India-Oman trade agreement, Max Healthcare's new Rs 1,020 cr hospital, & more - Groww Digest
Thursday, 18 December 2025
Markets opened slightly below yesterday’s closing point.
IT stocks and consumer durables stocks rose the most today. Media stocks and auto stocks fell the most.
Global markets: US markets and most Asian markets fell. European markets rose (as of 6 pm IST).
News
SEBI approved new regulatory changes including easier mutual fund investment norms, simplified IPO rules, and updates to brokerage regulations, etc.
India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA) offering a significant tariff reduction on most goods and expanded cooperation in services and investment.
The Bank of England cut its key interest rate from 4% to 3.75%.
KSH International IPO was subscribed 0.83 times. Retail subscription: 0.86 times. IPO is closed for subscription.
Stocks Updates
Reliance: company subsidiary, Reliance Consumer Products, acquired a majority stake in Tamil Nadu’s heritage nutrition brand Udhaiyam (Udhaiyams Agro Foods Pvt Ltd).
Max Healthcare: approved acquiring 100% of Yerawada Properties Pvt Ltd and investing Rs 1,020 crore to build a 450-bed super-speciality hospital in Pune.
InterGlobe (IndiGo): announced its operations are fully normalized since 9 Dec.
Lupin: signed an exclusive licensing deal with Neopharmed to market gastro brand ‘Plasil’ in the Philippines and Brazil.
ICICI Bank: received a GST order demanding Rs 237.9 crore (tax + penalty) on minimum-balance services, which it plans to challenge.
NHPC: announced successful trial run of Unit-2 (250 MW) of the 2000 MW Subansiri Lower project.
Shriram Finance: clarified that the Japan-based MUFG investment rumour requires no confirmation until its 19 Dec board meeting and that no binding agreement currently exists.
Sun Pharma: the US FDA classified its Baska facility inspection as OAI (official action indicated).
Waaree Energies: a wholly owned subsidiary has created 5 new step-down subsidiaries for future power projects.
Word of the Day
Business Cycle
It is the natural pattern of rise and fall in economic activity over time
An economy typically moves through phases of expansion and contraction, generally measured by GDP growth.
During expansion, growth, employment, and spending increase.
Over time, the economy may contract, marked by slower growth, falling demand, and rising unemployment, before recovery begins again.
For investors, the business cycle matters because different sectors and assets can perform better at different stages, and earnings, valuations, and risk levels tend to move with the cycle.
Business cycles don’t follow a fixed schedule. The cycles may vary in duration and intensity, influenced by policies, global events, and financial shocks.
6 Day Course
Theme: AIF
Day 4: Thursday
Earlier, we spoke about rebalancing at a fixed interval.
Another ‘time factor’ that investors can think about rebalancing is when their assets are overvalued.
Say the markets are being said to be overvalued. If an investor has the right skills and knowledge, he can determine if his investments are overvalued.
If they are, rebalancing and moving money away from that asset can also be a good strategy.
Example: if you think your stocks and equity mutual funds are overvalued, you can consider moving some money to FD or gold or both.
The opposite can also be considered. When certain assets are undervalued, investors can move money into it — withdraw from FD or gold and invest that money into undervalued equity mutual funds or stocks.
If an investor is not sure about the knowledge and skill required for this, this step can be skipped.
Such investors can simply stick to the strategy of rebalancing at fixed intervals.
Featured Questions
Q. “In your top gainers and losers section, why did SBI grow while SBI Life lose value? If they’re the same parent company, shouldn’t both be in the same direction?”
Not necessarily.
Stocks grow and decline based on their business operations.
Even within the same company, there are different business operations.
Since these two stocks are listed separetely, their underlying business is also different.
Due to this, different factors govern their share price.
It appears some good news affected one share while some bad news affected another share.
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Focus on few points per article and try to cover in-depth analysis of any theme or concept as we grow together. News snippets can be separated from word of the day , weekly lesson etc . Personal views only 🙏