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#771 Daily Money Show | Money Purse Stock Market News
Original: # 771 Daily Money Show | Money Purse Stock Market News
Takeaway
Recovery rally with Yes Bank stake sale speculation, Tata Motors TN expansion, RBI co-branded card restrictions on two banks, and weak Gopal Snacks listing.
Summary
- Sensex up 335 points to 73,097; Nifty up 153 points to 22,151; mid-cap +2.23%, small-cap +2.87% — recovery rally after sharp falls.
- Yes Bank news: $8-9 billion deal to sell 51% stake to Japan/West Asia/Europe FIs being discussed; Yes Bank denied as speculative.
- Tata Motors signed Rs 9,000 crore MoU with Tamil Nadu for vehicle manufacturing facility over 5 years to meet rising auto demand.
- RBI restricted Federal Bank and South Indian Bank from issuing new co-branded credit cards over compliance issues; existing cards continue.
- Gopal Snacks IPO listed at Rs 350 vs IPO price Rs 401, closing at Rs 360 — Day 1 negative 10.21% return for investors.
market newsYes BankIPO
Original description
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