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#737 Daily Money Show | Money Purse Stock Market News
Original: # 737 Daily Money Show | Money Purse Stock Market News
Takeaway
Markets recovered on SEBI FPI disclosure relief hopes; investors must beware WhatsApp IPO scams and Zee fund-misuse probe could widen to Rs 1000 cr.
Summary
- Sensex +689 to 71,060; Nifty +215 to 21,453; midcap +1.74%, smallcap +1.76%.
- Recovery driven by reports SEBI may significantly ease FPI disclosure norms from Feb 1; could prevent Rs 1.5-2 lakh crore forced FPI selling.
- Hyderabad manager lost Rs 1.84 cr in WhatsApp IPO scam (Rs 91L for Kerala IPO, Rs 60L Tata Tech IPO, Rs 32L misc) — warns against giving demat or money to strangers.
- Zee Entertainment: SEBI investigating ~Rs 1000 cr potential fund misuse (up from Rs 200 cr); Punit Goenka wrote to Finance Minister claiming SEBI has 'pre-determined mindset'.
- Midhani rallied on supplying nickel-based superalloys for domestically-manufactured GE Aerospace F414 fighter jet engines.
FPIscamsZee
Original description
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