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# 756 Daily Money Show | Money Purse Stock Market News

52.0K views · Feb 21, 2024 · 19:35 min · Watch on YouTube ↗
Takeaway

GOCL's FDI restructuring opens defense expansion, CERC audit pressures IEX, and Tata Power-BluSmart green PPA advances EV-powered mobility.

Summary

  • Sensex -434 to 72,623, Nifty -141 to 22,055; pressure from Fed minutes anticipation and Israel airstrike on Damascus residential area.
  • GOCL Corp (Hinduja-owned 73.83% stake) selling 1% stake via bulk deal to lower FDI to <74% so they can obtain defense sector licenses—stock reacted positively.
  • CERC ordered audit of three power exchanges (IEX, etc.) for manual entries/cancellations after market hours; IEX stock pressured.
  • India-US settled 7 trade disputes—blueberries and cranberries import duty cut benefits yarn manufacturers (Indo Count, Ambika Cotton positive; Nitin Spinners faded).
  • Tata Power-BluSmart PPA: 30 MW green power from Tata's 200 MW Bikaner solar plant for EV ride fleet. Zen Technologies got ~₹93 cr defense order.
GOCLIEXdefense
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Thanks for watching..
Team Money Purse

00:00 Stock market fall
02:05 Defence Stock update
04:04 IEX Update
04:54 Yarn Stocks News
05:24 Tata Power Update
05:59 Zen tech order
06:19 Sterlite Technologies Update
07:07 HFCL Update
08:06 ZEE Ent update
09:11 Hindalco update
10:06 NTPC Update
10:41 Devyani & Campus block deals
11:29 Ambani AI Tool
12:24 Amazon Cheap Products
13:21 Medplus update
14:13 UltraTech Cement update
14:55 Zaggle Update
15:25 Union bank QIP
15:52 Swan Energy QIP
16:31 Ashok leyland update
17:25 Varun beverages Update
18:12 ABB results