RBI’s interest rate decision soon, rise in UPI Lite limit, & more - Groww Digest
Sensex 80,956.33 ▲ 0.14%
Nifty 24,467.45 ▲ 0.04%
Nifty 50
24,467.45 +10.30 [1-day]
💡 Nifty 50 has risen between 0% and 1% about 468 times in the last 5 years.
Nifty 50 opened a bit above yesterday’s closing point and rose quickly.
However, at around 11:53 AM, Nifty 50 stocks saw a sudden dip. Overall, markets were flat.
Realty stocks rose over 2% today. FMCG stocks fell the most.
Global markets: US markets were flat. Most European markets were up. Most Asian markets were down.
Stocks Updates
Indus Towers: Vodafone Group is planning to sell its remaining 3% stake in Indus Towers.
NBCC: got an order of Rs 213 crore from Delhi University.
Adani Group: Adani Defense has delivered the second Drishti-10 Starliner drone to the Indian Navy.
Eicher Motors: Royal Enfield has started operating a new assembly facility in Thailand.
Ambuja Cements: will partner with Finland-based company ‘Coolbrook’ to reduce pollution from its cement manufacturing process.
Word of the Day
Repo Rate
It is the interest rate at which the banks borrow money from the central bank (RBI)
Repo rate stands for "repurchase option rate".
It is the cost that a bank has to pay to borrow money from the RBI.
Central banks use this to control inflation in the economy.
By changing the repo rate, the central banks can increase or decrease the money supply in the economy.
Example: if the repo rate is high, banks will find it expensive to borrow money. Banks pass on this cost to their customers by increasingTop Gainers
NIFTY 50
HDFC Life Rs 650.25 ▲ 2.56%
HDFC Bank Rs 1,860.10 ▲ 1.85%
Apollo Hospitals Rs 7,232.35 ▲ 1.48%
NTPC Rs 372.75 ▲ 1.44%
Bajaj Finserv Rs 1,628.10 ▲ 1.31%
Top Losers
NIFTY 50
Airtel Rs 1,584.10 ▼ 2.25%
Cipla Rs 1,500.85 ▼ 2.15%
Bajaj Auto Rs 8,999.15 ▼ 1.78%
Tata Motors Rs 788.10 ▼ 1.64%
Adani Ports Rs 1,269.55 ▼ 1.48%
News
RBI’s Monetary Policy Committee (MPC) meeting has started. Interest rate related decisions will be announced on 6th Dec.
Indian Railways provides a total subsidy of Rs 56,993 crore every year to all passengers, including a 46% rebate on every ticket: Railway Minister Ashwini Vaishnaw.
The limit for UPI Lite has been increased from Rs 500 to Rs 1,000 per transaction: RBI.
Fairfax India is buying an additional 10% shareholding in Bangalore International Airport for $255 million (Rs 2,160 crore). Germany's Siemens (seller) will no longer be a shareholder.
The Defence Ministry has cleared 5 capital acquisition proposals worth over Rs 21,772 crore. interest rates on loans.
A. No country in the world can print as much money as they like.
When a country prints too much money, it results in a lot of money in a lot of people’s hands.
That causes them to spend more money. That causes demand to go up — causing prices to rise (inflation).
The net effect of that is that nobody gets richer.
People have more money but everything costs a lot more.
If you would like to read about this phenomenon, please read about hyperinflation in Germany or Zimbabwe.
Both are excellent examples of why a country can’t print money6 Day Course
Theme: understanding volatility
MonTueWedThuFriSun
Some people believe in the phrase “volatility is a non-event”.
What does that mean?
Let’s say you own a house worth Rs 50 lakh. You want to sell it in May 2025.
Right now, its price is Rs 50 lakh. In March 2025, it falls to Rs 40 lakh. In May 2025, it goes back up to Rs 50 lakh.
You sell it for the price you wanted — Rs 50 lakh.
Does it matter that the price had fallen to Rs 40 lakh in between?
Probably not.
Day to day, many stocks’ prices go up and down a lot. Most investors gain or lose nothing from it.
This is why many investors believe in ignoring volatility over sho1 Day Change
🥇 10g Gold Rs 76,670 ▼ 0.09%
🥄 1kg Silver Rs 91,470 ▼ 0.00%
💲 USD-INR Rs 84.69/USD ▼ 0.07%
🇺🇸 Dow Jones 44,705.53 ▼ 0.17%
🇺🇸 Nasdaq 19,480.91 ▲ 0.40%
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 weakening of the Rupee as compared to the US dollar, hence it is shown in red.
Long Term Returns
Past 20 yrs
🇮🇳 Sensex ▲ 13.60% p.a.
🇮🇳 Nifty ▲ 13.35% p.a.
🇺🇸 Dow Jones ▲ 7.47% p.a.
🇺🇸 Nasdaq ▲ 11.67% p.a.
Returns in INR for Sensex & Nifty and in USD for Dow Jones & Nasdaq - not directly comparablert periods of time.
endlessly.
“Why cant India print as much currency it requires .”
6 Day Course
Theme: understanding volatility
MonTueWedThuFriSun
Some people believe in the phrase “volatility is a non-event”.
What does that mean?
Let’s say you own a house worth Rs 50 lakh. You want to sell it in May 2025.
Right now, its price is Rs 50 lakh. In March 2025, it falls to Rs 40 lakh. In May 2025, it goes back up to Rs 50 lakh.
You sell it for the price you wanted — Rs 50 lakh.
Does it matter that the price had fallen to Rs 40 lakh in between?
Probably not.
Day to day, many stocks’ prices go up and down a lot. Most investors gain or lose nothing from it.
This is why many investors believe in ignoring volatility over shoStocks Updates
Indus Towers: Vodafone Group is planning to sell its remaining 3% stake in Indus Towers.
NBCC: got an order of Rs 213 crore from Delhi University.
Adani Group: Adani Defense has delivered the second Drishti-10 Starliner drone to the Indian Navy.
Eicher Motors: Royal Enfield has started operating a new assembly facility in Thailand.
Ambuja Cements: will partner with Finland-based company ‘Coolbrook’ to reduce pollution from its cement manufacturing process.
Word of the Day
Repo Rate
It is the interest rate at which the banks borrow money from the central bank (RBI)
Repo rate stands for "repurchase option rate".
It is the cost that a bank has to pay to borrow money from the RBI.
Central banks use this to control inflation in the economy.
By changing the repo rate, the central banks can increase or decrease the money supply in the economy.
Example: if the repo rate is high, banks will find it expensive to borrow money. Banks pass on this cost to their customers by increasing
interest rates on loans.rt periods of time.
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