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8 Jun, 5 tweets, 2 min read
Today: Franklin penalized, major websites down, & more

#GrowwDigest #markets #investing
The markets closed slightly below today with banking, financial, and metal stocks underperforming.
Sebi has barred the Franklin Templeton AMC from launching new debt funds for the next 2 years.

According to Sebi, serious violations were conducted by the management of the company.
Several major websites including Reddit, Amazon, Forbes, Quora, and more were temporarily down today, displaying the Error 503 message.

This was caused by a fault on a content delivery network (CDN) provider called Fastly.
This is a part of our Daily Groww Digest series. There's a lot more than just this in this Digest. Check your email if you're signed up on Groww. You can even follow here: groww.in/digest

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More from @_groww

7 Jun
Today: PM Modi talks about free vaccination, NCLT Approves Piramal's Resolution Plan, New ITR Filing Website & more
The market closed up today with Nifty touching an all-time high.

Auto sector stocks performed well today. Financials, pharma, metals, and IT sectors performed poorly today while the mid-cap and small-cap stocks did well.
PM Modi in today’s address stated that 75% of the vaccine capacity will be procured by the Central Govt and 25% for private hospitals to procure.

All vaccines will be provided free of cost to all states from June 21.
Read 6 tweets
6 Jun
You’d have heard of these names - Walmart or Costco.

In the US, they sell everything you could need on a daily basis.

They’re masters at what they do.

They have massive warehouse-sized centers where people go shopping.
Even their shopping carts are much bigger than the ones we see in India.

Their true strength lies in their supply chain management.

Orders are placed in advance by predicting how much their customers will buy.
Some things are seasonal (Christmas trees).
Some things are evergreen (milk).
Some things are durable (cutlery).
Some things are perishable (spinach).
Read 25 tweets
10 May
Today: Ultratech Cement Q4, Covaxin being directly supplied to states, & more
The markets gained today for the 4th straight day with stocks from the metal and pharma sectors performing well.
Q4 Results Corner: Ultratech Cement

Net profit = Rs 1,775.23 crores - 45% fall from the same quarter last year.
Dividend of Rs. 37 per share.
Share price fell 1.22% - Rs 6,403.1 per share.
Read 6 tweets
9 May
Cigarette smoking is injurious to health.

Yes, we know this all too well today but there was a time the general public wasn’t so sure.

Around the 1950s, against the wishes of some companies, new research surfaced - cigarettes are bad.
Cigarette brands were suddenly panicking. How would they sell?

Many big brands back then resorted to measures they hoped would be enough.
Better filters, lesser tobacco content, higher quality paper, and a bunch of other tactics were used. The marketing campaign for them was equally hyped.

But none of these actually proved to make cigarette smoking noticeably safer.
Read 22 tweets
7 May
#GrowwDigest: Daily Highlights | 7 May 21 - (1/5)

#Sensex: 49,206.47 ▲ 0.52%
#Nifty: 14,823.15 ▲ 0.67%

🔼Top Gainers (Nifty 50): Tata Steel, Hindalco, JSW Steel, Adani Ports & SBI Life
🔽Top Losers (Nifty 50): Tata Consumer, Bajaj Auto, Hero Moto, Eicher Motors & Divi's Labs Image
#GrowwDigest: Daily Highlights | 7 May 21 - (2/5)

🥇 Gold: ₹47,820 ▲ 2.46% - at 6 PM
🥈Silver: ₹71,933 ▲ 2.14% - at 6 PM

🔀USD-INR: ₹73.51/USD ▼ 0.33%

🇺🇸Dow Jones: 34,230.34 ▲ 0.24% - 6 May
🇺🇸Nasdaq: 13,632.84 ▲ 0.37% - 6 May
#GrowwDigest: Daily Highlights | 7 May 21 - (3/5)

• Q4 Results Corner: Hero MotoCorp

The net profit was reported at ₹865 cr.
This is a 39% rise from the same quarter last year.
Read 5 tweets

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