Markets closed higher than yesterday’s closing point.
Realty stocks and media stocks rose the most today. Auto stocks and FMCG stocks fell the most.
Global markets: US markets rose on Wednesday. Most Asian markets fell on Thursday. European markets opened in green (as of 6 pm IST).
News
India’s retail inflation rose to 6.09% in October compared to 5.54% in September. Urban inflation: 5.41% vs 4.88%. Rural inflation: 6.63% vs 6.08%.
MSCI added Coforge, Life Insurance Corporation of India (LIC), Adani Green Energy and Meesho to its MSCI Global Standard Index in its November 2026 review. PI Industries was the only stock to be excluded from the index.
India’s net direct tax collections rose 11.76% year-on-year to Rs 14.42 lakh crore as of 10 Nov FY27, compared to Rs 12.90 lakh crore in the same period last year.
Stock Updates
HAL: net profit rose 15.97% year-on-year to Rs 1,935.67 crore in the July-Sept quarter.
Adani Enterprises: subsidiary Kutch Copper Ltd signed an MoU with Chile’s state-owned Codelco to explore a copper mining project in Chile. It also set up Adani Rovuma Chemicals Ltd in the UAE for gas-to-chemicals projects.
Power Grid: won a transmission project in Karnataka with annual charges of Rs 243.34 crore. It will build, own and operate the project.
Union Bank: invested another Rs 336.51 crore in Star Union Dai-ichi Life Insurance Company Ltd, increasing its stake from 25.10% to 26.24%.
Zydus Lifesciences: completed the formation of a 50:50 JV, Zydus Sunshine Lifesciences (Pvt) Ltd, with Sri Lanka’s Sunshine Healthcare Lanka Ltd.
GAIL: signed an MoU with Krishak Bharati Cooperative Ltd (KRIBHCO) to explore setting up a 1.27 MMTPA fertiliser plant in Andhra Pradesh through a joint venture.
Tata Power: appointed Sanjay Banga as CEO Designate. He will take over as CEO and Managing Director for five years from 1 May 2027, subject to shareholder approval.
Word of the Day
Trust
It is a legal arrangement that exists for the benefit of a defined party or group
There are three parties that are crucial in every trust. The grantor is the person who starts the trust and funds it.
The trustee is responsible for managing the trust and ensuring the trust’s stated goals are achieved.
The beneficiary is the party or group that benefits from the trust’s existence.
Trusts are of many types and are used for various purposes.
Tax planning and succession planning are two common use cases.
6 Day Course
Theme: stocks order matching
Day 4: Thursday
If we look at the limit orders, we see many buy and sell orders.
The gap between the highest buy price and the lowest sell price is called the spread.
If the spread is very big, no limit orders get matched.
Orders start getting matched when some limit buy and sell orders have the same criteria, or the criteria benefits both sides.
Of course, if someone places a market order, the best limit orders get matched immediately.
A highly liquid stock has many limit orders and market orders being placed at any time, allowing investors to buy/sell easily.
On the other hand, in less liquid stocks, there are less orders and the chances of a large spread is possible.
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Featured Question
Q. “Why bond funds of mutual.funds are offering less than 10% returns even for 5 years and 7 years when.we see regular advertisements claiming more than 12% returns from.bond funds?”
Every bond is different.
Bonds with varying levels of risk and credit worthiness offer different interest rates.
The higher risk bonds usually tend to offer higher interest rates to offset the risk the investor is taking.
Debt mutual funds invest in multiple bonds. The returns we see are an aggregate of different bonds’ returns.
Therefore, some individual bonds held by such mutual funds can be very high.
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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