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#911 Daily Money Show | Money Purse Stock Market News

54.4K views · Oct 08, 2024 · 19:03 min · Watch on YouTube ↗
Takeaway

China stimulus disappointment redirected FII flows back to India; Q2 results and management commentary now drive market direction.

Summary

  • Sensex +584 to 81,634; Nifty +217 to 25,013; mid-cap +1.89%, small-cap +2.09%, Bank Nifty +1.7%.
  • Indian market rallied as China's NDRC failed to deliver clear stimulus path despite confirming 5% growth target — FII flows returning from China to India.
  • Ola Electric received show-cause notice from Central Consumer Protection Authority over misleading ads and unfair trade practices; 10,000+ complaints in past year.
  • LIC may cut agent commissions and reduce bonus from 10% to 8% while hiking premiums to offset IRDAI's higher surrender value rule — positive for stock, negative for policyholders.
China stimulusOla ElectricLIC
Original description
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Team Money Purse

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