Markets opened slightly below yesterday’s closing point.
Nifty 50 fell in the first half of the day and closed in red.
All sectors’ stocks fell today except for the IT and consumer durables stocks. Media stocks and realty stocks fell the most.
Global markets: US markets and most Asian markets fell. European markets rose (as of 6 pm IST).
News
The Unified Payments Interface (UPI) was launched in Qatar, starting with the Lulu Hypermarket in Doha, to simplify payments for travellers and the 8.3 lakh Indian community in the country. Qatar is the 8th country to adopt UPI.
LG Electronics IPO has been subscribed 3.31 times. Retail subscription: 1.89 times. IPO closes tomorrow (9 Oct).
Tata Capital IPO was subscribed 1.95 times. Retail subscription: 1.09 times. IPO is closed for subscription.
Stocks Updates
Coal India: signed an MoU with IRCON International Ltd to develop the company’s and its subsidiaries’ rail infrastructure.
Solar Industries: secured a Rs 483 crore order from SECL (a Coal India subsidiary) to supply bulk explosives over 2 years.
ABB India: announced the $5.375 billion sale of its robotics division to SoftBank Group, which is expected to conclude in the later half of 2026.
Tech Mahindra: board will decide on a possible interim dividend in the board meeting on 14 Oct.
Adani Enterprises: approved raising funds of up to Rs 3,000 crore by issuing non-convertible debentures.
Waaree Energies: completed the acquisition of 64% stake in Kotsons Pvt Ltd (a transformer solutions company) for Rs 192 crore, making it a subsidiary.
Infosys: received a penalty of Rs 1.14 crore by the central authorities for non-realization of export proceeds for FY18 to FY23.
Word of the Day
Public-Private Partnership (PPP)
It is a collaboration between the government and a private company to build and operate public projects
Under a PPP, the government provides support like land, approvals, or partial funding, while private companies bring investment, efficiency, and expertise. They both share responsibilities.
Example: say the government wants to build a highway but lacks some funding. In this case, it can partner with a private company. The company invests money and manages construction, while the government oversees regulations and land acquisitions.
These partnerships are used in areas like roads, airports, hospitals, and infrastructure projects.
The idea is to combine the public sector’s social responsibility with the private sector’s efficiency to deliver better services.
Example: the Delhi and Mumbai airports operate under a PPP model.
6 Day Course
Theme: High-risk high-reward investments
Day 3: Wednesday
We’ve spoken about small/mid cap mutual funds, and individual stocks investments.
Now, let’s talk about companies that are not on the share markets.
Many good companies’ best growth happens very early in their life cycle.
Often, these companies’ shares are not listed or available on the exchanges at this stage.
Investors who invest at these stages are able to gain very high returns.
Investment growing by 10x or even 100x happens sometimes.
The downside of these investments is that the chance of loss of the entire investment amount is also very high.
Start-up investment is an example of this kind of investment.
Features Question
Q. “Nifty 50 is made up of 50 biggest companies of indian stock market, Sensex is made up of 30 biggest companies of indian stock market,is this mean that first 30 companies are same between Nifty 50 and Sensex?”Yes.
Nifty 50 is made up of the 50 biggest companies in India.
Sensex 30 is made up of the 30 biggest companies in India.
This means that the first 30 companies are common in both indices.
There are many such indices where stocks overlap.
Example: Nifty 100 has top 100 stocks which automatically includes Nifty 50 and Sensex 30.
Nifty Bank index is made up of 12 of the biggest banking stocks which means many stocks present in the Nifty Bank index are also found on Sensex 30 and Nifty 50.
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