Weekly Trading Diary: 2nd April to 5th April 2024

Welcome to the weekly buying and selling diary, a thread for discussing your trades, methods, concepts, information, tales, and so forth.

Benchmark indices ended their three-day successful streak, closing barely decrease for the day, weighed down by losses in banking and IT shares. US futures are buying and selling decrease.

Brent Crude: 88.70 1.46%USD INR Spot: 83.411 0.05%.India 10Y Bond yield: 7.116 0.91%

Nifty 50 warmth map.

Extra stats at: technicals.zerodha.com

Amongst the F&O shares

Aditya Birla Trend and Retail was the highest gainer.

Vodafone Concept was the highest loser.

Information

Aditya Birla Trend and Retail share value surged 15% intraday on April 2 following the board’s determination to contemplate the demerger of its Madura Trend & Life-style enterprise right into a separate listed entity.

India’s coal manufacturing reached 997.4 million tonnes in FY24, up 11.67% from FY23’s 893.19 million tonnes, narrowly lacking the 1-billion-tonne objective, in line with the coal ministry.

PepsiCo India introduced a Rs 1,266 crore funding to determine a taste manufacturing facility in Ujjain, Madhya Pradesh, with building starting in 2024 and operations beginning in Q1 2026 as a part of its growth technique.

Infosys Ltd was issued a tax demand of ₹341 crores for the evaluation 12 months 20-21 by India’s Earnings Tax Division, as per an organization alternate submitting on March 31, 2024.

Nifty and Sensex dipped on the open as a consequence of international weak spot, recouped losses, and ended almost flat with slight declines. US futures are buying and selling marginally decrease.

Brent Crude: 89.62 0.80%USD INR Spot: 83.420 0.01%.India 10Y Bond yield: 7.103 -0.07%

Nifty 50 warmth map.

Extra stats at: technicals.zerodha.com

Amongst the F&O shares

Punjab Nationwide Financial institution was the highest gainer.

Godrej Properties was the highest loser.

Information

Gold costs surged by Rs 830 to a document Rs 69,200 per 10 grams, pushed by a worldwide market rally, marking the second all-time excessive this week, up from Rs 68,370 within the earlier session.

Vodafone Concept Ltd obtained shareholder approval to boost Rs 20,000 crore by means of fairness and equity-linked securities, after the board agreed on the plan on February 27.

India’s cellular system manufacturing hit Rs 4.1 lakh crore ($49.16 billion) in 2023-24, up 17% yearly, with a possible further Rs 5,000 crore, as per stories.

Home mutual funds invested a document Rs 45,120 crore in native shares in March, over thrice February’s complete and the very best month-to-month funding ever, surpassing the earlier document of Rs 30,300 crore in March 2020, Enterprise Customary reported.

UltraTech Cement is ready to speculate Rs 32,400 crore within the subsequent three years for growth, focusing on to boost its manufacturing capability to round 200 million tons per 12 months.

Benchmark indices reached document highs at present, pushed by IT sector features and anticipation of tomorrow’s RBI coverage determination. Dow and Nasdaq futures are buying and selling larger.

Brent Crude: 89.19 -0.18%USD INR Spot: 83.436 -0.05%.India 10Y Bond yield: 7.101 -0.04%

Nifty 50 warmth map.

Extra stats at: technicals.zerodha.com

Amongst the F&O shares

Bandhan Financial institution was the highest gainer.

Dabur was the highest loser.

Information

Vedanta Ltd shares hit a 52-week excessive of ₹312.50, up by over 3%, after its board accepted a ₹2,500 crore fundraising plan by means of non-convertible debentures on a non-public placement foundation.

PFC introduced a complete dividend fee of ₹2,033 crore to the federal government for FY 2023-24, distributed in three installments: ₹554 crores, ₹832 crore, and ₹647 crore.

Indian Oil Company Ltd is discussing with Nuclear Energy Company of India Ltd the opportunity of utilizing small modular reactors (SMRs) in its refineries for cleaner energy, as a part of a cheap method to nuclear vitality.

Federal Financial institution reported a 20% improve in gross advances to Rs 2.13 lakh crore by March 31, 2024, with retail and wholesale credit score rising by 25% and 15%, respectively, sustaining a retail-to wholesale mortgage ratio of 56:44.

Nifty and Sensex recovered from the day’s lows to shut flat, following the RBI’s determination to maintain the repo fee at 6.5%. Futures on Dow and Nasdaq are buying and selling larger.

Brent Crude: 91.09 0.49%USD INR Spot: 83.407 -0.03%.India 10Y Bond yield: 7.117 0.32%

Nifty 50 warmth map.

Extra stats at: technicals.zerodha.com

Amongst the F&O shares

Indraprastha Fuel was the highest gainer.

Birlasoft was the highest loser.

Information

India’s international alternate reserves reached a brand new document of $645.6 billion within the week ending March 29, in line with Reserve Financial institution of India information.

IndusInd Financial institution reported an 18% improve in advances, reaching Rs 3,42,857 crore within the March quarter, up from Rs 2,89,924 crore within the earlier 12 months’s fourth quarter, in line with a regulatory submitting.

Jindal Stainless introduced plans to divest its whole 26% stake in Jindal Coke by September, having offered 4.87% for Rs 36.49 crore to JSL Abroad within the first tranche, as per a regulatory submitting.

Tesla Motors plans to scout places in India, together with Maharashtra, Gujarat, and Tamil Nadu, for a $2-3 billion electrical automotive plant, specializing in states with port amenities for simpler exports, as reported by the Enterprise Customary.