Weekly Trading Diary: 28th November to 2nd December 2022

Tradingqna · November 27, 2022, 12:15pm

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

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

After posting small losses in the previous week, markets were back in the green in the week ending 25th November. Nifty and Sensex ended the week higher by over a per cent each, closing at all-time highs. Nifty closed the week at 18512.75 while Sensex at 62293.64.

On the sectoral front, all indices apart from Nifty Realty and Energy indexes closed the week in green. Nifty Media and PSU Bank were the top gainers, surging over 5% each.

Global market performance

Things to watch out for in the coming week;

IPOs

	Period	Price	Lot Size	Issue Size
Dharmaj Crop Guard Limited	28th to 30th Nov	Rs. 216- 237	60 and multiples thereof	Rs. 251.15 crores
Uniparts India Limited	30th Nov to 2nd Dec	Rs. 545 – 577	25and multiples thereof	Rs. 835.61 crores

Economic events

	29th November		30th November		1st December		2nd December
Japan	Retail Sales (OCT)	India	GDP Growth (Q2FY23)	China	Caixin Manufacturing PMI (NOV)	US	Unemployment Rate (NOV)
US	Consumer Confidence (NOV)		Industrial Production (OCT)	Eurozone	Manufacturing PMI (NOV)		Nonfarm Payrolls (NOV)
		Japan	Industrial Production (OCT)		Unemployment Rate (OCT)
		China	Manufacturing PMI (NOV)	UK	Manufacturing PMI (NOV)
			Non-Manufacturing PMI (NOV)	US	Jobless Claims (OCT)
		Eurozone	CPI Inflation(NOV)		ISM Manufactuing PMI (NOV)
		US	GDP Growth (Q3CY22)
			Nonfarm Employment Change (NOV)
			Home Sales
			Crude Oil Inventories

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

Tradingqna · November 28, 2022, 12:46pm

Nifty and Sensex continued to rise and closed at a new high, gaining around 0.30% today despite weak global trends. Dow and Nasdaq futures indicate a poor opening for US markets.

Brent Crude: 81.14 -3.16%
USD INR Spot: 81.67 -0.02%
India 10Y Bond yield: 7.274 -0.37%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Apollo Tyres was the top gainer.

Jindal Steel & Power was the top loser.

News

Hero MotoCorp surged nearly 3% after the company announced the price hike for its motorcycles and scooters by up to Rs. 1,500, with effect from December 1, 2022, due to inflationary cost pressures.

IRDAI gave approval for Max Financial Service to purchase the remaining stake of 5.17% in the life insurance company held by Mitsui Sumitomo Company Limited.

Zydus Life Sciences received tentative approval from USFDA to market Levothyroxine Sodium injection which is used to treat thyroid hormone deficiency and has had annual sales of USD 45.2 million in the US market according to IQVIA data.

MSTC closed at 20% upper lock as Union Minister Nitin Gadkari announced the draft scrappage policy in which all government vehicles that have completed 15 years will be scrapped.

Crude oil futures are trading at 11-month lows with brent and WTI trading below $82 and $75 per barrel following reports of unrest in China over Covid control measures imposed in that country.

Recession looms for Hong Kong as exports fell again dropping 10.4% YoY in October marking six straight months of decline this year on the account of waning demand.

Tradingqna · November 29, 2022, 12:47pm

Benchmark indices continued gains for the sixth trading session, rising around 0.30% following positive global trends. US futures too are trading higher.

Brent Crude: 86.3 3.71%
USD INR Spot: 81.72 0.06%
India 10Y Bond yield: 7.281 0.10%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Dabur was the top gainer.

Laurus Labs was the top loser.

News

Singapore Airlines, which owns 49% in Vistara, announced that Vistara will be merged with Tata group-owned Air India and SIA will also invest Rs 2,058.5 crore in Air India for 25.1% in the combined entity.

Flipkart is expected to facilitate a $700 million employee stock buyback. The buyback is part of PhonePe’s newest $1.5-2 billion funding round led by Walmart and General Atlantic and will infuse around $1 billion in primary capital, with the rest coming from a secondary share sale.

Signaling a consolidation in the D2C fashion industry, Aditya Birla Group’s TMRW unit will be investing Rs 289 crore in eight D2C brands like Berrylush, Bewakoof, Natilene, Juneberry, Nauti Nati, Nobero, Urbano and Veirdo.

Starting on Dec 1st, 2022, The RBI will launch the first pilot for retail digital Rupee (e₹-R) covering select locations in closed user groups (CUG) comprising participating customers and merchants which would be distributed through intermediaries, i.e., banks.

In the first 7 months of FY23, Mobile phone exports surged more than 100% to touch the $5-billion mark compared to $2.2 billion YoY as the likes of Apple and Samsung stepped up outward shipments.

As per government data, Indian crude oil basket price hit a 10-month low of $88.6 a barrel in November on the back of fears of slowing demand amidst an economic slowdown due to covid outbreak in China.

Tradingqna · November 30, 2022, 11:51am

Benchmark indices surged in the final hour to close at a record high. US markets look set for a muted opening.

Brent Crude: 86.06 1.37%
USD INR Spot: 81.4225 -0.36%
India 10Y Bond yield: 7.283 0.06%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Shriram Transport Finance was the top gainer.

Punjab National Bank was the top loser.

Around the World

Inox Wind announced that the company along with its arm Inox Green Energy Services has paid debts of Rs. 411 crores as part of the strategic initiative to deleverage their respective balance sheets.

Adani group won bid to redevelop the Dharavi slum on 600 acres as the company made the highest bid of Rs. 5,069 crore against the stipulated minimum investment of Rs. 1,600 crore outbidding DLF.

TCS signed a six-year contract with Rail Delivery Group to build and run the UK government’s Rail Data Marketplace.

India’s fiscal deficit soared to 45.6% of annual estimates to Rs. 7.58 lakh crore from April to October versus 36.3% of the FY22 target YoY. For fiscal 2022-23, the fiscal deficit of the government is estimated to be Rs. 16.61 lakh crore or 6.4% of the GDP.

Eurozone inflation saw the biggest drop since 2020 as the November print came in at 10% from 10.6% in October on the back of slower advances in energy and services costs, even though food prices stayed elevated.

China’s factory activity fell at a faster pace in November with manufacturing PMI coming in at a 7-month low at 48.0 against 49.2 in October weighed down by COVID-19 curbs and softening global demand.

Tradingqna · December 1, 2022, 1:15pm

Benchmark indices fell from day’s highs but managed to close the session in green for the eighth straight session. US futures are trading lower.

Brent Crude: 86.06 1.37%
USD INR Spot: 81.4225 -0.36%
India 10Y Bond yield: 7.283 0.06%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

L&T Technology Services was the top gainer.

Shriram Transport Finance was the top loser.

Around the World

The Reserve Bank of India has given conditional approval to US private equity firms Carlyle Group Inc and Advent International to acquire a combined 20% stake in Yes Bank.

According to official data, India’s electricity consumption grew by 13.6% to 112.81 billion units in November 2022 compared to the previous year.

Indian Railways’ freight loading earnings have surpassed Rs 1,05,905 crore so far this fiscal year, it’s nearly 16% higher than total freight earnings in the fiscal year 2021-22: Ministry of Railways.

Vodafone Idea is in talks with the State Bank of India for a loan of Rs 15,000–16,000 crore to fulfill its 4G expenditure requirements, fund equipment supply contracts for its upcoming 5G rollout, and clear some vendor liabilities.

The manufacturing Purchasing Managers’ Index (PMI) in India climbed marginally in November to 55.7 from 55.3 in October, reaching a three-month high amid an increase in new orders and production and a slowdown in inflation.

Reliance Brands is in discussions to acquire a stake in Prabal Gurung’s premium lifestyle label, Gurung is a Nepalese-American fashion designer who has styled celebrities such as Michelle Obama, Sarah Jessica Parker, and Anne Hathaway.

Tradingqna · December 2, 2022, 12:25pm

Benchmark indices closed the day 0.6% lower, snapping an eight-day gaining streak. Dow and Nasdaq futures point to a negative start for US markets.

Brent Crude: 86.66 -0.39%
USD INR Spot: 81.3175 0.13%
India 10Y Bond yield: 7.221 0.15%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

BHEL was the top gainer.

Eicher Motors was the top loser.

Around the World

GST collections rose by 11% in November to about Rs. 1.46 lakh crore, owing to higher consumer spending and better compliance. For the ninth month in a row, revenues have remained over Rs. 1.4 lakh crore mark: Press Trust of India

The finance ministry has proposed a number of other changes to the insurance laws, including granting insurers a composite license and allowing them to sell various financial products and increasing the retirement age for the chairman and full-time members of IRDA.

November 2022 was the strongest month ever for the automotive sector, with total deliveries at the top 10 passenger car manufacturers climbing 31.7% on a YoY basis to 310,807 units. It was also the sixth month in a row that domestic auto sales exceeded 300,000 vehicles.

Adani Ports & SEZ won the bid for Karaikal Port with an Rs. 1,200 crore bid that outbid rival Vedanta. The port was bid on in line with the IBC guidelines. Karaikal Port’s lenders met last week to approve Adani’s offer, which will now be filed to the NCLT for final approval.