Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Here’s how the markets performed in the week ended December 15;
Things to look forward to in the coming week
Economic events
18th December | 19th December | 20th December | 21st December | 22nd December | |||||
---|---|---|---|---|---|---|---|---|---|
Japan | BoJ Interest Rate Decision | Japan | Trade Balance (November) | US | GDP Growth (Q3 CY23) | India | RBI MPC Meeting Minutes | ||
Eurozone | CPI Inflation (November) | UK | CPI Inflation (November) | Jobless Claims | Japan | CPI Inflation (November) | |||
PPI Inflation (November) | UK | GDP Growth (Q3 CY23) | |||||||
US | Consumer Confidence | ||||||||
Home Sales | |||||||||
Crude Oil Inventories |
Nifty and Sensex reached record highs during the session and closed with marginal gains. Dow and Nasdaq futures indicate a positive start for US markets.
Brent Crude: 77.93 -0.03%
USD INR Spot: 83.179 0.19%.
India 10Y Bond yield: 7.174 0.29%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Coal India was the top gainer.
Steel Authority of India was the top loser.
News
December is on track for a record-breaking month in Indian equity issuances, with companies raising Rs 20,989 crore through IPOs, QIPs, rights issues, and offers for sale, surpassing the previous high of Rs 13,758 crore in December 2017.
India’s natural gas production rose 20% in two years, reaching 34.45 billion cubic meters in FY23 from 28.7 billion cubic meters in 2020-21, driven by efforts to increase the use of cleaner fuel in the country’s energy mix.
Sun Pharmaceutical Industries will acquire a 16.7% stake in U.S.-based Lyndra Therapeutics for $30 million, expanding its presence in the development of long-acting oral therapies.
Jindal Stainless Limited (JSL) has received approval from its board of directors to acquire Rabirun Vinimay Private Ltd, which is currently in liquidation. The acquisition will cost Rs 96 crore, as stated in a regulatory filing by JSL.
Macquarie intends to venture into India’s credit market with a $400 million investment in its electric vehicle platform, including the creation of an NBFC. The firm aims to build a $1.2-2 billion NBFC book over the next 7-8 years.
Nifty and Sensex fell in the second half after reaching record highs following negative global cues and a spike in crude oil prices. US futures are trading slightly lower.
Brent Crude: 80.15 1.16%
USD INR Spot: 83.1523 -0.03%.
India 10Y Bond yield: 7.17 -0.01%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
AU Small Finance Bank was the top gainer.
Indiabulls Housing Finance was the top loser.
News
RBI sold $310 million in the spot forex market in October, while buying $36.65 billion and selling $36.96 billion in total. In September, the central bank had sold a net $1.5 billion in the spot market.
UPI-based transactions in December 2023 reached a total value of Rs 17.4 lakh crore, as per the monthly bulletin of the Reserve Bank of India.
Air India, owned by the Tata Group, has borrowed $120 million from Japanese lender SMBC to partly finance the purchase of an Airbus A350-900 aircraft, which was delivered in October 2023.
1 Like
Benchmark indices made a strong comeback following yesterday’s drop, advancing by more than half a percent. Dow and Nasdaq futures are trading higher.
Brent Crude: 79.5 -0.25%
USD INR Spot: 83.2729 0.15%.
India 10Y Bond yield: 7.187 0.22%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Hindustan Copper was the top gainer.
City Union Bank was the top loser.
News
India Ratings expects improved banking system liquidity in January 2024 due to anticipated higher government spending. FPI flows in the equity market surged in December, while liquidity remained tight in November.
Delhivery’s shares rose by over 6% following the opening of its largest gateway in Bhiwandi, Maharashtra, covering 1,200,000 sqft. The facility combines automated hub, sortation, and freight operations.
India’s alcoholic beverages exports are set to exceed $1 billion in the coming years, with exports reaching $230 million from April to October in the current fiscal year, according to the commerce ministry.
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Nifty and Sensex ended the final session of the week on a positive note, rising around 0.4%, despite mixed signals from global markets. US futures are trading lower.
Brent Crude: 79.63 0.30%
USD INR Spot: 83.2493 -0.03%.
India 10Y Bond yield: 7.188 0.06%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
GAIL was the top gainer.
Polycab India was the top loser.
News
India’s foreign exchange reserves surged by $9.112 billion to reach $615.971 billion in the week ending December 15, registering one of the highest weekly increases. This follows a previous week’s rise of $2.816 billion, bringing the total reserves to $606.859 billion.
Malta-based Challenge Group, operating through its special purpose vehicle Ace Aviation, has welcomed the decision of the National Company Law Appellate Tribunal (NCLAT) to not restrain the sale process of three B777-300 aircraft formerly belonging to grounded Jet Airways.
India’s peak electricity demand is projected to reach 350,670 MW by 2030-31, a significant increase from 135,918 MW in 2013-14, according to Union Minister R K Singh. The government is implementing measures to meet this rising demand.
Domestic jewelry retail industry in India is expected to grow at a rate of 10-12% in the current fiscal year due to elevated gold prices, according to ICRA, compared to over 15% growth in the previous year.