GST collections rise, customs duty concessions for SEZ units, & more - Groww Digest
Wednesday, 1 April 2026
Markets opened significantly above Monday’s closing point.
The Nifty 50 opened higher today. The main reason for the rise may have been positive global sentiments after Trump’s positive comments on the US-Iran war.
All sectors’ stocks rose today except for the healthcare stocks and pharma stocks. PSU bank stocks and media stocks rose the most.
There will be no USD-INR value today due to Annual Bank Closing.
Global markets: US markets and Asian markets rose. European markets rose (as of 6 pm IST).
News
India’s net GST collections rose 8.2% year-on-year in March to Rs 1.78 lakh crore. Gross GST collections grew 8.8%, crossing Rs 2 lakh crore.
The government has introduced a temporary one-time relief allowing SEZ (Special Economic Zone) units to sell manufactured goods in the domestic market at concessional customs duty rates to ease global trade disruptions, with a minimum 20% value addition requirement and a cap of 30% of export value.
Stocks Updates
Adani Green: commissioned a 137.5 MW renewable energy project in Bandha, Rajasthan, and a 223 MW renewable energy project along with a 1,376 MWh battery energy storage system in Khavda, Gujarat.
Adani Energy: is acquiring 100% stake in South Kalamb Power Transmission Ltd (SKPTL) from PFC Consulting.
Tech Mahindra: approved the merger of its two wholly owned step-down subsidiaries in Costa Rica to streamline operations and reduce costs effective 1 April 2026, subject to regulatory approvals.
ITC: Sproutlife Foods Private Limited, maker of the Yoga Bar brand, became a subsidiary of the company effective 1 April 2026.
Word of the Day
Private Equity
The investors, which can be individuals or institutional investors, provide capital to grow, restructure, or improve these businesses.
In exchange for capital, they take an ownership stake and aim to generate a profit by selling that stake in the future.
These investments are usually long-term and involve higher risk but potentially higher returns.
6 Day Course
Theme: biggest crude oil price spikes
Day 3: Wednesday
For some sectors, it is almost impossible to function without taking loans/debt.
Banks and NBFCs are one of the biggest examples of this: their entire business model is to raise money via debt and then re-lend them.
Other sectors that involve a lot of spending on tangible items rely heavily on debt.
Some examples are real estate, infrastructure, and power generation.
Some industries use loans to get started or to increase growth. But otherwise, they depend on their earnings to fund their operations.
The manufacturing, automobile, and pharmaceutical sectors are good examples of this.
Then we come to sectors that are famous for having very little to zero debt.
Sectors like IT services and technology firms often have extremely little to no debt.
In fact, some might even consider an IT services company with debt to be a red flag.
The FMCG sector is another sector where debt is uncommon.
Featured Question
Q. “When I see the gold value here or gold growth. The price showing in the report is not as that in store value . Why?”
Spot price of any commodity is the price of it at the commodities exchange where it is being traded.
This is the most real-time live price of any commodity.
Often when you read the price of a commodity online, it will be its spot price. We mention the gold (99.9% purity) spot price too.
You can treat this price as the wholesale price of gold.
Prices seen at the gold jeweller’s shop can be different since it includes many different components.
It includes factors like the cost of transporting that gold, making charges, dealer profit margin, purity, etc.
To add to this, some gold items may actually be cheaper per gram than spot price because it might not be 99.9% pure.
Gold sold for physical use is too soft and is mixed with other metals to make it more rigid.
So in effect, it is not cheaper. It’s just that less gold is being sold.
Other factors like wastage while making and hallmarking can also affect the price of gold at the store.
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