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#91 Daily Money Show - Money Purse Stock Market News
Original: # 91 Daily Money Show | Money Purse Stock Market News
Takeaway
India's new EV subsidies (Rs 14K-Rs 50K) and 278 charging stations bolster the EV thesis for auto and financial-services stocks.
Summary
- EV-subsidy policy news: Rs 14,000 subsidy for 2-wheelers, Rs 50,000 for 3-wheelers, fee waivers for electric 4-wheelers, plus 278 new EV charging stations and 25% capital policy support.
- Sensex +14 to 52,588; Nifty closed near 15,772; auto and financial-services sectors in focus.
- Spark Capital portfolio additions and PNB Housing Finance partnership with Partner Technology covered.
- Includes results commentary on KP Advanced Auto Tech with 19.18% operating margins and 35.5% revenue growth.
EVsubsidiesdaily money show
Original description
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