ICICI Pru AMC's profits up 45%, L&T's large order from Torrent Energy, & more - Groww Digest

Jan 14, 2026

Markets opened below yesterday’s closing point and closed in red.

Metal stocks and PSU bank stocks rose the most today. IT stocks and realty stocks fell the most.

Global markets: US markets fell. Most Asian markets and most European markets rose (as of 6 pm IST).

News

India’s wholesale inflation rose to 0.83% year-on-year in Dec (vs a fall of 0.32% in Nov).
The US’ annual retail inflation stood at 2.7% in Dec (same as Nov).
China’s exports grew 6.6% year-on-year in Dec (vs 5.9% in Nov). Imports rose 5.7% year-on-year (vs 1.9% in Nov). China’s annual trade surplus reached a record high of $1.2 trillion in 2025.
Amagi Media Labs IPO has been subscribed 0.13 times. Retail subscription: 0.49 times. IPO closes on 16 Jan.
Executive Centre India received SEBI’s approval for a Rs 2,600 crore IPO.

Infosys: net profit fell 2% year-on-year to Rs 6,654 crore in the Oct-Dec quarter.
ICICI Pru AMC: net profit rose 45% year-on-year to Rs 917 crore in the Oct-Dec quarter. Dividend declared: Rs 14.85 per share. Record date: 21 Jan.
Union Bank of India: net profit rose 9.7% year-on-year to Rs 5,073 crore in the Oct-Dec quarter.
HDFC AMC: net profit rose 20% year-on-year to Rs 769 crore in the Oct-Dec quarter.
Groww: net profit fell 28% year-on-year to Rs 547 crore in the Oct-Dec quarter. It also announced that State Street will invest up to Rs 580 crore for a 23% stake in Groww AMC.
Bharat Petroleum: company subsidiary, Bharat PetroResources, found oil in 2 onshore wells in Abu Dhabi Block 1 after investing $166 million.
Eternal (Zomato): clarified that there is no change in Blinkit’s business model and no material disclosure is required to the exchanges.
L&T: won a large contract (Rs 2,500 crore to Rs 5,000 crore) to develop the 3,000 MW Saidongar-1 pumped storage project in Maharashtra for Torrent Energy.

Real GDP

It is the total value of all goods and services a country produces, adjusted for inflation

It removes the effect of rising prices (inflation) to show true economic growth of a country.

Sometimes, GDP goes up just because prices are higher, not because more goods and services are produced.

Real GDP helps us see if the economy is actually growing or if things just cost more.

It is also called constant price GDP or inflation-adjusted GDP.

Theme: derivatives
Day 2: Wednesday

Let’s come to the price of these derivatives.

Derivatives are contracts — as we discussed earlier. They are also traded on the exchanges.

Futures lock the terms of the trade — the quantity of shares, and the price of shares.

So whoever holds the contract at the time of expiry of the contract has to execute the trade.

But these contracts can be traded till the expiry time.

So the price of these futures contracts goes up/down based on demand/supply for them.

That demand/supply changes based on what traders expect the share price to be at the time of expiry.

Similarly, the demand/supply causes the price of options to change.

Q. “What exactly is a market? when we say market goes up or down”

It is a loosely used term.

“Markets” can be used to describe many parts of the exchanges.

The stock exchanges are often called ‘share markets’ because that is where the stocks are bought and sold.

Usually when you hear a sentence like “the markets went up”, it refers to an index like Nifty 50.

It means that the Nifty 50 grew.

What does that mean?

Nifty 50 is an index made up of 50 of the biggest companies. They are so big, their impact is considered huge.

So if most companies in this list did well, Nifty 50 would have gone up.

Many people describe this as “markets were up”.

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