#871 Daily Money Show | Money Purse Stock Market News

50.7K views · Aug 09, 2024 · 18:38 min · Watch on YouTube ↗

Takeaway

AMRUT 2.0's Rs 62,936 crore water/sewage allocation cements the water theme as a structural multi-year investment opportunity.

Summary

Sensex up 819 points to 79,705; Nifty up 250 points to 24,367; midcap +0.76%, smallcap +0.56%, Bank Nifty +0.65%.
Central government approved Rs 62,936 crore under AMRUT 2.0 for surveillance/sewage projects - 29,105 km network coverage and 5,791.95 MLD sewage treatment.
Water-theme thesis: India faces ongoing water scarcity, government investment is structural, water-theme stocks (covered in earlier Money Purse video) set to benefit long-term.
Mahindra & Mahindra Reuters update mentioned among the day's important corporate news.

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Original description

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