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#906 Daily Money Show | Money Purse Stock Market News

62.2K views · Sep 30, 2024 · 20:19 min · Watch on YouTube ↗
Takeaway

Sharp market correction on Middle East tensions and China stimulus; Telugu states top F&O losers (Rs 1.97L avg) — avoid F&O if untrained.

Summary

  • Sensex down 1,272 points to 84,299; Nifty down 368 points to 25,810; Bank Nifty -1.59%; sharp correction.
  • Middle East tensions rising (Israel-Iran proxy attacks) and China stimulus diverting FII flows away from Indian markets to cheaper Chinese valuations.
  • SEBI F&O loss data FY23-24: Telangana #1 (avg Rs 1.97 lakh loss/trader), Andhra Pradesh #2 (Rs 1.45 lakh), Tamil Nadu #3 (Rs 1.37 lakh) — Telugu states top losers.
  • After Israel exploded Hezbollah pagers, Indian government raising concerns about Chinese CCTV/surveillance imports — restrictions could benefit Dixon Technologies and small players like Prejo and Vintech.
  • Warns mid/small-cap stocks expensive; cautious on fresh allocation as Powell speech and US jobs data this week could trigger more correction.
market newsF&O lossesCCTV
Original description
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DMS - 906
Dated - 09-30-2024

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