Weekly Trading Diary: 4th to 8th April 2022

A thread for discussing all your trades, strategies, ideas, news, stories, etc.

A quick recap of market performance in the week gone by;

Equity benchmark indices Sensex and Nifty surged by around three percent each in the previous week, aided by cooling oil prices and buying by foreign institutions.

On the sectoral front, the Nifty Metals index was the top performer, surging by 5,7%. Followed by Nifty Bank, PSU Bank, and Media, each rallying over 4%.

Here’s how the major indices around the world fared in the week ended April 1

Things to watch out for in the coming week

On the domestic front, all eyes will be on the RBI Monetary Policy Committee meeting which is scheduled to begin its three-day meeting on April 6 and conclude on April 8.

Key economic events for the week;

4th April 5th April 6th April 7th April 8th April
England BoE Governer Speech India IHS Markit Manufacturing PMI (MAR) India IHS Markit Services PMI Eurozone ECB Monetary Policy Meeting Minutes
US Factory Orders (FEB) Japan Services PMI (MAR) England Construction PMI (MAR) US Jobless Claims
Eurozone Services PMI (MAR) US FOMC Meeting Minutes
US ISM Non-Manufacturing PMI (MAR) Crude Oil Inventories
Services PMI (MAR)
Markit Composite PMI (MAR)

What are you looking forward to in the coming week? Share below :point_down:


Benchmark indices rallied over 2%, lifted by the merger of HDFC & HDFC Bank, strong global cues, and falling crude prices. Nifty closed the day above 18k mark while Sensex, 60k.

:oil_drum: Brent Crude: 104.74 -0.80%
:heavy_dollar_sign: USD INR Spot: 75.54 -0.32%
:scroll: India 10Y Bond yield: 6.899 0.82%

All sectoral indices finished the day in green. Nifty Bank index gained the most, rising over 4%, followed by the Nifty Metal and Pharma indexes, which both rose by over 1.5%.

Amongst the F&O stocks

:chart_with_upwards_trend: HDFC Bank was the top gainer.

:chart_with_downwards_trend: Mphasis was the top loser.

:newspaper: In the news

India’s largest private lender HDFC Bank will merge with housing finance firm HDFC Ltd, the companies said on Monday. As part of the deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41% of HDFC Bank.

India’s manufacturing activity in March fell marginally to 54.0 from February’s 54.9. The fall highlighted the joint-weakest rate growth since September 2021, stated S&P Global India Manufacturing Purchasing Managers’ Index.

The yield on the 10-year government bond rose 8 basis points to hit a 33-month high on April 4 as the Centre’s borrowing target exceeded traders’ expectations. The yield rose to 6.92 %—a level last seen on June 26, 2019. The yield on the 5.74%bond due in 2026 was up 8 basis points to 6.18%.

Unemployment rate in the country is decreasing with the economy slowly returning to normal, according to CMIE data the overall unemployment rate in India was 8.10 per cent in February 2022, which fell to 7.6% in March.

IOC, Larsen & Toubro and ReNew Power on Monday came together to form a joint venture to develop a green hydrogen business.

:earth_americas: Around the World

Turkey’s inflation hit a new record in March, driven up by the fallout from Russia’s invasion of Ukraine and soaring energy prices. Consumer prices accelerated to 61.14% at an annual rate, up from 54.4% in February, according to the statistics agency.

Sri Lanka’s cabinet resigned en masse from their positions at a late-night meeting, further deepening the economic crisis in the country, the education minister Dinesh Gunawardena confirmed on Sunday.

Tesla CEO Elon Musk has taken a 9.2% stake in social media company Twitter, a regulatory filing released on Monday showed. Twitter is up more than 25% in premarket trading after this news.

Nifty and Sensex dropped more than 0.50% due to heavy selling in the financial stocks and rising crude oil prices, ending a two-day winning streak. US futures are trading marginally lower.

:oil_drum: Brent Crude: 108.1 0.20%
:heavy_dollar_sign: USD INR Spot: 75.32 -0.32%
:scroll: India 10Y Bond yield: 6.9 0.03%

Nifty FMCG, Auto and Energy were the top performing sectors for the day, surging by over 1% each. Nifty Bank was the top dragger, down by 1.47%.

Amongst the F&O stocks

:chart_with_upwards_trend: Tata Power was the top gainer.
:chart_with_downwards_trend: SBI Card was the top loser.

:newspaper: In the news

Domestic passenger vehicle retail sales declined in March by 4.87% as compared to the same month last year. According to FADA, passenger vehicle sales stood at 2,85,240 units in March 2021.

Jio-bp and TVS Motor Company announced on April 5 that they have agreed to explore the creation of a robust public electric vehicle (EV) charging infrastructure for electric two-wheelers and three-wheelers by building on Jio-bp’s growing network in this space.

The asset quality of the Indian banking system is set to improve further with its gross NPAs estimated to decline to 5.6-5.7% by March 2023 from 6.2-6.3% in March 2022, according to ICRA.

Shares of Zomato plunged following reports that the Competition Commission (CCI) on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurant partners.

:earth_americas: Around the World

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars and raising the risk of default.

European coal futures jumped to a three-week high after reports of EU planning to propose a mandatory phaseout on coal imports from Russia in a direct response to reports of apparent war crimes by Russian forces in Ukraine.

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Benchmark indices ended the day down nearly 1% due to concerns in the global market over the US Fed’s aggressive monetary tightening to fight rising inflation.

:oil_drum: Brent Crude: 107.84 +2.15%

:heavy_dollar_sign: USD INR Spot: 75.75 +0.58%

:scroll: India 10Y Bond yield: 6.918 0.28%

Majority of sector indices ended the day in the red. Nifty PSU Bank was the leading gainer, up nearly 2%. The worst performers were Nifty Bank and IT, both losing more than 1%.

Amongst the F&O stocks

:chart_with_upwards_trend: Indian Hotels was the top gainer.

:chart_with_downwards_trend: Marico was the top loser.

:newspaper: In the news

Agricultural products exports for 2021-22 crossed $50 billion, the highest level ever achieved for agriculture outbound shipments. Wheat production has increased by more than 273%, nearly four-fold from $568 million in 2020-21 to close to $2119 million in 2021-22

The PMI Business Activity Index rose from 51.8 in February to 53.6 in March. Helped by easing of covid-induced curbs, even as inflationary pressures led by the Russia-Ukraine war pushed up cost burden and dampened business confidence

Fintech major Paytm is likely to be operating EBITDA breakeven in the next six quarters, the company’s founder and CEO Vijay Shekhar Sharma said in a letter to shareholders on Wednesday

A measure of global fixed-income bonds fell after Federal Reserve Gov. Lael Brainard cited a faster-than-expected rundown of the central bank’s debt holdings. It is the first time since 2008 that the scale is trading at a discount to face value.


Not just couple of days, the trend of mid n smallcaps outperforming indices may continue for the whole month me thinks.

LIC ki IPO aane wali hai mitro :wink:

Benchmark indices continued their losses for the third session following global market weakness and concerns over the Federal Reserve reducing its bond holdings to control inflation.

:oil_drum: Brent Crude: 103.06 1.90%
:heavy_dollar_sign: USD INR Spot: 76.015 0.15%
:scroll: India 10Y Bond yield: 6.916 -0.01%

Most of the sectoral indices ended they day in negative with Nifty Pharma, Metal and Media indexes were top losers, each down by over 1%. Pharma was the top gainer, closing marginally up.

Amongst the F&O stocks

:chart_with_upwards_trend: Bharat Electronics was the top gainer.

:chart_with_downwards_trend: Escorts was the top loser.

:newspaper: In the news

Bandhan Financial Holdings along with Singapore sovereign wealth fund GIC and private equity fund ChrysCapital won the bid to buy IDFC Asset Management Company in a deal valued at Rs. 4,500 crore.

Drug maker Lupin on Thursday said it has completed the acquisition of a portfolio of brands from Anglo-French Drugs & Industries Limited (AFDIL) and its associates.

EV space collectively saw a 257% YoY growth in the last fiscal year with Tata Motors registering the highest sales, having crossed the 3,000-vehicle mark in sales last fiscal according to data FADA.

:earth_americas: Around the World

Federal Reserve officials in March “generally agreed” to cut up to $95 billion a month from the central bank’s asset holdings as another tool in the fight against surging inflation according to minutes of the Fed’s March 15-16 meeting released on Wednesday.

Shell Plc. said its withdrawal from Russia will result in $4 billion to $5 billion of impairments, while also warning investors that extreme price volatility in the first quarter could hit cash flow.

Markets were so volatile in range this week , Today being at another level!! Just hitting SLs everywhere :pensive:

Volatile and noisy has been the pattern for some time now in intraday, atleast for me. Somewhat cleaner but limited moves on daily. Equity curve of my main system has megaphone pattern! Tough market, but it will pass

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Nifty and Sensex ended three-day losing streak, gaining around 0.8% after RBI decided to keep the repo rates unchanged. Dow and Nasdaq futures indicate a good start for US markets.

:oil_drum: Brent Crude: 100.25 -1.11%
:heavy_dollar_sign: USD INR Spot: 75.895 -0.09%
:scroll: India 10Y Bond yield: 7.12 -0.01%

Apart from Nifty IT, all sectoral indices closed the day in green. Nifty Metal and FMCG were the top performing sectors, up by over 2%, followed closely by Nifty Energy index, up 1.88%.

Amongst the F&O stocks

:chart_with_upwards_trend: Cholamandalam Investment and Finance was the top gainer.

:chart_with_downwards_trend: RBL Bank was the top loser.

:newspaper: In the news

The Monetary Policy Committee of the Reserve Bank of India on April 8, based on an assessment of the macroeconomic situation and the outlook, voted unanimously to keep the policy repo rate unchanged at 4%.

RBI raised the retail inflation target for the current FY to 5.7% on the back of rising global prices amidst the ongoing geo-political tensions, even as it expected the prices of cereals and pulses to soften on prospects of good winter crop harvest.

International Holding Company (IHC) the Abu Dhabi based conglomerate, will invest $2bn as primary capital in three listed Adani portfolio companies – Adani Green Energy, Adani Transmission, and Adani Enterprises via preferential allotment of shares.

Equity inflows for the month of March come in at multi-year highs making it the 13th consecutive monthly net inflow, amid a volatile stock market environment and continued selling from FPIs. Inflows are at Rs. 28,252 cr against 19,645 cr last month.

India’s tax collections soared to a record high of Rs. 27.07 lakh crore in 2021-22 as mop-up from income and other direct taxes as well as indirect taxes jumped.

:earth_americas: Around the World

World food prices soared 13% in March to a new record high as the war in Ukraine caused turmoil in markets. The Food and Agriculture Organization’s food price index, which tracks the most globally traded food commodities, averaged 159.3 points last month versus 141.4 in Feb.

Japan will ban imports of Russian coal, adding to pressure on Moscow after the EU imposed its own embargo on the fuel.

The U.S. dollar edged higher in early European trade Friday, trading at a two-year high and underpinned by the likelihood of sharp rises in interest rates by the Federal Reserve.