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#478 Daily Money Show | Money Purse Stock Market News
Original: # 478 Daily Money Show | Money Purse Stock Market News
Takeaway
US CPI tonight is the key macro event; Tata Motors entering Europe EV cell making and Swiss Military-Flipkart MoU drive stock-specific moves.
Summary
- Sensex -147 to 59,958; Nifty -37 to 17,858; pressure ahead of US December CPI data tonight which will guide Feb Fed decision.
- Tata Motors CFO PB Balaji confirmed plans to set up an EV cell manufacturing unit in Europe for JLR and Tata Motors EVs.
- Swiss Military signed MoU with Flipkart for luggage/travel accessories listing — stock rallied.
- Paytm block deal: 2 cr shares (3.1% equity) at Rs 540, possibly Alibaba exiting; Nykaa block 1.4 cr shares at Rs 150.30.
- Route Mobile signed partnership with Sri Lanka telecom operator for A2P bulk messaging; 360 ONE (formerly IIFL Wealth) board to consider stock split and bonus on Jan 19.
CPITata-Motorsblock-deal
Original description
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