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#773 Daily Money Show | Stock Market News
Original: # 773 Daily Money Show | Money Purse Stock Market News
Takeaway
Watch Fed meeting outcome; Adani Group facing fresh US probe headline risk; Poonawalla CEO appointment and Sona BLW operational milestone are positive triggers.
Summary
- Sensex +104 at 72,748; Nifty +32 at 22,055; Fed meeting March 19-20 key event; Goldman Sachs expects 3 rate cuts in 2024 and 4 in 2025
- Adani Group stocks dropped after Bloomberg article alleged US is investigating Adani Group and Gautam Adani for bribing Indian officials over energy project wins
- Poonawalla Fincorp appointed ex-HDFC Bank executive Arvind Kapil as MD & CEO (he played key role in HDFC merger); Gensol Engineering completed Rs.128 cr 160MW Bhavnagar solar project
- Sona BLW achieved 400M differential gears + 600M differential assemblies milestone; serves 7 of top 10 PV OEMs, 3 of top 10 CV, 4 of top 10 EV
Adani GroupFed meetingSona BLW
Original description
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