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#811 Daily Money Show | Money Purse Stock Market News
Original: # 811 Daily Money Show | Money Purse Stock Market News
Takeaway
SEBI eased MF KYC deadline by a year; Brightcom Group trading suspended for non-disclosure while meme stocks return to US markets.
Summary
- Sensex -117 to 72,987; Nifty -17 to 22,200; midcap +0.67%, smallcap +0.79%.
- SEBI extended new MF KYC rules deadline by 1 year (to April 30, 2025) — KYC-Registered investors still allowed to redeem (relief from earlier blocks).
- US 'Roaring Kitty' returned to X after 3 years — GameStop and AMC meme stocks rallied 200% in 2 days; cites 'Dumb Money' Netflix movie explanation.
- India has circuit limits that prevent such meme-stock moves; host asks audience opinion on whether circuit limits are good.
- Brightcom Group: NSE suspended trading from June 14 for not declaring 2 quarters of earnings — stock will move to T-T basis after 15-day suspension.
KYCmeme-stocksBrightcom
Original description
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