Markets closed higher compared to yesterday’s closing point.
IT stocks and healthcare stocks rose the most today. Consumer durable stocks and media stocks fell the most.
Global markets: US markets fell on Thursday. Most Asian markets fell on Friday. European markets showed a mixed trend (as of 6 pm IST).
News
India’s forex reserves fell $1.27 billion to $719.75 billion for the week ended 23 Oct.
India’s fiscal deficit widened to 42.1% of the annual budget estimates between April and September, from 36.5% in the same period last year.
The government defended the valuations and bidding process for IDBI Bank- Fairfax deal, saying that the procedure adopted helped increase the transaction value by Rs 3,917 crore.
Stock Updates
Indian Oil: net profit rose 173.84% year-on-year to Rs 21,407.87 crore in the July-Sept quarter.
Bajaj Finance: raised Rs 2,069.50 crore by issuing secured NCDs at an 8.70% interest rate, maturing in 2029 and 2031.
Sun Pharma: net profit fell 36.22% year-on-year to Rs 1,988.53 crore in the July-Sept quarter. This included Rs 1,268.83 crore in one-time costs.
NTPC: subsidiary NTPC Vidyut Vypar Nigam Ltd began commercial operations of its first battery energy storage project, with 250 MW / 500 MWh capacity.
Bharat Electronics: net profit rose 19.60% year-on-year to Rs 1,540.19 crore in the July-Sept quarter.
Coal India: net profit rose 53% year-on-year to Rs 6,516.09 crore in the July-Sept quarter. Dividend declared: Rs 10.25 per share. Record date: 4 Nov.
Varun Beverages: net profit rose 13.81% year-on-year to Rs 828 crore in the July-Sept quarter.
Bank of Baroda: net profit rose 31.24% year-on-year to Rs 6,737.28 crore in the July-Sept quarter.
GAIL: net profit rose 139.29% year-on-year to Rs 4,719.66 crore in the July-Sept quarter. It also approved plans to list subsidiary GAIL Gas through an IPO and transfer 6 city gas distribution areas to it.
Lodha Developers: net profit rose 28.44% year-on-year to Rs 1,013 crore in the July-Sept quarter.
Aditya Birla Capital: net profit rose 37.94% year-on-year to Rs 1,287.68 crore in the July-Sept quarter.
Max Healthcare: net profit fell 15.54% year-on-year to Rs 414.94 crore in the July-Sept quarter. It also approved about Rs 190 crore to add 145 beds at its Noida and Vaishali hospitals.
REC: subsidiary REC Power Development and Consultancy Ltd set up Zanskar Renewable Energy Ltd for a solar and battery-storage project in Ladakh. It will transfer the company to the winning bidder.
Word of the Day
Operating Income
It is the income a company makes from its core business, without accounting for taxes, interest payments, and one-time investments
Operating income can tell us about the potential of a company’s future scale and profitability.
Many new companies that are initially loss-making start by first being loss-making but being operationally profitable.
6 Day Course
Theme: different kinds of funds in India
Day 5: Friday
Now we have some other types of funds.
Unit Linked Insurance Plans (ULIPs): these are insurance products that also give some moderate returns.
It is a commonly subscribed to fund though many question its effectiveness as an investment.
GIFT City funds: these are funds based out of GIFT City Gujarat.
These are funds mainly for foreigners and NRIs to invest in. Resident Indians can also invest in them though there are limits.
With that, we have come to the end of this course.
There are obviously more categories of funds available but they are either not as popular or are not available to a wider set of investors, hence not covered here.
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Featured Question
Q. “On what basis JIO platform IPO allotment made under Shareholders Qouota”
In the case of shareholder quota, the allotment was not done randomly using the lottery system.
Upon oversubscription, each applicant gets shares proportionately (whole number in lots), based on the lots they bid for.
Investors must have bought and held the shares on or before 14 Oct 2026, and the max bid was Rs 2 lakh.
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.
Investing in securities markets involves inherent risks. Investors are advised to carefully review all relevant documents and consider their own risk tolerance before making any investment decisions.
Mutual fund investments are subject to market risks; please read all scheme-related documents carefully. Past performance of financial instruments, schemes, or markets is not indicative of future results.
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