Welcome to our weekly trading diary. A thread to discuss trading, strategy, ideas, news, stories, and more.
Things to watch out for next week
macroeconomic events
July 3 | July 4th | July 5th | July 6th | July 7 | |||||
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India | Manufacturing PMI (June) | Japan | Service PMI (June) | India | Service PMI (June) | we | Service PMI (June) | we | Nonfarm payroll (June) |
China | Manufacturing PMI (June) | China | Service PMI (June) | crude stock | Unemployment rate (June) | ||||
Eurozone | Manufacturing PMI (June) | european | Service PMI (June) | Composite PMI (June) | |||||
England | Manufacturing PMI (June) | England | Service PMI (June) | Nonmanufacturing PMI (June) | |||||
we | Manufacturing PMI (June) | we | FOMC Minutes | ||||||
What are you looking forward to next week?Join the discussion below
Nifty and Sensex closed at new highs, up more than 0.7% on the day after a strong bull run. Dow and Nasdaq futures are down.
Brent Crude Oil: 75.94 0.70%
USD INR Spot: 81.863 -0.219%
Indian 10-Year Bond Yield: 7.12 0.14%
Nifty 50 Market Breadth
departmental performance.
Here are the detailed stats: stock.zerodha.com
Among F&O stocks
L&T Finance Holdings was the top performer.
The biggest loser was Persistent Systems.
news
India’s manufacturing activity expanded significantly in June, driven by strong domestic and international demand. The manufacturing PMI fell to 57.8 in June from 58.7 in May, but remained above 50 for the second year in a row, signaling continued growth.
India’s unemployment rate topped 8% for the third time this year, largely due to seasonal unemployment in rural areas. The same rate rose to 8.45% in June from 7.68% in the previous month, and reached a two-year high of 8.73% in rural India.
Zee Entertainment and IndusInd Bank have settled the membership fee payments, leading to an appeal by NCLAT. They are due to pay interim resolution experts, and NCLAT has reversed NCLT’s bankruptcy recognition order against ZEEL.
India’s total GST revenue collected in June increased by 12% year-on-year to Rs 161,497 crore, marking the fourth consecutive month of surpassing Rs 160 crore and surpassing Rs 1.5 crore since the establishment of GST was the seventh time.
June diesel sales fell 3.7% year-on-year to 7.1 million tons, while gasoline sales rose 3.4% to 2.9 million tons.
Bank investment in government securities surged to Rs 57.83 billion as of June 16, up 15.2 per cent year-on-year, driven by attractive high yields, according to RBI data.
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The benchmark index rose about 0.35% to close at its fourth consecutive all-time high.
Brent Crude Oil: 75.7 1.41%
USD INR Spot: 81.9689 0.129%
Indian 10-Year Bond Yield: 7.119 0.03%
Nifty 50 Market Breadth
departmental performance.
Here are the detailed stats: stock.zerodha.com
Among F&O stocks
Bajaj Finance was the top performer.
Eicher Motors was the top loser.
news
IDFC First Bank has approved the merger of IDFC Ltd and IDFC Financial Holding Company. Under the merger, IDFC Ltd. shareholders will receive 155 IDFC First Bank shares for every 100 IDFC Ltd. shares they currently hold.
Hero Motocorp said it would partner with Harley-Davidson to launch a 440cc X440 priced at INR 230,000, up more than 4%.
Bharti Airtel, Reliance Industries (RIL) and Vodafone Idea fell 1-3 per cent after RIL launched a Jio Bharat mobile phone priced at 999 rupees over fears of a renewed tariff war.
The U.S.-China trade war could escalate after China announced export restrictions requiring prior approvals for metals essential to the manufacture of high-tech sectors such as semiconductors, electric vehicles and gallium and germanium products.
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The benchmark index stopped rising in a choppy session and closed flat. Dow and Nasdaq futures are down.
Brent Crude Oil: 76.01 -0.31%
USD INR Spot: 82.1616 0.235%
Indian 10-Year Bond Yield: 7.107 -0.17%
Nifty 50 Market Breadth
departmental performance.
Here are the detailed stats: stock.zerodha.com
Among F&O stocks
BHEL was the top performer.
Dixon Technologies (India) was the top loser.
news
Maruti Suzuki India rose 3.5% after unveiling the new Invict, priced at Rs 24.8 crore to Rs 28.4 crore, targeting the luxury 3-row MPV segment. The company has partnered with Toyota Kirloskar Motor to source a powerful hybrid model.
The S&P Global Purchasing Managers Index (PMI) fell to a three-month low of 58.5 in June from 61.2 in May, largely due to inflation.
China became India’s second-largest steel exporter, selling 200,000 tonnes in April and May, up 62% from a year earlier. India’s steel imports from China hit a six-year high in the first two months of the financial year.
Bank Bandan fell nearly 6%, falling 2.5% after the June quarter’s streak of declines in its loan book slowed and the resignation of Chief Financial Officer Sunil Samdani. finished.
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Nifty and Sensex hit new highs on the day, up 0.5% amid mixed global conditions. U.S. futures prices are falling.
Brent Crude Oil: 76.81 0.21%
USD INR Spot: 82.4572 0.360%
Indian 10-Year Bond Yield: 7.146 0.58%
Nifty 50 Market Breadth
departmental performance.
Here are the detailed stats: stock.zerodha.com
Among F&O stocks
MCX has the highest rate of increase.
Eicher Motors was the top loser.
news
BSE Ltd rose 3 per cent as its board approved a share buyback worth Rs 375 crore through a tender channel. The repurchase price is Rs 816 per share, representing a premium of 19% to the current market value.
OMC rose 4-5% while IOC Ltd. surged 5% ahead of the July 7 board meeting to consider right issue funding for project costs. BPCL’s board of directors has already approved on June 28 to raise up to Rs 18 crore through rights issue.
Auto retail sales rose 10% year-on-year in June, but showed a temporary slowdown as they faced an 8% month-on-month decline. Inventory pressures and demand-supply imbalances will impact profitability, but the coming Christmas season is expected to boost passenger car sales.
Tata Power has secured a smart meter project worth Rs 1.744 billion in Chhattisgarh. The contract was signed by Chhattisgarh Power Distribution Company (CSPDCL), a statement from Tata Power said.
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