Weekly trading diary: 8th to 12th May 2023

Tradingqna · May 7, 2023, 1:08pm

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

Here’s how markets fared in the week gone by;

Things to watch out for in the coming week;

IPOs

IPO of Nexus Select Trust REIT, which invests in retail real estate properties will open subscription on 9th May and close on 11th May.

Issue Price: Rs. 95 - 100
Lot Size: 150 and in multiples thereof
Issue Size: Rs. 3,200 crores.

You can check out more details on the IPO here: Everything you need to know about the Nexus Select Trust REIT IPO

Corporate earnings

8th May	9th May	10th May	11th May	12th May	13th May
Aarti Industries Limited	Apollo Tyres Limited	Bosch Limited	Asian Paints Limited	Aarti Pharmalabs Limited	Affle (India) Limited
Canara Bank	Indraprastha Gas Limited	Dr. Reddy’s Laboratories Limited	Deepak Nitrite Limited	Cholamandalam Financial Holdings Limited	Avenue Supermarts Limited
Coal India Limited	Lupin Limited	Escorts Kubota Limited	Dr. Lal Path Labs Ltd.	Cipla Limited
Easy Trip Planners Limited	SRF Limited	Larsen & Toubro Limited	Eicher Motors Limited	Dish TV India Limited
Exide Industries Limited	Suven Life Sciences Limited	Procter & Gamble Hygiene and Health Care Limited	Gillette India Limited	DLF Limited
Pidilite Industries Limited			Siemens Limited	Hindustan Aeronautics Limited
UPL Limited				Hindustan Petroleum Corporation Limited
				Manappuram Finance Limited
				Max Financial Services Limited
				Polycab India Limited
				Tata Motors Limited
				Vedanta Limited

Macroeconomic events

	8th May		10th May		11th May		12th May
Japan	BOJ Monetary Policy Minutes	US	CPI Inflation (APR)	China	CPI Inflation (APR)	India	CPI Inflation (APR)
	Services PMI (APR)		Crude Oil Inventories	UK	BOE Interest Rate Decision	UK	GDP Growth (Q1CY23)
				US	PPI Inflation (APR)		Manufacturing Production
					Jobless Claims

Tradingqna · May 8, 2023, 1:39pm

Nifty and Sensex started the week on an uptrend, gaining more than 1% following positive global market cues. US markets look set for a mixed start.

Brent Crude: 77.17 2.48%
USD INR Spot: 81.7606 0.03%
India 10Y Bond yield: 7.049 0.50%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Marico was the top gainer.

Aditya Birla Fashion and Retail was the top loser.

Earnings Update:

Canara Bank: Net Profit: Rs. 3,175 cr 90.6% YoY; NII: Rs. 8,616 cr 23% YoY.

Exide: Net Profit: Rs. 281 cr 3% YoY; Revenue Rs. 3,543 cr 3.7% YoY.

Indian Bank: Net Profit: Rs. 1,447 cr 47% YoY; NII: Rs. 5,508 cr 29.4% YoY.

UPL: Net Profit: Rs. 792 cr 42.6% YoY; Revenue: Rs. 16,569 cr 4.5% YoY.

News

TCNS Clothing closed 20% lower on the circuit after Aditya Birla Fashion (ABFRL), which also fell 3%, announced that it has entered into definitive agreements to acquire a 51% stake in TCNS Clothing, which owns brands such as W, Elleven, and Aurelia, for Rs 1650 crore.

According to the Geological Survey of India (GSI), significant lithium reserves capable of meeting 80% of the country’s demand and requirement have been identified in the Degana municipality of Nagaur district in Rajasthan.

As per industry data, OPEC’s share of India’s oil imports fell to an all-time low of 46% in April, while Russian oil raised to 1.67 million barrels per day in April, taking it to a 36 % share.

Manappuram Finance bounced back by 5% after clarification by the MD & CEO suggesting that the ED inspection pertained to a 10-year-old matter and that there are no governance issues in the company.

Indian Railways (IR) reported a monthly freight loading of 126.46 MT in April 2023, up 3.5% year on year, with freight revenue of Rs 13,893 crore, up 7% year on year.

Tradingqna · May 9, 2023, 12:27pm

Benchmark indices fell from day’s high to close little unchanged. The Dow and Nasdaq futures indicate lower opening for US markets.

Brent Crude: 76.2 -1.05%
USD INR Spot: 82.0231 0.32%
India 10Y Bond yield:7.045 -0.03%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

2023-05-09_17-25

Amongst the F&O stocks

MGL was the top gainer.

PNB was the top loser.

Earnings Update:

Raymond: Net Profit: Rs. 194.5 cr 26.1% YoY; Revenue: Rs. 2,150 cr 9.8% YoY.

SRF: Net Profit: Rs. 562.4 cr 7.1% YoY; Revenue: Rs. 3,778.1 cr 6.4% YoY.

Castrol India: Net Profit: Rs. 202.5 cr 11.3% YoY; Revenue: Rs. 1,294 cr 4.7% YoY.

News

Mankind Pharma made a strong debut, listing at around 20% premium to its issue price and closing the day nearly 32% higher.

Indiabulls Real Estate closed at 20% lower circuit after NCLT withheld merger with NAM Estates and Embassy One.

China’s trade surplus widened in April as exports grew at a healthy pace of 8.5% at $295 billion in April, despite weakening global demand, while imports shrank 7.9% YoY to $205.2 billion.

Saudi Aramco’s net profit in first quarter of 2023 dropped by 19% YoY to $31.88 billion on account of lower crude prices.

Tradingqna · May 10, 2023, 1:06pm

Benchmark indices fluctuated between gains and losses before settling with modest gains of nearly 0.3%. Dow and Nasdaq futures indicate a negative opening for US markets.

Brent Crude: 76.68 -0.98%
USD INR Spot: 82.024 0.001%
India 10Y Bond yield: 7.041 -0.07%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Indiabulls Housing Finance was the top gainer.

Aarti Industries was the top loser.

Earnings Update:

Escorts Kubota: Net Profit: Rs. 185.5 cr 8.2% YoY; Revenue: Rs. 2,183 cr 16.8% YoY.

Godrej Consumer: Net Profit: Rs. 452.1 cr 24.2% YoY; Revenue: Rs. 3,200 cr 9.8% YoY.

L&T: Net Profit: Rs. 3987 cr 10.1% YoY; Revenue Rs. 58,335 cr 10.4% YoY.

Dr. Reddy’s: Net Profit: Rs. 959 cr against profit of 87 cr YoY; Revenue Rs. 6,297 cr 15% YoY.

News

US CPI inflation came in at 4.9% in April on account of lower oil and gas prices.

Aarti Industries dropped 9% after the management highlighted a weak demand scenario in key markets and discretionary segment.

Foreign portfolio investors bought $2.2 billion of Indian stocks in the first nine days of May 2023, bringing the total amount of inflows since March to $4.5 billion after selling shares worth $4.1 billion in the first two months of 2023.

Chip manufacturer Intel confirmed that it plans to cut its workforce further to reduce costs with an estimated layoff of up to 20% of the employees.

Tradingqna · May 11, 2023, 1:37pm

Benchmark indices experienced a volatile trading session, ending slightly lower amid mixed global signals. Dow and Nasdaq futures are trading lower.

Brent Crude: 76.28 -0.17%
USD INR Spot: 82.0431 0.023%
India 10Y Bond yield: 7.023 -0.18%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Gujarat Gas was the top gainer.

Dr. Reddy’s Laboratories was the top loser.

Earnings Update:

Asian Paints: Net Profit: Rs. 1258.4 cr 44% YoY; Revenue Rs. 8,787.3 cr 11.3% YoY.

Eicher Motors: Net Profit: Rs.905 cr 48.5% YoY; Revenue: Rs. 3,804 cr 19% YoY.

Intellect Design: Net Profit: Rs. 90.7 cr 4.8% YoY; Revenue: Rs. 615.4 cr 20.8% YoY.

Siemens: Net Profit: Rs. 471.4 cr 38.7% YoY; Revenue Rs. 4,857.8 cr 27.8% YoY.

News

The Bank of England raised its key interest rate by 25 basis points to 4.5% for the 12th time in a row in order to control the fastest inflation of any major economy.

SoftBank Group Corp of Japan reported an annual net loss of $7.18 billion for the fiscal year ended March 31, 2023, primarily owing to lower tech valuations.

Hyundai Motor will invest $2.45 billion in Tamil Nadu to increase production and set up a battery pack assembly unit with a capacity of 178,000 units, aiming to reach a total production volume of 850,000 per year. They also plan to install 100 EV charging stations in the state.

Hindalco fell 3.5% after its subsidiary Noveli’s net income from continuing operations sans special items was down 7% YoY at $175 million.

Emirates made a great return after posting a $1.1 billion loss in 2021, earning $2.9 billion in 2022 after recovering from the coronavirus pandemic that halted global aviation.

Tradingqna · May 12, 2023, 12:35pm

Benchmark indices recovered from the day’s low to close with marginal gains. Dow and Nasdaq futures are slightly up, indicating a positive start for US markets.

Brent Crude: 76.28 0.25%
USD INR Spot: 82.1606 0.14%
India 10Y Bond yield: 6.995 -0.40%

Market breadth for Nifty 50

Sectoral performance.

More stats at: stocks.zerodha.com

Amongst the F&O stocks

Intellect Design Arena was the top gainer.

Balrampur Chini Mills was the top loser.

Earnings Update:

Cipla: Net Profit: Rs. 526 cr 45% YoY; Revenue Rs. 5,739 cr 9% YoY.

Colgate: Net Profit: Rs. 316.2 cr 2.3% YoY; Revenue: Rs. 1,350.6 cr 3.8% YoY.

DLF: Net Profit: Rs. 570 cr 40.6% YoY; Revenue Rs. 1,456.1 cr 5.9% YoY.

Manappuram Fin: Net Profit: Rs. 429.1 cr 58.2% YoY; NII: Rs. 1,182.6 cr 20% YoY.

Tata Motors: Net Profit: Rs. 5,407.8 cr against of loss of Rs. 1,033 cr YoY; Revenue: Rs. 1.06 lk cr 33.9% YoY.

Vedanta: Net Profit: Rs.1,881 cr 68% YoY; Revenue: Rs.37,225 cr 5.4% YoY.

News

India’s real estate sector received $26.6 billion in foreign institutional inflows from 2017 to 2022, with the office sector accounting for 40% of total investments. This marks a three-fold increase from the previous six years: Colliers Report

Domestic passenger vehicle dispatches increased 13% in April to 331,278 units, indicating that the industry has been able to smoothly transition to BSVI Phase 2 emission norms beginning April 1, 2023: SIAM

Jio added over 1 million mobile subscribers in February, while Airtel added 0.98 million, at the expense of Vodafone Idea, which lost over 2 million mobile subscribers: TRAI Data

The U.K.'s GDP grew by 0.1% in the first quarter despite the economy contracting by 0.3% in March. Manufacturing and construction both showed signs of reasonable strength, but services were impacted by declines in wholesale and retail trade.