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Mar 23 • 12 tweets • 3 min read
Key updates and highlights for today morning. Reading time: 4 mins.

1/10
US Fed hikes interest rates by 25 bps. Inflation remains key focus and rate cuts are not expected in Base case scenario in 2023, but signals it is nearing the end of rate hikes.
2. US markets down 1.6% post rate hike, USD falls, while Crude gained 2%. US futures are up 0.55% today morning. SGX Nifty indicates minor red to a flat opening on weekly expiry.
3. Rakesh Jhunjhunwala awarded Padma Shri (posthumously), India's 4th-highest civilian honour; received by wife Rekha Jhunjhunwala.

Kumar Mangalam Birla awarded Padma Shri for contribution in trade and Industry. Image
4. Govt amends export policy of biofuels to allow export for both fuel & non-fuel purposes without restrictions. Ethanol focused stocks to gain.
5. Govt to sell up to 3.5% stake in Hindustan Aeronautics via OFS at a floor price of Rs 2450/. Govt holds 75.15% in HAL; the block size is lower than market expectation of 5%.
6. Premium hotels revenue likely to surge 80% in fiscal year 2023-24, given strong bookings across Leisure, Corporate events: CRISIL
7. L&T signs Technology transfer agreement with France based McPhy for Pressurized alkaline Electrolyzer technologies used in Green Hydrogen.
8. Gensol Engineering acquires Scorpius Trackers Pvt Ltd for 135 Crs, a solar trackers-specialist with own patented tracker controller, software and structure designs that will help deliver Solar projects faster.
9. Coromandel International, a leader in Crop Protection chemicals to enter new segments of CDMO and Specialty/ Industrial chemicals. Board approves plan to invest Rs 1000 cr over next 2 years to leverage macro tailwinds in the chemical sector.
10. GR Infraprojects & Patel Engineering Joint Venture emerges  L-1 bidder. Wins order worth Rs 3637 crores for tunneling project in Arunachal Pradesh.

GR Infra wins another project of 872 crores for six laning of Surat-Nashik-Solapur highway.
(Positive)
11. Chalet Hotels acquires 100% of Sonmil Industries for 75 cr and Dukes Retreat, Khanala For 82 cr.

12. Sportskeeda, a subsidiary of listed Nazara Tech has acquired 73.3% of US NFL play Pro Football Network LLC for $1.8 M.

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More from @ICICI_Direct

ICICIdirect Profile picture
Mar 25
How to read an option chain (Introduction) - Basic Level

A thread ✍️🧵
1/n #LearnwithICICIDirect

This thread covers different terms associated with an option chain excluding greeks that will be covered later.
2/n
 Option Chain is divided into 2 parts:
1⃣Calls (Ce)
2⃣Puts (Pe)

2/n
 When to buy Call vs Put:
🔸Call: When a trader is expecting the market to go up
🔸Put: When a trader is expecting the market to go down

Remember, one can also sell an option strike instead of buying: Image
3/n
 🔸If you expect the market to go down you can sell a Call option rather than buying a Put option
🔸If you expect the market to go up you can sell a Put option rather than buying a Call option

If someone is:
🔸Bullish - Buy Call/Sell Put
🔸Bearish - Buy Put/Sell Call
Read 22 tweets
ICICIdirect Profile picture
Mar 23
The BSE Realty Index has corrected 16% in the last six months 📉

Why?🤔

Owing to concerns over residential demand even when developers’ balance sheets remain healthy

We explain what's happening.

Give this thread a read🧵👇
There are some concerns among stakeholders which led this correction 📉

[A] - Rise in Interest rates📈
[B] - Slowdown in demand for residential projects🔻
[C] - Debt levels of real estate developers🏛️

Let's understand each one of these in detail 👇
[A] - Rise in Interest rates

🔸Interest rates have risen by 2.4%-2.5% in YTDFY23

🔸This has resulted in 18-22% increase in Home loan EMIs

🔸Housing loan now costs around ~9.3% vs ~6.7% in March'22

Check out the below image for historical loan rates

Contd. 👇 Image
Read 12 tweets
ICICIdirect Profile picture
Mar 16
Introduction to candlestick - Part 2
A thread ✍️🧵

Here we explain advanced application of candlesticks. Incase you have missed Part 1, visit here:

So grab a cup of coffee and start.
#LearnwithICICIDirect
1/n
2/n
1. Hammer

A hammer is a bullish trend reversal single candlestick that forms after a correction. It indicates a change in trend, i.e. from downtrend📉 to uptrend📈.

The candlestick has a long lower wick with a short body and little to no upper wick
3/n
 Chart view - highlighted candle

🔸A long wick indicates a weak trading session where sellers pushed prices down during the session.

🔸However, the green candle finish shows that buyers entered to end the session strongly.
Read 24 tweets
ICICIdirect Profile picture
Mar 16
Cola war is back. Reliance Consumer is reviving Campa Cola, and launching it at a discounted price to leaders Coca Cola & Pepsi.

Can Campa Cola pose a real threat to Varun Beverages? We analyze in this thread:

1/n
2/
 Chances are if you are under 30, you would have never heard of Campa Cola till a week back. Well, Campa Cola was a market leader and a rage through the 80s and early 90s.

Campa was created by Pure Drinks Group in the 1970s - they were pioneers of Soft drink industry in India.
3/
 There were very few players in 1980s, and Campa dominated with its brand slogan "The Great Indian Taste". They had bottling plants in Mumbai, Delhi and Haryana.

Come 1990s, popularity of Campa declined after entry of foreign brands Coke and Pepsi and it gradually faded away.
Read 15 tweets
ICICIdirect Profile picture
Mar 15
Want to learn investing from scratch? 🤔

Here is the 2nd part of our series on Fundamental Analysis📈

Let’s learn about Revenue, Cost, Taxes, EPS and many more

Let's understand a Profit & Loss Account

A thread 🧵👇 #LearnwithICICIDirect
[A] What is Profit & Loss Account (P&L)?

🔶It is a statement of Company's Revenue, Cost & Profitability

🔶Simply, it's a snapshot of what Company earns and how it spends money

🔶It is prepared for the specific period

🔶Also known as Income Statement

Check out the image👇
[B] What are the Components of BS?

🔶Income: How much the company earns
🔶Expenses: How much the company spends
🔶Profit/Loss: Net earning of the Company

Mathematically,
Income - Expenses = Profit/Loss

Let's understand in detail

Contd.

Check out below image 👇
Read 13 tweets
ICICIdirect Profile picture
Mar 15
Is Inflation is no longer a worry for companies?

WPI Inflation at 25 months low
WPI vs CPI divergence.

A short thread
1/
2/
 Inflation is a measure of rate of general increase in prices of goods and services in economy.

While it indicates a decline in purchasing power over time, a moderate level of inflation is required in the economy to provide a boost to production.
3/
Inflation is measured by two indices:
🔸Wholesale Price Index (WPI)
🔸Consumer Price Index (CPI) ("retail inflation")

WPI measures inflation based on wholesale prices, or the prices of goods before they reach consumers. To an extent, WPI is a leading indicator of CPI.
Read 7 tweets

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