Market ka Capsule - Vi Rises, Zomato Falls, Banking Stocks rise, Donald Trump sworn as US president, Kotak Q3 results, & more
Market ka Capsule
Vi Rises, Zomato Falls, Banking Stocks rise, Donald Trump sworn as US president, Kotak Q3 results, & more
Monday, 20-January-2025
Sensex 77,073.44 ▲ 0.59% Nifty 23,344.75 ▲ 0.61%
Pointers:
- Markets opened higher than yesterday's closing point.
- Nifty 50 climbed and at around 09:38 AM highest point was made at 11:44 AM.
- The Private banking and PSU banking stocks rose the most.
- Some Auto and FMCG stocks fell the most.
- Global Update: European Central Bank reduced interest rates for the first time in 5 years. The deposit rate has been reduced by 0.25% to 3.75%.
- The US markets were up.
- European markets were flat.
- And Asian Markets were up too.
| Kotak Mahindra Bank | Rs. 1,920.50 ▲ 9.21% |
| Wipro | Rs. 300.25 ▲ 6.49% |
| Bajaj Finance | Rs. 7,440.10 ▲ 3.59% |
| Bajaj Finserv | Rs. 1,735.20 ▲ 3.25% |
| NTPC | Rs. 336.05 ▲ 3.44% |
TOP LOSERS: (Nifty 50)
| SBI Life | Rs. 1,499.70 ⏷ 2.65% |
| Trent | Rs. 6,090.00 ⏷ 2.04% |
| Shriram Finance | Rs. 516.70 ⏷ 1.86% |
| HDFC Life | Rs. 634.05 ⏷ 1.27% |
| Adani Ports | Rs. 1,148.70 ⏷ 1.27% |
News:
- Donald Trump has sworn himself as the 47th President of US.
- Laxmi Dental IPO listed at a premium of 27%.
- The National Company Law Tribunal (NCLT) has ordered dissolution of Go First Airways.
- The next round of PLI SCHEME (Production Linked Incentive Scheme) will have around 24 beneficiaries, with an investment up to Rs. 3,516 crore. It is aimed at boosting the production of air conditioners and LED Light component.
Trending Stocks:
| TTML | ▲ 13.25% |
| IDEA | ▲ 9.22% |
| Zomato | ⏷ 7.27% |
| Swan Energy | ⏷ 7.00% |
- Kotak Mahindra: Net interest income for the Oct-Dec'2024 Quarter was Rs. 7,196 crores - a rise of 10% year-on-year. Net Interest margin for the quarter was 4.9%.
- Zomato: Company's net profit fell 57% to Rs.59 crores in the Oct-Dec'2024 quarter.
- Siemens: the company got a Rs. 210 crore order from IRCON International for electrification of Sivok-Rangpo rail line.
1-Day Change
Featured Question:
“How the value of redemption amount calculated in mutual fund in case
of partial withdrawal?”
In mutual funds, you have the option to withdraw partial amounts.
To understand how the value is
calculated, you need to think in terms of units.
Say, you invested Rs 10,000 in a mutual fund.
Let’s say, at this point, one unit of the mutual fund costs Rs 50.
By investing Rs 10,000, you get 200 units of the mutual fund.
So:
-You invested Rs 10,000
-Price of 1 unit Rs 50
-You got 200 units
After 2 years, the unit price increased to Rs 70.
Therefore:
-You have 200 units
-Current price of 1 unit is Rs 70
-So, your invested amount is now Rs 14,000
Let’s say at this point, you want to take out Rs 7,000.
How many units of the mutual fund do you need to sell to get Rs 7,000?
Amount divided by the current price of one unit = 7,000 / 70
= 100 units.
So, if you sell 100 units, you will get Rs 7,000.
In short:
-You had 200 units initially.
-You sold 100 units in between — you partially withdrew some amount
-100 units are still left invested in the same mutual fund.
(Note: price of unit of mutual fund is also called NAV).
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