India's inflation at 2.07%, Infosys' Rs 18,000 cr share buyback, & more - Daily Digest
Friday, 12 September 2025
Markets opened above yesterday’s closing point.
Nifty 50 rose in the first half of the day and stayed in a range for the rest of the day. The positive sentiment may have been due to the hopes of a US Fed rate cut next week.
Metal stocks and pharma stocks rose the most today. FMCG stocks and media stocks fell the most.
Global markets: US markets and most Asian markets rose. Most European markets were flat (as of 6 pm IST).
News
India’s consumer inflation rose to 2.07% year-on-year in August (vs 1.61% in July).
India’s forex reserves rose $4.03 billion to $698.2 billion in the week that ended on 5 Sept.
The UK’s GDP grew 1.4% year-on-year in July (the same as in June).
Urban Company IPO was subscribed 103.63 times. Retail subscription: 39.25 times. IPO is closed for subscription.
Stocks Updates
TCS: signed an MoU with C-DAC (under the Ministry of Electronics and IT) to jointly develop India’s sovereign cloud infrastructure.
BHEL: received a letter of intent for a Rs 22.87 crore order from South Western Railway to supply KAVACH equipment.
M&M: company subsidiary, Mahindra Holdings, fully acquired Mahindra & Mahindra Contech for Rs 12.5 crore and PSL Media for Rs 87 lakh.
Lodha Developers: signed a Rs 30,000 crore MoU with the Maharashtra govt to build a Green Integrated Data Centre Park in Palava (near Mumbai).
Infosys: got SEC clearance for a Rs 18,000 crore share buyback, pending shareholder approval.
GMR Airports: incorporated a wholly owned subsidiary, GMR Cargo and Logistics Ltd, to execute the Cargo City Project at Delhi Airport.
Adani Enterprises: company subsidiary, Adani Road Transport, will fully acquire DP Jain TOT Toll Roads for up to Rs 1,342 crore.
Bajaj Finance: issued Rs 1,350 crore worth of non-convertible debentures with a 7.24% coupon rate, maturing on 12 Dec 2028 through private placement.
ICICI Prudential: will redeem and reissue Rs 1,200 crore worth non-convertible debentures.
Word of the Day
Real Estate Investment Trust (REIT)
It is an entity that owns or manages income-generating real estate like offices, malls, warehouses, etc
You can buy REIT units on the stock market just like shares.
The REIT collects rent or lease income and, as required by SEBI, distributes most of it to investors.
This lets you earn a share of rental income without actually buying or managing property yourself.
It it like a mutual fund that invests in real estate instead of stocks/bonds.
6 Day Course
Theme: PMS
Day 5: Friday
Where PMS truly shines is customisation.
A PMS’s manager can tailor and customise the investments to suit a person.
Which means, the manager can make the investments tax efficient (using harvesting).
The manager can also take advantage of niche opportunities where the investment amount required is small (compared to mutual funds size).
Many investors invest to diversify their portfolio in certain ways and are less concerned about higher returns. PMS suits them very well too.
One of the biggest factors to understand here is that when a mutual fund invests in a stock, it usually invests hundreds of crores.
Many good stock opportunities are small — a few crores. So mutual funds cannot invest in them.
PMS are usually much smaller in size.
Such small investment opportunities can be easily utilised by PMS managers.
This makes PMS a lot more nimble.
Featured Question
Q. “In mutual funds, in the systematic investment plan (SIP), if redeemed after one year, will it come under long term capital gain (LTCG) or short term capital gain (STCG). Similarly please explain about procedure for redeeming of ELSS in SIP mode.”
This is a common doubt.
In SIPs, please remember that you are investing every month. Every month’s investment is treated as an individual and separate investment.
Let’s say you did an SIP for 18 months: Jan 2022 to June 2023.
After this, you withdrew the entire amount.
So in this case, the investments made till Dec 2022 have completed one year. So, LTCG or Long Term Capital Gains tax will apply.
The investments made from Jan 2023 to June 2023 have not completed one year. So, STCG or Short Term Capital Gains tax will apply.
The above applies in case of SIPs into equity mutual funds.
In ELSS too, the lock-in period of each month's investment is calculated separately. So every months' investment will come out of lock-in exactly 3 years later.
Did you like this edition?
Leave a feedback here!