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#868 Daily Money Show — Stock Market News

Original: #868 Daily Money Show | Money Purse Stock Market News

59.8K views · Aug 06, 2024 · 23:14 min · Watch on YouTube ↗
Takeaway

Bangladesh crisis hurts VIP, Marico and other FMCG with Bangladesh exposure but is a long-term tailwind for Indian textile exporters as global buyers diversify away.

Summary

  • Sensex -106 to 78,593; Nifty -63 to 23,992; Mid -0.67%, Small -0.34%, Bank Nifty -0.69%
  • Bangladesh crisis: PM Sheikh Hasina resigned (army gave 45-min ultimatum) and fled to India after 297+ killed in unrest over govt-job quotas
  • Negatively impacted: VIP Industries (8 plants, 30-35% capacity in Bangladesh), Jubilant FoodWorks (28 Dominos stores, 1% sales), Marico (40% int'l revenue), Dabur, Britannia, Godrej Consumer
  • Positively impacted: Indian textile exporters as buyers may shift from Bangladesh to India/Vietnam — Gokaldas Exports rallied; caveat: Gokaldas and Pearl Global also have Bangladesh plants
  • Other updates: Inox Wind got 200 MW order from Integrum Energy across 4 states; Confidence Petroleum commissioned 13 new auto-LPG stations (total 274)
Bangladesh crisistextilesFMCG
Original description
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In this video we discussed what is happening with Bangladesh and stocks that might get impacted,  Stock markets, Axis cades results, Unicommerce IPO, BLS interenation news and more.. 
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Team Money Purse

00:00 Market update
01:38 Bangladesh issue
06:06 Inox Wind
06:41 Confidence Petroleum
07:23 Nazara
08:10 LIC
08:32 Rattan India Enterprises
09:02 Tata Elxsi
09:31 Infosys Negative Update
10:17 Ipca
10:48 Unicommerce IPO
15:14 Arobindo pharma
15:56 Powermech projects
16:17 Patel Engineering
16:40 Axiscades Results
18:00 Schneider Electric results
18:46 VMart Results
19:22 BLS International results
20:06 Deepak nitrite Results
20:54 Symphony results
21:29 vedanta Results
21:51 Rymonds Results
22:29 TVS Motors results