Markets closed today, rise in forex reserves, & more — Daily Digest
Friday, 15 August 2025
The Indian stock markets were closed today on account of Independence Day / Parsi New Year.
Hence, there won't be any updates on the Nifty 50, Sensex, Top Gainers, and Top Losers sections today.
Global markets: US markets closed flat. Most Asian markets rose. Most European markets were flat (as of 6 p.m. IST).
News
India’s passenger vehicle sales declined 0.2% year-on-year in July to 3.41 lakh units. 2-wheeler sales grew by 8.7% while 3-wheeler sales grew by 17.5%: SIAM.
India’s foreign exchange reserves rose by $4.75 billion to $693.62 billion in the week that ended on 8 Aug.
RSB Retail India has applied for an IPO with SEBI with an offer-for-sale of 2.98 crore equity shares.
Stocks Updates
Tech Mahindra: company’s subsidiary Pininfarina has increased its stake in Italy’s Signature (a stationery company) from 24% to 84% for 134,375 Euros, making it a step-down subsidiary.
Word of the Day
Paid-up Capital
It is the money a company has actually received from shareholders after selling shares
It can be raised through selling shares in an IPO or when the company issues additional shares (FPO).
This is not raised when shares are traded among shareholders later — that is a secondary market activity and doesn’t add to paid-up capital.
It can be used for business operations, expansion, or debt repayment.
It is a part of the authorised capital — the maximum share capital a company is allowed to raise.
This is why, paid-up capital can never be more than authorised capital.
6 Day Course
Theme: illiquid shares
Day 5: Friday
The last category of illiquid shares is unlisted companies.
These are companies that have never been on the stock markets. They are privately held.
Companies like your local shop or business that is 100% owned by a person or family is an example of this.
These shares are traded much like real estate deals — by talking directly with the owner and agreeing on a price.
Often, the share owners are not looking to sell the shares at all.
Even when the shares are bought and sold, they are done through agreements and the record of the same does not show up in demat accounts.
Featured Question
Q. “Suppose I have option to buy 1.5 Cr property utilising home loan which might turn out to be 2 cr in 3 years horizon. Considering equity investments XIRR is more than 10%, is it wise to continue equity investments or buy property?”
Investing in mutual funds for a period of 3 years is not encouraged.
It is too short a period and can show very fluctuating returns.
Still, let’s try to see what happens.
A property going from Rs 1.5 crore to Rs 2 crore in 3 years means a growth of about 10% per annum.
Equity mutual funds have been able to give around 12-15% per annum in the long run.
So in this particular case, it appears that investing in equity mutual funds will grow faster regardless.
In this case, we are assuming you are buying the house using your own cash.
Let's say the house is bought using a loan.
The EMI amount in that case would depend on the duration of the loan.
So, check the duration of the loan and the resulting EMI.
See how that compares to your monthly mutual fund investment. Based on that, you can decide what is better for you.
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