PhysicsWallah's Rs 3,820 cr IPO, Hero Moto's new CEO, & more - Daily Digest

Monday, 8 September 2025

Groww Digest

Sep 08, 2025

Markets opened above Friday’s closing point.

Nifty 50 fell sharply in the last hour and closed flat.

Auto stocks and PSU bank stocks rose the most today. IT stocks and healthcare stocks fell the most.

Global markets: US markets fell. Most Asian markets closed in green. Most European markets were in green (as of 6 pm IST).

There will be no USD-INR section today as the RBI declared a bank holiday after the Maharashtra government shifted the Eid-e-Milad holiday from 5 Sept to 8 Sept.

News

Foreign portfolio investors (FPIs) sold Indian stocks worth $4 billion in August. This is the biggest outflow in 7 months, mainly due to the US tariffs on Indian exports and the falling Rupee.
China’s trade surplus increased to $102.33 billion in August (vs $98.24 billion in July).
India and Israel signed a Bilateral Investment Treaty (BIT), to boost investments and pave the way for a potential Free Trade Agreement (FTA).
PhysicsWallah filed an updated Draft Red Herring Prospectus (DRHP) with SEBI for a Rs 3,820 crore IPO.

Stocks Updates

Adani Green: operationalized 87.5 MW capacity power projects at Khavda, Gujarat.
Adani Power: will jointly set up a 570 MW hydroelectric project at Wangchhu, Bhutan, with an investment of about Rs 6,000 crore with Bhutan’s Druk Green Power.
NTPC Green: signed an MoU with VOC Port Authority to set up a green hydrogen fuelling station along with hydrogen-powered trucks at Tuticorin port.
Hero Moto: appointed Mr. Harshavardhan Chitale as the company’s new CEO, effective from 5 Jan 2026.
SpiceJet: fully paid back a long-standing liability of $24 million with Credit Suisse.

Word of the Day

Beta

It measures the volatility of an investment compared to the market as a whole.

In simple words, it measures the ups and downs of the investment as the market changes.

A beta of 1 means the investment is as volatile as the market.

A beta above 1 means the investment is more volatile, while a beta below 1 means it’s calmer than the market.

It is an indicator a kind of risk. A higher beta can mean bigger returns, but also bigger losses.

6 Day Course

Theme: PMS
Day 1: Monday

Investors in India have become quite familiar with mutual funds.

There is another asset class that is similar, but a bit different.

Portfolio Management Services: PMS.

In this week’s course, we will explore PMS more and learn about what makes it a great option — and why it might not be for you, even if you have lots of money.

There’s a reason why it is less heard of. The minimum amount needed to invest in a PMS is Rs 50 lakh.

These funds tend to take much greater risk, have more concentrated portfolios (less diversification), aim to generate higher returns, and charge higher fees (usually).

In mutual funds, you pay tax when you withdraw money from it.

You do not pay any taxes when stocks are bought or sold by the fund manager.

In case of PMS, every stock selling is taxed (exactly like when you invest in stocks yourself).

In effect, you are opening a demat account with the PMS and giving them control.