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Ep 1029 | Daily Money Show | Stock Market News Today
Original: Ep-1029 | Daily Money Show | Stock Market News Today
Takeaway
India proposing tariff cuts on US imports to reach trade deal; Burger King India QIP success draws DII participation despite weak Indonesia business.
Summary
- Sensex +317 to 77,606; Nifty +105 to 23,591; small cap +1%, Bank Nifty +0.72% on positive close.
- Sona BLW and Tata Motors stocks under pressure on auto sector concerns.
- India considering tariff cuts on US imports — medical/scientific instruments, cruise ships, aircraft, cars, turbojets, high-end jewelry, plastic polymers, organic chemicals (cutting 7.5% basic customs duty).
- Restaurant Brands Asia (Burger King) completed QIP — SBI, ICICI, Motilal Oswal MF, Bajaj Allianz, HDFC participated; DIIs raising stake since March 2022.
- RBA Q4 numbers to be watched — Indonesia business via Popeyes franchise is the drag; rerating possible if numbers improve.
tariffsburger-kingmarket-news
Original description
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