China's visa process eased, HCL Tech to acquire Jaspersoft, & more - Groww Digest
Tuesday, 23 December 2025
Markets opened slightly below yesterday’s closing point.
Media stocks and metal stocks rose the most today. IT stocks and PSU bank stocks fell the most.
Global markets: US markets and most Asian markets rose. Most European markets rose (as of 6 pm IST).
News
India’s gross FDI fell marginally to $6.5 billion in Oct (vs $6.6 billion in Sept). Net FDI was negative, with an outflow of $1.5 billion (vs an outflow of $2.3 billion in Sept).
China launched an online visa application system in India to speed up the visa process in a step to ease travel between the two countries.
China has initiated a trade dispute with India with the WTO over tariffs and policies on solar cells, solar modules and IT goods, saying the measures discriminate against Chinese imports..
Stocks Updates
Jio Financial: invested Rs 50 crore in its wholly owned subsidiary, Jio Leasing Services, via preference shares, taking total investment to Rs 120.05 crore.
Tata Steel: the Orissa High Court extended interim protection for Tata Steel against Rs 4,313 crore demand notices related to the Sukinda Chromite Block until the next hearing on 8 Jan 2026.
Torrent Pharma: fully redeemed and repaid Rs 200 crore of commercial papers on maturity on 23 Dec.
Coal India: board approved to list its wholly-owned subsidiary, South Eastern Coalfields Ltd, subject to regulatory approvals.
Info Edge (Naukri): company’s subsidiary, Redstart, will invest about Rs 46.8 crore in Unbox Robotics, raising its stake to around 9.3%.
GAIL: signed an MoU with the Government of Chhattisgarh to explore a 12.7 LMT gas-based fertilizer project in the state.
L&T: won a major order (Rs 5,000 crore to Rs 10,000 crore) from BPCL to build a large plastic manufacturing unit at Bina, Madhya Pradesh as part of its refinery expansion.
HCL Tech: will acquire Jaspersoft (business intelligence and reporting software platform) from Cloud Software Group for $240 million.
Adani Ports: completed its acquisition of the North Queensland Export Terminal (NQXT) in Australia.
Word of the Day
Open Offer
It is an offer made by a company or investor that wants to acquire another company
The acquiring company publicly offers to buy shares from existing shareholders at a specific price.
The main goal is to give shareholders a chance to sell their shares when control of the company is changing.
Investors can sell the shares at the set price or decide to stay invested after the ownership changes.
This process is mandated by SEBI after a company acquires a threshold limit.
6 Day Course
Theme: candlesticks
Day 2: Tuesday
HLet’s zoom in on one candlestick.
There is a thick portion that looks like a rectangle. And there is a thin portion that looks like a line that runs through the rectangle.
The thick portion is called the body. The thin portion is called the wick.
Let’s say we are looking at a graph where each candlestick represents one day’s price movements.
If the stock price ended the day closing up, the body will be coloured green, and if the stock ended the day lower, the body will be red. So far, this is very easy.
Let’s forget the wick for some time.
If the body is green in colour (stock price closed higher that day):
+The lower side of the body represents the opening price
+The upper side of the body represents the closing price
If the body is red in colour (stock price closed lower that day):
+The lower side of the body represents the closing price
+The upper side of the body represents the opening price
Featured Question
Q. “I have been holding a stock for more than a year, and I received bonus shares few weeks ago. If I sell all the shares now, will it attract short-term capital gains tax?”
The shares you bought and the shares you received as bonus will be treated differently.
When calculating tax, the date of purchase will be considered in case of the purchased shares.
So in your case, the age of the shares is greater than 1 year.
In case of the bonus shares, the date of purchase is the date those shares were allocated to you.
In your case, these shares would not have crossed the 1 year mark.
You will have to pay a tax based on the capital gains in each of these share-types’ cases and their individual investment periods.
Which means, when you sell your bonus shares you will have to pay short term capital gains tax.
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