IndiGo airlines enters Nifty 50, BHEL receives Rs 15,000 cr order, & more -Groww Digest

Tuesday, 30 September 2025

Sep 30, 2025

Markets opened above yesterday’s closing point.

Nifty 50 fell in the first hour. It was volatile and closed flat. The main reason for this may have been cautious investor sentiments before the RBI’s policy decision tomorrow (1 Oct).

PSU bank stocks and metal stocks rose the most today. Media stocks and consumer durables stocks fell the most.

Global markets: US markets rose and Asian markets showed a mixed trend. Most European markets rose (as of 6 pm IST).

News

The Nifty 50 was reshuffled today (done every 6 months). InterGlobe Aviation (IndiGo) and Max Healthcare were added. Hero MotoCorp and IndusInd Bank were removed.
India’s external debt rose to $747.2 billion in the April-June quarter (vs $736.3 billion in the Jan-March quarter).
Vishvaraj Environment applied for an IPO worth Rs 2,250 crore with SEBI.
Anand Rathi IPO listed on the stock exchanges at a premium of 4.35% over its issue price and closed 7.62% up at the end of the day.
Seshasaai Technologies IPO listed on the stock exchanges at a premium of 2.13% over its issue price and closed 2.73% down at the end of the day.
Pace Digitek IPO was subscribed 1.59 times. Retail subscription: 1.03 times. IPO is closed for subscription.

Stocks Updates

BHEL: received an order (Rs 13,000 crore to Rs 15,000 crore), from the M.P. Power Generating Company to build two 660 MW supercritical thermal power units in Madhya Pradesh.
REC: incorporated 2 new subsidiaries, Kempegowda Power Transmission (in Karnataka) and Barmer HVDC Power Transmission (in Rajasthan), for power transmission projects in the states. It will transfer these arms to winning bidders of the projects.
Tata Motors: incorporated a new step-down subsidiary in Netherlands, TML CV Holdings BV, to support its planned 3.8 billion Euros (approx) acquisition of the Iveco Group’s commercial vehicle business.
Lupin: received US FDA approval for Rivaroxaban for Oral Suspension used to prevent and treat blood clots. It had an estimated annual sales of $11 million in the US.
Power Finance Corp: a company subsidiary incorporated South Kalamb Power Transmission Ltd as an SPV (special purpose vehicle) to develop a power evacuation project in Maharashtra, which will later be transferred to the winning bidder.
ICICI Bank: got a Rs 216 crore GST show cause notice over charges on minimum balance accounts, which it plans to appeal.
Lodha Developers: raised Rs 500 crore via non-convertible debentures with a 8.1% interest rate, maturing in Sept 2030, on a private placement basis.
Adani Green: operationalized 408.1 MW capacity power projects at Khavda, Gujarat.
Jindal Steel: commissioned a 3 MTPA Basic Oxygen Furnace (BOF) at Angul integrated steel plant, increasing its steel capacity to 9 MTPA.
Mazagon Dock: declared a final dividend of Rs 2.71 per share for the financial year 2024-25.
Dixon Tech: set up a new wholly owned subsidiary, Dixon Electrocorp, to make lithium-ion batteries and related products.
IRFC: will loan Rs 10,560 crore for Maharashtra State Power Generation Company’s 1,320 MW Koradi thermal expansion in Nagpur. It will also loan Rs 5,929 crore for Haryana Power Generation Corp’s 800 MW Yamunanagar thermal project in Haryana.

Word of the Day

Special Economic Zone (SEZ)

It is an area where businesses get special benefits and relaxed rules compared to the rest of the country

Companies that are situated in SEZs enjoy tax breaks, simpler regulations, and better infrastructure.

The aim is to attract investment, boost exports, and create jobs. SEZs act like business-friendly islands inside a country to encourage industrial growth.

Examples: GIFT SEZ (Gujarat), Noida, Hyderabad, and Chennai.

6 Day Course

Theme: thematic funds
Day 2: Tuesday

There’s a difference between sector funds and thematic funds.

Sector funds stick to one industry. Example: pharma sector funds invest only in pharmaceutical companies’ stocks.

Thematic funds stick to one theme or idea. Example: healthcare theme funds invest in pharmaceutical, hospital, chemical, and materials companies’ stocks.

Infrastructure funds, pharma funds, and technology funds are some of the most highly discussed funds.

In more recent times, PSU sector funds have gained a lot of traction. These funds invest in government-owned or public sector companies.

Automobile sector funds and logistics funds have many overlapping investments.

Defence sector funds and railways sector funds have also gained prominence in recent times as stocks from these industries have performed well.

Consumer, bank & financial, energy, metals & mining, etc are some other common sectors/themes.

Featured Question

“We know that mutual funds invests in different stocks based on their type of fund, but can a mutual fund invest in other high-performing mutual funds?”

Most mutual funds do not invest in other funds.

But the provision does exist. They are allowed to invest in other mutual funds, and ETFs.

There is a category of mutual funds called Fund of Funds (FoF).

FoFs invest in other funds for diversification or for taking advantage of other fund managers’ expertise.

Example 1: if you invest in an emerging markets FoF, you are investing to gain from stocks of emerging or developing countries like India, Brazil, Vietnam, South Korea, etc.

One fund manager cannot be an expert in all those countries’ stocks.

So, the fund manager will invest in a mutual fund or ETF of each of the countries he/she wants to target.

Example 2: Gold Silver FoF aims to invest in both silver and gold. This FoF will invest in gold ETFs and silver ETFs.