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DMS-1146 Stock Market News
Original: DMS -1146 Stock Market News | #dailymoneyshow
Takeaway
Fed expected to deliver 25 bps cut; US wants India to drop Russian oil but India won't compromise on Russia/agri.
Summary
- Market: Sensex -118 to 81,785; Nifty -44 to 25,069; midcap +0.38%, smallcap +0.61%, Bank Nifty +0.14%
- Famous company's independent director resigned with serious allegations against the company — stock dropped sharply
- US Fed meeting Sep 16-17: market expecting 25 bps rate cut after dovish Jackson Hole comments and in-line August US CPI data
- US chief negotiator visiting India for trade deal talks; US asking India to stop Russian oil and defense purchases plus agri sector access — India unlikely to back down on agri/dairy
- Trump pressuring NATO countries to impose 50-100% tariffs on China; NATO unlikely to comply due to dependence on China
- India-EU Free Trade Agreement 14th round of negotiations Oct 6-10
market newsFedtrade deal
Original description
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