Hello and welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
A quick look at how the markets fared in the week ended 11th November;
Nifty and Sensex rose for the fourth successive week, gaining 1.28% and 1.39%, largely propelled higher by easing inflation in the US. Which also pushed the major markets around the world higher.
Here’s how the sectoral indices fared;
Things to watch out for in the coming week;
IPOs
The primary market continues to remain busy but another IPO opening for subscription this week. The IPO of Keystone Realtors, a real estate developer opens for subscription on 15th November.
IPOs of Kaynes Technology and Inox Energy, which opened in the week gone by will close on the 14th and 15th of November.
Earnings
Not much to look forward to on the earnings front as we enter the final week, or rather the final day of earnings releases…
14th November |
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Aarti Industries |
Apollo Tyres |
Bharat Forge |
Biocon |
Grasim Industries |
IRCTC |
Jyothy Labs |
NMDC |
ONGC |
Key economic events
14th November | 15th November | 16th November | 17th November | 18th November | |||||
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India | CPI Inflation (OCT) | Japan | GDP Growth (Q3CY22) | UK | CPI Inflation (OCT) | Eurozone | CPI Inflation (OCT) | UK | Retail Sales (OCT) |
WPI Inflation (OCT) | Industrial Production (SEP) | US | Retail Sales (OCT) | US | Jobless Claims | US | Home Sales (OCT) | ||
Eurozone | Industrial Production (SEP) | China | Industrial Production (OCT) | Industrial Production (OCT) | Building Permits | ||||
Eurozone | GDP Growth (Q3CY22) | Crude Oil Inventories | |||||||
US | PPI Inflation (OCT) |
What are you looking forward to in the week? Share below and join the discussion
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Benchmark indices closed marginally lower, sliding around 0.25% following a mixed trend in the global market. Dow and Nasdaq futures point to a negative opening for US markets.
Brent Crude: 95.17 -0.68%
USD INR Spot: 81.26 0.58%
India 10Y Bond yield: 7.288 -0.26%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Manappuram Finance was the top gainer.
Sun TV Network was the top loser.
Earnings Update:
Grasim: Net Profit: Rs.964 cr 1.8% YoY; Revenue: Rs.6,745 cr 36.7% YoY.
Bharat Forge: Net Profit: Rs.268.1 cr 14% YoY; Revenue: Rs.1,864 cr 16% YoY.
NBCC India: Net Profit: Rs.95.5 cr 34.1% YoY; Revenue: Rs.2,029.7 cr 8% YoY.
Radico Khaitan: Net Profit: Rs.54.5 cr 25.4% YoY; Revenue: Rs.3,018.6 cr 1.7% YoY.
News
India’s CPI inflation eased to 6.77% in October from 7.41% in September to a three-month low. While the WPI Inflation came to 8.39% in October to its lowest level since 2021.
Paytm’s loan disbursals grew 387% YoY to Rs 3,056 crore in October, while the number of loans disbursed grew 161% YoY to 3.4 million, as the company is on the path to profitability and free cash flow: CEO Vijay Shekhar Sharma.
As per credit rating agency ICRA, Auto component suppliers are expected to grow at a pace of 8-10% this fiscal in revenue on the back of healthy domestic original equipment manufacturers (OEMs) and pent-up demand despite headwinds persisting on the exports front.
L&T Infotech and Mindtree announced their merger coming into effect today to become the fifth-largest IT provider by market cap and sixth-largest by revenue with the parent company, L&T, holding 68.73% of the merged entity.