Trump's 25% tariffs on India, NSDL IPO, TVS Motor profits up 32%, & more — Daily Digest
Thursday, 31 July 2025
Markets opened significantly below yesterday’s closing point.
Nifty 50 opened negatively due to overnight news about Trump announcing 25% tariffs on Indian goods, possible penalties over India-Russia ties, and announcement of US Fed’s interest rate.
All sectors’ stocks fell today except for FMCG stocks and media stocks. Oil and gas stocks and pharma stocks fell the most.
Global markets: Most US and most European markets closed in red. Most Asian markets fell.
News
The US Fed kept interest rates unchanged in the 4.25% to 4.5% range.
The US President announced 25% tariffs on Indian imports, starting from 1 Aug, along with a ‘penalty’. He cited India's high tariffs, limited market access, and the purchase of Russian oil and weapons as reasons for this.
The Cabinet approved a Rs 2,000 crore grant-in-aid to the National Cooperative Development Corporation for a period of 4 years. With this, the NCDC will be able to raise additional funds upto Rs 20,000 crore from the open market for lending to the cooperative sector.
The Cabinet approved an additional Rs 1,920 crore for the ‘Pradhan Mantri Kisan Sampada Yojana’, bringing the total allocation to Rs 6,520 crore. The scheme aims to strengthen the food processing and preservation infrastructure across India.
Brigade Hotel Ventures got listed on the stock exchanges at a loss of 9.89% from its issue price and closed 5.2% down at the end of the day.
NSDL IPO has been subscribed 5.03 times. Retail subscription: 4.17 times. IPO closes tomorrow (1 Aug).
Sri Lotus Developers & Realty IPO has been subscribed 10.34 times. Retail subscription: 9.57 times. IPO closes tomorrow (1 Aug).
M&B Engineering IPO has been subscribed 2.94 times. Retail subscription: 9.57 times. IPO closes tomorrow (1 Aug).
Aditya Infotech IPO has been subscribed 100.69 times. Retail subscription: 50.87 times. IPO closed for subscription.
Stocks Updates
Hindustan Unilever: net profit rose 6% year-on-year to Rs 2,756 crore in the April-June quarter.
Sun Pharma: net profit fell 20% year-on-year to Rs 2,279 crore in the April-June quarter.
Maruti Suzuki: net profit rose 1% year-on-year to Rs 3,792 crore in the April-June quarter. The board also announced expanding its business scope to include mobility services, used car sales, EV infrastructure, consulting, carbon credit trading, and vehicle recycling.
Adani Enterprises: net profit fell 50% year-on-year to Rs 734 crore in the April-June quarter.
Coal India: net profit fell 20% year-on-year to Rs 8,743 crore in the April-June quarter. Dividend declared: Rs 5.50 per share; record date: 6 Aug.
Vedanta: net profit fell 12% year-on-year to Rs 3,185 crore in the April-June quarter. The board approved $84 million for expansion at its Gamsberg Phase II zinc project.
Ambuja Cement: net profit rose 23% year-on-year to Rs 788 crore in the April-June quarter.
Eicher Motors: net profit rose 9% year-on-year to Rs 1,205 crore in the April-June quarter.
TVS Motor: net profit rose 32% year-on-year to Rs 610 crore in the April-June quarter. The board approved raising Rs 500 crore through non-convertible debentures via private placement.
Cholamandalam Investment: net profit rose 20% year-on-year to Rs 1,138 crore in the April-June quarter. The board approved raising Rs 55,000 crore through non-convertible debentures.
Mankind Pharma: net profit fell 18% year-on-year to Rs 438 crore in the April-June quarter. Dividend declared: Rs 1 per share; record date: 8 Aug. The board also approved raising Rs 1,000 crore via private placement.
Swiggy: net loss rose 96% year-on-year to Rs 1,197 crore in the April-June quarter.
Dabur India: net profit rose 3% year-on-year to Rs 514 crore in the April-June quarter.
JSW Energy: net profit rose 42% year-on-year to Rs 743 crore in the April-June quarter.
Tata Steel: company’s Thailand-based subsidiary, acquired the remaining 40% stake in its joint venture TSN Wires, making it wholly owned by Tata Steel.
Word of the Day
Foreign Institutional Investor (FII)
They are investors that invest in the financial markets of foreign countries
They can be international entities like hedge funds, banks, asset management companies, mutual funds, etc.
They invest in shares, debt, etc. of companies based in foreign markets.
In India, SEBI regulates FIIs and RBI limits how much such investors can invest in India.
6 Day Course
Theme: quant investing
Day 4: Thursday
Models can come in varying states of automation.
This means that a fully automated model will buy, sell, hold, etc on its own.
And a far-less automated model will seek its human-adminʼs permission to buy, sell, or hold.
Many models are somewhere in between these two. For many tasks they will place orders on their own and will seek human permission in some critical cases.
There have been a few giant crashes because fully automatic algorithms got stuck in a sell loop — they would sell when the price fell to a certain level. Because of that selling itself, the price would fall even more. And because of that new lower price, the model would again sell more.
Many modern models have built-in kill switches that get triggered in such cases.
Many trading and investing institutions are now using models that they have trained on certain proprietary data, and instructed to act in a certain way.
These models are industry secrets.
Featured Question
Q. “In case of death of mutual fund holder, can nominee continue until he/she wants further . What is lawful activity is this case. What will be implications of STCG/LTGS in this case. Please explain in brief.”
Nominees may or may not be a legal heir. This has to be determined first.
The legal heir can continue holding the shares or mutual funds after inheriting them.
There is no tax on inheritance as such.
The shares and mutual funds are passed to the legal heirs as-is.
Tax applies as usual based on the original date of investment.
So in case of debt + equity mutual funds and shares, the STCG and LTCG tax rates remain the same.
Debt mutual funds are taxed based on the income tax slab of the person withdrawing.
Equity mutual funds and shares are taxed as follows:
- STCG Tax = 20% of gains.
- LTCG Tax = 12.5% of gains.
STCG tax applies on investments that are withdrawn within one year of investment.
LTCG tax applies on investments that are withdrawn after more than one year of investment.
Did you like this edition?
Leave a feedback here!