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#242 Daily Money Show | Money Purse Stock Market News
Original: # 242 Daily Money Show | Money Purse Stock Market News
Takeaway
Market closed strongly positive with sector-specific moves driven by drone/EV policy news, customs duty changes, and corporate updates.
Summary
- Nifty closed up 237 points, Sensex up 862 points; mid-cap +1.14%, small-cap +0.63%, Bank Nifty +1.4%.
- Drone and defense stocks like Paras Defense, Gen Technologies positive on government EV/zero-fossil-fuel policy for special mobility zones.
- Methanol custom duty cut from 5% to 2.5% and acetic acid from 7.5% to 5% — marginal negative for GNFC, GSFC, Deepak Fertilizers; positive for Jubilant Ingrevia and Laxmi Organics.
- Lupin USFDA acceptance update for pegfilgrastim biological license application; Ramkrishna Forgings won 110 million rupee Asian truck brand order.
- IT company quarterly results: revenue growth 21.2% YoY and 5.6% QoQ; EBITDA margin 18.5% impacted by wage hikes, fresher hiring, and offshoring investments; PV revenue 72.3%.
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Original description
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