Trump's new tariffs on pharma, Polycab block deal, & more - Groww Digest
Friday, 26 September 2025
Markets opened below yesterday’s closing point.
Nifty 50 fell in the second half of the day and closed in the red. The fall may have been due to the US President Trump announcing 100% tariffs on pharmaceutical imports.
All sectors’ stocks fell today. IT stocks and consumer durables stocks fell the most.
Global markets: US markets and most Asian markets fell. European markets rose (as of 6 pm IST).
News
The US President Trump announced 100% tariffs on branded and patented pharmaceutical imports to the US, effective 1 Oct 2025. The tariffs will not apply if the company is building a manufacturing plant in the US.
India’s forex reserves fell $396 million to $702.57 billion in the week that ended on 19 Sept.
Saatvik Green Energy IPO listed flat on the stock exchanges and closed 5.23% down at the end of the day.
Pace Digitek IPO has been subscribed 0.16 times. Retail subscription: 0.18 times. IPO closes on 30 Sept.
TruAlt Bioenergy IPO has been subscribed 0.81 times. Retail subscription: 0.79 times. IPO closes on 29 Sept.
Jain Resource Recycling IPO was subscribed 15.90 times. Retail subscription: 3.62 times. IPO is closed for subscription.
Epack Prefab Technologies IPO was subscribed 3.07 times. Retail subscription: 1.69 times. IPO is closed for subscription.
Stocks Updates
Waaree Energies: US customs officials are investigating the company for alleged duty evasion on solar imports. The company said it would co-operate in the ongoing investigation.
Tata Motors: the company’s British subsidiary, Jaguar Land Rover (JLR) announced a phased restart of its IT operations after a cyberattack.
TVS Motor: company is acquiring 100% ownership in the Italy-based 2-wheeler design and engineering company, Engines Engineering.
JSW Steel: Supreme Court has given approval to JSW Steel for acquiring Bhushan Power and Steel with a bid of Rs 19,700 crore under insolvency plan.
Polycab: promoters sold around a 1.5% stake in a block deal worth Rs 1,740 crore. The promoters held 63.01% stake in the company in June, 2025.
Jindal Steel: commissioned a 5 MTPA blast furnace at its Angul, Odisha plant, doubling hot metal capacity from 4 MTPA to 9 MTPA.
Word of the Day
Public Sector Undertaking (PSU)
It is a company owned and operated by the government, either central or state
The government has a majority stake in the company, meaning it owns 51% or more of its shares.
PSUs operate in key areas like energy, banking, mining, transport, etc.
Example: ONGC, SBI, HAL, etc.
Unlike private companies, their primary role is not profit making.
They are created to provide essential services that private players may neglect, support economic development, and keep key industries under government control while operating like regular businesses.
6 Day Course
Theme: tax on shares & mutual funds
Day 5: Friday
You might have noticed by now, tax is calculated using the buying price level and comparing it with the selling price.
The difference between these two is the gains.
But, in case of equity investments, there is an exemption of Rs 1.25 lakh gains per financial year.
This is used by many investors for reducing their tax burden.
What they do is they sell their shares and mutual funds at a higher price every financial year, but ensure that the capital gains does not exceed Rs 1.25 lakh.
Then, they buy the same shares or invest in the same mutual fund again.
This way they are able to increase the value of their buying price.
This leads to reduced long term capital gains tax in the long run. This strategy is called capital gains tax-harvesting.
This strategy only works up to a certain limit. After that, the advantage of using this strategy is minimal.
Featured Question
Q. “STCG and LTCG doesnot apply to trading gains. My doubt is “If i get a IPO allotted and i sell shares very same day and make some profit, then how it will be taxed ?” Under STCG or as per Income tax slab? Kindly explain”
IPO shares are delivery shares.
They are taxed in the same manner as when other shares are sold.
So, if you sell them in less than 1 year of getting them, an STCG tax rate of 20% will apply on the gains.
If selling after 1 year, LTCG tax of 12.5% will apply (up to Rs 1.25 lakh gains are exempt in a financial year).
Since you sold the shares on the day they were listed, an STCG tax of 20% will apply on the gains.
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