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#860 Daily Money Show | Money Purse Stock Market News

63.4K views · Jul 25, 2024 · 23:05 min · Watch on YouTube ↗
Takeaway

SEBI data confirms most intraday traders lose; Tata Motors got a strong Nomura upgrade on JLR recovery and demerger value unlock.

Summary

  • Sensex -109 to 80,039; Nifty -7 to 24,406; Bank Nifty -0.83%.
  • SEBI report: 70%+ intraday traders lose money in cash equity; 80% of frequent traders and 76% of young traders (<30) faced losses in FY23.
  • Liquor stocks rallied on news that Andhra Pradesh government will procure from top brands.
  • Government to digitize urban+rural land records — positive for Protean eGov Technologies.
  • Nomura upgraded Tata Motors to Buy with TP Rs 1,294 citing JLR turnaround, PV/CV demerger value unlocking, margins moving from 7.8% (FY25) to 11-12% (FY30), and net debt going to net cash by FY26.
SEBIintradayTata Motors
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