Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Benchmark indexes ended a five-day losing streak, closing higher on a recovery in banking and metal stocks, with easing geopolitical concerns. US futures are trading positive.
Brent Crude: 71.28 -5.75%
USD INR Spot: 84.078 -0.03%.
India 10Y Bond yield: 6.982 2.00%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Bandhan Bank was the top gainer.
InterGlobe Aviation was the top loser.
News
The Adani Group is in advanced talks with the Odisha government to build its first greenfield cement factory, with Ambuja Cements likely to construct a 4 million tons per annum unit at a cost of Rs. 3,000-3,500 crore.
IndiGo reported a net loss of Rs. 987 crore in the July-September quarter due to high fuel costs and grounded aircraft, compared to a profit of Rs. 189 crore in the same period last year, while revenue grew 14.6% to Rs. 17,759 crore.
NBCC has secured redevelopment projects worth Rs. 10,000 crore from the Goa government, with the first phase involving six projects valued at over Rs. 1,700 crore to be executed without budgetary support.
Bharat Petroleum Corp’s use of Russian oil fell to 34% of total crude intake in the July-September quarter due to maintenance shutdowns at its Bina and Kochi refineries, down from 40% in the June quarter.
BHEL reported a consolidated net profit of Rs. 106 crore for the September quarter, a turnaround from a Rs. 63 crore loss in the same period last year, with revenue from operations rising 28% to Rs. 6,584 crore.
India has become the third-largest supplier of iPhones and ranks among the top three global buyers, with Apple having 15 local suppliers and 14 more from China seeking partnerships.