1,000.00 Bee¥ POINTS
1️⃣
Fwd: Service sector growth, IDFC merger, & more - Groww Digest
📣/
---------- Forwarded message ---------
From: Groww Digest <noreply@digest.groww.in>
Date: Fri, Oct 4, 2024 at 8:32 PM
Subject: Service sector growth, IDFC merger, & more - Groww Digest
To: <logysysweb@gmail.com>
From: Groww Digest <noreply@digest.groww.in>
Date: Fri, Oct 4, 2024 at 8:32 PM
Subject: Service sector growth, IDFC merger, & more - Groww Digest
To: <logysysweb@gmail.com>
Groww Digest
4 October, 2024
| Sensex | 81,688.45 | ▼ 0.98% |
| Nifty | 25,014.60 | ▼ 0.93% |
Nifty 50
25,014.60 -235.50 [1-day]
💡 Nifty 50 has fallen between 0% and 1% about 377 times in the last 5 years.
Nifty 50 stocks saw a sudden fall after 12:26 PM today.
Markets have closed down in the last 5 trading days.
Media stocks fell the most today. PSU bank sector was up.
US markets were down. European markets saw a mixed trend.
Top Gainers | NIFTY 50 |
| Infosys | Rs 1,918.15 | ▲ 1.31% |
| ONGC | Rs 295.25 | ▲ 1.10% |
| HDFC Life | Rs 708.80 | ▲ 0.93% |
| Tech Mahindra | Rs 1,616.45 | ▲ 0.77% |
| Wipro | Rs 533.55 | ▲ 0.64% |
Top Losers | NIFTY 50 |
| M&M | Rs 3,017.45 | ▼ 3.59% |
| Bajaj Finance | Rs 7,211.35 | ▼ 2.99% |
| Nestle | Rs 2,598.15 | ▼ 2.87% |
| Hero Moto | Rs 5,520.85 | ▼ 2.51% |
| BPCL | Rs 340.25 | ▼ 2.47% |
India’s forex reserves rose to an all-time high of $704.89 billion after adding $12.59 billion in the week that ended on 27 Sept.
India’s services sector PMI fell to 57.70 in Sept (vs 60.90 in Aug). This means that the services sector grew at a slower rate in Sept as compared to Aug.
Stocks Updates
IDFC First: reported a 21.30% year-on-year rise in total loans disbursed to Rs 2.22 lakh crore in the July-Sept quarter. Deposits with the bank rose 32.20% to Rs 2.17 lakh crore. The bank has also completed the merger of IDFC Ltd with the company.
GAIL: has signed an MoU with AM Green to jointly set up 2.5 GW of renewable energy projects.
HDFC: reported a 7% year-on-year rise in gross loans disbursed to Rs 25.19 lakh crore in the July-Sept quarter. Deposits with the bank rose 15.10% to Rs 25 lakh crore.
Bajaj Housing: has raised Rs 550 crore through debt on a private placement basis. The issue has an interest rate of 7.56% and a tenure till 2034.
L&T Finance: has raised Rs 300 crore through 2 debt issues on a private placement basis. The issues have interest rates of 8.24% and 8.16% and a tenure till 2027.
Bank of Baroda: reported a 12.51% year-on-year rise in domestic loans disbursed to Rs 9.39 lakh crore in the July-Sept quarter. Deposits with the bank rose 7.14% to Rs 11.51 lakh crore.
IndusInd Bank: reported a 13% rise in loans disbursed to Rs 3.57 lakh crore. Deposits rose 15% to Rs 4.13 lakh crore.
Garden Reach Shipbuilders: got orders worth Rs 226.18 crore for hybrid electric ferries from the West Bengal government.
Word of the Day
Profit Margin
The amount of money (out of total revenue) left with a company after its expenses.
If a company has a total revenue of Rs 100 and ends up with Rs 20 after paying costs such as taxes and wages, then it has a 20% profit margin.
While a higher profit margin is generally considered a positive sign, the ‘right’ margin amount varies from industry to industry.
Some industries with a smaller user base (like Mercedez) might need to have a higher profit margin to survive.
On the other hand, in some industries where the customer base is large (like DMart) a smaller profit margin can help attract customers much faster — selling your products for cheaper and spending more on R&D and marketing.
6 Day Course
Theme: less popular types of equity mutual funds
MonTueWedThuFriSun
Multi-cap funds.
There used to be an older definition of multi-cap mutual funds.
Earlier
Multi-cap funds were allowed to invest in any company as long as more than 65% of the total money was invested in stocks.
Back then, multi-cap mutual funds used to invest mostly in large-cap stocks.
Then, the rules were changed.
Now
Multi-cap mutual funds have to invest at least 25% in small-cap stocks, 25% in mid-cap stocks, and 25% in large-cap stocks.
Many of the older multi-cap funds changed their type to ‘flexi-cap’ and continued to invest heavily in large-cap stocks.
So, this new kind of multi-cap fund category is actually quite rare. Not many investors invest in it.
The older kinds of multi-cap (which are now called flexi-cap mutual funds) are popular with investors.
Missed last week's course? You can download the course PDF - click to download
Featured Question
| Q. “If I have bought total 4 shares of a company in such a way that 1 bought in Jan 1 in Jun and 2 in oct of same year. Now I want to sell 2 shared in November month so which 2 shares will be sell the older one or the new ones, please confirm, thanks!” |
A. The oldest shares are sold first.
When selling shares, the principle of FIFO is followed.
FIFO = First In, First Out
This is because older shares tend to have lower taxes in many cases.
So, selling older shares first is better for the investors.
Investors do not have to choose which shares to sell. Investment platforms automatically sell the oldest shares first.
In this section, daily, we'll try to answer one burning question related to the field of personal finance education.
Remember, NO investment advice & ONLY personal finance education questions.
Ask your question here: Ask a question
1 Day Change
| 🥇 10g Gold | Rs 76,110 | ▲ 0.20% |
| 🥄 1kg Silver | Rs 92,420 | ▲ 0.91% |
| 💲 USD-INR | Rs 83.97/USD | ▲ 0.02% |
| 🇺🇸 Dow Jones | 42,011.59 | ▼ 0.44% |
| 🇺🇸 Nasdaq | 17,918.47 | ▼ 0.04% |
A fall in the USD INR rate indicates that the Rupee is getting stronger as compared to the US dollar, hence it is presented in green. A rise represents weakening of the Rupee as compared to the US dollar, hence it is shown in red.
Long Term Returns | Past 20 yrs |
| 🇮🇳 Sensex | ▲ 14.17% p.a. |
| 🇮🇳 Nifty | ▲ 14.05% p.a. |
| 🇺🇸 Dow Jones | ▲ 7.33% p.a. |
| 🇺🇸 Nasdaq | ▲ 11.72% p.a. |
Returns in INR for Sensex & Nifty and in USD for Dow Jones & Nasdaq - not directly comparable
| ⬤ ⬤ ⬤ ⬤ ⬤ |
DID YOU LIKE THIS DIGEST?
 Team Groww Digest |
GROWW IS INDIA'S #1 STOCK BROKER 💛 LOVED & TRUSTED BY 1CR+ ACTIVE INVESTORS |
ⓒ 2020 Groww Invest Tech Pvt Ltd About Us | Terms & Conditions | Privacy Policy
Our registered office address: No.11, 80 Feet Road, 4th Block, S.T Bed, Koramangala, Bangalore – 560034, Karnataka
|
Disclaimer: The above-mentioned details have been collated/prepared by Groww Invest Tech Pvt Ltd and is meant for sole use by the recipient and not for circulation. The information contained in this e-mailer has not been prepared with any account specific investment objectives, financial situations, or needs of any particular investor and is intended for general information purposes only. The information published should not be used as a substitute for any form of advisory. Kindly note that investment in securities markets is subject to market risks, read all the related documents carefully before investing. The investor is requested to take into consideration all the risk factors before the commencement of trading. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance of the schemes is neither an indicator nor a guarantee of future performance. Groww Invest Tech Pvt Ltd - SEBI Registration no: INZ000301838, Research Analyst no - INH200008662 ,DPI Registration no: IN-DP-417-2019 and AMFI Registration No: ARN-111686 |
×
Error! Domain is already taken.
×
×
Leaderboard