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Daily Money Show 939 - Stock Market News
Original: # 939 Daily Money Show | Money Purse Stock Market News
Takeaway
Weak IT, Russia-Ukraine escalation and CLSA’s pivot back to India drive todays volatility; Telangana’s new EV policy is a near-term tailwind for EV stocks.
Summary
- Sensex -241 to 77,739, Nifty -78 to 23,453; small cap -0.65%, Bank Nifty +0.37%. IT stocks dragged after Fed Chair Powell hinted slower rate cuts and possible December pause.
- Russia-Ukraine tension flares as Ukraine reportedly plans US-supplied missile strikes on Russia, risking Cold War-style escalation - negative for equities.
- CLSA shifts focus from China back to India, citing weaker-than-expected Chinese stimulus and likely Trump tariffs on Chinese EVs/imports.
- Telangana announces 100% road-tax and registration-fee exemption on EV purchases from Nov 18 to Dec 31 2026 covering 2-wheelers, cars, taxis, autos, LGVs, tractors and buses.
IT sectorCLSATelangana EV
Original description
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