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DMS-1129 | Stock Market News | Daily Money Show
Original: DMS - 1129 Stock Market News | #dailymoneyshow
Takeaway
US tariff pressure is pushing India closer to Russia and China — bilateral trade with Russia targeted at $100B by 2030, while Vedanta's demerger is now in doubt as NCLT hearing slips to Sep 17.
Summary
- Sensex +213 to 81,857; Nifty +69 to 25,050; mid +0.39%, small +0.38%, Bank Nifty -0.3%
- Russia willing to absorb Indian goods if US tariffs hurt exports; India-Russia targeting $100B bilateral trade by 2030 — Russia/China inching closer to India as a result of US pressure
- China lifted rare-earth magnet and fertilizer export curbs on India recently — material positive for EV/wind/electronics supply chains
- Vedanta demerger hit a snag: SEBI sent warning letter Aug 14; NCLT hearing postponed to Sep 17 after government raised concerns about pending dues, inflated revenues and understated liabilities — Vedanta stock under pressure today
- Host shares personal note: trip to Arunachal/Arunachalam giri pradakshina; no workouts due to foot blisters
India-Russia tradeVedanta demergerrare earth
Original description
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