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#888 Daily Money Show | Stock Market News
Original: #888 Daily Money Show | Money Purse Stock Market News
Takeaway
Fake TRAI KYC call scam alert; ₹1.45L cr defense procurement positive for shipbuilders; soda ash crash hurts Tata Chemicals/GHCL.
Summary
- Market: Sensex -202 to 82,352; Nifty -81 to 25,198; midcap -0.11%, smallcap +0.43%, Bank Nifty -0.56%
- Scam alert: fake TRAI pre-recorded calls claiming KYC issues will block your numbers — pressing a key transfers call to scammers who steal money and may access phone data; both calls and SMS in TRAI's name should be ignored
- BSNL 4G rollout: government likely to allocate additional ₹6,000 cr to BSNL (the gap between ₹19,000 cr advance order and actual ₹13,000 cr); positive for TCS consortium, Tejas Networks, ITI Limited
- Defence Acquisition Council approved ₹1.45 lakh cr procurement (Future Ready Combat Vehicles, Air Defence Fire Controllers, Next Gen Fast Patrol Vessels) — positive for Mazagon Dock, Garden Reach, defense stocks
- Soda ash prices in China fell 35% from May high (6% in 3 days, 14% in a month) — negative for Tata Chemicals and GHCL margins
- CCL Products +12% on Brazil coffee production drop driving international coffee prices up; Sona Comstar ₹2,400 cr QIP this month, eyeing Escorts Kubota Rail Engineering division acquisition
scam alertdefense procurementsoda ash
Original description
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