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#840 Daily Money Show | Stock Market News
Original: #840 Daily Money Show | Money Purse Stock Market News
Takeaway
Index rebalancing inflows favor Kotak, NTPC, ITC, Airtel; HDFC Bank, BEL, L&T see outflows; IREDA/HUDCO benefit from housing-renewable policy push.
Summary
- Sensex +620 to 78,674, Nifty +147 to 23,868; Bank Nifty +0.50%.
- Nifty quarterly rebalancing tomorrow: inflows expected — Kotak Mahindra Bank $62M, NTPC $62M, ITC $59M, Airtel $36M.
- Outflows: HDFC Bank -$77M, BEL -$45M, L&T -$25M, Reliance -$14M.
- IREDA and HUDCO spiked on expected government announcement around affordable housing and renewable financing.
- Modi 3.0 government extended affordable housing scheme — boosts renewable energy financiers via cheap-funds access.
Index RebalancingIREDAHUDCOAffordable HousingRenewables
Original description
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