Weekly Trading Diary: 31st October to 4th November 2022

[Tradingqna]

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

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

Equity markets rose for another week. For the week, Nifty rose by 1.2%, while Sensex closed just shy of the 60k mark, up by around 1.1%.

Coming to sectoral performance, the PSU Bank Index was again the top gainer for the week, rising over 5%. Auto, Metals, Energy and Realty were the other top performers, gaining over 2% each.

IT, Media and FMCG, ended the week marginally lower.

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Here’s how the major global markets fared over the week;

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Things to watch out for in the coming week;

IPOs

The IPO of DCX Systems Limited will open for subscription on Monday, 31st October and close on Wednesday, 2nd November;

	Period	Price Range	Bid Lot	Issue Size
DCX Systems Limited	31st October to 2nd November	Rs. 197 - 207	72 and in multiples thereof	Rs. 500 crores

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Earnings

31st October	1st November	2nd November	3rd November		5th November
Bharti Airtel	Adani Ports	EIH Ltd.	Adani Enterprises	4th November	Bank of Baroda
Castrol India	Chambal Fertilisers & Chemicals	Kajaria Ceramics	Amara Raja Batteries	Britannia	Power Grid
Larsen & Toubro	Cholamandalam Investment & Finance	M&M Financial Services	HDFC Ltd.	Cipla	SBI
Tata Steel	Kansai Nerolac	PGHH	HPCL	Escorts Kubota
Equitas Small Finance Bank	LIC Housing Finance		Vodafone Idea	GAIL
Motherson Sumi Wiring India	Sun Pharma		Rain Industries	Marico
	Tech Mahindra			Titan
	UPL			TVS Motors
	Voltas			InterGlobe Aviation
	Varun Beverages
	Max Healthcare

Key economic events

Quite a few macroeconomic events to keep an eye on this week, especially the Fed interest rate decision on 2nd November and the Reserve Bank of India’s special monetary policy committee meeting the next day.

	31st October		1st November		2nd November		3rd November		4th November
Japan	Retail Sales (SEP)	China	Ciaxin Manufacturing PMI (OCT)	Japan	BOJ Monetary Policy Meeting Minutes	India	RBI MPC Meeting	Japan	Services PMI (OCT)
	Industrial Production (SEP)	US	ISM Manufacturing PMI (OCT)	Eurozone	Manufacturing PMI (OCT)	China	Caixin Services PMI (OCT)	Eurozone	Services PMI (OCT)
China	Manufacturing PMI (OCT)			US	Fed Interest Rate Decision	UK	BOE Interest Rate Decision		Markit Composite PMI (OCT)
	Chinese Composite PMI (OCT)				Non-farm payrolls		Services PMI (OCT)	US	Nonfarm Payrolls
Eurozone	CPI Inflation (OCT)				Crude Oil Inventories		Composite PMI (OCT)		Unemployment Rate
	GDP Growth (Q3CY22)					US	Jobless Claims
							ISM Non-manufacturing PMI (OCT)
							Markit Composite PMI (OCT)
							Services PMI (OCT)

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

[jashjacob]

@Tradingqna

What are you looking forward to in the week?

Will we see NIFTY at 18K? SGX seems to think so!

[Tradingqna]

Nifty and Sensex started the week higher, gaining around 1.3% and crossing the 18K and 60K levels, respectively. Dow and Nasdaq futures point to a negative opening for US markets.

Brent Crude: 92.48 -1.76%
USD INR Spot: 82.78 0.38%
India 10Y Bond yield: 7.447 0.42%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Jk Cement was the top gainer.

Intellect Design Arena was the top loser.

Earnings Update:

Motherson Wiring: Net Profit: Rs.116.4 cr 12.8 % YoY; Revenue: Rs.1835.2 cr 31.1% YoY.

Bharti Airtel: Net Profit: Rs. 2,146 cr 89 % YoY; Revenue: Rs. 34,526.8 cr 22% YoY.

L&T: Net Profit: Rs. 2,229 cr 22.5 % YoY; Revenue: Rs. 42,762.6 cr 23% YoY.

Saregama: Net Profit: Rs. 46 cr 36.1% YoY; Revenue: Rs. 189.2 cr 30.5% YoY.

News

As per the government data, India’s fiscal deficit between April to September came in at 37.3% of annual estimates i.e., Rs. 6.20 trillion ($74.91 billion). Net tax receipts rose to Rs. 10.12 trillion while total expenditure was Rs. 18.24 trillion.

L&T surged nearly 3% after the engineering & construction company said it won a significant order between Rs. 1000-2500 crore for its power transmission & distribution business in Saudi Arabia.

Small Finance Banks as a group will need to raise capital to the extent of Rs. 4,000 crore in FY23 and FY24 in order to maintain a 30% CAGR for advances. This factors in a 2% cushion over minimum regulatory capital requirements: Rating agency CareEdge Ratings.

Apple supplier Foxconn’s COVID-19 woes at its vast iPhone manufacturing facility in China’s Zhengzhou city could slash the site’s November iPhone shipments by up to 30%: Reuters

China’s October manufacturing PMI fell to 49.2 from 50.1 MoM and October non-manufacturing PMI fell to 48.7 from 50.6 MoM and composite PMI fell to 49.0 from 50.9 MoM due to more frequent flare-ups of COVID-19 and slowdown in exports.

[joannagustaf]

Am not sure yet the week started kind of bad for many sectors

[Tradingqna]

Benchmark indices extended their gains for the fourth trading session, rising around 0.7%. US futures indicate a good start for US stocks.

Brent Crude: 94.04 1.39%
USD INR Spot: 82.695 -0.10%
India 10Y Bond yield: 7.398 -0.63%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Adani Enterprises was the top gainer.

Punjab National Bank was the top loser.

Earnings Update:

Voltas: Net Loss: Rs. 6 cr against profit of Rs. 104 cr YoY; Revenue: Rs. 1,739 cr 4.2% YoY.

LIC Housing: Net Profit: Rs. 305 cr 23 % YoY; NII: Rs. 1,199 cr 0.4% YoY.

Adani Ports: Net Profit: Rs. 1,737.8 cr 65.5 % YoY; Revenue: Rs. 5,210.8 cr 32.8% YoY.

Tech Mahindra: Net Profit: Rs. 1,285.4 cr 13.6% YoY; Revenue: Rs. 13,129.5 cr 3.3% YoY.

UPL: Net Profit: Rs. 814 cr 28.4% YoY; Revenue: Rs. 12,507 cr 18.4% YoY.

Sun Pharma: Net Profit: Rs. 2,260 cr 8.2% YoY; Revenue: Rs. 10,952 cr 13.8% YoY

News

GST revenue in October was the second highest ever as the collections rose 16.6% YoY to Rs 1,51,718 crore of which Central GST is Rs 26,039 crore, State GST is Rs 33,396 crore, Integrated GST is Rs 81,778 crore and Cess is Rs 10,505 crore.

The Manufacturing PMI rose to 55.3 in October from September’s 55.1, better than a Reuters poll median forecast for 54.9 as demand and output remained solid, encouraging firms to hire workers at the fastest pace in nearly three years, according to a survey compiled by S&P Global.

Sales of E2Ws met an all-time high of 75,294 units in October, up 30% YoY, and beat the number of E2Ws sold in September (52,975 units) and August (51,213 units) due to multiple product rollouts, rising production capacity, a wider range of options, and festival season demand.

After a tough October where the index lost 14%, Hang Seng recovered 5.23% today as mainland funds bought the biggest amount of shares since June after a sell-off pushed the local market into an oversold zone ahead of the Fed meeting.

[Tradingqna]

Nifty and Sensex closed lower, snapping a four-day winning streak ahead of the US Federal Reserve’s interest rate meeting. US futures are trading lower.

Brent Crude: 94.68 -0.01%
USD INR Spot: 82.78 0.10%
India 10Y Bond yield: 7.406 0.14%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Cholamandalam Investment and Finance was the top gainer.

LIC Housing Finance was the top loser.

Earnings Update:

Adani Transmission: Net Profit: Rs. 206.2 cr 24.3% YoY; Revenue: Rs. 3,251.4 cr 32.6% YoY.

Kajaria Ceramics: Net Profit: Rs.70 cr 39.6% YoY; Revenue: Rs. 1,078 cr 10.7% YoY.

Mahindra Holidays: Net Profit: Rs. 41 cr 30.5% YoY; Revenue: Rs. 598.4 cr 9.5% YoY.

Firstsource Ltd: Net Profit: Rs. 129.4 cr 52.2 % YoY; Revenue: Rs. 1,487 cr 1% YoY.

News

Bharti Airtel announced that the company has crossed 1 million unique 5G users on its network, less than 30 days after rolling out 5G services commercially in eight cities.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi approved a subsidy of Rs. 51,875 crore for P&K fertilizers for 2022-23 rabi season

Glenmark Pharmaceuticals announced that it has received approval from the US health regulator to market Sodium Phenylbutyrate tablets, used in treating urea cycle disorders, in America.

Brent Oil prices surged more than 1% to close near 95$ per barrel after industry data showed a surprise drop in U.S. crude inventories, suggesting strong despite steep interest rate hikes dampening global growth.

[Tradingqna]

Benchmark indices recovered from gap-down opening and closed marginally lower following negative global cues. Futures on Dow and Nasdaq indicate a negative start for US markets.

Brent Crude: 94.98 -0.50%
USD INR Spot: 82.88 0.12%
India 10Y Bond yield: 7.483 1.07%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Mahindra & Mahindra Financial was the top gainer.

Voltas was the top loser.

Earnings Update:

HDFC: Net Profit: Rs. 4,454 cr 17.8% YoY; NII: Rs. 4,639 cr 12.9% YoY.

Adani Wilmar: Net Profit: Rs. 49 cr 73.25% YoY; Revenue: Rs. 14,150 cr 4.36% YoY.

SRF: Net Profit: Rs. 481 cr 25.9% YoY; Revenue: Rs. 3,728 cr 31.3% YoY.

JK Lakshmi Cement: Net Profit: Rs. 61 cr 27.6% YoY; Revenue: Rs. 1,373.6 cr 13.6% YoY.

Ajanta Pharma: Net Profit: Rs. 157 cr 20.4% YoY; Revenue: Rs. 938 cr 6% YoY.

Raymond: Net Profit: Rs. 158.9 cr against profit of 53.3 cr YoY; Revenue: Rs. 2,168.2 cr 39.8% YoY.

Coromandel Intl: Net Profit: Rs. 740.5 cr 42.6% YoY; Revenue: Rs. 10,113.4 cr 64.5% YoY.

News

India’s unemployment rate rose to 7.8% from 6.4% in September, and the job loss rate in urban areas fell marginally from 7.7% to 7.2% but increased dramatically from 5.8% to 8.04% in rural India: CMIE

India’s wheat exports more than doubled YoY to $1.48 billion from $630 million during April-September 2022-23 as per the data announced by the commerce ministry.

Yes Bank to transfer Rs 48,000 crore of stressed loans to asset reconstruction company JC Flowers by the end of November: CEO Prashant Kumar

Cognizant reported a 15% jump in net profit even as revenue lagged company expectations as uncertain macroeconomic conditions have started impacting bookings. With attrition impacting its operations, the company, in its Q3 results report, guided for a decline in Q4 and full-year revenue.

Turkey’s annual inflation accelerated to hit 85% and rose for the 17th month in a row on the back of a massive surge in food prices and high energy costs.

[Tradingqna]

Benchmark indices rose from their day’s lows and finished higher, ending a two-day losing streak. Dow and Nasdaq futures indicate a good start for US markets.

Brent Crude: 97.73 3.42%
USD INR Spot: 82.44 -0.53%
India 10Y Bond yield: 7.47 -0.16%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Amara Raja Batteries was the top gainer.

Aditya Birla Fashion and Retail was the top loser.

Earnings Update:

Cipla: Net Profit: Rs.789 cr 10.9% YoY; Revenue: Rs.5,829 cr 5.6% YoY.

Cummins: Net Profit: Rs.252.4 cr 14.8% YoY; Revenue: Rs.1,951 cr 13% YoY.

Escorts Kubota: Net Profit: Rs.87.7 cr 50.36% YoY; Revenue: Rs.1,883.5 cr 12.2% YoY.

GAIL: Net Profit: Rs.1537 cr 46% YoY; Revenue: Rs.38,479 cr 78% YoY.

Marico: Net Profit: Rs.307 cr 2.8% YoY; Revenue: Rs.2,496 cr 3.2% YoY.

Titan: Net Profit: Rs.857 cr 33.7% YoY; Revenue: Rs.8,730 cr 21.8% YoY.

TVS Motors: Net Profit: Rs.407.5 cr 46.8% YoY; Revenue: Rs.7,219 cr 28.5% YoY.

News

Retail loans grew by 20% in September. Loan demand was seen across all categories for homes, consumer items, and autos. Between September 24, 2021, and September 23, 2022, home loans rose by 16% to Rs 18.05 lakh crore, accounting for roughly half of all retail loans. : RBI Data

Maruti Suzuki India plans to invest over Rs 7,000 crore this year on various initiatives, including the construction work of its new plant in Haryana and new model launches: CFO Ajay Seth

Tata Motors JLR UK sales increased 64.8% to 3,650 units Vs from 2,215 units on a YoY basis.

German factory orders declined at a faster pace in September as the demand fell 4% much higher than the estimate of a 0.5% fall, raising concerns that Europe’s largest economy is slipping into recession as it struggles with surging energy costs.