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Daily Money Show #935: Stock Market News

Original: # 935 Daily Money Show | Money Purse Stock Market News

86.4K views · Nov 12, 2024 · 24:00 min · Watch on YouTube ↗
Takeaway

Markets fell on inflation + FII outflows; selectively look at order-win and earnings-growth stories among industrials and consumer names.

Summary

  • Market update: Sensex -820 points, midcap index -1%, smallcap -1.39%; broking/financial stocks down ~2% amid macro pressure.
  • CPI inflation reading at 6.2% (above RBI comfort band), pressuring rate-cut expectations; FII outflows continue with ~1.6-1.7 trillion rupees worth of selling impact.
  • Stocks/orders covered: IndiGo (InterGlobe Aviation), Macrotech Developers, Mahindra & Mahindra Finance, GMR Airport, Supreme Industries, IDFC First Bank, Mahanagar Gas, Honasa Consumer, Dabur.
  • Capex/orders: Power Mech order win in Jammu & Kashmir, ₹294 cr solar EPC services order, wind energy solutions wins, 65,000 cr+ pipeline mentions; Hindustan Foods sequential growth 10.7%, EBITDA growth 84%.
  • Glass-lined equipment maker reported segment performance: glass equipment +62.4%, filters +34.5%, operating margins ~18.69-29.86%, last-year vs current quarter comparisons across multiple companies.
daily-marketfii-outflowsearnings
Original description
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