Markets closed lower than yesterday’s closing point.
All sectors’ stocks fell today. Cement stocks and realty stocks fell the most today.
Global markets: US markets fell on Thursday. Most Asian markets fell on Friday. European markets opened in red (as of 6 pm IST).
News
India’s exports grew 16.66% year-on-year to $568.84 billion in April-Oct FY27, compared to the same period last year.
India’s forex reserves rose $2.49 billion to $719.55 billion for the week ended 6 Nov.
Passenger vehicle sales rose 12.4% year-on-year to 5.19 lakh units in October, as per SIAM data. In the same period, two-wheeler and three-wheeler sales grew 16.1% and 25.7% respectively.
Razorpay Software Ltd and 2 other companies received Sebi approval for their IPOs.
Stock Updates
Paytm: subsidiary Paytm Payments Services Ltd received in-principle RBI approval to offer prepaid payment services such as digital wallets.
Eicher Motors: net profit rose 14.89% year-on-year to Rs 1,573.37 crore in the July-Sept quarter.
TVS Motor: India two-wheeler business president Gaurav Gupta will resign on 24 Dec.
Adani Energy Solutions: completed the acquisition of Intellismart Infrastructure Pvt Ltd from NIIF and Energy Efficiency Services Ltd after receiving CCI approval.
ABB India: net profit rose 8.19% year-on-year to Rs 442.52 crore in the July-Sept quarter.
Vodafone Idea: net loss widened to Rs 5,975 crore in the July-Sept quarter from Rs 5,524 crore a year ago. This included a Rs 462 crore one-time accounting loss related to the valuation of shares.
Tata Motors Passenger: reported a net loss of Rs 5,531 crore in the July-Sept quarter, compared to a profit of Rs 76,170 crore a year ago. Last year’s profit included a one-time gain of Rs 82,616 crore from its commercial vehicles demerger.
Bharat Forge: NCLT approved a restructuring plan for subsidiary Tork Motors Pvt Ltd. Its existing shares will be cancelled, and it will no longer be a subsidiary.
Manipal Health: net profit fell 13.28% year-on-year to Rs 269.79 crore in the July-Sept quarter.
Word of the Day
Unrealised gains/losses
It is the potential gain or loss an investor can have if they decide to sell their investment
It is called unrealised because the gains/losses are not real and the price is moving.
The price can move up or down thus changing the nature of the gain/loss.
Selling makes the gain/loss real.
6 Day Course
Theme: stocks order matching
Day 5: Friday
Another crucial factor investors need to know about is partial fill.
Say one investor has placed a limit buy order for buying 500 shares of a company at Rs 400 or lower.
In the market, there exists only one limit sell order wanting to sell 200 shares at Rs 400.
So these two orders get matched.
But here, we see that the seller is selling only 200 shares.
The buyer has bought only 200 shares and wants another 300 shares.
If during the rest of the day, no other limit sell order comes offering Rs 400 per share or lower, the buyer’s limit buy order will remain incomplete.
The order persists only for a trading day. At the time of market closing, the order gets cancelled.
He placed an order for 500 shares but got only 200.
This is called a partial fill.
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Featured Question
Q. “If Reliance is Somewhere around 17 -19 lakh crore and Jio alone is 13 lakh crore then Reliance Industries is 4 - 6 lakh crore ?Plz explain in detail”
Reliance Industries (RIL) owns about 65% of Jio.
So, going by the math you have done, about 65% of Jio’s market cap is represented in the RIL stock.
65% of Rs 13 lakh crore = Rs 8.45 lakh crore
So by that logic, RIL’s Rs 19 lakh crore market cap has about Rs 8.45 lakh crore value coming from its Jio ownership.
So without Jio, RIL’s market cap is still more than Rs 10 lakh crore.
Also, many other factors come into play.
Holding companies are usually discounted (here RIL is the holding company).
Also, the markets value different companies differently based on their perceived future potential. These perceptions change from time to time as is seen by their changing share prices.
This can distort some companies’ market cap.
All of these factors are at play in this case as well.
The information presented in this post has been compiled and prepared by Groww Invest Tech Pvt Ltd and is intended solely for informational purposes. It is not tailored to any specific investment objectives, financial situations, or needs of any individual investor. The content should not be construed as investment, financial, legal, or tax advice and should not be relied upon as a substitute for professional consultation.
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