Weekly Trading Diary: 30th January to 3rd February 2023

[Tradingqna]

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

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Equity markets were in free fall on Friday with both Nifty and Sensex plunging around 1.5%, closing at three-month lows. For the week, markets were down by over 2%, dragged down by Banking, Energy and Metal indices.

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Things to watch out for in the coming week;

The major event for the week will be the Union Budget, which will be presented by the Finance Minister on 1st February. You can check out the Budget 2023 preview by IndiaDataHub here: This Week In Data #3: Budget preview, Credit growth, US GDP and more

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Key earnings to watch out during the week;

30th January	31st January	1st February	2nd February	3rd February	4th February
Bajaj Finserv Limited	ACC Limited	Alembic Pharmaceuticals Limited	Aditya Birla Capital Limited	Aarti Industries Limited	Affle (India) Limited
Bharat Petroleum Corporation Limited	Cholamandalam Investment and Finance Company Limited	Ashok Leyland Limited	Apollo Tyres Limited	Bank of Baroda	Finolex Industries Limited
Exide Industries Limited	Coal India Limited	Britannia Industries Limited	Berger Paints Limited	Dabur India Limited
Larsen & Toubro Limited	Godrej Consumer Products Limited	Gillette India Limited	Dr. Lal Path Labs Ltd.	Divi’s Laboratories Limited
Laurus Labs Limited	Indian Oil Corporation Limited	IDFC Limited	Godrej Properties Limited	Emami Limited
Nippon Life India Asset Management Limited	Jindal Steel & Power Limited	Jubilant Foodworks Limited	HDFC Limited	InterGlobe Aviation Limited
Punjab National Bank	Max Financial Services Limited	Tata Chemicals Limited	Max Healthcare Institute Limited	ITC Limited
REC Limited	NIIT Limited		Tata Consumer Products	JK Tyre & Industries Limited
SRF Limited	Power Grid Corporation of India Limited		Titan Company Limited	Mahindra & Mahindra Financial Services Limited
Tech Mahindra Limited	Sun Pharmaceutical Industries Limited			Manappuram Finance Limited
	UPL Limited			Marico Limited
	Vodafone Idea Limited			Paytm
				State Bank of India
				Sun TV Network Limited
				Tata Power Company Limited
				Zydus Lifesciences Limited

Key earnings to watch out during the week;

30th January		31st January		1st February		2nd February		3rd February
	India	Infrastructure Output	India	Union Budget 2023	UK	BOE Interest Rate Decision	India	Services PMI (JAN)
	Japan	Industrial Production (DEC)		Manufacturing PMI (JAN)	Eurozone	ECB Interest Rate Decision	Japan	Services PMI (JAN)
	China	Manufacturing PMI (JAN)	Eurozone	Manufacturing PMI (JAN)	US	Jobless Claims	Eurozone	Services PMI (JAN)
		Chinese Composite PMI (JAN)		CPI Inflation (JAN)				S&P Composite PMI (JAN)
	Eurozone	GDP Growth (Q4CY2022)	UK	Manufacturing PMI (JAN)			UK	Services PMI (JAN)
			US	US Federal Reserve Interest Rate Decision				Composite PMI (JAN)
				ISM Manufacturing PMI (JAN)			US	Unemployment Rate
				Curde Oil Inventories				Nonfarm Payrolls
								ISM Non-Manufacturing PMI (JAN)

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

[Tradingqna]

Nifty and Sensex rebounded from day’s lows to close in green, ending a two-day losing streak. Dow and Nasdaq futures point to a poor start for US markets.

Brent Crude: 86.33 -0.08%
USD INR Spot: 81.486 -0.03%
India 10Y Bond yield: 7.4 0.18%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Indus Towers was the top gainer.

Bharat Electronics was the top loser.

Earnings Update:

Bajaj Finserv: Net Profit: Rs. 1,256 cr 42% YoY; Revenue: Rs. 21,755 cr 23% YoY.

BPCL: Net Profit: Rs. 1,747 cr 36% YoY; Revenue: Rs. 1.33 lakh cr 13% YoY.

Exide Industries: Net Profit: Rs. 199 cr 11.38% YoY; Revenue: Rs. 3,538.50 cr 6.8% YoY.

L&T: Net Profit: Rs. 2,553 cr 24% YoY; Revenue: Rs. 46,390 cr 17% YoY.

Laurus Labs: Net Profit: Rs. 203 cr 32% YoY; Revenue: Rs. 1,544.82 cr 50.16% YoY.

Punjab National Bank: Net Profit: Rs. 628.9 cr 44% YoY; NII: Rs. 9,179.4 cr 17.6% YoY.

SRF: Net Profit: Rs. 510.90 cr 1.6% YoY; Revenue: Rs. 3,469.66 cr 3.7% YoY.

Tech Mahindra: Net Profit: Rs. 1,297 cr 5.3% YoY; Revenue: Rs. 13,735 cr 19.9% YoY.

News

International Holding Co, an Abu Dhabi-based multinational conglomerate, will invest $400 million in Adani Enterprises Ltd’s FPO. IHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited.

Sun Pharmaceutical Industries announced the acquisition of three anti-inflammatory brands from Mumbai-based Aksigen Hospital Care on Monday. As part of the transaction, the company acquired Disperzyme, Disperzyme-CD, and Phlogam.

Apple sold 2 million iPhones in India in the fourth quarter of 2022, indicating an 18% growth (QoQ) for its flagship smartphone. The market share of iPhones in India reached 5.5% in 2022, an 11% rise (YoY).

The French automaker Renault will reduce its stake in partner Nissan from 43% to 15%. The action is a part of an agreement that will rebalance the bumpy relationship between the two companies.

[Tradingqna]

Nifty and Sensex ended the session flat as investors remained cautious ahead of the Union Budget. US futures are trading lower.

Brent Crude: 83.86 -0.76%
USD INR Spot: 81.803 0.35%
India 10Y Bond yield: 7.344 -0.77%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Chambal Fertilisers & Chemicals was the top gainer.

Laurus Labs was the top loser.

Earnings Update:

Coal India: Net Profit: Rs. 7,755.55 cr 70.13% YoY; Revenue: Rs. 35,169.33 cr 23.68% YoY.

Godrej Consumer Products: Net Profit: Rs. 546.3 cr 3.5% YoY; Revenue: Rs. 3,598.9 cr 9% YoY.

IOCL: Net Profit: Rs. 448.01 cr 92.36% YoY; Revenue: Rs. 204,740.20 cr 22.76% YoY.

Sun Pharma: Net Profit: Rs. 2,166 cr 5.2% YoY; Revenue: Rs. 11,241 cr 14% YoY.

UPL: Net Profit: Rs. 1087 cr 16% YoY; Revenue: Rs. 13,679 cr 21% YoY.

REC: Net Profit: Rs.2,915 cr 5.1% YoY; Revenue: Rs. 9,782 cr 2.5% YoY.

News

India’s eight core industrial sectors rose by 7.4% in December 2022, up from 3.8% the previous year, according to provisional data by the Ministry of Commerce and Industry.

India’s fiscal deficit for the nine months ending in December was 9.93 trillion rupees, roughly 60% of annual estimates, according to government data released on Tuesday. While total expenditure reached 28.18 trillion rupees, net tax receipts increased to 15.56 trillion rupees.

Adani Enterprises Ltd’s follow-on share offer was fully subscribed on the last day of the 20,000 crore issue. Investors sought at least 4.62 crore shares in response to the offer of 4.55 crore shares.

Hindustan Zinc Ltd, a Vedanta group company, announced that it plans to invest USD 1 billion over the next five years in switching its 900-odd mining vehicles from diesel to battery-operated.

Vedanta Ltd. has ditched plans to sell its copper smelter in Tamil Nadu, a state in southern India that produced close to 40% of the nation’s copper, and has stepped up its efforts to restart the plant.
The International Monetary Fund maintained its growth forecast for FY23, citing India as a bright spot in the global economy. According to the World Economic Outlook for January 2023, India’s GDP is expected to be 6.8% in FY23.

The IMF estimates that inflation in India will reduce from 6.8% in the current fiscal year ending March 31 to 5% the following fiscal year, and then to 4% in 2024.

[Tradingqna]

Nifty and Sensex ended the high-volatile session on a mixed note, erasing gains made during the budget speech. Dow and Nasdaq futures point to a negative opening for US markets.

Brent Crude: 85.59 0.15%
USD INR Spot: 81.93 0.23%
India 10Y Bond yield: 7.277 -0.90%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Indian Hotels Company was the top gainer.

Adani Enterprises was the top loser.

Earnings Update:

ACC: Net Profit: Rs. 113.19 cr 60% YoY; Revenue: Rs. 4,536.97 cr 7% YoY.

Cholamandalam Investment and Finance: Net Profit: Rs. 684cr 31% YoY; NII: Rs. 1,832 cr 22% YoY.

Jindal Steel & Power: Net Profit: Rs. 518.67 cr 68% YoY; Revenue: Rs. 12,452.44 cr 0.57% YoY.

Jubilant Foodworks: Net Profit: Rs. 80.4 cr 40% YoY; Revenue: Rs. 1,332 cr 10% YoY.

Max Financial Services: Net Profit: Rs. 224.94 cr 338.57% YoY; Revenue: Rs. 8898.35 cr 4.55% YoY.

Power Grid Corporation of India: Net Profit: Rs. 3,645.34 cr 10.7% YoY; Revenue: Rs. 11,261.78 cr 7.8% YoY.

News

The Finance Minister presented the budget in the parliament today. You can check all the key highlights here👇

Highlights from budget 2023

Some key highlights from the budget 2023; The growth for FY 2023 seen at 7%. The fiscal deficit target for 2023-2024 fixed at 5.9% of the GDP. The scope of documents under Digliocker to be expanded with the aim of making it a one-stop KYC solution. Financial regulators to carry out a comprehensive review of extant regualtions in consultation with the market players. The government will set-up National Financial Information Registry which will serve as central repository of financial an…

Authorities collected up to Rs 1.56 lakh crore in indirect taxes in January, according to a finance ministry statement, the second-highest collection ever and a 24% jump over the previous year.

Gautam Adani took charge of Haifa Port in the presence of PM, Benjamin Netanyahu. He said that his group has built significant partnerships in Israel, including with Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority, and will continue to invest in the country.

Maruti Suzuki India, the country’s largest automaker, recorded a 12% increase in total sales in January, totaling 1,72,535 vehicles. Total domestic passenger vehicle sales were 1,55,142 units, a 14% increase.

The U.S. Federal Reserve, the European Central Bank, and Bank of England are all expected to hike interest rates when they present their first policy announcements of 2023. The Fed is likely to raise rates by another 25 basis points, while the ECB is expected to hike rates by 50 bps.

[Tradingqna]

Nifty and Sensex closed the volatile session on a mixed note for the second day. Futures on Dow and Nasdaq indicate a mixed start for US markets.

Brent Crude: 82.31 -0.65%
USD INR Spot: 82.2 0.57%
India 10Y Bond yield: 7.295 0.25%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Ambuja Cements was the top gainer.

Adani Enterprises was the top loser.

Earnings Update:

Alembic Pharmaceuticals: Net Profit: Rs. 121.92 cr 8.57% YoY; Revenue: Rs. 1509.46 cr 2.31% YoY.

Britannia: Net Profit: Rs. 932.40 cr 152% YoY; Revenue: Rs. 4,101.49 cr 16% YoY.

Dr. Lal PathLabs: Net Profit: Rs. 52.9 cr 26.66% YoY; Revenue: Rs. 499.9 cr 7.85% YoY.

Gillette India: Net Profit: Rs. 74.45 cr 5.6% YoY; Revenue: Rs. 618.62 cr 9.79% YoY.

Godrej Properties: Net Profit: Rs. 58.74 cr 51% YoY; Revenue: Rs. 404.58 cr 13.3% YoY.

HDFC: Net Profit: Rs. 3,691 cr 13% YoY; NII: Rs. 4,840 cr 13% YoY.

Max Healthcare: Net Profit: Rs. 269 cr 7% YoY; Revenue: Rs.1,559 cr 13% YoY.

Tata Chemicals: Net Profit: Rs. 425 cr 21.42% YoY; Revenue: Rs. 4,148 cr 32.05% YoY.

Tata Consumer Products: Net Profit: Rs. 364.43 cr 25.6% YoY; Revenue: Rs. 3474.55 cr 8.29% YoY.

Titan: Net Profit: Rs. 904 cr 10% YoY; Revenue: Rs. 11,609 cr 16% YoY.

News

Adani Enterprises announced that it will withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and return the proceeds to investors.

Start-ups selling shares at a premium to foreign investors have to pay higher taxes, which may impact local enterprises that are private in raising funds. The government has proposed to include transactions involving overseas investors in the angel tax regulations.

The government is expected to sell a portion of its residual stake in Hindustan Zinc Ltd by the end of next month in order to meet the revised sell-off target of Rs 50,000 crore for the current fiscal year: Department of Investment and Public Asset Management

Berkshire Hathaway, Warren Buffett’s investment firm, cut its stake in electric vehicle maker BYD by selling 1.55 million Hong Kong-listed shares for $44.85 million.

[Tradingqna]

Benchmark indices bounced back from day’s lows to surge around 1.5%. Dow and Nasdaq futures point to a negative opening for US markets.

Brent Crude: 81.89 -0.27%
USD INR Spot: 81.906 -0.16%
India 10Y Bond yield: 7.278 -0.25%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Titan was the top gainer.

Divi’s Laboratories was the top loser.

Earnings Update:

Bank of Baroda: Net Profit: Rs. 3,853 cr 75.4% YoY; NII: Rs. 10,818 cr 26.5% YoY.

Dabur: Net Profit: Rs. 476 cr 5.4% YoY; Revenue: Rs. 3,043.2 cr 3.4% YoY.

Divi’s Laboratories: Net Profit: Rs. 307 cr 66% YoY; Revenue: Rs. 1,707 cr 31% YoY.

Indigo: Net Profit: Rs. 1,422.6 cr 1001% YoY; Revenue: Rs.14,932.97 cr 60.66% YoY.

ITC: Net Profit: Rs. 5,031 cr 21% YoY; Revenue: Rs.16,225.7 cr 2.3% YoY.

Marico: Net Profit: Rs. 333 cr 5% YoY; Revenue: Rs. 2,470 cr 2.6% YoY.

Tata Power: Net Profit: Rs. 1,052cr 91% YoY; Revenue: Rs. 14,339 cr 30%YoY.

Zydus Lifesciences: Net Profit: Rs. 622.9 cr 24.48% YoY; Revenue: Rs. 4,362.3 cr 19.8% YoY.

News

The FMCG saw slower growth of 7.6% in the October - December 2022 quarter compared to the year-ago period on the back of weak volumes.

We will be looking to arriving at a global SOP for regulating crypto assets at the upcoming G20 summit with finance ministers and central bank governors in order to provide much-needed clarity on the crypto sector’s future: Finance Minister Nirmala Sitharaman

NCLT has barred Reliance Capital’s lenders from staging a 2nd auction of its assets, calling it an unlawful technique. The tribunal asked Reliance Capital to close the resolution process. With an offer of Rs 8,640 cr, Torrent Investments was the top bidder in the auction.

The ECB and the Bank of England both raised key interest rates by 50 bps, with the former indicating further hikes and the latter suggesting rates may shortly peak. Bank of England also projected a “shallower” recession than previously predicted.

Shell, the British oil and gas company, made $39.9 billion in 2022. Meanwhile, nearly 13,000 Nigerians filed a lawsuit against Shell in a London high court over the company’s impact on the environment and their lives.