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#924 Daily Money Show
Original: # 924 Daily Money Show | Money Purse Stock Market News
Takeaway
Market weakened on US elections/Fed worries and ED raids; key small-cap order wins and watches-company numbers reviewed.
Summary
- Market: Nifty -218 to 24,180; mid-cap -1.65%, small-cap -2.31%, Bank Nifty -1.44%, dragged by physical stimulus concerns
- Big events ahead: US elections in November and Fed meeting on November 6-7
- Enforcement Directorate raids on a Bangalore/Chennai based group (September 23) involving joint venture/property/infrastructure investigations
- SME order wins discussed: solar panels/modules manufacturer got order for 550 WP modules worth ~Rs 28 cr; wealth management firm secured nuclear fusion project work
- Watches company in luxury segment - last year same quarter Rs 2.43 cr profit, with 16% growth in e-commerce trade and 12% growth in segment performance
market newsED raidsSME orders
Original description
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