Weekly Trading Diary: 8th to 12th August 2022

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

A quick look at the performance of markets in the week gone by;

Indian benchmark indices managed to finish another week positively, carrying the positive momentum to the third week. Sensex and Nifty surged around 1.4 per cent each, despite RBI hiking interest rates and rising geopolitical tensions between US and China over Taiwan.

On a sectoral front, Nifty IT, Auto and Metal were the top performing sectors, closing the week with gains of over 2 per cent each. Nifty Realty was the only losing sector, down by around 2.9%.

Here’s how global markets fared in the week ended 5th August.

Things to watch out for in the coming week;


8th August 9th August 10th August 11th August 12th August
Adani Ports IDFC Ltd. Abbott India Apollo Hospitals Apollo Tyers
AstraZeneca Pharma India IGL Ltd. Cholamandalam Financial Holdings Apollo Tyers Divi’s Laboratories
Bharti Airtel MRF Ltd. Coal India Aurobindo Pharma Godrej Industries
Delhivery Tata Chemicals Eicher Motors Bata India Grasim Industries
Indian Hotels Glenmark Pharma Bharat Forge Hero MotoCorp
National Aluminium Company Hindalco Divi’s Laboratories India Cements
PowerGrid Corp. Ipca Laboratories Page Industries Info edge
Torrent Power IRCTC LIC
Max Healthcare ONGC Ltd.
PB Infotech PFC Ltd.
Pidilite Industries Sun TV Network
Tata Consumer Products
Zydus Lifesciences

Key macroeconomic events to watch for;

8th August 9th August 10th August 11th August 12th August
China CPI Inflation (JUL) US Jobless Claims India CPI Inflation (JUL)
PPI Inflation (JUL) PPI Inflation (JUL) Industrial Output (JUL)
US CPI Inflation (JUL) Manufacturing Output (JUL)
Crude Oil Inventories Eurozone Industrial Production (JUL)
UK GDP Estimates (Q2)
Manufacturing Production (JUN)
Industrial Production (JUL)

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

1 Like

Excepting Nifty to be in rangebound before any breakout or breakdown

chart-fadd analysis. keep it up :+1:

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Benchmark indices gained around 0.8% on positive global market cues and falling crude oil prices. Dow and Nasdaq futures point to a positive opening for US markets.

:oil_drum:Brent Crude: 93.8 -0.58%
:heavy_dollar_sign:USD INR Spot: 79.66 0.54%
:scroll:India 10Y Bond yield: 7.349 0.67%

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: Hindustan Aeronautics was the top gainer.

:chart_with_downwards_trend: Hindustan Petroleum was the top loser.

:page_with_curl: Earnings Update:

Adani Ports: Net Profit: Rs. 1,072 cr :arrow_down: 16% YoY; Revenue: Rs.4,638 cr :arrow_down: 0.7% YoY.

SBI: Net Profit: Rs 6,068 cr :arrow_down: 6.7% YoY; Net Interest Income: Rs. 31,196 Cr :arrow_up: 12.87% YoY.

Bharti Airtel: Net Profit: Rs. 1,607 cr :arrow_up: 466% YoY; Revenue: Rs 32,805 cr :arrow_up: 21% YoY.

:newspaper: In the news

Net inflows in equity mutual funds fell by 42% in July to Rs 8,898 crore compared to Rs 15,497 crore in June 2022, as per the monthly data released by AMFI.

SoftBank Group Corp. reported a record 3.16 trillion yen ($23.4 billion) net loss as its Vision Fund’s portfolio of investments suffered due to the selloff in global tech stocks.

The government introduced the electricity amendment bill, 2022, in the Lok Sabha amid opposition party protests, with power minister RK Singh stating that the law, which aims to streamline payments and encourage competition, would be sent to the parliamentary standing committee.

Berkshire Hathaway Inc. reported a $43.8 billion loss as its bottom line was hit in the second quarter due to the slide in U.S Stock prices. Berkshire nevertheless generated nearly $9.3 billion of operating profit.

HPCL and BPCL fell 5 and 3% respectively after the companies booked huge losses in the quarter that ended in June (Q1FY23) on the back of a freeze in petrol and diesel prices, the fuel retailers clocked big losses that wiped away their marketing margin.

JSW Steel will invest over Rs 48,000 crore in the next three years as part of its capex plan with Rs 20,000 crore capex (capital expenditure) for the 2022-23 financial year, company’s CMD Sajjan Jindal has said.

Paddy acreage is down 1 % in areas like West Bengal, Jharkhand, Bihar, and Chhattisgarh due to low rains. According to agriculture ministry data, as of August 5, the area planted with paddy was 274.30 lakh hectares, down from 314.14 LH at the same time last year.

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Which Website is good for following US stock market indices chart ?

Benchmark indices ended the day flat, amid mixed global cues, ahead of US inflation data that will determine the Fed’s next move. US futures indicate a good start for US markets.

:oil_drum:Brent Crude: 94.54 -2.01%
:heavy_dollar_sign:USD INR Spot: 79.52 -0.18%
:scroll:India 10Y Bond yield: 7.312 -0.49%

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: Tata Chemicals was the top gainer.

:chart_with_downwards_trend: Balrampur Chini Mills was the top loser.

:page_with_curl: Earnings Update:

Pidilite: Net Profit: Rs. 357.5 cr :arrow_up:64.3% YoY; Revenue: Rs 3101 cr :arrow_up: 60.1% YoY.

Tata Consumer: Net Profit: Rs. 255.5 cr :arrow_up:38% YoY; Revenue: Rs.3327 cr :arrow_up:10.6% YoY.

Indiabulls Housing Finance: Net Profit: Rs.286.6 cr :arrow_up:1.78% YoY; Revenue: Rs. 2075 cr :arrow_down:10.6% YoY.

Hindalco: Net Profit: Rs.4119 cr :arrow_up:48% YoY; Revenue: Rs.58018 cr :arrow_up:40.28% YoY.

IRCTC: Net Profit: Rs.245.52 cr :arrow_up:198% YoY; Revenue: Rs.852 cr :arrow_up:250% YoY.

:newspaper: In the news

JSW Energy announced its largest acquisition as its arm JSW Neo Energy will buy a portfolio of 1.75 gigawatts (GW) renewable energy assets from Mytrah Energy for Rs 10,530 crore.

The Civil Aviation Ministry on Wednesday announced that it is doing away with the fare caps for domestic airlines from August 31, 2022.

German power prices rise to a record on the reports of ongoing heat waves and drought severely restricting one of Europe’s key waterways for shipping energy supplies.

Thailand’s central bank on Wednesday raised its key policy rate for the first time in 4 years by 0.25% to 0.75%, to keep in check the country’s increasing inflationary pressures.

State-owned NBCC Ltd announced that it has signed an agreement with the External Affairs Ministry to redevelop a housing complex in central Delhi for Rs 175 crore.

Benchmark indices surged by nearly 1% in line with positive US inflation data, sparking strong market moves globally. Dow and Nasdaq futures indicate a good start for US markets.

:oil_drum:Brent Crude: 98.06 1.10%
:heavy_dollar_sign:USD INR Spot: 79.635 0.14%
:scroll:India 10Y Bond yield: 7.269 -0.56%

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: Mahanagar Gas was the top gainer.

:chart_with_downwards_trend: Abbott India was the top loser.

:page_with_curl: Earnings Update:

Coal India: Net Profit: Rs. 8,834 cr :arrow_up: 178% YoY; Revenue: Rs. 32,498 cr :arrow_up: 39% YoY.

Bharat Forge: Net Profit: Rs. 164.45 cr :arrow_up: 7.03% YoY; Revenue: Rs. 2,851.5 cr :arrow_up: 35.3% YoY.

Glenmark: Net Profit: Rs. 211.1 cr :arrow_down: 31% YoY; Revenue: Rs. 2,777.3 cr :arrow_down: 6.3% YoY.

SAIL: Net Profit: Rs 804.5 cr :arrow_down: 79% YoY; Revenue: Rs. 24,199 Cr :arrow_up: 16.6 % YoY.

:newspaper: In the news

The US CPI Inflation came in at 8.5% YoY against an expectation of 8.7% thereby propelling a 2.5% rally in Nasdaq as the market’s expectation of slowing rate hikes gathered pace on the back of inflation slowing down.

India’s home loan market, currently valued at about Rs 24 lakh crore, is expected to double in the next five years, mirroring the overall trend in the country’s aspirations to become a $5 trillion economy by then, SBI said in a report.

The RBI’s diktat directing credit rating agencies to adopt specific criteria while assigning credit enhanced (CE) ratings to bank facilities could potentially lower the credit ratings of around 100 entities, corresponding to Rs 35,000 crore of rated debt, rating agency Icra has said.

The rupee reversed early gains to end on a weak note on the back of higher oil prices even as the dollar struggled a day after its biggest fall in five months.

New Zealand’s housing market decline gathered pace in July, with a key gauge of property prices recording its first annual drop in 11 years.

Benchmark indices ended the choppy session with small gains following mixed global cues ahead of today’s retail inflation data report. US stocks are set for a good start.

:oil_drum:Brent Crude: 98.23 -1.03%
:heavy_dollar_sign:USD INR Spot: 79.655 0.03%
:scroll:India 10Y Bond yield: 7.289 0.30%

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: Bharat Forge was the top gainer.

:chart_with_downwards_trend: IPCA Laboratories was the top loser.

:page_with_curl: Earnings Update:

Divi’s Labs: Net Profit: Rs.702 cr :arrow_up:26% YoY; Revenue: Rs 2343 cr :arrow_up:17.32% YoY.

PFC : Net Profit: Rs.4579.5 cr :arrow_up:0.5% YoY; Revenue: Rs 18532.2 cr :arrow_down:2.3% YoY.

Muthoot Finance: Net Profit: Rs.802 cr :arrow_down:17.4% YoY; NII: Rs.1562.4cr :arrow_down:8.4% YoY.

Zee Entertainment: Net Profit: Rs 106.6 cr :arrow_down: 49% YoY; Revenue: Rs.1845.7 Cr :arrow_up: 4% YoY.

:newspaper: In the news

The passenger vehicle dispatches to dealers increased by 11 % in July as improvement in semiconductor supplies helped the companies to ramp up production ahead of the festive season, auto dealers’ body SIAM said.

The UK’s economy shrank 0.1% in the April-June quarter, after a rise of 0.8 percent in the previous quarter, the Office for National Statistics said in a statement. The BoE expects the economy to fall into recession this year.

AB Capital announced the investment of Rs 665 crore by a subsidiary of Abu Dhabi Investment Authority (ADIA) in Aditya Birla Health Insurance (ABHI), valuing the health insurance company at approximately Rs 6,650 crore.

The Adani Group is planning to invest Rs 57,575 crore in Odisha with the state government approving its proposal to set up two projects — a 4 million metric tonnes per annum (MMTPA) Integrated alumina refinery and iron ore (value addition) project.

Edible oil imports rose 31 % to 12.05 lakh tonnes in July amid a fall in global prices of palm, soybean, and sunflower oils since June, according to industry data. The import of edible oils stood at 9.17 lakh tonnes in the same month last year.

Credit growth in China slowed sharply in July, dragged down by a fall in the property market and weak consumer and business demand. The People’s Bank of China reported Friday that aggregate financing, a broad measure of credit, was 756 billion yuan ($112 billion).