Weekly Trading Diary: 2nd to 6th January 2023

Tradingqna · January 1, 2023, 1:24pm

Happy new year, folks!!

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 final week of 2022:

After falling for three consecutive weeks, equity markets bounced back in the year’s final week. Nifty and Sensex both surged around 1.7% each. MidCap 150 and SmallCap 250 indices on the other hand surged around 4.4% and 5.8%.

Apart from minor cuts in Pharma and FMCG indices, all other sectoral indices ended the week in green. PSU Bank index being the top gainer, up over 11% for the week.

Here’s how the major global indices fared;

Things to watch out for in the coming week;

	2nd January		3rd January		4th January		5th January		6th January
India	S&P Global Manufacturing PMI (DEC)	China	Ciaxin Manufacturing PMI (DEC)	India	S&P Global Services PMI (DEC)	China	Ciaxin Services PMI (DEC)	Japan	Services PMI (DEC)
Eurozone	Manufacturing PMI (DEC)	UK	Manufacturing PMI (DEC)	Eurozone	S&P Global Composite PMI (DEC)	UK	Composite PMI (DEC)	Eurozone	CPI Inflation (DEC)
		US	Manufacturing PMI (DEC)		Services PMI (DEC)		Services PMI (DEC)	US	Unemployment Rate (DEC)
				US	ISM Manufacturing PMI (DEC)	US	Non-Farm Employment Change (DEC)		Nonfarm Payrolls
					ISM Manufacturing Employment (DEC)		Jobless Claims		ISM Non-Manufacturing PMI (DEC)
							Crude Oil Inventories
							Services PMI (DEC)
							S&P Global Composite PMI (DEC)

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

Tradingqna · January 2, 2023, 1:30pm

Nifty and Sensex started off the new year on a positive note, with both benchmark indices closing around 0.5% higher.

Brent Crude: 85.95 2.74%
USD INR Spot: 82.7375 0.02%
India 10Y Bond yield: 7.34 0.18%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Steel Authority of India was the top gainer.

Multi Commodity Exchange was the top loser.

News

Indian Railways announced an earnings growth of 71% YoY to Rs. 48,913 Crore in the passenger category on an originating basis for the period of the first nine months of the fiscal year 2022-23 with freight earnings showing 16% YoY growth to Rs. 1,20,478 crore.

India’s manufacturing PMI surged to a 26-month high of 57.8 in December reflecting a marked increase in new factory orders, employment, purchases, and production.

According to the Coffee Board, India’s Coffee shipments came in higher by 1.66% at 4 lakh tonne in 2022 on rise in instant coffee exports and re-exports.

In a bid to boost tourism, Dubai has suspended a 30% tax on alcohol and dropped the license fee previously needed to buy alcohol in the commercial and tourism hub.

Online food delivery platform Swiggy’s losses more than doubled to Rs. 3,629 crore YoY in FY22 on account of higher expenses led by advertising and outsourcing support costs.

Tradingqna · January 3, 2023, 1:01pm

Benchmark indices ended the choppy day slightly higher, up around 0.2%, following mixed cues from global markets. Futures on Dow and Nasdaq indicate a good start for US markets.

Brent Crude: 84.88 -1.24%
USD INR Spot: 82.88 0.17%
India 10Y Bond yield: 7.321 -0.26%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

HDFC Life Insurance Company was the top gainer.

Mahindra & Mahindra Fin. Services was the top loser.

News

The Central Government has raised the windfall tax on crude oil to Rs. 2,100 from 1,700 per tonne and also hiked the export tax on diesel to Rs 7.5 per litre from Rs 5, while raising the windfall tax on ATF to Rs. 4.5 per litre from Rs. 1.5.

Matching the growing demand, the country’s coal output was up by 16% YoY to 607.97 million tonnes (MT) during the April-December period of the current fiscal.

Zomato shares fell over 2% as the company announced the exit of the co-founder and chief technology officer Gunjan Patidar after more than ten years in the company.

India’s electric two-wheeler market soared 300% YoY to hit the 600,000 sales target and achieved a market penetration of 4% in 2022 from 1% in 2021, on the back of high sales from Ola Electric, Okinawa Scooters, Hero Electric, and Ampere EV by Greaves: Government’s Vahan Data.

Prakashsingh · January 4, 2023, 7:35am

Keep an eye on gas based stocks. Natural gases priced have crashed in both US and Europe.

Tradingqna · January 4, 2023, 12:46pm

Nifty and Sensex fell by over a percent each. Dow and Nasdaq futures indicate a positive opening for US markets.

Brent Crude: 80.05 -2.75%

USD INR Spot: 82.8025 -0.09%

India 10Y Bond yield: 7.321 0.00%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com
2023-01-04_18-08

Amongst the F&O stocks

GNFC was the top gainer.

JSW Steel was the top loser.

News

The Union Cabinet approved the National Green Hydrogen Mission with an outlay of Rs. 19,744 crore with an aim to make India a global hub for manufacturing of this clean source of energy.

The monthly domestic air passenger traffic touched 1.29 crore in December 2022 to surpass the pre-COVID level of 1.26 crore in December 2019, continuing the healthy recovery

India’s Services sector PMI surged to a 6 month high of 58.5 in December 2022 against 56.4 in November mostly led by finance and insurance services. While the S&P Global India Composite PMI Output Index hit the quickest growth rate in 11 years to 59.4 in December 2022.

FMCG sales in rural areas witnessed a sequential recovery as the overall demand declined 0.2% MoM compared to 17% fall in November. In December, the overall demand was up 1.4% MoM compared to 15.3% dip in sales in November: Bizom.

Brent Oil had its biggest fall in 3 months of more than 4% to touch 8$0 per barrel on account of concerns about weak demand due to the state of the global economy and China’s rising COVID cases.

Tradingqna · January 5, 2023, 1:48pm

Benchmark indices failed to hold initial gains in a choppy session, ending the day negative for the second consecutive day. US markets look set for a mixed start.

Brent Crude: 79.52 1.96%
USD INR Spot: 82.555 -0.30%
India 10Y Bond yield: 7.327 0.08%

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.

Bajaj Finance was the top loser.

News

The real estate market is expected to get $3.5 billion to $4.0 billion in PE investment in 2023 as a result of manufacturing sector growth and digitalization, which is likely to create investments in industrial and warehousing, data centers, and life sciences areas: Savills India.

Retail automobile sales in India came in lower by 5% YoY in December 2022 on account of lower 2-wheeler sales. Other segments like three-wheeler (3W), private vehicles (PV), tractors, and commercial vehicles (CV) grew by 42%, 8%, 5%, and 11% respectively. FADA

Bajaj Finance corrected by more than 7% after reporting a 27% YoY AUM growth and a 6% QoQ AUM growth, both of which were below market expectations.

The e-commerce giant Amazon announced the layoff of 18,000 employees in an effort to save costs under the current global recession caused by rising inflation and interest rates after halting new hiring in November.

The National Company Law Appellate Tribunal has rejected to stay the Competition Commission of India’s penalty of Rs 1,337.76 crore imposed on Google India. It has ordered that 10% of the fine be deposited with the NCLAT registry.

Tradingqna · January 6, 2023, 12:54pm

Benchmark indices extended losses for the third straight session, closing the day down around 0.75%. US markets look set for a mixed opening.

Brent Crude: 78.49 -0.39%
USD INR Spot: 82.72 0.20%
India 10Y Bond yield: 7.374 0.60%

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.

LIC Housing Finance was the top loser.

News

According to RBI Governor Shaktikanta Das, controlling inflation is a top priority for South Asian countries such as India as it may affect the outlook for investment and growth.

India’s finished steel exports fell by 54.1% to 4.74 million tonnes between April and December on account of lower demand and consumption in major global markets as well as the failure of mills to revive shipments after the recent removal of an export tax.

The Eurozone inflation dropped to 9.2% YoY as compared to 10.1% in November marking a second consecutive monthly fall in December with the reading coming below the market expectation of 9.7%.

The US Dollar index hit a one-month high to close near 105 after the number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43% in December.