India's unemployment rate at 4-month low, L&T's over Rs 15,000 cr order & more - Groww Digest
Monday, 17 August 2026
Markets closed lower compared to Friday’s closing point.
Realty stocks and metal stocks rose the most today. IT stocks and FMCG stocks fell the most.
Global markets: US markets fell on Friday. Most Asian markets rose on Monday. Most European markets fell (as of 6 pm IST).
News
India’s unemployment rate fell to a four month low of 5.10% in July compared to 5.50% in June.
RBI advanced the deadline for swap facility for FCNR(B) deposits to 31 August instead of the earlier announced 30 September, after inflows of over $56 billion.
IPO Corner
Horizon Industrial Parks was subscribed 0.14 times on day 1. Retail subscription: 0.19 times. The IPO will close for subscription on 19 August.
Lalithaa Jewellery Mart was subscribed 0.69 times on day 1. Retail subscription: 0.74 times. The IPO will close for subscription on 19 August.
Dhoot Transmission listed at Rs 1200 on NSE, a premium of 37.77% over its issue price and closed 35.83% higher.
Molbio Diagnostics listed at Rs 980 on NSE, a premium of 21.44% over its issue price and closed 30.86% higher.
Stocks Updates
L&T: Energy Hydrocarbon Offshore business secured an ultra-mega order (above Rs 15,000 crore) for a strategic offshore development project in the Middle East. It will design, procure, build, install and commission multiple offshore facilities.
Sun Pharma: got a favourable ruling in the US Lipitor antitrust case. The judgment was in favour of the company and its subsidiaries, largely bringing the case to an end unless the plaintiffs take further legal action.
GMR Airports: started commercial operations at Alluri Sitarama Raju International Airport in Bhogapuram, Andhra Pradesh.
Lupin: received final USFDA approval for Pitolisant Tablets, a generic version of Wakix.
Aurobindo Pharma: got a USFDA inspection report saying its Raleigh facility is VAI (Voluntary Action Indicated) and the inspection is now closed. Pending product approvals from this site can now move forward in the USFDA review process.
Word of the Day
Alpha
It is the additional return earned over the overall system you are talking about
Say you are talking about Nifty 50 index. If a fund invests in large-cap stocks and gives returns higher than Nifty 50, the fund is said to be generating an alpha.
Example: Nifty 50 index gave a return of 12% per annum. A large-cap mutual fund gave a return of 15% per annum.
This means, the mutual fund was able to generate 3% more returns over the overall system it is a part of (large-cap stocks).
So we can say the mutual fund generated an alpha of 3%.
6 Day Course
Theme: opex and capex
Day 1: Monday
Opex = Operating expenditure
Capex = Capital expenditure
Opex is the money a business uses to run daily operations.
All the costs that are spent to make the business run within a certain period (usually that quarter or financial year) are grouped into this.
It includes expense like rent, salaries, material consumed, maintenance and repairs, marketing, services, etc.
An expense that is made for a future use is called capex.
Future use in this case is when an expense buys something beyond an accounting period (quarter or year).
Which means, if a company buys an equipment that it will use for many years, it will be grouped under capex.
Example: buildings, factories, warehouses, equipment, vehicles, IT hardware, acquired licenses and patents, software licenses, etc.
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What If
India’s GDP is one of the most important numbers people look at to understand how the economy is doing.
It is closely tracked by investors, policymakers, and global institutions, and it often shapes interest rates and government policy, which in turn affect companies across different sectors.
As an investor, you might have wondered if the economy is doing well, companies should do well, and so should your portfolios.
But is that really how it works?
In today’s What If, we studied 20 years of data to find out whether India’s GDP growth actually has any real link with stock market returns, or if the connection people assume exists at all.
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