Weekly Trading Diary: 7th to 11th November 2022

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

Here’s how the markets fared over the week ended 4th November;

Things to watch out for in the coming week;


It’ll be a busy week in the primary market as IPOs of Five Star Business Finance, Archean Chemical Industries and Kaynes Technology will open for subscription. Collectively the companies are looking to raise around Rs. 4280 crores. Details :point_down:

Period Price Range Bid Lot Issue Size
Five Star Business Finance 9th to 11th November Rs. 450 - 475 31 and in multiples thereof Rs. 1,960.01 crores
Archean Chemical Industries 9th to 11th November Rs. 386 - 407 36 and in multiples thereof Rs, 1,462.31 crores
Kaynes Technology India 11th to 14th November Rs. 559 – 587 25 and in multiples thereof Rs. 857.82 crores


7th November 8th November 9th November 10th November 11th November 12th November
Affle Cholamandalam Financial Holdings Deepak Nitrite Bata India ABB India Aurobindo Pharma
BPCL Dr. Lal Pathlabs Finolex Cables Deepak Fertilisers Alkem Labs
BSE Ltd. Godrej Consumer Products Godrej Properties Eicher Motors BHEL
CEAT Honeywell Automation Pidilite Industries Indian Hotels Delhivery
Divi’s Laboratories Star Health and Allied Insurance Jindal Steel & Power Exide Industries
India Cements NHPC Glenmark Pharma
PayTm SAIL GSK Pharma
PB Fintech Samvardhana Motherson International IDFC
Trent Ltd. Info Edge
Zomato LIC
Zydus Lifesciences

Key economic events

A less busy week on the macroeconomic front but there are some key data points to look forward to, especially the October CPI Inflation numbers in the US, which will be released on 10t of November. While Indin inflation data for the month of October will come out on 11th November along with the industrial and manufacturing output numbers.

7th November 8th November 9th November 10th November 11th November
China CPI Inflation (OCT) US CPI Inflation (OCT) India CPI Inflation (OCT)
PPI Inflation (OCT) Jobless Claims Industrial Output
US Crude Oil Inventories Manufacturing Output
UK GDP Growth (Q3CY22)
Manufacturing Production
Industrial Production

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

We have a trading holiday tomorrow in our markets and US will have their mid term elections, impact can be seen during the opening on 9th. Take care of your F&O positions with heavy exposure

Benchmark indices recovered from the day’s lows to close around 0.4% gains, extending gains for the second straight session. US markets look to be off to a positive start.

:oil_drum:Brent Crude: 98.21 -0.37%
:heavy_dollar_sign:USD INR Spot: 81.92 -0.63%
:scroll:India 10Y Bond yield: 7.437 -0.43%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Bank of Baroda was the top gainer.

:chart_with_downwards_trend: Divi’s Laboratories was the top loser.

:page_with_curl: Earnings Update:

Divi’s Labs: Net Profit: Rs.493.6 cr :arrow_down:18.6% YoY; Revenue: Rs.1854.5 cr :arrow_down:6.7% YoY.

India Cements: Net Loss: Rs.113.26 cr :arrow_down: against Profit of 29.75 cr YoY; Revenue: Rs 1327 cr :arrow_up:18.4% YoY.

CEAT: Net Profit: Rs.6.2 cr :arrow_up: against Loss of 4.1 cr YoY; Revenue: Rs 2,894.5 cr :arrow_up:18.1% YoY.

Ujjivan Small Finance Bank: Net Profit: Rs.294.3 cr :arrow_up: against Loss of 273.8 cr YoY; NII: Rs 663.2 cr :arrow_up:9.5% YoY.

:newspaper: News

Vehicle retail sales rose 48% YoY to 20,94,378 units in October and were up 8% compared to Oct 2019 sales as the sentiments were boosted by the festive season according to the Federation of Automobile Dealers Associations (FADA).

Voltas to invest over ₹1,000 crores to expand its manufacturing capacity including a new plant near Chennai while another proposed ₹500-crore compressor plant in partnership with China’s Highly International is yet to receive government clearance: MD Pradeep Bakshi to ET.

For the first time since May 2020 both China’s exports and imports unexpectedly contracted by 0.3% and 0.7% respectively in October, indicating a slowdown in global demand and new COVID-19 restrictions disrupting output and consumption.

Unsold housing stock across nine major cities fell 12% YoY to 4,77,570 units at the end of the September quarter on better sales in Delhi-NCR, Bengaluru, and Pune: Data Analytic firm PropEquity.

The government’s efforts to reduce bad loans are yielding results, with 12 PSBs reporting a 50% rise in total net profit at Rs 25,685 crore in the Q2 ended September. The cumulative net profit of all PSBs rose by 32% to Rs 40,991 cr in the first half of FY23: Ministry of Finance

Benchmark indices closed near the day’s low, down 0.25% following negative global cues. US futures too are trading lower.

:oil_drum:Brent Crude: 94.56 -0.55%
:heavy_dollar_sign:USD INR Spot: 81.435 -0.59%
:scroll:India 10Y Bond yield: 7.387 -0.63%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: PI Industries was the top gainer.

:chart_with_downwards_trend: MRF was the top loser.

:page_with_curl: Earnings Update:

Tata Motors: Net Loss: Rs. 944.6 cr against loss of Rs. 4,441 cr YoY; Revenue: Rs. 79,611.3 cr :arrow_up: 29.7% YoY.

Bajaj Consumer: Net Profit: Rs. 31.6 cr :arrow_down: 32% YoY; Revenue: Rs. 232.4 cr :arrow_up: 7.5% YoY.

BEML: Net Profit: Rs. 16.3 cr :arrow_up: 53.7% YoY; Revenue: Rs. 805 cr :arrow_down: 20.5% YoY.

NALCO: Net Profit: Rs. 170 cr :arrow_down: 77.3% YoY; Revenue: Rs. 3,490 cr :arrow_down: 2.8% YoY.

Godrej Properties: Net Profit: Rs. 55 cr :arrow_up: 54.5%YoY; Revenue: Rs. 165 cr :arrow_up: 27.6% YoY.

:newspaper: News

Coal India’s capital expenditure grew 33% YoY to Rs. 7,027 crores in April-September quarter of FY23 with the two coal evacuation infrastructure heads - setting up of coal handling plants (CHP)/silos and railways lines accounting for 36% CRS of the total CAPEX in the period.

In a joint statement, Amazon India and TVS Motor Company have announced their collaboration where a fleet of electric 2-wheelers and 3-wheelers from TVS Motor will be deployed for Amazon’s last-mile deliveries.

Meta Platforms announced it had sacked over 11,000 employees and is set to extend the freeze it has imposed on new hiring on the backdrop of a slowdown in the digital advertising market and a fall in revenues.

US inflation data will be out today. Take care of your big positions.

Benchmark indices fell 0.7%, closing in the red for the second session, as investors remained cautious ahead of US inflation data due later today. US futures are trading higher.

:oil_drum:Brent Crude: 92.26 -0.12%
:heavy_dollar_sign:USD INR Spot: 81.8075 0.46%
:scroll:India 10Y Bond yield: 7.349 -0.51%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Godrej Properties was the top gainer.

:chart_with_downwards_trend: Aurobindo Pharma was the top loser.

:page_with_curl: Earnings Update:

Muthoot Finance: Net Profit: Rs.867.2 cr :arrow_down:12.8% YoY; NII: Rs.1,595 cr :arrow_down:13.8% YoY.

Jindal Steel & Power: Net Profit: Rs.200 cr :arrow_down:92.3% YoY; Revenue: Rs.13,521 cr :arrow_down:0.7% YoY.

Berger Paints: Net Profit: Rs.219.4 cr :arrow_up:0.2%YoY; Revenue: Rs.2,670.9 cr :arrow_up:20% YoY.

Eicher Motors: Net Profit: Rs.656.8 cr :arrow_up:76% YoY; Revenue: Rs.3,519.4 cr :arrow_up:56.4% YoY.

Oil India: Net Profit: Rs.1,896.2 cr :arrow_down:32.4% YoY; Revenue: Rs.8,258.7 cr :arrow_down:22.7% YoY.

Page Industries: Net Profit: Rs.162.1 cr :arrow_up:1% YoY; Revenue: Rs.1,255 cr :arrow_up:15.8% YoY.

Deepak Fertilisers: Net Profit: Rs.272 cr :arrow_up:199% YoY; Revenue: Rs.2,719.3 cr :arrow_up:51.7% YoY.

:newspaper: News

US defense and aviation major Boeing is investing $ 200 million to build a 43-acre wholly-owned engineering and technology campus, Boeing’s largest facility of its kind outside the US, for its R&D team in Bengaluru.

BSNL to go ahead with a Rs 26,821 crore order to Tata Consultancy Services (TCS) for rolling out the state-run telco’s 4G network as the company received government approval: Report by ET

Axis Bank fell 3.7% after the government, via Specified Undertaking of the Unit Trust of India (SUUTI), initiated a sale of 1.55% via OFS route with the floor price for the offer at Rs.830.63.

Global steel giant ArcelorMittal’s net profit fell 78% to USD 993 million and sales fell 6% to USD 19 billion in the September quarter, mainly due to low demand and higher energy costs.

Aurobindo Pharma plunged 11.5% after ED arrested its director Sarath Reddy under sections of the Prevention of Money Laundering Act (PMLA).

As per the report compiled by energy think tank Ember, India saved $4.2 billion in fuel costs through solar energy generation and avoided an additional 19.4 million tonne (mt) of coal in the first half of the year.

Hope there were no big shorts. We will definitely get better opportunities going forward.

Benchmark indices surged nearly 2% as favourable US inflation data lifted sentiments globally. US futures are indicating a solid opening for US markets.

:oil_drum:Brent Crude: 96.46 3.42%
:heavy_dollar_sign:USD INR Spot: 80.795 -1.24%
:scroll:India 10Y Bond yield: 7.308 -0.52%

Nifty 50 market breadth for the day;

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

:chart_with_upwards_trend: Info Edge (India) was the top gainer.

:chart_with_downwards_trend: GNFC was the top loser.

:page_with_curl: Earnings Update:

Hindalco: Net Profit: Rs.2,205 cr :arrow_down: 35.4% YoY; Revenue: Rs.56,176 cr :arrow_up: 18% YoY.

Info Edge: Net Profit: Rs.103 cr :arrow_down: 42.4% YoY; Revenue: Rs.604.1 cr :arrow_up: 10.4% YoY.

Alembic Pharma: Net Profit: Rs.133.3 cr :arrow_down: 18.7% YoY; Revenue: Rs.1,475 cr :arrow_up: 14.1% YoY.

Ipca Labs: Net Profit: Rs.143.9 cr :arrow_down: 42.5% YoY; Revenue: Rs.1,601 cr :arrow_up: 3.7% YoY.

Exide: Net Profit: Rs.241.1 cr :arrow_up: 24.1% YoY; Revenue: Rs.3,841 cr :arrow_up: 13.3% YoY.

BHEL: Net Profit: Rs.10.3 cr :arrow_up: against Loss of 68 cr YoY; Revenue: Rs 5,202.6 cr :arrow_up: 1.8% YoY.

Adani Power: Net Profit: Rs.695.5 cr :arrow_up: against Loss of 230.6 cr YoY; Revenue: Rs 7,044 cr :arrow_up: 36% YoY.

Zydus Lifesciences: Net Profit: Rs.522 cr :arrow_up: 73.8% YoY; Revenue: Rs.4,134.7 cr :arrow_up: 10% YoY.

:newspaper: News

Passenger vehicle wholesales in India grew 29% to 2,91,113 units in October, Total number of passenger vehicles sent from companies to dealers was 2,26,353 units in October 2021. As compared to October 2021, total two-wheeler dispatches rose 2% to 15,77,694 units. : SIAM

Moody’s Investors Service lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier, attributing the fall to external headwinds like slowing global growth and tightening of monetary policies that the Indian economy has been witnessing.

JSW Steel’s standalone crude steel production rose 25% in October 2022 to 17.76 LT. Flat-rolled product production rose by 30% to 13.61 LT, while long-rolled product output grew by 11% to 3.70 LT. Last month, capacity utilization improved to 93%, up from 89% in September 2022.

The UK’s economy shrank in the quarter ending September as GDP contracted 0.2% on the backdrop of a slowdown in production and services sectors due to rising inflation and declining growth, Friday’s official data showed.

Global spending on food imports is expected to reach a record $1.94 trillion up by 10% YoY in 2022 due to the depreciating values of currencies against the US dollar as well as Russia’s ongoing war in Ukraine as per the UN’s Food and Agriculture Organization.

We’re gonna see some good opportunities coming up. So stay alert!