Markets closed lower compared to Monday’s closing point.
The fall was sharper in the broader market. Brent crude oil prices rose to $110 a barrel as tensions between US and Iran continued to escalate which could have led to the fall.
Chemical stocks and consumer durable stocks fell the most today. IT stocks and cement stocks rose the most.
Global markets: US markets traded mixed on Tuesday. Most Asian markets rose on Wednesday. European markets rose (as of 6 pm IST).
News
India’s Infrastructure Output rose 7.9% in September compared to 5.9% in August.
Retail automobile sales fell 6.52% year-on-year to 11.23 lakh units in the Navratri period compared to the previous year, as per provisional data from Federation of Automobile Dealers Associations (FADA).
The government introduced Form 173A, a new form to claim income-tax exemption on interest and capital gains from government securities under the Income-tax (Seventh Amendment) Rules, 2026.
IPO Corner
Jio Platforms’ Rs 30,213 crore IPO was subscribed 3.03 times on day 1. Retail subscription: 0.70 times. The IPO will close for subscription on 23 Oct.
Paras Healthcare’s Rs 1,450 crore IPO was subscribed 0.15 times on day 1. Retail subscription: 0.69 times. The IPO will close for subscription on 23 Oct.
HD Fire Protect listed at Rs 335 on NSE, a premium of 23.62% over its issue price and closed 11.62% higher.
Stock Updates
Bajaj Finance: issued secured zero-coupon NCDs worth Rs 2,120 crore through private placement basis, maturing in Oct 2031.
L&T: won ‘large’ orders (Rs 2,500 crore to 5,000 crore category) to build Central Secretariat buildings in Delhi and two 47-storey office towers in Amaravati.
Eternal (Zomato): net profit rose 92.31% year-on-year to Rs 125 crore in the July-Sept quarter. It plans to transfer its Going-out India business to its subsidiary, Zomato Entertainment, for around Rs 130.76 crore. It will also swap its stake in Adonmo for shares of Mygate worth about Rs 156 crore.
Adani Green: net profit rose 15.44% year-on-year to Rs 673 crore in the July-Sept quarter.
Grasim: started production at its new epichlorohydrin chemical plant in Gujarat, with an annual capacity of 50,000 tonnes.
Zydus Lifesciences: received USFDA approval for a generic menopause treatment patch. The medicine’s annual US market sales are around $45.7 million.
Indian Hotels: net profit rose 22.66% year-on-year to Rs 349.49 crore in the July-Sept quarter.
Dr Reddy’s: received DCGI approval to use its cancer medicine Zytorvi with chemotherapy to treat certain patients with advanced food-pipe cancer.
Word of the Day
Controlling Shareholder
It is the shareholder who can exercise significant control over the company because of the voting power they have
Controlling shareholders may or may not be the biggest block of shareholders.
Their control comes from being a significant shareholder and therefore having significant voting power.
They may even own less than 50% of a company’s shares.
Shareholders who own more than 50% of a company’s shares are called majority shareholders.
6 Day Course
Theme: dividends
Day 3: Wednesday
In case of dividend payment, there are a few important days that must be remembered.
First comes the dividend announcement. The company announces that it intends to pay dividends.
It also announces the record date.
On the ex-dividend date, the share trades without counting the dividend value on its books. Which means, the share price drops by roughly the dividend amount.
Example: the share price of a company was Rs 204 and it announced a dividend of Rs 2. On the ex-dividend date, the share price dropped to Rs 202.05.
Record date: this is the cut off date for receiving the dividend.
Investors whose names are not on the shareholders’ names list on this date are not eligible to get the dividend.
India now follows a faster T+1 settlement cycle which means the ex-dividend date and the record date fall on the same date now.
So, to get the dividend, the shares must be in an investor’s demat account on this date.
Dividend payout date: the dividend is paid to investors on this date.
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Featured Question
Q. “Mutual funds Asset allocation is mainly divided in to three categories, large,mid and small, where does other categories such as flexi,multi caps, focused funds etc falls?”
There are many different strategies based on which different mutual funds invest.
Large-cap mutual funds: must invest at least 80% of their assets in large companies stocks (top 100 biggest companies).
Mid-cap mutual funds: must invest at least 65% of their assets in mid-cap companies stocks (top 101-250 biggest companies).
Small-cap mutual funds: at least 65% of their assets in small-cap companies stocks (251 and beyond).
Large & mid-cap mutual funds: at least 35% each in large and mid-cap companies.
Flexi-cap mutual funds: can invest in any kind of listed companies as long as at least 65% is in shares of companies.
Multi-cap mutual funds: at least 25% each in large, mid, and small-cap companies.
Focussed mutual funds: can invest in any kind of companies as long as at least 80% is in shares of companies. Cannot buy more than 30 stocks total.
Likewise there are many different categories. Each category has its own defined limits which they must adhere to strictly.
The information presented in this post has been compiled and prepared by Groww Invest Tech Pvt Ltd and is intended solely for informational purposes. It is not tailored to any specific investment objectives, financial situations, or needs of any individual investor. The content should not be construed as investment, financial, legal, or tax advice and should not be relied upon as a substitute for professional consultation.
Investing in securities markets involves inherent risks. Investors are advised to carefully review all relevant documents and consider their own risk tolerance before making any investment decisions.
Mutual fund investments are subject to market risks; please read all scheme-related documents carefully. Past performance of financial instruments, schemes, or markets is not indicative of future results.
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