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#690 Daily Money Show | Money Purse Stock Market News
Original: # 690 Daily Money Show | Money Purse Stock Market News
Takeaway
Daily wrap mixes a macro-bull manufacturing theme with a scam alert and large infra/logistics order books worth tracking.
Summary
- Daily wrap - Nifty moved 139 points; both midcap and smallcap nearly flat.
- Macro theme: India growing economy and manufacturing tailwind to support move toward $5/$7-trillion economy.
- Big scam in financial services flagged - involving multiple welfare-group MFI-type schemes.
- Corporate updates: IDFC First-style financial services expansion, Rs 5,000+ crore order book commentary; export orders of Rs 270 crore mentioned.
- Three airports - Kolkata, Kabul (Hamid Karzai), Kuching international airport activity noted; transport/logistics expansion and EPC contract Rs 10,000-15,000 crore range.
manufacturingscam-alertdaily-money-show
Original description
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