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# 752 Daily Money Show | Money Purse Stock Market News
Takeaway
Japan slips into recession, Axis Bank faces Rs 5100 cr scam allegations on Max Life deal, and Reliance eyes Disney's Tata Play stake.
Summary
- Sensex up 227 pts to 72,500; Nifty up 70 pts to 21,910; mid/small caps up ~1%.
- Japan officially entered technical recession with -0.4% Q4 GDP — now world's #4 economy after Germany overtook it; economists expect moderate, recoverable downturn.
- BSE/NSE rescheduled special trading session for disaster recovery testing to March 2 (Saturday) in two slots: 9:15-10am and 11:30am-1pm.
- Axis Bank stock fell after Subramanian Swamy filed Delhi HC case alleging Rs 5100 cr scam in Max Life stake acquisition at below-market price (Rs 736 cr for 12.02%).
- Vedanta saw block deal of Rs 2255 cr (22% equity changed hands) — GQG Partners suspected buyer of ~$1B promoter stake sale; Reliance in talks to acquire Disney's 29.8% in Tata Play.
Japan recessionAxis BankVedanta
Original description
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