Weekly Trading Diary: 28th March to 1st April 2022

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

A quick recap of market performance in the week gone by;

Nifty and Sensex took a breather last week bringing two week rally to an halt, which saw markets gain over 6.5%. For the week, both indices ended marginally lower with Sensex dropping 0.9% and Nifty, 0.8%.

Here’s how major sectors fared over the past week;

A look at performance of major global indices in the week ended March 25.

Things to watch out for in the coming week:

After Ruchi Soya FPO kicked-off action in primary markets two more issues will be open for subscription. That of Uma Exports and Verenda Learning Solutions. Details below :point_down:

Date Price Band Min. Quantity Issue Size
Uma Exports 28 - 30 March Rs. 65 - 68 220 Rs. 60 crores
Verenda Learning Solutions 29 - 31 March Rs. 130 - 137 100 Rs. 200 crores

Key economic events for the week;

28 Mar 29 Mar 30 Mar 31 Mar 1 Apr
US Consumer Confidence (MAR) Japan Retail Sales (FEB) India Fiscal Deficit (FEB) India Auto Sales (MAR)
Job Openings (FEB) US Nonfarm Employment (MAR) Industrial Output (FEB) Eurozone Manufacturing PMI (MAR)
GDP Estimates Japan Industrial Production (FEB) CPI Inflation (MAR)
China Manufacturing PMI (MAR) US Nonfarm Payrolls (MAR)
Chinese Composite PMI (MAR) ISM Manufacturing PMI (MAR)
Britain GDP Estimates
Eurozone Unemployment Rate (FEB)
US Jobless Claims
Personal Spending (FEB)

What are you looking forward to in the coming week? Share below :point_down:


Nifty and Sensex ended the day 0.40% higher, snapping a three-day losing streak, following a drop in crude oil prices. US stock market looks to be off to a good start as well.

:oil_drum: Brent Crude: 115.18 -3.40%
:heavy_dollar_sign: USD INR Spot: 76.15 -0.06%
:scroll: India 10Y Bond yield: 6.839 +0.41%

Almost all sectoral indices ended the day in positive territory. Nifty PSU Bank gained the most, rising 1.22%. Nifty Pharma and IT indices were the worst performers, both losing roughly 0.35%.

Amongst the F&O stocks

:chart_with_upwards_trend: GNFC was the top gainer.

:chart_with_downwards_trend: Escorts was the top loser.

:newspaper: In the news

GAIL India shares shot up more than 3% as the board of the state-run gas and utility player is set to consider share buyback on March 31, marking the second such move in as many years.

Around 800 basic medicines will see price hikes starting April as the govt has approved a 10% hike for the scheduled drugs. The country’s drug price body, NPPA, announced a 10.7% rise in the WPI for calendar year 2021 over the same time in 2020.

Shares of PVR and INOX hit 52 week highs as the board of directors of both companies on Sunday approved an all-stock amalgamation of INOX with PVR at their respective meetings.

Motherson Sumi Wiring India, the demerged entity of Motherson Sumi Systems, made its debut on the bourses on Monday, with the scrip rising as much as 5%.

FPO of Ruchi Soya was subscribed 3.6 times on the final day of bidding. The company received bids for 17.56 crore equity shares against the issue size of 4.89 crore equity shares.

:earth_americas: Around the World

The Bank of Japan on Monday offered to buy unlimited amounts of 10-year Japanese government bonds (JGBs) at 0.25%, stepping into the market to defend its implicit yield cap for the second time this year.

Chinese stocks fell as a lockdown in Shanghai to combat a virus flare up raised worries over disruptions to business operations and the toll on economic growth

The steepest global bond rout of the modern era extended Monday with Australian shorter-maturity yields climbing to the highest levels in more than seven years.


Benchmark indices gained for the second day in a row, following gains in global markets and peace talks between Russia and Ukraine. US markets look set for a good start.

:oil_drum: Brent Crude: 106.85 -2.41%
:heavy_dollar_sign: USD INR Spot: 75.98 -0.23%
:scroll: India 10Y Bond yield: 6.824 -0.18%

Nifty Pharma index was the best performer, rising more than 1.5%. Nifty Media and PSU Bank were the worst performers, down 1.22% and 0.83%, respectively.

Amongst the F&O stocks

:chart_with_upwards_trend: JK Cement was the top gainer.
:chart_with_downwards_trend: Hero MotoCorp was the top loser.

:newspaper: In the news

India’s GDP growth may be the fastest in the Asia-Pacific region for the year ending March 2023. The rating agency retained its 7.8% GDP growth forecast for India in FY23. GDP growth in Asia-Pacific countries is expected to be 5.1% in 2022 and about 4.5% in 2023-2025: S&P Global.

India has contracted 45,000 tonnes of Russian sunflower oil at a record high price for shipments in April as edible oil prices in the local market surged after supplies from rival Ukraine stopped because of the war, five industry officials told Reuters.

Tata Motors said the cost of battery cells had increased by around 20% because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term

Engineers India bags order from Bharat Oman Refineries for consultancy services for green hydrogen plant at Bina refinery.

:earth_americas: Around the World

Vietnam’s economic growth slowed and eased to 5% in the first quarter as coronavirus outbreaks and rising oil prices hinder the recovery of industries and businesses

The ruble is rebounding from the steep losses and is back below 90 levels against US Dollar for the first time since Russia’s invasion of Ukraine, signaling that capital controls may be easing pressure on the currency.

President Joe Biden released a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police, and greater funding for education, public health, and housing.


Good Morning folks

With Nifty slated to have a gap up (as per sgx) due to positive news on the Russia Ukraine war front.

The idea that seems to be a consensus currently is gap up can be sold into massively. Although, nothing is impossible in markets, I feel we are still struck in the 17000-17500 range like last week and market is gonna try to breach that upper end. but still no trade on nifty as Risk reward isnt attractive enough

NAV Management should also happen me thinks. maybe the most practical way to play this is to focus on small n midcaps for the next couple of days

1 Like

Nifty and Sensex climbed more than 1% as the global market gained after Russia promised to ease military activities. Futures on Dow and Nasdaq indicate a poor start for US markets.

:oil_drum: Brent Crude: 110.16 +2.27%
:heavy_dollar_sign: USD INR Spot: 75.91 +0.30%
:scroll: India 10Y Bond yield: 6.784 -0.54%

Almost all sectoral indicators made gains today. Nifty Media index rose the highest, up 2.28%. Nifty Energy and Pharma indices ended the day flat, dropping around 0.19%, while Nifty Metal indices was the worst performer, losing 2.17%.

Amongst the F&O stocks

:chart_with_upwards_trend: Godrej Consumer Products was the top gainer.
:chart_with_downwards_trend: ONGC was the top loser.

:newspaper: In the news

Axis Bank, the third largest private sector lender in the country, will buy the consumer banking business of Citi in a deal valued at $1.6 billion.

FPI flows in India may remain tepid in 2022, said a recent note by Goldman Sachs, who now peg the foreign portfolio investment into India at $5 billion in 2022, down from their earlier forecast of $30 billion.

Tata Consumer is set to demerge Tata Coffee’s plantation operations into a subsidiary and merge Tata Coffee’s operations ex-plantation business with Tata Consumer.

:earth_americas: Around the World

German government’s council of economic advisers more than halved its growth forecast for Europe’s largest economy on Wednesday and flagged a “substantial” recession risk as a result of Russia’s invasion of Ukraine.

Europe is facing slower growth and higher inflation as the war in Ukraine is draining confidence and pushing up energy prices, European Central Bank President Christine Lagarde said on Wednesday.

Sri Lankan shares fell more than 7% on Wednesday, prompting the Colombo Stock Exchange to halt trading twice, as worries over the economic crisis deepened and power cuts rippled across the country.

So far so good. Nifty is above 17500 and is trying to breach this range.

Doing well

Benchmark indices ended a choppy session slightly lower following weakness in global cues, snapping 3-day winning streak. US markets look set for a mixed opening.

:oil_drum: Brent Crude: 105.46 -6.32%
:heavy_dollar_sign: USD INR Spot: 75.78 -0.16%
:scroll: India 10Y Bond yield: 6.843 +0.87%

On the sectoral front, Nifty Pharma index was the top dragger, down by 1.17%. FMCG was the best performer, surging 1.2%.

Amongst the F&O stocks

:chart_with_upwards_trend: Hindustan Aeronautics was the top gainer.

:chart_with_downwards_trend: Hindalco Industries was the top loser.

:newspaper: In the news

India’s external debt rose by $11.5 billion in October-December 2021, to $614.9 billion at the end of the quarter. However, as a % of the GDP, the external debt declined slightly to 20% from 20.3% as at the end of September 2021: Ministry of Finance

The ongoing war in Ukraine, which is the world’s largest sunflower grower, is likely to result in at least 25% or 4-6 lakh tonnes shortage of crude sunflower oil supplies in India next fiscal year, showed a report.

State-run GAIL will buy back shares at Rs 190 each, a 24% premium to Wednesday’s closing price. GAIL plans to spend a total of Rs. 1,083 crore, excluding taxes, on the repurchase of 5.7 crore shares, representing 2.5% of the company’s paid-up capital and free reserves as of March 31, 2021.

Hindustan Zinc to invest Rs. 3,500 cr in renewable power via special purpose vehicle & to hold 26% stake in SPV for renewable power

Housing sales increased by 7% YoY to 70,623 units during January-March across eight major cities on better demand driven by very low-interest rates on home loans, while prices appreciated by an average of 7%, according to real estate consultancy firm PropTiger.

Private equity firm Bain Capital will acquire a 24.98% equity stake in IIFL Wealth Management for nearly Rs 3,700 crore.

:earth_americas: Around the World

Britain’s economy grew more quickly than previously thought. The GDP in the world’s fifth-biggest economy increased by 1.3% in the fourth quarter from the previous three-month period.

French inflation accelerated more than expected, reflecting the economic repercussions of Russia’s invasion of Ukraine and the growing challenges facing policymakers. EU-harmonized consumer prices rose 5.1% from a year ago in March, most since the data series began in 1997.

Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of the country’s COVID-19 outbreak in 2020, adding to the urgency for more policy intervention to stabilize the economy.

Oil futures dived more than $5 a barrel on Thursday morning on news that the Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crude prices.

Benchmark indices ended the first day of the new financial year on a strong note, rallying 1% despite mixed global cues. Dow and Nasdaq futures indicate a good start for US markets.

:oil_drum: Brent Crude: 104.43 -0.75%
:heavy_dollar_sign: USD INR Spot: 75.78 0.00%
:scroll: India 10Y Bond yield: 6.843 0.00%

All sectoral indices ended the day in positive territory. Nifty PSU rose the highest, up 3.99%, followed by Nifty Energy, Realty, and Bank, each of which gained more than 2%, while Nifty Pharma ended flat, down 0.03%.

Amongst the F&O stocks

:chart_with_upwards_trend: Bharat Heavy Electricals was the top gainer.
:chart_with_downwards_trend: Atul was the top loser.

:newspaper: In the news

The gross GST revenue collected in the month of March 2022 is the highest ever at Rs 1.42 trillion, said the Finance Ministry on Friday. The gross GST collection in March 2022 is an all-time high breaching earlier record of nearly Rs 1.41 trillion collected in the month of January 2022.

The credit quality of the Indian corporate sector experienced a rebound in FY2022, on the heels of two consecutive years of pressures caused by economic slowdown in FY20 and the COVID-19 pandemic in FY21, according to rating agency ICRA.

Maruti Suzuki India on Friday said its exports stood at 2,38,376 units in FY22, the company’s highest in any financial year. The auto major also reported overseas shipments of 26,496 units in March 2022, its highest ever monthly number so far.

India’s fuel sales surged past pre-pandemic levels in March on twin impacts of the economy rebounding from the lifting of pandemic-related restrictions and anticipation of price increases leading to stocking.

Investments in the Indian capital market through P-notes rose to Rs. 89,143 crore till the end of February, with experts saying the positive trend is likely to continue in the coming months on expectations of strong corporate earnings by India Inc which will enthuse foreign investors.

Shares of power generation and its related companies were in focus on Friday as the S&P BSE Power index hit over 14-year high on expectation that improved demand will spur earnings growth of the sector.

:earth_americas: Around the World

China’s home sales slump deepened in March, keeping pressure on cash-strapped developers even as policymakers vow to support the property market

Eurozone inflation surged to 7.5% in March, hitting another record high. The latest figures make grim reading for the European Central Bank, which needs to reconcile sky-high prices with vanishing economic growth.

Asia’s manufacturing resurgence softens as factories see worsening supply shortages and soaring costs after Russia’s invasion of Ukraine.