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#869 Daily Money Show | Money Purse Stock Market News
Takeaway
Markets rallied on BoJ relief; govt offers LTCG real estate flexibility, Suzlon buys Renom for wind O&M, Tata Motors launches Curvv EV.
Summary
- Sensex up 874 pts to 79,468; Nifty up 304 pts to 24,297; mid/small caps up 2.35-2.37% as Bank of Japan calmed markets.
- Govt now offers flexibility on LTCG real estate tax for pre-July 23, 2024 properties: choose either 20% with indexation or 12.5% without.
- BharatNet Phase 2 tender (~Rs 65,000 cr) opens — positive for HFCL, Tejas Networks, Sterlite Technology.
- Suzlon acquiring 76% stake in Renom (multi-brand wind energy O&M) over 18 months for Rs 660 cr total; Renom has 2.5 GW AUM and 30% fleet growth since FY20.
- Tata Motors launched Curvv EV at Rs 17.49-21.99 lakhs along with petrol/diesel ICE variants.
LTCG real estateSuzlonTata Motors
Original description
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