📊 Daily market report
24 Nov 2023
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Sensex 65,970.04 ▼ 0.07%
Nifty 19,794.70 ▼ 0.04%
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IT stocks fell the most today. Pharma and metal stocks rose the most.
Other Asian markets: China and Hong Kong closed in the red. Japan and Taiwan closed in the green.
Stock markets will be closed on Monday on account of Gurunanak Jayanti.
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More...
India’s crude oil imports rose 5.9% month-on-month to 18.53 million metric tons in October.
Plastic exports from India grew 9.4% year-on-year to $933 million: Plexconcil.
India's foreign exchange reserves increased by $5.077 billion to $595.397 billion for the week that ended on 17 Nov.
Volvo India is aiming to have 50% of its vehicles to be powered with non-fossil fuels by 2030.
Coca-Cola has joined India’s Open Network for Digital Commerce (ONDC).
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Stocks in the news
L&T: signed a financing agreement with the Asian Development Bank for $125 million.
Gland Pharma: USFDA has completed the inspection of its Pashamylaram facility in Hyderabad.
JSW Steel: completed its Rs 750 cr investment in JSW Paints.
Siemens: received a tax demand of around Rs 24 cr.
Maruti Suzuki: board has approved allotment of over 1.23 cr shares to Suzuki Motor Corporation.
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IPO Corner
Subscription
Gandhar Oil Refinery
Total subscription: 64.07. Retail: 28.95.
Tata Tech
Total subscription: 69.43. Retail: 16.50.
Flair Writing Industries
Total subscription: 46.68. Retail: 13.01.
Fedbank Financial Services
Total subscription: 2.20. Retail: 1.82.
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Word of the Day
Collateral
A collateral is an asset (like gold, property, etc) kept as a security for repayment of loan.
If the borrower fails to repay, the lender can sell the collateral to recover the money.
Collateral is required in the case of some loans for example loans where the amount is higher than a certain limit.
Having a collateral helps reduce the lender’s risk.
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6 Day Course
Theme: market capitalisation
Day 5: Friday
We spoke about large, mid, and small-cap companies (ranked based on size).
For example: 100 biggest companies are called large-cap stocks, 101-250 are called mid-cap stocks, and so on.
There is one more way of categorising.
In this, we categorise the companies as large, mid, and small based on the actual m-cap value (rather than their ranking).
Companies with m-cap more than Rs 20,000 cr are also called large-cap.
Companies with m-cap between Rs 5,000 cr and Rs 20,000 cr are also called mid-cap.
Companies with m-cap below Rs 5,000 cr are also called small-cap.
It varies. There is no hard and fast rule.
Missed last week's course? You can download the course PDF - click to download: https://bit.ly/3syqccy
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Featured Question
“If I redeem money from mutual fund within first year, then Do I need to pay 15% STCG of whatever profit I got? Or I need to pay tax only when my profit exceeds 1 Lakh within 1 year?”
In the case of STCG, you have to pay a 15% tax on the total gains (profit) you made.
This applies when you buy an equity investment (mutual fund or shares) and sell it within 1 year.
If you sell after 1 year, LTCG applies — which is 10% of the gains.
In the case of LTCG, the first Rs 1 lakh gains are not counted when calculating tax.
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That's it for now. See you tomorrow! 😁
23 Nov 2023
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Sensex 66,017.81 ▼ 0.01%
Nifty 19,802.00 ▼ 0.05%
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Pharma and healthcare stocks fell the most today.
Realty and oil & gas stocks were the top gainers.
Asian markets: China and Hong Kong closed in the green. Japan and Taiwan closed in the red.
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More...
Imports of paper and paperboard to India stood at 9.59 lakh tonnes in April-Sept, a rise of 43%.
NCLT has allowed Go First airline’s appeal to extend the bankruptcy resolution timeline by 90 days till February 4, 2024.
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Stocks in the news
SBI: registered more than 9 lakh Central Bank Digital Currency (CBDC) transactions since 1 Dec, 2022.
LIC: planning to launch 3-4 new products in the coming months.
IRCTC: faced technical glitches on its website today.
CE Info Systems: will hold a board meeting on 27 Nov to consider fund raising.
Lupin: launched fixed-dose triple combination drug for the treatment of a lung disease.
CDSL: crossed 10 cr registered demat accounts on its platform.
Adani Green: BSE and the NSE have imposed a total fine of Rs 11.22 lakh on Adani Green Energy for non-compliance with listing regulations.
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IPO Corner
Subscription
IREDA
Total subscription: 38.80. Retail subscription: 7.73. Open till 23 Nov.
The following IPOs are open till 24 Nov:
Gandhar Oil Refinery
Total subscription: 15.27. Retail subscription: 17.27.
Tata Tech
Total subscription: 14.86. Retail subscription: 11.20.
Flair Writing Industries
Total subscription: 6.12. Retail subscription: 7.16.
Fedbank Financial Services
Total subscription: 0.90. Retail subscription: 1.26.
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Word of the Day
Annual Reports
Annual reports show the yearly performance of a company.
Annual reports include financial statements, such as balance sheets, income statements, and cash flow statements.
It also highlights the auditor's report, new products launched, & other important operating activities.
---------------------
6 Day Course
Theme: market capitalisation
Day 4: Thursday
M-cap is not entirely linked to current profits and revenues.
Company ABC: Rs 2000 cr revenue, Rs 400 cr profit
Company XYZ: Rs 4000 cr revenue, Rs 800 cr profit
Company ABC’s m-cap is Rs 20,000 cr.
What will XYZ’s m-cap be? Rs 40,000 cr?
It seems like an easy guess — but that is not how it works.
Company XYZ’s m-cap could be very different (lower or higher) based on the company’s future.
If a company seems like it will grow a lot more in the future, investors buy more shares of it — sending its share price and m-cap up.
Further, companies belonging to different industries can have very different m-caps.
This is also why the PE ratio of different companies is different.
Missed last week's course? You can download the course PDF - click to download: https://bit.ly/3syqccy
---------------------
Featured Question
"Why do people do trading and end up in loosing money? Instead, can't they invest the same trading amount in stocks and sell it when they are profited?"
Because they think they can make more money by trading.
A lot of traders get higher returns by trading. So they choose trading.
A lot of new traders lose money — that’s a part of the learning process.
A lot of traders lose money and are never able to make profits.
Such traders would benefit if they stopped trading and opted for investing in other methods.
Every investor/trader needs to evaluate themselves and decide which investment method is the best for them.
---------------------
That's it for now. See you tomorrow! 😁
23 Nov 2023
---------------------
Sensex 66,017.81 ▼ 0.01%
Nifty 19,802.00 ▼ 0.05%
---------------------
Pharma and healthcare stocks fell the most today.
Realty and oil & gas stocks were the top gainers.
Asian markets: China and Hong Kong closed in the green. Japan and Taiwan closed in the red.
---------------------
More...
Imports of paper and paperboard to India stood at 9.59 lakh tonnes in April-Sept, a rise of 43%.
NCLT has allowed Go First airline’s appeal to extend the bankruptcy resolution timeline by 90 days till February 4, 2024.
---------------------
Stocks in the news
SBI: registered more than 9 lakh Central Bank Digital Currency (CBDC) transactions since 1 Dec, 2022.
LIC: planning to launch 3-4 new products in the coming months.
IRCTC: faced technical glitches on its website today.
CE Info Systems: will hold a board meeting on 27 Nov to consider fund raising.
Lupin: launched fixed-dose triple combination drug for the treatment of a lung disease.
CDSL: crossed 10 cr registered demat accounts on its platform.
Adani Green: BSE and the NSE have imposed a total fine of Rs 11.22 lakh on Adani Green Energy for non-compliance with listing regulations.
---------------------
IPO Corner
Subscription
IREDA
Total subscription: 38.80. Retail subscription: 7.73. Open till 23 Nov.
The following IPOs are open till 24 Nov:
Gandhar Oil Refinery
Total subscription: 15.27. Retail subscription: 17.27.
Tata Tech
Total subscription: 14.86. Retail subscription: 11.20.
Flair Writing Industries
Total subscription: 6.12. Retail subscription: 7.16.
Fedbank Financial Services
Total subscription: 0.90. Retail subscription: 1.26.
---------------------
Word of the Day
Annual Reports
Annual reports show the yearly performance of a company.
Annual reports include financial statements, such as balance sheets, income statements, and cash flow statements.
It also highlights the auditor's report, new products launched, & other important operating activities.
---------------------
6 Day Course
Theme: market capitalisation
Day 4: Thursday
M-cap is not entirely linked to current profits and revenues.
Company ABC: Rs 2000 cr revenue, Rs 400 cr profit
Company XYZ: Rs 4000 cr revenue, Rs 800 cr profit
Company ABC’s m-cap is Rs 20,000 cr.
What will XYZ’s m-cap be? Rs 40,000 cr?
It seems like an easy guess — but that is not how it works.
Company XYZ’s m-cap could be very different (lower or higher) based on the company’s future.
If a company seems like it will grow a lot more in the future, investors buy more shares of it — sending its share price and m-cap up.
Further, companies belonging to different industries can have very different m-caps.
This is also why the PE ratio of different companies is different.
Missed last week's course? You can download the course PDF - click to download: https://bit.ly/3syqccy
---------------------
Featured Question
"Why do people do trading and end up in loosing money? Instead, can't they invest the same trading amount in stocks and sell it when they are profited?"
Because they think they can make more money by trading.
A lot of traders get higher returns by trading. So they choose trading.
A lot of new traders lose money — that’s a part of the learning process.
A lot of traders lose money and are never able to make profits.
Such traders would benefit if they stopped trading and opted for investing in other methods.
Every investor/trader needs to evaluate themselves and decide which investment method is the best for them.
---------------------
That's it for now. See you tomorrow! 😁
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