China opposes US tariffs on India, Apollo Hospital's block deal, & more — Daily Digest
Friday, 22 August 2025
Markets opened below yesterday’s closing point.
Nifty 50 fell throughout the day and closed in red. The main reason for this may have been the cautious market sentiment ahead of US Fed Chair's speech today and worries about US tariffs on Indian goods.
Media stocks and pharma stocks rose the most today. Metal stocks and PSU banks stocks fell the most.
Global markets: US markets fell. Most Asian markets rose. European markets rose (as of 6 pm IST).
News
China opposed the USA’s decision to impose 50% tariffs on Indian goods. The Chinese Ambassador said this at an event in New Delhi.
Japan’s inflation fell to 3.1% year-on-year in July (vs 3.3% in June). Core inflation, which excludes fresh food, also fell to 3.1% (vs 3.3% in June).
India's forex reserves rose by $1.48 billion to $695.1 billion in the week that ended on 15 Aug.
Stocks Updates
Apollo Hospitals: promoters sold around 1.32% of their stake in a block deal worth Rs 1,489 crore, reducing their holding from 29.3% to 28%.
Eternal (Zomato): announced the incorporation of its wholly owned subsidiary Blinkit Foods Ltd.
GMR Airports: board approved raising up to Rs 5,000 crore via multiple modes and forming a wholly owned SPV (special purpose vehicle) to execute the Cargo City Project at Delhi Airport.
Word of the Day
Special Purpose Vehicle (SPV)
It is a separate company set up by a parent company for a specific project
It has its own assets and liabilities, separate from the parent company.
SPVs help in isolating the risk. So even if the project faces losses or problems, the parent company remains protected.
SPVs are often used for big projects like building roads, real estate, or helping startups raise money.
Investors can also put money directly into an SPV, raising funds for just that project.
6 Day Course
Theme: how demat works
Day 5: Friday
So, you might be investing using different investment platforms but all your shares are stored on either CDSL or NSDL servers — the two central depositories in India.
Each investment platform stores their records separately so it does not get mixed up.
The best part is, you can request a CAS or Consolidated Account Statement.
This will give you a list of all the holdings you have across different investment platforms. It will also give you a list of all transactions carried out in your different investment accounts.
You will be able to see all details like your investments in shares, ETFs, mutual funds, etc.
If you check your email, you would be getting this report automatically on a regular basis.
If you want to generate a fresh report, you can always go to the NSDL and CDSL websites and request a CAS statement.
Featured Question
Q. “follow-up question for But while receiving the bonus shares, the share prices generally decrease, in that case how are the taxes calculated while selling as the shares will be shown as purchased at higher rate and sold at lower rate, will that be considered as loss or profit?”
Yes, you are correct.
Usually, after a bonus issue, the share price falls.
This is because the company and its fundamental business is the same but the number of shares is higher.
Example: a company’s share is Rs 100. It issues 1 bonus share per 1 existing share. So there will be 2 shares in place of 1. Following this, usually, the share price also falls by around the same degree. So the new share price will be around Rs 50.
Now, how is tax calculated in such a case?
It will still be calculated in the same manner as explained yesterday.
This means that there may be two blocks.
One block will be the shares that were existing already. The starting price in this case will be the original buying price. Gains in this case can be negative (losses).
And another block is the one comprising of bonus shares. The starting price of these shares will be Rs 0.
So, one block might be showing losses while the other block (bonus shares) may show profits.
Tax will be calculated based on the profits only.
The loss-making block will not attract any taxes. It can be offset against the gains.
Did you like this edition?
Leave a feedback here!