USA's 30-day waiver for India, Indian Oil's Rs 2 dividend, & more - Groww Digest
Friday, 6 March 2026
Markets opened above yesterday’s closing point.
IT stocks and chemicals stocks rose the most today. Private bank stocks and realty stocks fell the most.
Global markets: US markets fell. Most Asian markets rose. Most European markets fell (as of 6 pm IST).
News
Indian Oil: declared an interim dividend of Rs 2 per share with 12 March as the record date.
HCL Tech: completed the acquisition of 100% stake in Singapore-based consulting firm Finergic Solutions Pte Ltd.
Reliance: company subsidiary, Reliance Consumer Products, signed an MoU with Finland’s Fazer to manufacture and distribute premium chocolates in India.
Jio Financial: invested Rs 147.45 crore in its joint venture, Allianz Jio Reinsurance, taking its total investment to Rs 150 crore.
Stocks Updates
Indian Oil: declared an interim dividend of Rs 2 per share with 12 March as the record date.
HCL Tech: completed the acquisition of 100% stake in Singapore-based consulting firm Finergic Solutions Pte Ltd.
Reliance: company subsidiary, Reliance Consumer Products, signed an MoU with Finland’s Fazer to manufacture and distribute premium chocolates in India.
Jio Financial: invested Rs 147.45 crore in its joint venture, Allianz Jio Reinsurance, taking its total investment to Rs 150 crore.
Auto Updates (Feb)
Maruti Suzuki: sales grew by 7.3% year-on-year to 2.14 lakh units. Domestic sales stood at 1.75 lakh units and exports stood at 39,155 units.
M&M: sales grew 18% year-on-year to 97,177 lakh units. Domestic passenger vehicle sales grew 19% to 60,018 units while commercial vehicle sales grew 10% to 24,585 units.
Tata Motors Passenger: sales grew 35% year-on-year to 63,331 units.
Hyundai Motor: sales grew 12.6% year-on-year to 66,134 units including export sales of 13,727 units.
Eicher Motors: sales grew 11% year-on-year to 1.01 lakh units.
TVS Motor: sales grew 31% year-on-year to 5.29 lakh units. EV sales grew 60% year-on-year to 38,386 units.
Ashok Leyland: sales grew 24% year-on-year to 22,157 units.
Escorts Kubota: sales grew 20.4% year-on-year to 10,339 units. Exports fell by 1.3% to 614 units.
Bajaj Auto: sales grew 27% year-on-year to 4.48 lakh units.
Word of the Day
Sanctions
They are penalties or restrictions imposed by one country (or group of countries) on another to influence its behavior
Sanctions can include trade bans, asset freezes, travel restrictions, or financial limits.
Example: a country might ban/restrict imports or exports to another country as a sanction to to pressure it into changing a policy or action.
Sanctions are used to pressure countries, companies, or individuals for actions like breaking international law, human rights violations, or security threats. They can affect global trade and investments.
6 Day Course
Theme: currency
Day 5: Friday
The US dollar is one of the most powerful currencies in the world.
Most international trade happens in the US dollar even between parties that are not located in the US.
This gives the US dollar a status of world’s reserve currency.
Many countries intentionally weaken their currency with respect to other stronger currencies (like the US dollar).
They do so in order to ensure that goods and services from their country are cheaper (for export).
This allows the country’s economy to flourish while remaining competitive.
Countries with export-based economies tend to rely on this method more.
Example: Japan and China have both weakened their currency in order to remain competitive in exports.
Featured Question
Q. “Is the notion true that when Equity market rises , metals fall and vice versa. But nowadays we’re seeing some examples when both these markets are falling simultaneously.”
True to some extent. It depends on the metal.
Also, the relationship does not always hold true. But it does hold true more often.
When the markets are tanking, people start panicking and selling their stocks, and moving money to ‘safe havens’.
Precious metals like gold and silver are considered safe havens.
This is why we see gold and silver prices rise when stocks are down and vice versa.
In the case of some metals, we see the opposite. Their prices fall with the stock markets. These are mostly industrial use metals like copper and aluminium.
But each metal is also affected by individual factors independent of whatever is happening in the broader stock markets.
So they can behave differently too. This is why there are times when all metals including precious metals are down along with the stock markets.
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