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#895 Daily Money Show
Original: #895 Daily Money Show | Money Purse Stock Market News
Takeaway
Adani Swiss account freeze allegations spooked the group while MFs rotated into paint/auto names ahead of festival demand and lower crude.
Summary
- Sensex -71 to 82,890; Nifty -32 to 25,356; midcap +0.54%, smallcap +0.79% on Adani group pressure
- Hindenburg tweet: Swiss authorities froze $310 million across multiple Adani group Swiss bank accounts as part of 2021 money laundering investigation - Adani denies allegations
- TCS employees getting income tax demand notices Rs 50,000 to Rs 15 lakhs over incorrect TDS claims - company asked employees to wait for further instructions
- August MF buying: Asian Paints, Berger, Pidilite, CEAT, Apollo Tyres, Mahindra & Mahindra, Kotak Mahindra Bank, IndusInd, Cholamandalam, AAVAS Financiers
- Nazara Technologies acquiring 47% stake in PokerBaazi parent Moon Shine Technology for Rs 832 cr + Rs 150 cr; Tata Power to install 200 EV charging stations for Tata Motors commercial vehicles
Adanimutual fundsNazara
Original description
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