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Daily Money Show 169 - Stock Market News
Original: # 169 Daily Money Show | Money Purse Stock Market News
Takeaway
IT-led market rally, McDonald’s India expansion, zinc supply shocks and ophthalmic-generics niche are todays actionable stories.
Summary
- Sensex +568 to 61,305 and Nifty +176 to 18,338; Bank Nifty +1.83% led by IT (Infosys/Wipro/Mindtree results).
- Westlife Development (McDonald’s South/West India) plans 150-200 new stores and Rs 800-1,000 cr capex over 3-4 years; stock +2.58%.
- Hindustan Zinc +4% after Nyrstar cut European zinc production 50% on power costs, pushing zinc to 14-year highs.
- Nazara Technologies fall is due to T2T segment placement, not company issue. Nirmal Bang flags Indoco Remedies/Sun Pharma opportunity in $800M-$1B ophthalmic suspension market with 14 expired patents and only 6 generic competitors.
daily money showHindustan ZincWestlife
Original description
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