Weekly Trading Diary: 10th to 14th January 2022 – #9 by Tradingqna – Trading – Trading Q&A by Zerodha

Nifty and Sensex finished higher for the fourth day in a row, both up about 0.88%. Dow and Nasdaq futures are trading higher, indicating that US markets are off to a good start.

Brent crude: 84.2 + 0.59%
: heavy_dollar_sign:

US Dollar – Spot INR: 73.91 + 0.01%
: scroll: India’s 10-Year Bond Yield: 6.597% + 0.41%

Today’s trend:

Almost all sectors ended the day in the green, with Nifty Energy topping the list with a gain of 2.14%. The only sector that closed in the red was the pharmaceutical sector, which fell only -0.15%.

Among F&O . stocks

: chart_with_direction_up: Vodafone Idea was the big winner.
: chart_with_downward_trend: Motherson Sumi was the biggest loser.

Earnings update:

Delta Corp. announces a twofold rise in its net profit. Revenue increased by 105% to Rs. 247 crore during the quarter, compared to Rs. 120 crore in the same period in the previous year. The company is also planning to go public with its online gaming business.

Wipro’s VAT rate has settled at Rs 2,972 crore which is an increase of 1% on a quarterly basis and 1% on an annual basis; The numbers are just below the analyst’s estimate.

Infy ​​raises fiscal year 22 revenue growth guidance raised to 19.5-20% from 16.5 to 17.5%; It reports a solid set of numbers with a PAT of Rs 5,810 crore (up 7.2% q-o-q) and steady earnings growth of 7% q-o-q.

:Newspaper: in the news

A consortium led by L&T Hydrocarbon, the arm of L&T, secured two offshore orders from an offshore customer, worth more than Rs 7,000 crore.

DMart slips more than 4%, hitting a 3-month low; It fell by up to 10% in 3 days after the third quarter results as management indicated that it continues to monitor the current situation, as the trend in sales and uptake will depend on any local restrictions associated with the pandemic on business activities.

Exports rose 33% to $7.63 billion from January 1-7 due to the healthy performance of various sectors, including engineering, petroleum, precious stones and jewelry: government data. The story is here.

India’s industrial production index rose 1.4% in November.

Retail inflation rose to a 5-month high of 5.59% in December. The Consumer Food Price Index (CFPI), or food basket inflation, also rose on a monthly basis during the month of December to 4.05%.

: earth_asia: around the world

Fed Chairman Powell says that to raise interest rates, stricter policy will be needed to control inflation. More here.

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