Markets opened significantly below Friday’s closing point.
All sectors’ stocks fell today except for the healthcare stocks. Realty stocks and metal stocks fell the most.
Global markets: US markets fell on Friday. Asian markets and most European markets fell (as of 6 pm IST).
News
India had launched E85 fuel, an 80-85% ethanol blend designed specifically for flex-fuel vehicles, across 48 retail outlets. It is priced around Rs 20 less than normal petrol (per litre). A flex fuel vehicle is a vehicle equipped with an engine that can run on petrol, ethanol, or any blend of the two.
Stocks Updates
Adani Ports: subsidiary, Adani Harbour International FZCO, secured a 10-year marine services contract for Argentina’s first LNG export project (Southern Energy FLNG), through a 51:49 JV with Argentina-based Meridian Group, marking its entry into South America.
Hindustan Zinc: signed an MoU with TERI to develop a 250-hectare ecological restoration project at its Chanderiya Lead Zinc Smelter Complex in Chittorgarh, Rajasthan.
Grasim: approved Rs 3,094 crore investment to expand Lyocell fibre capacity at Harihar, Karnataka by 110,000 TPA.
Samvardhana Motherson: commissioned its first captive solar power project in Uttar Pradesh through subsidiary Onega Solar. The 15 MW project will supply renewable power to its manufacturing plants.
Lupin: partnered with Spain-based ERN to launch Luforbec, a respiratory drug used for asthma and COPD treatment, in Spain.
JSW Energy: commissioned its wind blade manufacturing plant at Halol, Gujarat, with an annual production capacity of up to 450 blades (equivalent to supporting 600 MW of wind projects).
TCS: won a multi-year IT infrastructure transformation and managed services deal with Canada Life to modernise its data centres and software lifecycle management across European operations.
Word of the Day
Promoter Holdings
It refers to the percentage of a company’s shares held by its promoters.
Promoters are the founding members, individuals, or entities that are responsible for controlling and managing the company.
A higher promoter holding often indicates strong confidence in the business, as promoters have a larger stake in the company’s future performance.
Changes in promoter holding can directly impact the stock price, as they affect market sentiment and investor trust.
Example: If a company has 100 crore shares outstanding and its promoters own 60 crore shares, the promoter holding is 60%.
6 Day Course
Theme: economy vs stock markets
Day 1: Monday
We often hear of good/poor performance of the economy/stock markets in the news.
Many people treat both as the same thing. But the reality is that they are different things and indicate different things.
In this week’s course, we will try to understand the key differences between the economy and the stock markets.
The first thing to understand is that they are looking at overlapping things, but not the same things.
The stock markets are made up of listed companies (companies whose shares are available on the share markets).
Even in that, there are indices that measure a portion of the stock market.
Example: Nifty 50 is made up of only the 50 biggest companies in the stock markets. Sensex 30 has only the 30 biggest. So on.
When we talk of the economy of a country, it includes all economic activity in the country.
It includes the production, spending and income of all companies and businesses (even if they are not on the stock markets), government spending, and even individual spending, and external trade etc.
We explored the question “What if you invest in a Regular mutual fund instead of a Direct mutual fund?”
Check out the full report here.
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