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Daily Money Show 876 - Jackson Hole and Cauvery Telecom Warning
Original: #876 Daily Money Show | Money Purse Stock Market News
Takeaway
Don't chase 'sector-rename' defence/tech buzz stocks like Cauvery Telecom and understand P2P lending risk before lending.
Summary
- Sensex -12 to 80,424; Nifty +31 to 24,572; midcap +0.40%, smallcap +1.42%, Bank Nifty -0.29%
- Jackson Hole Economic Symposium Aug 22-24 - Jerome Powell's comments key for rate-cut expectations
- Strong warning on Cauvery Telecom Products renaming to 'Cauvery Defense and Wireless Technologies' - market cap only Rs 62 cr, losses 8/10 years since 2013; recalls 2000 dot-com era when infra firms renamed as tech then crashed
- RBI tightens P2P lending rules - platforms must disclose risks clearly, no credit enhancement/guarantees; one P2P platform paused withdrawals
defenceP2P lendingscam stocks
Original description
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