India-China in talks for direct flights, Dixon Tech's JV with Signify Innovations, & more

Friday, 13 June 2025

Groww

Jun 13, 2025

Markets opened significantly below yesterday’s closing point.

Nifty 50 rose after opening lower but still closed negatively.

Media stocks and realty stocks rose the most today. PSU bank stocks and FMCG stocks fell the most.

Global markets: US markets closed in the green. European and Asian markets fell.

News

India and China have agreed to fast-track the process of resuming direct flights. Direct flights between India-China have been suspended since the pandemic: Ministry of External Affairs
India’s forex reserves rose by $5.17 billion to $696.66 billion for the week that ended on 6 June. Gold reserves rose by $1.58 billion to $85.89 billion.
Garuda Aerospace established a facility near Chennai for the indigenous production of agricultural drones. The initiative aims to boost local manufacturing and reduce reliance on imported components for farming.
Oswal Pumps IPO has been subscribed 0.42 times. Retail Subscription: 0.45 times. IPO closes on 17 June.

Stocks Updates

Dixon Tech: will form a 50:50 joint venture with Signify Innovations India to manufacture lighting products and accessories.
Vedanta: board will meet on 18 June to consider and approve an interim dividend for which 24 June is set as the record date.
NTPC: will raise Rs 4,000 crore through non-convertible debentures with a 6.89% coupon rate and a 10 years + 1 day tenure.
Torrent Power: received a letter of award from the Solar Energy Corporation of India for setting up 300 MW wind power projects, involving an investment of Rs 2,650 crore.

Word of the Day

Clearing House

It is an intermediary between buyers and sellers in a financial market.

Clearing houses act as third parties to ensure that transactions happen smoothly and fairly.

They verify trade details, settle payments, and deliver securities to the right parties.

Even if one side defaults, the clearing house steps in to guarantee the trade.

Example: Indian Clearing Corporation Ltd, NSE Clearing Ltd, etc.

6 Day Course

Theme: most common money-related scams
Day 5: Friday

Malware scams.

This is probably the least understood of all scams.

Many times, your devices get compromised with viruses/malware downloaded from the internet.

This malware could spy on your activity and use sensitive information like passwords and PINs to hack into your accounts.

It is important to treat all incoming files and attachments with suspicion, especially when coming from unknown sources.

Avoid downloading images, videos, PDF files, etc from sources you are not sure about. Similarly, avoid clicking on links that seem dubious.

Some of these malware are actually ransomware that might use your information to blackmail you later.

Featured Question

Q. “Can i buy dividend stocks only during record date and sell after a couple of days and still get dividend? If thats the case everyone can buy stocks during dividend and sell after that and become rich right ?”

When a stock goes ex-dividend, its price drops by the dividend amount.

So, while you will get the dividend, the share’s price will also come down by roughly that amount.

This negates the immediate profits to be made.

Example:

You bought a stock at Rs 65. It has declared a dividend of Rs 5.

You will get the Rs 5 dividend declared. But its share price will drop to Rs 60.

While the exact dividend amount is reduced, the share price is still subject to change based on supply and demand.

So, it never reduces exactly by the dividend amount.

To add to this, there will be taxes, brokerage, etc.

In short, this quick manoeuvre usually does not make sense.