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Daily Money Show 711 - Red Sea Houthi Attacks and SEBI Manipulation Raids
Original: # 711 Daily Money Show | Money Purse Stock Market News
Takeaway
Avoid social-media-promoted penny stocks now under SEBI investigation, and watch crude/diagnostics for Red Sea and COVID-variant impact.
Summary
- Sensex +122 to 71,437, Nifty +34 to 21,453; midcap -0.28%, smallcap and Bank Nifty flat
- Crude oil rose on Red Sea Houthi attacks disrupting shipping; US, UK, Bahrain, Canada, France, Italy forming new naval protection force
- SEBI conducted raids on 100+ premises in Gujarat targeting penny-stock price manipulators using Facebook, YouTube, WhatsApp and Telegram pump groups
- Kerala detected JN.1 COVID variant cases with deaths reported; Karnataka made masks mandatory in public places - diagnostic companies could see revenue tailwind
Red SeaSEBIpenny stocks
Original description
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