BIG NEWS / ધોરણ 12 સાયન્સની પ્રેક્ટિકલ પરિક્ષાનું એલાન, આ તારીખથી શરૂ થશે એક્ઝામ, એક ક્લિકમાં જાણો તમામ માહિતી
📊Daily Groww Digest
7 Feb 2022
Sensex 60,286.04 ▼ 0.37%
Nifty 17,721.50 ▼ 0.24%
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Nifty was down almost 0.6% by 1:15 PM after which the markets recovered a little.
Some analysts are attributing this recovery to the upward movement in the US futures market.
Banking, financial services, and realty sectors ended in the green. All other Nifty sectors ended in the red.
💡 Fact: Nifty has fallen between 0% and 1% about 419 times in the last 5 years.
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Quarterly Results
Tata Steel
Consolidated net loss stood at Rs 2,224 cr.
The company had posted a profit of Rs 9,572 cr in the year-ago period.
Revenue fell 6% to Rs 57,084 cr.
Airtel
Net profit rose 92% year-on-year to Rs 1,588 cr. Revenue increased by 20% to Rs 35,804 cr.
Average revenue per user was Rs 193 vs Rs 190 in the previous quarter.
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More...
+India's non-life insurance industry (auto insurance, general insurance, etc) reported Rs 25,542 cr revenue in Jan 2023, highest ever. Revenue rose 19% vs Jan 2022: General Insurance Council.
+22 lakh new Demat accounts were opened in Jan. Total Demat accounts in the country is now over 11 cr.
+India's non-fossil fuel-based power generation capacity stood at 174.53 gigawatt (GW) at the end of Dec 31. Solar power accounted for 63.30 GW, 46.85 GW = large hydro, 41.93 GW = wind power, 10.73 GW = bio power, 4.94 GW = small hydro power, and 6.78 GW = nuclear power.
+Google announced the launch of its AI chatbot, Bard. It is being regarded as a competition to ChatGPT.
+PhonePe announced the launch of cross-border UPI payments on its app.
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Stocks in the news
PVR, Inox: have fixed Feb 17 as the record date for their merger investors will get 3 shares of PVR for 10 shares of Inox.
Motilal Oswal: company’s subsidiary will invest Rs 400 cr in Pan Healthcare for a minority stake.
Ambuja Cements: consolidated net profit rose 13% to Rs 488 cr. Revenue increased 4% to Rs 8,036 cr.
HDFC Bank: hiked lending rate by up to 0.10%.
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Word of the Day
First Loss Default Guarantee
Some companies take loans from banks to lend to their customers - like microfinance institutions.
Many recent fintech startups in India have also tried something similar.
In such cases, the bank signs an agreement with the company or 3rd party that in case their customer fails to pay back the loan, the company will have to pay a part of the money borrowed to the bank.
This is called the first loss default guarantee (FLDG) arrangement - introduced so that banks don’t face high losses from such defaults.
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7 Feb 2022
Sensex 60,286.04 ▼ 0.37%
Nifty 17,721.50 ▼ 0.24%
---------------------
Nifty was down almost 0.6% by 1:15 PM after which the markets recovered a little.
Some analysts are attributing this recovery to the upward movement in the US futures market.
Banking, financial services, and realty sectors ended in the green. All other Nifty sectors ended in the red.
💡 Fact: Nifty has fallen between 0% and 1% about 419 times in the last 5 years.
---------------------
Quarterly Results
Tata Steel
Consolidated net loss stood at Rs 2,224 cr.
The company had posted a profit of Rs 9,572 cr in the year-ago period.
Revenue fell 6% to Rs 57,084 cr.
Airtel
Net profit rose 92% year-on-year to Rs 1,588 cr. Revenue increased by 20% to Rs 35,804 cr.
Average revenue per user was Rs 193 vs Rs 190 in the previous quarter.
---------------------
More...
+India's non-life insurance industry (auto insurance, general insurance, etc) reported Rs 25,542 cr revenue in Jan 2023, highest ever. Revenue rose 19% vs Jan 2022: General Insurance Council.
+22 lakh new Demat accounts were opened in Jan. Total Demat accounts in the country is now over 11 cr.
+India's non-fossil fuel-based power generation capacity stood at 174.53 gigawatt (GW) at the end of Dec 31. Solar power accounted for 63.30 GW, 46.85 GW = large hydro, 41.93 GW = wind power, 10.73 GW = bio power, 4.94 GW = small hydro power, and 6.78 GW = nuclear power.
+Google announced the launch of its AI chatbot, Bard. It is being regarded as a competition to ChatGPT.
+PhonePe announced the launch of cross-border UPI payments on its app.
---------------------
Stocks in the news
PVR, Inox: have fixed Feb 17 as the record date for their merger investors will get 3 shares of PVR for 10 shares of Inox.
Motilal Oswal: company’s subsidiary will invest Rs 400 cr in Pan Healthcare for a minority stake.
Ambuja Cements: consolidated net profit rose 13% to Rs 488 cr. Revenue increased 4% to Rs 8,036 cr.
HDFC Bank: hiked lending rate by up to 0.10%.
---------------------
Word of the Day
First Loss Default Guarantee
Some companies take loans from banks to lend to their customers - like microfinance institutions.
Many recent fintech startups in India have also tried something similar.
In such cases, the bank signs an agreement with the company or 3rd party that in case their customer fails to pay back the loan, the company will have to pay a part of the money borrowed to the bank.
This is called the first loss default guarantee (FLDG) arrangement - introduced so that banks don’t face high losses from such defaults.
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વિગતવાર માહિતી જાણવા અહીં ક્લિક કરો
6 Day Course
Theme: risk in mutual funds
Day 2: Tuesday
Risk in equity mutual funds can be understood relatively easily — they are the same as that of stocks.
Why? Because equity mutual funds invest in stocks.
As discussed earlier, usually (though, not always), bigger companies’ stocks are lower in risk compared to smaller companies.
So, large-cap mutual funds are lower risk than mid-cap funds, and mid-caps are in turn lower risk when compared to small-caps.
In the world of stocks and equity mutual funds, volatility is known and well-accepted. Seeing your investments in the red is not uncommon, it is a part of investing in stocks and equity.
Risk does not necessarily mean that you lose money.
It could also mean that the returns are lower than expectations or benchmarks.
Missed last week's course? You can download the course PDF - click to download
---------------------
Featured Question
"What is grey market ? And does it have any relationship with security market or capital market?"
The grey market is sort of an unofficial market — talking strictly within the stocks context.
Although it is unofficial, it is legal and allowed.
When a stock is bought or sold without the exchange (BSE/NSE/etc) being involved, it happens via the grey market.
The exchange automatically matches buyers and sellers. This isn't possible in the grey market.
6 Day Course
Theme: risk in mutual funds
Day 2: Tuesday
Risk in equity mutual funds can be understood relatively easily — they are the same as that of stocks.
Why? Because equity mutual funds invest in stocks.
As discussed earlier, usually (though, not always), bigger companies’ stocks are lower in risk compared to smaller companies.
So, large-cap mutual funds are lower risk than mid-cap funds, and mid-caps are in turn lower risk when compared to small-caps.
In the world of stocks and equity mutual funds, volatility is known and well-accepted. Seeing your investments in the red is not uncommon, it is a part of investing in stocks and equity.
Risk does not necessarily mean that you lose money.
It could also mean that the returns are lower than expectations or benchmarks.
Missed last week's course? You can download the course PDF - click to download
---------------------
Featured Question
"What is grey market ? And does it have any relationship with security market or capital market?"
The grey market is sort of an unofficial market — talking strictly within the stocks context.
Although it is unofficial, it is legal and allowed.
When a stock is bought or sold without the exchange (BSE/NSE/etc) being involved, it happens via the grey market.
The exchange automatically matches buyers and sellers. This isn't possible in the grey market.
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