Ep-1042 | Daily Money Show | Stock Market News Today

60.4K views · Apr 16, 2025 · 24:44 min · Watch on YouTube ↗

Takeaway

US-China thaw could lift global sentiment, but Gensol Engineering case is a textbook fraud example of fund diversion via related parties—do due diligence on promoter integrity.

Summary

Sensex up 309 points to 77,044; Nifty +108 to 23,437; mid-cap +0.58%, small-cap +0.89%, Bank Nifty +1.41%.
Positive on US-China trade war: China signaling readiness for respectful, win-win discussions; Trump also open to talks.
245% tariff on Chinese products is not a new fresh tariff—just the cumulative of previous + special product-specific tariffs.
Gensol Engineering fraud exposed by SEBI forensic audit: promoters Anmol/Puneet Singh Jaggi diverted IREDA/PFC EV loan funds—claimed 6,400 EVs (₹663cr) but bought only 4,704 (₹567cr), routed remaining via related parties to buy DLF luxury properties.
Submitted forged 'no-default' letters to credit agencies—IREDA and PFC denied issuing them; ICRA/CRISIL had flagged earlier.

Gensol fraudtariffsSEBI

Original description

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