Groww Digest
| Sensex | 73,852.94 | ▲ 0.16% |
| Nifty | 22,402.40 | ▲ 0.15% |
Markets continued to rise today.
Nifty 50 opened higher than yesterday’s closing point and closed in the green.
Metal stocks rose the most. IT stocks fell the most.
US and European markets were up. Most Asian markets were up.
Top Gainers | NIFTY 50 |
| Hindalco | Rs 636.10 | ▲ 3.97% |
| Cipla | Rs 1,398.20 | ▲ 3.82% |
| JSW Steel | Rs 882.70 | ▲ 3.68% |
| Tata Steel | Rs 165.55 | ▲ 2.73% |
| Power Grid | Rs 290.40 | ▲ 1.77% |
Top Losers | NIFTY 50 |
| Tata Consumer | Rs 1,110.15 | ▼ 5.39% |
| Grasim | Rs 2,337.75 | ▼ 1.37% |
| Tech Mahindra | Rs 1,185.70 | ▼ 1.21% |
| HDFC Life | Rs 594.20 | ▼ 1.16% |
| TCS | Rs 3,831.05 | ▼ 1.13% |
India’s pharma exports increased by 9.67% to $27.9 billion in the financial year 2024.
RBI announced master directions for ARCs (Asset Reconstruction Companies) to have minimum capital of Rs 300 cr.
Australian firm Macquarie launched an EV financing firm Vertelo in India, with plans to invest $1.5 billion.
Welspun Corp: got orders worth Rs 611 cr from the South American region.
Tata Motors: subsidiary TPEM got a supply order of 2,000 electric cars from Vertelo.
- Reliance: Jio became the world's top telecom company in terms of data consumption: Tefficient.
LTIMindtree: recorded a decline in net profit by 5.86% year-on-year to Rs 1,100 cr in the Jan-March quarter. Dividend declared: Rs 45 per share.
Chennai Petroleum: recorded a net profit of Rs 628 cr in the Jan-March quarter. Dividend declared: Rs 55 per share.
Equitas Bank: reported an increase of 39% in net profit after tax to Rs 799 cr in the financial year 2024. Dividend declared: Re 1 per share.
Nippon Life: reported a net profit increase of 73.2% year-on-year to Rs 343 cr for the Jan-March quarter. Final dividend proposed: Rs 11 per share.
MCX: reported a net profit of Rs 87.8 cr in the Jan-March quarter (from a loss in the same quarter previous year).
HAL: awarded as Outstanding PSU of the Year in AIMA’s Managing India Awards after recording its highest-ever revenue for the financial year 2024.
360 One: recorded a 24.3% quarter-on-quarter net profit increase to Rs 241 cr.
ICICI Prudential: recorded a nearly 26% year-on-year decline in net profit to Rs 174 cr in the Jan-March quarter.
Axis Bank: will raise Rs 55,000 cr funding this year from debt and equity. Net profit of Jan-March quarter stood at Rs 7,130 cr.
Hindustan Unilever: reported a 6% year-on-year decline in net profit for the Jan-March quarter. Dividend declared: Rs 24 per share.
- Kotak Mahindra: RBI directed to stop issuing new credit cards and onboarding new online customers after finding non-compliance issues.
Asset Reconstruction Companies (ARCs) buy bad loans or non-performing assets from banks/financial institutions.
They are set up to help banks/financial institutions in unloading the defaulted loans and in maintaining their balance sheets.
After buying these bad loans, ARCs then sell those assets in the market to recover the money-loss as much as possible.
ARCs were first introduced in the budget of 2021-22 financial year.
Ignoring risk.
Every investment has a risk associated with it. Investors often pay attention to the returns only.
Imagine this: investment option ABC has a history of giving 18% per annum returns.
And, it is extremely risky — which means the chance of the investment value going down (or becoming zero) is very high.
Now, imagine another investment option XYZ: history of giving 14% per annum returns. Risk level, very low.
Most investors would ignore risk and invest in option ABC (higher returns but very risky).
This fact is especially true when investing in equity mutual funds.
Investors are well aware of risk when investing in FD vs equity mutual funds.
But among different types of equity mutual funds, they tend to treat all equity mutual funds as having the same risk — whether large-cap funds, small-cap funds, or others.
| Q. “Should I pay tax if I sale share in loss? Even within a year.” |
In case of shares and mutual fund investments, tax is applicable on gains or profits. Only the gains are taxed.
If you are having losses, you do not have to pay any tax.
Example:
You bought a share for Rs 200.
6 months later, you sell it for Rs 195. In this case, you suffer a loss of Rs 5.
There is no profit or gain. So you do not have to pay any tax.
This is true for both, short term gains and long term gains tax.
| 🥇 Gold | Rs 70,886 | ▲ 0.42% |
| 🥄 Silver | Rs 80,476 | ▲ 0.49% |
| 💲 USD-INR | Rs 83.31/USD | ▼ 0.04% |
| 🇺🇸 Dow Jones | 38,503.69 | ▲ 0.69% |
| 🇺🇸 Nasdaq | 15,696.64 | ▲ 1.59% |
Long Term Returns | Past 20 yrs |
| 🇮🇳 Sensex | ▲ 13.44% p.a. |
| 🇮🇳 Nifty | ▲ 13.15% p.a. |
| 🇺🇸 Dow Jones | ▲ 6.73% p.a. |
| 🇺🇸 Nasdaq | ▲ 10.71% p.a. |
| ⬤ ⬤ ⬤ ⬤ ⬤ |
Groww Digest
| Sensex | 73,852.94 | ▲ 0.16% |
| Nifty | 22,402.40 | ▲ 0.15% |
Markets continued to rise today.
Nifty 50 opened higher than yesterday’s closing point and closed in the green.
Metal stocks rose the most. IT stocks fell the most.
US and European markets were up. Most Asian markets were up.
Top Gainers | NIFTY 50 |
| Hindalco | Rs 636.10 | ▲ 3.97% |
| Cipla | Rs 1,398.20 | ▲ 3.82% |
| JSW Steel | Rs 882.70 | ▲ 3.68% |
| Tata Steel | Rs 165.55 | ▲ 2.73% |
| Power Grid | Rs 290.40 | ▲ 1.77% |
Top Losers | NIFTY 50 |
| Tata Consumer | Rs 1,110.15 | ▼ 5.39% |
| Grasim | Rs 2,337.75 | ▼ 1.37% |
| Tech Mahindra | Rs 1,185.70 | ▼ 1.21% |
| HDFC Life | Rs 594.20 | ▼ 1.16% |
| TCS | Rs 3,831.05 | ▼ 1.13% |
India’s pharma exports increased by 9.67% to $27.9 billion in the financial year 2024.
RBI announced master directions for ARCs (Asset Reconstruction Companies) to have minimum capital of Rs 300 cr.
Australian firm Macquarie launched an EV financing firm Vertelo in India, with plans to invest $1.5 billion.
Welspun Corp: got orders worth Rs 611 cr from the South American region.
Tata Motors: subsidiary TPEM got a supply order of 2,000 electric cars from Vertelo.
- Reliance: Jio became the world's top telecom company in terms of data consumption: Tefficient.
LTIMindtree: recorded a decline in net profit by 5.86% year-on-year to Rs 1,100 cr in the Jan-March quarter. Dividend declared: Rs 45 per share.
Chennai Petroleum: recorded a net profit of Rs 628 cr in the Jan-March quarter. Dividend declared: Rs 55 per share.
Equitas Bank: reported an increase of 39% in net profit after tax to Rs 799 cr in the financial year 2024. Dividend declared: Re 1 per share.
Nippon Life: reported a net profit increase of 73.2% year-on-year to Rs 343 cr for the Jan-March quarter. Final dividend proposed: Rs 11 per share.
MCX: reported a net profit of Rs 87.8 cr in the Jan-March quarter (from a loss in the same quarter previous year).
HAL: awarded as Outstanding PSU of the Year in AIMA’s Managing India Awards after recording its highest-ever revenue for the financial year 2024.
360 One: recorded a 24.3% quarter-on-quarter net profit increase to Rs 241 cr.
ICICI Prudential: recorded a nearly 26% year-on-year decline in net profit to Rs 174 cr in the Jan-March quarter.
Axis Bank: will raise Rs 55,000 cr funding this year from debt and equity. Net profit of Jan-March quarter stood at Rs 7,130 cr.
Hindustan Unilever: reported a 6% year-on-year decline in net profit for the Jan-March quarter. Dividend declared: Rs 24 per share.
- Kotak Mahindra: RBI directed to stop issuing new credit cards and onboarding new online customers after finding non-compliance issues.
Asset Reconstruction Companies (ARCs) buy bad loans or non-performing assets from banks/financial institutions.
They are set up to help banks/financial institutions in unloading the defaulted loans and in maintaining their balance sheets.
After buying these bad loans, ARCs then sell those assets in the market to recover the money-loss as much as possible.
ARCs were first introduced in the budget of 2021-22 financial year.
Ignoring risk.
Every investment has a risk associated with it. Investors often pay attention to the returns only.
Imagine this: investment option ABC has a history of giving 18% per annum returns.
And, it is extremely risky — which means the chance of the investment value going down (or becoming zero) is very high.
Now, imagine another investment option XYZ: history of giving 14% per annum returns. Risk level, very low.
Most investors would ignore risk and invest in option ABC (higher returns but very risky).
This fact is especially true when investing in equity mutual funds.
Investors are well aware of risk when investing in FD vs equity mutual funds.
But among different types of equity mutual funds, they tend to treat all equity mutual funds as having the same risk — whether large-cap funds, small-cap funds, or others.
| Q. “Should I pay tax if I sale share in loss? Even within a year.” |
In case of shares and mutual fund investments, tax is applicable on gains or profits. Only the gains are taxed.
If you are having losses, you do not have to pay any tax.
Example:
You bought a share for Rs 200.
6 months later, you sell it for Rs 195. In this case, you suffer a loss of Rs 5.
There is no profit or gain. So you do not have to pay any tax.
This is true for both, short term gains and long term gains tax.
| 🥇 Gold | Rs 70,886 | ▲ 0.42% |
| 🥄 Silver | Rs 80,476 | ▲ 0.49% |
| 💲 USD-INR | Rs 83.31/USD | ▼ 0.04% |
| 🇺🇸 Dow Jones | 38,503.69 | ▲ 0.69% |
| 🇺🇸 Nasdaq | 15,696.64 | ▲ 1.59% |
Long Term Returns | Past 20 yrs |
| 🇮🇳 Sensex | ▲ 13.44% p.a. |
| 🇮🇳 Nifty | ▲ 13.15% p.a. |
| 🇺🇸 Dow Jones | ▲ 6.73% p.a. |
| 🇺🇸 Nasdaq | ▲ 10.71% p.a. |
| ⬤ ⬤ ⬤ ⬤ ⬤ |
Groww Digest
| Sensex | 73,852.94 | ▲ 0.16% |
| Nifty | 22,402.40 | ▲ 0.15% |
Markets continued to rise today.
Nifty 50 opened higher than yesterday’s closing point and closed in the green.
Metal stocks rose the most. IT stocks fell the most.
US and European markets were up. Most Asian markets were up.
Top Gainers | NIFTY 50 |
| Hindalco | Rs 636.10 | ▲ 3.97% |
| Cipla | Rs 1,398.20 | ▲ 3.82% |
| JSW Steel | Rs 882.70 | ▲ 3.68% |
| Tata Steel | Rs 165.55 | ▲ 2.73% |
| Power Grid | Rs 290.40 | ▲ 1.77% |
Top Losers | NIFTY 50 |
| Tata Consumer | Rs 1,110.15 | ▼ 5.39% |
| Grasim | Rs 2,337.75 | ▼ 1.37% |
| Tech Mahindra | Rs 1,185.70 | ▼ 1.21% |
| HDFC Life | Rs 594.20 | ▼ 1.16% |
| TCS | Rs 3,831.05 | ▼ 1.13% |
India’s pharma exports increased by 9.67% to $27.9 billion in the financial year 2024.
RBI announced master directions for ARCs (Asset Reconstruction Companies) to have minimum capital of Rs 300 cr.
Australian firm Macquarie launched an EV financing firm Vertelo in India, with plans to invest $1.5 billion.
Welspun Corp: got orders worth Rs 611 cr from the South American region.
Tata Motors: subsidiary TPEM got a supply order of 2,000 electric cars from Vertelo.
- Reliance: Jio became the world's top telecom company in terms of data consumption: Tefficient.
LTIMindtree: recorded a decline in net profit by 5.86% year-on-year to Rs 1,100 cr in the Jan-March quarter. Dividend declared: Rs 45 per share.
Chennai Petroleum: recorded a net profit of Rs 628 cr in the Jan-March quarter. Dividend declared: Rs 55 per share.
Equitas Bank: reported an increase of 39% in net profit after tax to Rs 799 cr in the financial year 2024. Dividend declared: Re 1 per share.
Nippon Life: reported a net profit increase of 73.2% year-on-year to Rs 343 cr for the Jan-March quarter. Final dividend proposed: Rs 11 per share.
MCX: reported a net profit of Rs 87.8 cr in the Jan-March quarter (from a loss in the same quarter previous year).
HAL: awarded as Outstanding PSU of the Year in AIMA’s Managing India Awards after recording its highest-ever revenue for the financial year 2024.
360 One: recorded a 24.3% quarter-on-quarter net profit increase to Rs 241 cr.
ICICI Prudential: recorded a nearly 26% year-on-year decline in net profit to Rs 174 cr in the Jan-March quarter.
Axis Bank: will raise Rs 55,000 cr funding this year from debt and equity. Net profit of Jan-March quarter stood at Rs 7,130 cr.
Hindustan Unilever: reported a 6% year-on-year decline in net profit for the Jan-March quarter. Dividend declared: Rs 24 per share.
- Kotak Mahindra: RBI directed to stop issuing new credit cards and onboarding new online customers after finding non-compliance issues.
Asset Reconstruction Companies (ARCs) buy bad loans or non-performing assets from banks/financial institutions.
They are set up to help banks/financial institutions in unloading the defaulted loans and in maintaining their balance sheets.
After buying these bad loans, ARCs then sell those assets in the market to recover the money-loss as much as possible.
ARCs were first introduced in the budget of 2021-22 financial year.
Ignoring risk.
Every investment has a risk associated with it. Investors often pay attention to the returns only.
Imagine this: investment option ABC has a history of giving 18% per annum returns.
And, it is extremely risky — which means the chance of the investment value going down (or becoming zero) is very high.
Now, imagine another investment option XYZ: history of giving 14% per annum returns. Risk level, very low.
Most investors would ignore risk and invest in option ABC (higher returns but very risky).
This fact is especially true when investing in equity mutual funds.
Investors are well aware of risk when investing in FD vs equity mutual funds.
But among different types of equity mutual funds, they tend to treat all equity mutual funds as having the same risk — whether large-cap funds, small-cap funds, or others.
| Q. “Should I pay tax if I sale share in loss? Even within a year.” |
In case of shares and mutual fund investments, tax is applicable on gains or profits. Only the gains are taxed.
If you are having losses, you do not have to pay any tax.
Example:
You bought a share for Rs 200.
6 months later, you sell it for Rs 195. In this case, you suffer a loss of Rs 5.
There is no profit or gain. So you do not have to pay any tax.
This is true for both, short term gains and long term gains tax.
| 🥇 Gold | Rs 70,886 | ▲ 0.42% |
| 🥄 Silver | Rs 80,476 | ▲ 0.49% |
| 💲 USD-INR | Rs 83.31/USD | ▼ 0.04% |
| 🇺🇸 Dow Jones | 38,503.69 | ▲ 0.69% |
| 🇺🇸 Nasdaq | 15,696.64 | ▲ 1.59% |
Long Term Returns | Past 20 yrs |
| 🇮🇳 Sensex | ▲ 13.44% p.a. |
| 🇮🇳 Nifty | ▲ 13.15% p.a. |
| 🇺🇸 Dow Jones | ▲ 6.73% p.a. |
| 🇺🇸 Nasdaq | ▲ 10.71% p.a. |
| ⬤ ⬤ ⬤ ⬤ ⬤ |
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