Markets closed slightly higher compared to yesterday’s closing point.
Metal stocks and private bank stocks rose the most today. FMCG stocks and auto stocks fell the most.
Global markets: US markets fell on Thursday. Most Asian markets rose on Friday. Most European markets rose (as of 6 pm IST).
News
India’s forex reserves rose $9.91 billion to $716.90 billion for the week ended on 14 August.
The government announced measures such as permitting duty free import of 10 LMT of raw sugar, among other measures, to reduce sugar prices and boost supply during the festive season.
The number of active individual traders fell 20% to 78.60 lakh in FY26 compared to a year ago. Net losses suffered by individuals fell. 87.70% traders still made losses in FY26: SEBI.
29 FDI proposed investments worth Rs 4,895.65 crore were made under the revised framework as of 20 August. Entities based in Mauritius, the US, Japan, among others, invested across sectors like IT, AI, information and communication, manufacturing etc.
India’s PMS industry’s AUM rose 2.0% month-on-month to Rs 44.11 lakh crore in July as per APMI. The client base increased 1.30% to 2.23 lakh accounts during the month.
The government signed an MoU with Brazil to strengthen bilateral cooperation in Telecommunications and Information and Communication Technologies (ICTs) including Artificial Intelligence (AI), 5G and 6G, Open RAN etc.
The government with Asian Development Bank signed a $230 million loan to modernise and expand Chennai’s water supply and sanitation infrastructure.
IPO Corner
Gaja Alternative Asset Management IPO was subscribed 31.33 times on day 3. Retail subscription: 11.04 times. The IPO closed for subscription.
Tempsens Instruments (India) Limited IPO was subscribed 21.66 times on day 2. Retail subscription: 18.67 times. The IPO will close for subscription on 24 August.
Augmont Enterprises IPO was subscribed 2.74 times on day 1. Retail subscription: 2.79 times. The IPO will close for subscription on 25 August.
Consumer appliances company Atomberg filed for an IPO with SEBI. The IPO will comprise a fresh issue of Rs 450 crore and an offer for sale of 7.65 crore shares.
Stocks Updates
HDFC Bank: issued $1.75 billion of unsecured bonds through its GIFT City branch. This includes $500 million of 3-year bonds at 5.159% and $1.25 billion of 5-year bonds at 5.401%
UltraTech: along with Hindalco and Grasim, incorporated UHG Holdings IFSC Pvt Ltd in GIFT City. UltraTech owns 41%, Hindalco 50% and Grasim 9%; the new company will own, lease and operate aircraft and ships, subject to IFSCA approval.
Tata Steel: acquired an additional 23% stake in TM International Logistics Ltd for Rs 335 crore after CCI approval. Its stake increased to 74%, making TMILL a subsidiary.
Samvardhana Motherson: formed a logistics JV, MHSCL JVC Holding Ltd, in Dubai with Hellmann Worldwide Logistics (51% Motherson, 49% Hellmann) to provide global automotive supply-chain and logistics services, excluding Japan.
Tata Motors Passenger: will increase prices of its cars and SUVs, including petrol/diesel and EV variants, by up to Rs 25,000 from 1 September due to higher input costs and inflation. The increase will vary by model and variant.
Zydus Lifesciences: received final USFDA approval for its generic Ascorbic Acid Injection, used to treat scurvy, and is eligible for 180-day exclusivity. The original drug had annual US sales of about $11.6 million.
Aurobindo Pharma: USFDA completed an inspection of subsidiary AuroPeptides’ Telangana facility with one observation related to facility and equipment maintenance.
Adani Power: won its appeal before APTEL, which cancelled an earlier Maharashtra Electricity Regulatory Commission order.
Lenskart: reported a cyber incident involving a sub-vendor of its Singapore group company. The issue was fixed, and Singapore’s data privacy regulator was informed.
Word of the Day
Unsecured
Loans that are given without a collateral are called unsecured loans
If the borrower is unable to pay back, the lender cannot recover the dues easily.
This makes the loan/debt more unsafe in nature.
This is opposed to secure loans where the borrower gives a collateral.
In case the person is unable to pay back, the lender can recover the dues by selling off the collateral.
6 Day Course
Theme: opex and capex
Day 5: Friday
There are many different kinds of expenditures.
These categorisations would depend largely on the industry a company belongs to.
Oil, gas, and mining companies use exex — exploration expenditure. This is money spent looking for new reserves.
They also have devex — development expenditure. This is money spent developing a newly discovered resource.
Repex — or replacement expenditure. Telecom companies and utilities companies have this expense.
Adex is advertising expenditure. Manex — management expenditure.
All of these expenditures are still classified mostly under opex or capex depending how the company thinks it is appropriate.
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Featured Question
“What is EGRs.?! And how to buy in Groww platform.?!”
EGR = Electronic Gold Receipts.
In this, you are actually buying gold that is stored against your name.
The EGRs are stored in your demat account, similar to how your shares are stored.
Each EGR unit represents actual gold of that quantity kept in the vault.
The EGRs can be bought and sold on the exchange.
It is a good way to own gold without handling it physically.
EGR is not currently available on Groww.
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