Markets closed significantly higher compared to yesterday’s closing point, after two days of fall.
Nifty and Sensex opened higher today and continued to rise throughout the day.
IT stocks and FMCG stocks rose the most today. Only oil and gas stocks fell.
Only 4 stocks in Nifty 50 fell today. Hence, there are only 4 stocks in the ‘Top Losers’ section.
Global markets: US markets ended mixed on Thursday. Asian markets traded mixed on Friday. Most European markets traded in green (as of 6 pm IST).
News
India’s forex reserves fell $12.95 billion to $734.61 billion for the week ended 02 Oct.
The US suspended Microsoft and 7 other IT companies including Infosys, TCS, Wipro from a key green card programme called PERM (Permanent Labour Certification).
The government said that the daily coal supplies to the power sector rose 36% from September lows and stock depletion slowed, but stock rebuilding is yet to commence, in response to media reports on power shortage risks.
FirstCry backed Swara Baby Products received SEBI approval for a Rs 1,000 crore IPO. The IPO will comprise a fresh issue of Rs 500 crore and an offer for sale of Rs 500 crore.
Stock Updates
TCS: said the suspension of the US PERM programme is not expected to affect its workforce plans or customer work.
Bajaj Finance: raised Rs 510.86 crore through secured NCDs at 7.78% interest. The bonds will mature in November 2029.
Power Grid: fully commissioned the transmission system for the 2,500 MW solar energy zone in Bidar, Karnataka.
Samvardhana Motherson: Rs 1,450.10 crore of previously issued convertible debentures were converted into Motherson shares. Another Rs 49.90 crore remain to be converted.
Lupin: received USFDA approval to sell a Vitamin K injection in the US. The product’s estimated US market size is about $52.3 million annually.
Word of the Day
Ticket Size
It is the size of a transaction, usually spoken in the context of investment
Most mutual funds have a minimum investment amount of Rs 500. So we can say the minimum ticket size of most mutual fund investments is Rs 500.
In case of a certain real estate project, the minimum price of a flat in it might be Rs 1.2 cr. So the minimum ticket size in that project can be said to be Rs 1.2 cr.
Sometimes people use average ticket size to determine the average invested value (which would be higher than the minimum ticket size).
6 Day Course
Theme: things investors should ignore
Day 5: Friday
Many investors pay a lot of attention to the dividend yield of companies.
This can be a good strategy for investors who are exclusively investing in dividend stocks.
But dividend paying stocks aren’t inherently better. Many companies’ profits are reinvested back in the company. They do not pay any dividends.
Such companies’ gains reflect directly in the share price instead of dividend payment.
So when hunting for good businesses, dividend yield can be an irrelevant metric.
Precision: any investment advice or suggestion that predicts anything very precisely is ignorable since such precision cannot be achieved.
Investors should work with ranges instead of precise values.
————
Featured Question
Q. “Can I buy ETF on NSE and sell on BSE in same day (i.e. intraday trading). Is it allowed?”
Technically speaking, you cannot buy on one and sell the same ETF units on another exchange.
It takes T+1 day for the ETF units to be delivered to your demat account.
You can only sell the units on another exchange once you have the units in your demat account.
You can sell intraday on the same exchange because each exchange’s clearing is done individually.
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.
SEBI Reg Name: Groww Invest Tech Pvt Ltd | SEBI Reg No: INZ000301838 | RA No: INH200008662
Groww Invest Tech Pvt Ltd is registered with the Securities and Exchange Board of India (SEBI) under Registration No: INZ000301838, as a Research Analyst under No: INH200008662, as a Depository Participant under No: IN-DP-417-2019, and with the Association of Mutual Funds in India (AMFI) under ARN-111686.
SEBI registration details: View registered name and registration numbers
Did you like this edition?
Leave a feedback here!