Unemployment rate falls marginally, REC's Rs 3.20 interim dividend, & more - Groww Digest

Mar 16, 2026

Markets opened very close to Friday’s closing point.

Auto stocks and FMCG stocks rose the most today. Oil and gas stocks and realty stocks fell the most.

Global markets: US markets fell on Friday. Asian markets showed a mixed trend. European markets rose (as of 6 pm IST).

News

India’s unemployment rate fell marginally to 4.9% in Feb (vs 5% in Jan).
India’s merchandise exports fell by 0.8% year-on-year in Feb while imports rose 24.12%. The merchandise trade deficit widened to $27.1 billion.
India’s annual wholesale inflation rate rose to an 11-month high of 2.13% in Feb (vs 1.81% in Jan).
India, the World Bank, and the Haryana government have signed a $300 million agreement to improve air quality in the state through policy reforms, investments, and stronger pollution monitoring systems.

REC: board declared an interim dividend of Rs 3.20 per share with 20 March as the record date.
Vedanta: approved a Rs 2,575 crore non-convertible debenture issue on a private placement basis.
IDBI Bank: clarified it cannot confirm or deny reports about scrapping its stake sale, as the strategic disinvestment process is confidential and handled by the Indian Government.
Union Bank of India: board approved raising up to Rs 20,000 crore via long-term bonds.
Adani Power: won a 25-year contract from Maharashtra State Electricity Distribution Company Ltd to supply 1,600 MW thermal power.

Promoter Holdings

It is the percentage of shares in a company held by its promoters

These promoters can be the founding members, the parent company or insiders with significant control in the company.

Changes in promoter holding can directly impact the stock price, as they affect market sentiment and investor trust.

For investors, promoter holdings is one of the metrics to judge the stability and confidence in a company.

Theme: AI terms for investors
Day 1: Monday

In recent years, AI tools have flourished and become common.

In this week’s course, we will learn about some AI tools’ traits especially in the finance and investing domain.

Hallucination:

This is when an AI tool gives false information or makes up information that does not exist.

This is one of the most common problems plaguing AI-LLM chat bot tools like ChatGPT, Gemini, and Claude.

What makes them trickier is that we can never be too sure when or under what circumstances an LLM starts hallucinating.

This trait alone makes them less dependable.

In recent times, AI hallucination has reduced. But it has still not been completely removed.

This is one of the biggest risks in using AI tools in finance and investing.

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