Weekly Trading Diary: 9th to 13th May 2022

[Tradingqna]

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

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Recap of what the markets were up to in the week ended May 6;

Reserve Bank of India; +0.4%, US Fed Reserve; +0.5% and Bank of England +0.25% all hiked interest rates last week.

Markets continued their downward momentum for fourth week running as Sensex plummeted 3.9% while Nifty slipped by over 4%. Globally as well sentiment remained the same, with most of the markets seeing heavy sell-off.

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On the sectoral front, all the indexes ended the week in red. Realty, Media and Auto were the top losers, tanking between 5% to 8%.

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Things to watch out for in the coming week;

As LIC’s IPO subscription window closes on 9th May, three more public issues will hit the markets in coming week. Details

	Period	Price Range	Minimum Quantity	Issue Size
Prudent Corporate Advisory Services	10th to 12th May	595 to 630	23 and in multiples thereof	538.61 crores
Delhivery Limited	11th to 13th May	462 - 487	30 and in multiples thereof	5235 crores
Venus Pipes & Tubes	11th to 13th May	310 to 326	46 and in multiples thereof	165.42 crores

Earnings to watch out for:

9th May	10th May	11th May	12th May	13th May	14th May
Aarti Drugs	Asian Paints	Adani Ports	Apollo Tyers	Balkrishna Industries	Avenue Supermarts
Central Bank	Cipla	Indian Bank	Avanti Feeds	Bank of Baroda	Vinati Organics
GNFC	Vodafone Idea	MRPL	Caplin Point	Eicher Moters
KEI Industries	Kansai Nerolac Paints	NCC Ltd.	L&T	Emami
PVR Ltd.	Max Financial Services	Petronet	Poonawalla Fincorp	Escorts
SRF Ltd.	MRF Ltd.	PNB	Siemens	State Bank of India
UPL Ltd.	Torrent Power	Cholamandalam Financial Holdings	Tata Motors	Tech Mahindra
Dalmia Bharat	Welspun India	BSE	RBL Bank	Union Bank
	Polycab India	Kalyan Jwellers	Aditya Birla Capital	Alkem Labrotries
			Anupam Rasayan	Bandhan Bank
				HAL
				Nazara Technologies

Key macroeconomic events around the world:

	9th May		10th May		11th May		12th May		13th May
Japan	Monetary Policy Minutes	Eurozone	Economic Sentiment (MAY)	China	CPI Inflation (Apr)	India	CPI Inflation (APR)	Eurozone	Industrial Production (MAR)
	Services PMI			US	CPI Inflation (APR)		Industrial Output (APR)
					Crude Oild Inventories		Manufacturing Output (APR)
						UK	CPI Inflation (APR)
							GDP Estimates
						US	PPI (APR)
							Jobless Claims

What are you looking forward to in the coming week? Join the discussion below

[Prakashsingh]

Good morning folks

Look like there’s a speech of putin at 1 PM today w.r.t Victory day of WW2. Some clue/update regarding future course of current war is maybe expected.

Keep an eye for any trigger.

[t7support]

Battle of Stalingrad is going to inspire the Ukrainians. Just like the Nazis in WWII the Russians came in to the Ukranian homes and destroyed it. With the west supplying arms and Ukranians fighting tooth and nail Russia is not going to win the war unless Putin does something drastic.

[Tradingqna]

Benchmark indices fell nearly 0.7% as sentiment around the world remains weak amid rising interest rates. US futures are trading lower, indicating a rough opening for US markets.

Brent Crude: 109.45 -3.26%
USD INR Spot: 77.465 +0.72%
India 10Y Bond yield: 7.473 +0.30%

Apart from Nifty IT which closed marginally higher, all other sectoral indices closed the day in red. Nifty Energy was the worst performer, down by around 2.7%, followed by Media, PSU Bank, and Metal, each dropping more than 2%.

Amongst the F&O stocks

Indus Towers was the top gainer.

Hindustan Copper was the top loser.

Earnings Update:

Reliance: Net Profit: Rs. 16,203 cr 22.5% YoY; Revenue : Rs.21,1887 cr 36.79% YoY.

PVR: Net Loss: Rs. 95.6 cr against loss of 271.7 cr YoY; Revenue: Rs. 553.6 cr against 190.4 cr YoY.

SRF: Net Profit: Rs. 605.6 cr 59% YoY; Revenue: 3,549.4 cr 36.1% YoY.

UPL: Net Profit: Rs. 1,379 cr 29.7% YoY; Revenue: Rs. 15,861 cr 24% YoY.

In the news

India’s foreign exchange reserves dropped to $598 billion to reach the lowest levels since June 2021 for the week ended April 29, down from its all-time high of $642 billion in the week ended September 3, 2021, latest RBI data showed.

The Indian rupee breached the 77 per dollar mark for the first time amid elevated crude oil prices and a widening trade deficit.

HDFC Bank hiked its MCLR by 25 basis points across all tenures on May 7. This comes after the monetary policy committee raised the benchmark repo rate to 4.40% in an off-cycle meeting to tackle inflation. As per their website, the overnight MCLR is 7.15%, from 6.9% earlier.

The surge in economic activity led to continued growth in hiring activity in April. The Indian job market registered a 15% year-on-year growth in hiring demand in April and 4% month-on-month led by positive business sentiment, according to the Monster Employment Index (MEI).

Around the World

The rise in commodity prices and easing of Covid-19 curbs helped Indonesia’s economy grow for a fourth straight quarter. Southeast Asia’s largest economy grew 5.01% in January-March from the same period last year, compared with 5.02% growth in October-December.

China’s export growth slumped in April to its lowest level in almost two years, customs data showed Monday, as a Covid resurgence shuttered factories, sparked transport curbs and caused congestion at key ports.

Chinese stocks fell as Premier Li Keqiang’s warning about the jobs situation added to persistent investor worries about the economic fallout from Covid outbreaks and the strict curbs to quell them.

[Himansh]

Hoped it’d be a big money day, bought two Nifty puts and sold a call in the morning, doesn’t seem too beneficial. Thought it was just the bears booking profits in the morning. Asian indices have sustained the ride and are gripping pretty strong. Thought Europe might tank further and it looks like there’s no lead on that. Positions are bleeding quite a bit now. Anyone else on the battlefield today? I’m HODLing all positions. Very intriguing to see how it boils down today in the last half hour.

Stock Market Index - Major World Indices Live - Investing.com

[Tradingqna]

Benchmark indices remained volatile and closed negative for the third successive trading session. US markets look set for a positive opening.

Brent Crude: 104.05 -1.15%
USD INR Spot: 77.33 -0.17%
India 10Y Bond yield: 7.296 -2.26%

Majority of sector indices ended the day in the red. Nifty Bank and FMCG were the positive gainers. The worst performing sector was Nifty Metal, dropping more than 5%.

Amongst the F&O stocks

GNFC was the top gainer.

Coal India was the top loser.

Earnings Update:

Asian Paints: Net Profit: Rs. 874 cr 0.5% YoY; Revenue : Rs. 7,893 cr 0.5% YoY.

MRF: Net Profit: Rs. 157cr 50.6% YoY; Revenue: Rs. 5.200 cr 9.8% YoY.

Polycab: Net Profit: Rs. 322.1 cr 19% YoY; Revenue: 3,979 cr 35% YoY.

In the news

Equity mutual fund inflows fell to their lowest level in three months as volatility surged amid the ongoing geopolitical crises and foreign selling. Net inflows into equity and equity-linked schemes fell 44% month on month to Rs 15,890.3 cr in April: AMFI.

The USFDA has issued 10 observations after inspection of Sun Pharma’s Halol facility, the company said.

JSW Steel’s crude steel production increased 22% to 16.67 lakh tonne in April 2022. Crude steel production in April 2021 stood at 13.71 lakh tonne.

Coal-based power generation registered a 9.26% rise at 1,02,529 million units (MU) in April as compared to the year-ago period. This comes amid the country facing a power crisis.

Around the World

Nasdaq sank 4% on Monday, extending its decline to 10% since the Federal Reserve raised interest rates half a percentage point last week and Chair Jerome Powell signaled the Fed would continue hiking at that pace.

Greek inflation soars beyond 10% for the first time since 1995 as Russia’s war in Ukraine heightens already spiking energy costs.

Saudi Arabia’s oil minister warns that spare capacity is decreasing in all sectors of the energy market, as prices of products from crude to diesel and natural gas trade at or near multi-year highs.

Passenger car sales in China fell 35.7% in April, data from the China Passenger Car Association (CPCA) showed on Tuesday, as efforts to combat COVID-19 in the world’s largest vehicle market shut factories, impacted logistics and sapped demand.

[Tradingqna]

Benchmark indices extended their losses for the fourth day, losing another 0.5% following a mixed trend in global markets. US futures indicate a good start for US markets.

Brent Crude: 106.36 4.78%
USD INR Spot: 77.24 -0.12%
India 10Y Bond yield: 7.215 -1.18%

Nifty Realty and Bank indexes were the best-performing sectors for the day. While Nifty IT index was the top dragger, down 1.24%, followed by the Auto index, which fell 0.91%.

Amongst the F&O stocks

Gujarat Gas was the top gainer.

Indiabulls Housing FInance was the top loser.

Earnings Update:

Cipla: Net Profit: Rs. 362 cr 12.41% YoY; Revenue: Rs. 5,260 cr 14.19% YoY.

NCC: Net Profit: Rs. 233.85 cr 97.43% YoY; Revenue: Rs. 3,477.4 cr 23.5% YoY.

In the news

The capital expenditure of tyre makers is expected to increase to around Rs 5,000 crore this fiscal on the back of improving demand, as against around Rs 3,700 crore annually in the preceding two fiscals, according to a CRISIL report.

Passenger vehicle dispatches from factories to dealers in the domestic market fell by 4% in April. Domestic wholesales of passenger vehicles were 251,581 units last month, down from 261,633 units in April 2021.

Aditya Birla group’s Novelis today announced it will invest $2.5 billion to build a new low-carbon recycling and rolling plant in Bay Minette, Alabama, USA.

Around the World

China’s consumer and producer prices rose more than expected in April, boosted by a surge in energy and fresh vegetable costs touched 6 month highs at 2.1% YoY.

Malaysia has raised its benchmark interest rate by 25 bps in a surprise move aimed at taming global inflationary pressures. The overnight policy rate (OPR) was raised to 2.00%, the first increase since the rate reached a record low of 1.75% in July 2020.

[Tradingqna]

Equity markets witnessed another day of sell-off, plunging around 2.2% for the day and extending losses to the fifth successive session. US markets look set for a weak opening.

Brent Crude: 106.31 -1.1%
USD INR Spot: 77.415 0.23%
India 10Y Bond yield: 7.248 0.46%

All sectoral indicators were negative at the end of the day. Nifty PSU Bank index fell the most, down by over 4%, followed by the Nifty Metal and Bank, which dropped 3.32% and 2.58%, respectively.

Amongst the F&O stocks

Indiabulls Housing Finance was the top gainer.

Punjab National Bank was the top loser.

Earnings Update:

Coforge: Net Profit: Rs. 207.7 cr 56.16% YoY; Revenue: Rs.1,742.9 cr 36% YoY.

RBL Bank: Net Profit: Rs. 197.8 cr against profit of 75 cr YoY; Net Interest Income: Rs.1,131.4 cr 24.9% YoY.

Tata Motors: Net Loss: Rs. 1,032.84 cr against loss of 7,605.4 cr YoY; Revenue:78,439 cr 11.5 % YoY.

In the news

Ather Energy, India’s leading electric two-wheeler company, has secured $128 million in a Series E round led by NIIF and Strategic Opportunities Fund (SOF). Hero MotoCorp, a big stakeholder in Ather, has again invested and maintains its stake at 35% after the new infusion.

Britain’s economy grew at a slower pace in the first quarter than in the final three months of last year, as the country faced high inflation. It grew by 0.8% from January to March, compared to 1.3% in the fourth quarter of the previous year.

The dollar and the yen marched higher on Thursday as traders fled to havens amid growing concerns over more aggressive Fed policy and slowing growth in China.

Copper plunged below $9,000 a ton for the first time since October on mounting worries about weakening demand in top buyer China and the rest of the world.

Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

[Tradingqna]

Nifty and Sensex reversed gains and closed negative in a volatile session, extending losing streak to sixth session. Dow and Nasdaq futures indicate a good start for US markets.

Brent Crude: 109.17 1.60%
USD INR Spot: 77.424 -0.01%
India 10Y Bond yield: 7.318 1.02%

Nifty Auto index was the top-performing sector, rising more than 2.4%. While Nifty Metal index was the top dragger, down 2.08%, followed by Nifty Energy and Bank indexes, which dropped more than 1.20% each.

Amongst the F&O stocks

RBL Bank was the top gainer.

GNFC was the top loser.

Earnings Update:

SBIN: Net Profit: Rs. 9,113.5 cr 41% YoY; Net Interest Income: Rs. 31,198 cr 15.26% YoY.

Bank of Baroda: Net Profit: Rs. 1,779 cr against loss of 1,046 cr YoY; Net Interest Income: Rs.8,612 cr 21% YoY.

HAL: Net Profit: Rs. 3,102 91% YoY; Revenue: Rs. 11,561.1 cr 6% YoY.

Tech Mahindra: Net Profit: Rs. 1,506 cr 39% YoY; Revenue: Rs. 12,116 cr 24.5% YoY.

Emami: Net Profit: Rs. 354 cr against profit of Rs. 87.7 YoY; Revenue: Rs. 770.4 cr 5.4% YoY.

Escorts: Net Profit: Rs.190 cr 28% YoY; Revenue : Rs.1,878.51 cr 16% YoY.

Union Bank: Net Profit: Rs. 1,440 cr 8.3% YoY; Net Interest Income: Rs.6,769 cr 25.3% YoY.

Bandhan Bank: Net Profit: Rs. 1,902.3 cr against profit of Rs. 103 cr YoY; Net Interest Income: Rs.8,714 cr 15.2% YoY.

In the news

India’s retail inflation surged to 7.79% in April, the fastest rise in eight years, led by a surge in food and fuel prices. While food inflation increased by as much as 8.38%.

India’s industrial production grew at a slower pace of 1. 9% in March compared growth of 24.2% in the year-ago period, official data showed. Factory output for the entire 2021-22 fiscal grew 11.3% compared to a decrease of 8.4% in FY 2020-21.

Tata Sons named Campbell Wilson to helm Air India. Wilson is chief executive of low-fare arm of Singapore Airlines, Scoot.

Pipeline Infrastructure Ltd. backed by Brookfield Asset Managment has signed a pact with GAIL for jointly developing a hydrogen-based ecosystem in India.

Elon Musk on Friday put his $44bn deal for Twitter temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5% of users.

[brokenbull]

Despite the big bounce in US market on Friday … all hype cash burning stocks are swooning & blood running in the wall street…
Imploding US market past darlings…
The percentages decline are from their all time highs
at the close on Friday May 13th.

• Carvana: -90%
• Vroom: -98%
• Rivian: -85%
• Snap: -70%
• Pinterest: -76%
• Netflix: -73%
• Wayfair: -84%
• Chewy: -78%
• Shopify: -77%
• Teladoc: -89%
• Lyft: -77%
• Zoom: -79%
• Palantir: -81%
• GameStop: -80%
• AMC: -84%
• Coinbase: -83%
• Zillow: -81%
• Redfin: -88%
• Compass: -75%
• Opendoor: -82%
• MicroStrategy: -85%
• Robinhood: -87%
• Moderna: -72%
• Beyond Meat: -87%
• Peloton: -90%
• DoorDash: -72%
  
  

[Tradingqna]

Nifty and Sensex surged over 2.6%, extending gains for the second day. Dow and Nasdaq futures are trading higher, signaling that US markets are off to a good start.

Brent Crude: 115.19 1.15%
USD INR Spot: 77.565 0.15%
India 10Y Bond yield: 7.367 0.67%

All sectoral indices closed positive, with Nifty Metal index rocketing the most by 6.86%, followed by Nifty Energy and Media indexes, both rising more than 3%.

Amongst the F&O stocks

Vedanta was the top gainer.
Aurobindo Pharma was the top loser.

Earnings Update:

Bharti Airtel : Net Profit: Rs 2008 cr 164 % YoY; Revenue: Rs. 31500 cr 22% YoY.

Abbott India : Net Profit: Rs 211.4 cr 38.6 % YoY; Revenue : Rs. 1255 cr 14.6% YoY.

In the news

India’s WPI inflation rate rose to 15.08% in April from 14.55% in the preceding month on the back of rising commodity and vegetable prices. Wholesale price inflation rate is now in double digits for 13 consecutive months.

Life Insurance Corporation of India made a tepid debut as the state-run insurer closed at nearly 8% discount from its issue price.

Prime Minister Narendra Modi on Tuesday called for collaborative efforts between government and industry for rapid rollout of 5G services as it will contribute $450 billion to the Indian economy in the next decade and a half.

China’s general fiscal revenue plunged 41% in April as the government gave money back to taxpayers to help businesses weather the impact of Covid curbs

Pound rallied the most against dollar since December 2020, as better-than-expected UK job numbers attracted traders to the beaten-down currency. Sterling jumped as much as 1.4% to $1.2488 in the wake of data that showed declining unemployment and job vacancies still at record levels.

The Eurozone economy grew more than initially estimated at the start of the year as the region moved past a wave of Covid-19 infections and defied headwinds from the early days of the war in Ukraine. GDP was up by 0.3% in first quarter, topping initial 0.2% reading.

[Tradingqna]

Nifty and Sensex erased gains and finished lower in a choppy session, following a mixed trend in global markets. Futures on Dow and Nasdaq indicate a poor start for US markets.

Brent Crude: 113.61 1.50%
USD INR Spot: 77.558 0.27%
India 10Y Bond yield: 7.355 -0.15%

Majority of sector indices closed the day in the red. Nifty FMCG and Pharma sectors saw the biggest gains, up over 1%. The worst performers were Nifty Realty and PSU Bank, both losing more than 1.5%.

Amongst the F&O stocks

Multi Commodity Exchange was the top gainer.

Metropolis Lab was the top loser.

In the news

Ruchi Soya has entered into an agreement to acquire food retail business of Patanjali Ayurved for a consideration of Rs. 690 crores. Following the deal name of Ruchi Soya will be changed to Patanjali Foods.

Reliance Industries plans to submit a bid for Boots UK, a British medical retail chain, by month-end in a transaction that would cost as much as $10 billion.

Oilmeals export increased by 10% in April to nearly 3.34 lakh tonnes on higher shipments of rapeseed meal, according to industry data.

Britain’s annual inflation rate surged to a 40-year high last month on rising energy costs. Consumer prices index hit 9% in April from 7% in March, as per Office for National Statistics.

Japan’s economy shrank for the first time in two quarters in the January-March period as COVID-19 curbs hit the service sector and surging commodity prices created new pressures, raising concerns about a protracted downturn.

[Tradingqna]

Benchmark indices tumbled over 2.6% following a sell-off in global markets over fears of rising inflation and its economic impact. US markets too look set for a weak opening.

Brent Crude: 108.05 -1.07%
USD INR Spot: 77.725 0.19%
India 10Y Bond yield: 7.323 -0.44%

All the sectoral indices ended the day in red. Nifty IT was the biggest loser, down by around 5.75% as JP Morgan downgraded the Indian IT sector.

Amongst the F&O stocks

ITC was the top gainer.

Manappuram Finance was the top loser.

Earnings Update:

Godrej Consumer: Net Profit: Rs. 363.24 cr 0.7% YoY; Revenue: Rs. 2,915.82 cr 6.1% YoY.

Dr. Reddy’s: Net Profit: Rs. 87.5 cr 75.85% YoY; Revenue: Rs. 5,436 cr 14.98% YoY.

ITC: Net Profit: Rs. 4,195 cr 12 % YoY; Revenue: Rs. 17,754 cr 15% YoY.

In the news

JSW Group entered into an exclusive agreement to buy green energy producer Mytrah Energy in a deal worth about $2bn. Mytrah has an operational portfolio of 2.3 GW, which includes 1.7GW of wind and around 535MW of solar power.

Volkswagen and Mahindra & Mahindra announced a partnership to explore the use of MEB (modular electric drive matrix) electric components for Mahindra’s new “Born Electric Platform”.

With inflation soaring to a record high of 7.4%. ECB policymakers expressed widespread concern about the spread of inflation and made the case for continued policy normalization and confirmed plans at the meeting to end a bond purchase scheme in the third quarter.

Sri Lanka falls into default for the first time ever and warns inflation may surge to 40%, as the government struggles to halt an economic meltdown.

Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.