Weekly Trading Diary: 4th to 8th July 2022

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


A quick look back at market performance in the week gone by;

Benchmark indices started the week on a positive note but didn’t manage to sustain the momentum, dropping off from the highs. Though managed to squeeze out small gains in for the week. Both Sensex and Nifty ended higher by 0.34%.


All sectoral indices, barring monir losses in Nifty PSU Bank and Nifty Bank, closed the week in green.


Here’s how the major global markets fared in the week ended 1st July.


Things to watch out for in the coming week;

Earnings

Earnings season for the first quarter of FY22-23 will be kicking off in the coming week with Tata Consultancy Services releasing its earnings on 8th July.

Key macroeconomic events to watch for

4th July 5th July 6th July 7th July 8th July 9th June
Japan Services PMI (JUN) Eurozone Retail Sales (MAY) Eurozone ECB Monetary Policy Meeting Minutes Japan Household Spending (MAY) China CPI Inflation (JUN)
China Services PMI (JUN) UK Construction PMI (JUN) US Jobless Claims US Nonfarm Payrolls (JUN) PPI Inflation (JUN)
Eurozone Services PMI (JUN) US FOMC Meeting Minutes Nonfarm Employment Change Unemployment Rate (JUN)
UK Services PMI (JUN) ISM Non-Manufacturing PMI (JUN) Crude Oild Inventories
Composite PMI (JUN)
US Factory Orders (MAY)

So, what are you looking forward to in the coming week? Share below and join the discussion :point_down:

2 Likes

Good morning all

We can see a good bounce in mrkt if 16650-700 level holds as crude/US bond yields have cooled down decently although on fears of recession. But it bodes well for markets like india.

Will FIIs soon make a comeback to our mrkts in july? thats my bold bet for this month

Benchmark indices closed the day up by over half a percent, breaking a three session losing streak.

:oil_drum:Brent Crude: 112.32 +0.84%
:heavy_dollar_sign:USD INR Spot: 78.95 -0.12%
:scroll:India 10Y Bond yield: 7.374 -0.67

Nifty 50 market breadth for the day by @TickerTapeIN

Here’s how the major sectors fared.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: IDFC FIRST Bank was the top gainer.

:chart_with_downwards_trend: ONGC was the top loser.

:newspaper: In the news

The proposed merger of HDFC Bank and its parent firm is another step closer to its amalgamation as the proposal has been accepted by stock exchanges National Stock Exchange and Bombay Stock Exchange, while noting that they have “no objection”.

India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels.

Tata Power signed a MoU with the Tamil Nadu Government to invest around Rs. 3,000 cr in a new 4GW solar cell and 4GW solar module manufacturing plant.

HDFC Bank reported 21.5% YoY growth in advances to Rs. 13.95 trillion in Q1 FY23. Advances were at Rs. 11.48 trillion in Q1 FY22. On a sequential basis, the bank’s loans grew 1.9% from Rs. 13.69 trillion on March 31, 2022.

Turkey reports inflation surging at 79% as global food and energy shocks compound domestic pressures from a weak lira and low interest rates.

Germany reported its first monthly trade deficit in three decades, as companies faced surging costs for imports and softer demand for their products amid a darker economic outlook.

Nifty and Sensex fell gave up all the early gains to close marginally lower. US markets too look set for a weak opening.

:oil_drum:Brent Crude: 111.61 -1.9%
:heavy_dollar_sign:USD INR Spot: 79.37 0.53%
:scroll:India 10Y Bond yield: 7.391 0.23%


Nifty 50 market breadth for the day.


Here’s how the major sectors fared.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: SBI Cards was the top gainer.

:chart_with_downwards_trend: RBL Bank was the top loser.



:newspaper: In the news

India’s trade deficit grew to a record high of $25.63 billion in June compared to $9.61 billion during the same period last year. The merchandise exports grew 16.8% YoY in June 22. While imports surged 51.03% YoY.

HDFC Bank received no-objection certificate from the Reserve Bank of India for its merger with HDFC Ltd.

Automobiles registration across all categories rose by 27.16% to 1.5 million units in June as per FADA.

Vedanta reported a 3% increase in its aluminium production to 5.65 lakh tonnes in the April-June quarter of the current fiscal.

The Euro declined to a two-decade low of 1.028 against the U.S. Dollar today as a jump in natural gas prices reignited worries about the Eurozone economy and data showed business growth in the region slowed sharply in June.

Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities

Saudi Arabia increased oil prices for the Asian market. The official selling price for August-loading Arab Light to Asia was raised by $2.80 a barrel from July to $9.30 a barrel over Oman/Dubai quotes.



Current Indian market valuations. Are we closer to a bottom or there’s more pain ahead?



Indian Rupee has fallen over 6% against the US Dollar in 2022. It’s the third-biggest fall in the last decade. With the continued strength of the dollar, rising FII outflows and twin deficits, do you think the Rupee is headed toward the Rs. 80 mark?

300 points from this level in nifty

Seen a buy figure yesterday from FIIs after a long time…long way to go

Interesting to note that small n midcaps havent yet participated fully in the recovery.

Benchmark indices surged over 1% with Nifty closing just shy of 16k mark, following positive global cues and decline in oil prices. US markets look set for a muted opening.

:oil_drum:Brent Crude: 104.13 -0.60%
:heavy_dollar_sign:USD INR Spot: 79.3025 -0.09%
:scroll:India 10Y Bond yield: 7.298 -1.26%

A look at Nifty 50 market breadth for the day.

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: ABB India was the top gainer.

:chart_with_downwards_trend: ONGC was the top loser.

:newspaper: In the news

India’s coal production increased by 32.57% year-on-year to 67.59 mt. While coal dispatch rose by 20.69% to 75.46 mt in the same period.

DGCA issued a show cause notice to Spice Jet for poor internal safety oversight and inadequate maintenance actions following a spate of incidents.

Reliance Retail entered into a partnership with Gap Inc. to become the official retailer for Gap across all channels in the country.

Gold hovered near a fresh seven-month low on Wednesday, with U.S. Dollar hiting two decade high. Investors continued to snub bullion and look to the greenback for safety amid growing concerns over worsening global economic outlook.

16100 done from (15650-700) please ignore the typo

Nifty now seems to have shifted its base from 15400-800 to 15800 and 16200 range.

With softening of crude oil and yields, downside seems limited for now. But, there is very little strength from the bulls to break through on the upside.

need to look for other triggers now.

Benchmark indices rose nearly 1%, extending gains for the second day following positive trends in global markets and easing commodity prices. US futures are trading higher, signalling a positive opening.

:oil_drum:Brent Crude: 101.67 1.91%
:heavy_dollar_sign:USD INR Spot: 79.175 -0.16%
:scroll:India 10Y Bond yield: ​​ 0.85%

A look at Nifty 50 market breadth for the day.

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: NBCC India was the top gainer.

:chart_with_downwards_trend: Godrej Consumer Products was the top loser.

:newspaper: In the news

India’s coal based power generation rose by 26.58% to 95,880 million units in June. This comes in the wake of several parts of the country witnessing power outages in the peak summer months of April and May due to shortage of coal supplies at various thermal plants.

Metal stocks surged over 4% on reports that China is considering $220 billion in stimulus to shore up its economy through fast-tracking of bond sales.

JSW Steel posted a 16% spike in its consolidated crude steel output at 5.88 million tonne during the April-June quarter.

South Korea will tighten a broad limit on fiscal spending to rein in national debt that accelerated during the pandemic, President Yoon Suk Yeol said.

Nifty and Sensex extended gains for the third straight session. Ending the week higher by around 2.9%. US markets look set for a mixed opening.

:oil_drum:Brent Crude: 104.98 0.72%

:heavy_dollar_sign:USD INR Spot: 79.25 0.09%

:scroll:India 10Y Bond yield: 7.418 0.87%


Nifty 50 market breadth for the day.


Sectoral performance.

Check out more stats at: stocks.zerodha.com


Amongst the F&O stocks

:chart_with_upwards_trend: India Cements was the top gainer.

:chart_with_downwards_trend: NBCC was the top loser.


:page_with_curl: Earnings Update:

TCS: Net Profit: Rs. 9,478 cr :arrow_up: 5.2% YoY; Revenue: Rs. 52,758 cr :arrow_up: 16.2% YoY.


:newspaper: News

Sales of Tata Motors-owned Jaguar declined by 48%, while Land Rover were lower by 33% in the April-June quarter. Impacted by semiconductor shortage, and COVID lockdowns in China.

The government has directed edible oil manufacturers to cut prices of edible oil by Rs. 15 per litre amid easing imported edible oil prices.

Power Finance Corporation inked a loan pact for JPY 30 billion with Japan Bank for International Cooperation. The funds under the facility would be used by PFC to finance its renewable energy portfolio.

Tesla’s monthly sales of China-made vehicles were at its highest since opening its Shanghai plant in 2019. Selling 78,906 vehicles in June. China’s overall passenger car sales totalled 1.97 million in June, up 22% YoY.


Equity mutual funds saw inflows of 15,497.76 crore in June, with Net AUM at 12.86 lakh crore.

A look at how various mutual fund categories fared in June.