debt. UltraTech’s board approved the arrangement, as stated in their exchange filings.
State Bank of India seized two key Delhi properties from PC Jeweller due to a default exceeding Rs 3,466 crore, causing major disruptions and a sharp decline in their Q2 revenues for FY2024.
Tata Technologies and Gandhar Oil Refinery witnessed strong openings in the secondary markets, with Tata’s stock doubling and Gandhar debuting at a 76.33% premium. Fedbank Financial Services also picked up pace after a subdued start.
Delta Corporation is entering real estate with Peninsula Land, investing Rs 99.99 crore for equity shares and CCDs. They’ll launch a Rs 250 crore joint venture, with Delta as the primary shareholder.
Benchmark indices ended the trading session on a positive note, with Nifty reaching an all-time high, driven by positive global cues. US futures are trading lower.
Brent Crude: 80.87 0.01%
USD INR Spot: 83.3602 0.01%.
India 10Y Bond yield: 7.291 0.16%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Power Finance Corp was the top gainer.
Ashok Leyland was the top loser.
News
India’s power consumption in November surged by approximately 8.5% to 119.64 billion units, reflecting heightened electricity demand amid festive seasons and economic growth, compared to 110.25 billion units in the same period last year and 99.32 billion units in November 2021.
November saw a 15% year-on-year increase in GST collections, reaching Rs 1.68 lakh crore, as reported by the Ministry of Finance. Despite being 2% lower than October’s Rs 1.72 lakh crore, this marks the ninth consecutive month of collections surpassing Rs 1.5 lakh crore.
JSW Group will own 35% in a new joint venture with SAIC Motor, operator of MG Motor India, focusing on electric vehicles. JSW aims for a majority stake within two years, with further ownership details pending, to help transform MG Motor’s India operations.
State-run non-bank finance company REC announced a significant milestone, disbursing over Rs 1 lakh crore in loans from April-November this fiscal, a substantial increase from Rs 46,075 crore in the same period last year, as per their regulatory filing.
