Weekly Trading Diary: 17th to 21st January 2022

Woo Forum

Staff member
Aug 29, 2021
Reaction score
Equity benchmarks extended the losses for fourth straight session. Down by around -3.3% for the week, snapping four week gaining streak.

US markets too look set for subdued opening as Dow and Nasdaq futures trade lower.

Brent Crude: 88.22 -0.25%%
USD-INR Spot: 74.1 -0.11%%
India 10Y bond yield: 6.621% +0.20%%

Nifty FMCG was the only sectoral index managing to close the day in green. All other sectors ended on negative note with Nifty Media and PSU Bank index dipping by over -3% each.

OdPh0-sectoral-view (1)

Amongst the F&O stocks

Bajaj Auto was the top gainer.
Polycab was the top loser, down by over 6% after muted Q3 results.

Ll4oS-top-gainers (1)

Earnings Update:

JSW Steel’s consolidated net profit is up by 69.2% at 4,516 cr vs 2,669 cr YoY; EBITDA margin at 24% vs 27.2% YoY.

Biocon’s net profit rose 11% YoY to Rs. 187 cr in Q3FY22 led by growth across verticals. Revenues grew 18% YoY to Rs. 2,223 cr in Q3FY22 compared to Rs 1,885 crore in Q3FY21.

Gland Pharma’s net profit up 33.8% at Rs. 273 cr vs Rs. 204 cr YoY; EBITDA margin comes in at 32.8% vs 30.7% YoY.

SBI Life’s net profit rises 56% YoY to Rs. 364 cr; net premium income up 31%.

Bandhan Bank posted a net profit of Rs. 859 cr in the December quarter, marking 35.7% jump YoY; net Interest Income for the quarter grew by 2.6% to Rs. 2,124.7 cr.

In the news

AGS Transact IPO was subscribed 8.22x on final day of bidding. Retail portion was subscribed 3x, NII 25x and QIB 2.5x.

OPEC’s share of Indian oil imports fell in 2021 to the lowest in more than a decade despite a 4% rebound in annual crude purchases.

Around the world

Intel announced plans to invest over $20 billion in two new chip-making plants in Ohio, to boost its production capacity amid a global shortage of semiconductors.

Bank of England to raise rates again in February as inflation surges. UK’s Consumer Prices Index (CPI) in December 2021 hit its highest level since early 1992.