Markets closed lower compared to Friday’s closing point.
PSU Bank stocks and media stocks fell the most today. Metal stocks and realty stocks rose the most.
Global markets: US markets rose on Friday. Most Asian markets fell on Monday. Most European markets rose marginally (as of 6 pm IST).
News
The government lifted the ban on exports of grains and permitted wheat exports as well as others like maida, semolina, etc, effective immediately.
The service producer prices rose for 4 out of 7 sectors in the April-June quarter, compared to the previous quarter. Air (passenger) services rose the most, along with banking services, pension fund management, and railway services.
IPO Corner
Tempsens Instruments (India) Limited IPO was subscribed 184.07 times on day 3. Retail subscription: 60.69 times. The IPO closed for subscription.
Augmont Enterprises IPO was subscribed 14.46 times on day 2. Retail subscription: 13.37 times. The IPO will close for subscription on 25 August.
Symbiotec Pharmalab IPO was subscribed 0.80 times on day 1. Retail subscription: 0.95 times. The IPO will close for subscription on 27 August.
Skyways Air Services IPO was subscribed 1.16 times on day 1. Retail subscription: 1.65 times. The IPO will close for subscription on 27 August.
Horizon Industrial Parks listed at Rs 60.25 on NSE, a premium of 0.42% over its issue price and closed 0.33% lower.
Lalithaa Jewellery Mart listed at Rs 265 on NSE, a premium of 31.84% over its issue price and closed 23.93% higher.
Stocks Updates
ICICI Bank: issued a $1 billion five-year senior unsecured bond through its IFSC Banking Unit at a 5.410% coupon rate under its $7.5 billion Global Medium Term Note programme.
L&T: signed a contract worth over Rs 15,000 crore for a gas compression project in the Middle East. It will build gas compression plants and related facilities, while its power business will also construct two 230 kV substations.
TCS: subsidiary TCS Netherlands B.V. agreed to acquire 100% of Porsche subsidiary MHP Management- und IT-Beratung GmbH for an enterprise value of Euro 320 million. Porsche also signed a 5-year Euro 1.25 billion AI deal with TCS and MHP, effective after the acquisition closes.
Coal India: set up wholly owned subsidiary CIL Global Pte Ltd in Singapore to acquire critical-mineral assets overseas, manage international investments and support future acquisitions.
Word of the Day
Input Costs
These are direct or indirect costs that a company incurs while manufacturing goods or providing services
This includes everything from raw materials, manufactured parts, cost of skilled labour, energy costs, transporting costs, etc.
Companies of different sectors have different kinds of input costs.
Some sectors are heavily dependent on the cost of raw materials (mining companies), some are heavily dependent on skilled manpower (IT industry), etc.
6 Day Course
Theme: quarterly reports
Day 1: Monday
We keep hearing about companies releasing their quarterly reports in India.
In this week’s course, we’ll try to understand what they are and how they work.
Quarterly reports publishing is mandatory in India for all companies whose shares are traded on the share markets.
Such companies are also called listed companies.
In case of private companies that are not available on the share markets, this report must be published annually.
We will talk only about listed companies in this course.
Companies need to inform the exchange (BSE/NSE) 2 working days before they publish their quarterly report.
Companies must publish their quarterly report within 45 days of the end of the quarter.
In the case of the last quarter of the financial year (also called Q4, or Jan-March quarter), this limit is increased to 60 days.
————
What If
SIPs have become one of the most popular ways Indians invest in mutual funds.
Every month, thousands of crores come in through SIPs. And this amount has kept growing over the years.
In March of this year, monthly SIP contributions reached a record Rs 32,087 crore.
But the stock market still rises and falls.
So what happens to SIP investments when the market falls? Do people continue investing? And do larger SIP contributions help reduce the number or severity of market declines?
In today’s What If, we looked at 10 years of SIP contribution data and Nifty 50 returns to understand how people invested through market falls, whether larger SIP contributions were linked to fewer or smaller declines, and what happened after those falls.
Did you like this edition?
Leave a feedback here!
What if click but page not found 🤔 I want to see details on sip sirji