New IPO, rise in wheat procurement, & more - TTIN Digest

TTIN Digest

24 - April - 2023 

Almost all sectors ended in the green. Banking and financial services gained the most. Media and metal indices lost the most.

Among primary Asian markets, China and Hong Kong ended in the red whereas Taiwan, Japan, and India ended in the green.

India was the top gainer among its Asian peers.

More...

+Mankind Pharma IPO will open for subscription on April 25. The price band is Rs 1,026 - Rs 1,080 per share.

+Wheat procurement by the Indian government rose 12% to 111 lakh tonnes in the ongoing 2023-24 marketing year (Oct-Sep): Food Ministry data.

Stocks in the news

Wipro: will consider share buyback in its board meeting on April 27.

IndusInd Bank: announced a dividend of Rs 14 per share.

M&M: sold 1 lakh Bolero SUVs between April 1, 2022 - March 31, 2023 (financial year).

Macrotech Developers: announced a 1:1 bonus issue and a dividend of Rs 2 per share.

1 Day Change

Gold:	Rs 59,840 ▼ 0.29% - at 6 PM
Silver:	Rs 74,578 ▼ 0.77% - at 6 PM
USD-INR:	Rs 81.91/USD ▼ 0.23%
Dow Jones:	33,808.96 ▲ 0.07% - 21 April
Nasdaq:	12,072.46 ▲ 0.11% - 21 April

 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 a weakening of the Rupee as compared to the US dollar, hence it is shown in red.

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Long-Term: 20-Year Returns

Sensex	16.29% p.a.
Nifty	15.89% p.a.
Dow Jones	7.26% p.a.
Nasdaq	11.28% p.a.

 Returns in INR for Sensex & Nifty and in USD for Dow Jones & Nasdaq - not directly comparable.

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Risk
Word of the Day

Risk is the chance that the results will be different from what you expected.

Say, you expected a 10% return on your investment but you got only 4% due to the pandemic.

There are some risks that can sometimes be predicted - how an economy will perform this year, where a particular sector might be headed, which sector is overvalued, etc.

Investors should consider these risks and invest accordingly.

Then there are some risks that can not be predicted by anyone (black swans) - a world war, terrorist attacks, etc.

Even when one can’t see such risks, it is important to take precautions.

Ensure you have enough cash and your investments are strong so that even if such events lead to a downward trend in the markets, you do not get affected to a great extent.