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#83 Daily Money Show
Original: # 83 Daily Money Show | Money Purse Stock Market News
Takeaway
Bajaj Finance digital pivot and Easemytrip CHATT formation drove the index up; the apparent VBL crash was just a 1:2 bonus ex-date adjustment.
Summary
- Sensex +358 to 52,300; Nifty +102 to 15,737 led by financials, especially Bajaj Finance
- Bajaj Finance promoter Rajeev Jain told BofA the digital tech platform/super-app is working very interestingly - stock jumped 7.29%
- Easemytrip hit 10% upper circuit after CHATT (Confederation of Hospitality Technology and Tourism Industry) formed with Oyo, Yatra, Airbnb, Easemytrip to bridge digital gap for small hotels
- Reliance Industries partly paid-up shares re-listed at Rs 1,572 vs theoretical Rs 1,416 (delisted Rs 982 + Rs 314.25 call money + Rs 120 RIL share appreciation)
- Tanla Platforms gained 3.24% after announcing Axis Bank deal for conversational banking platform; Varun Beverages drop is bonus-share adjustment, not real correction
- Channel's Telegram crossed 2 lakh subscribers - credit shared with team member Chandu
Bajaj FinanceEasemytripReliance
Original description
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