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DMS-1154 Stock Market News
Original: DMS -1154 Stock Market News | #dailymoneyshow
Takeaway
Brokerages and Mark Mobius bullish (Sensex 100K), but trade-deal uncertainty and IT H1B threats keep near-term capped.
Summary
- Market: Sensex -555 to 81,159; Nifty -116 to 24,890 with IT and financial services dragging
- US senator demanding H1B/layoff data from Amazon, Apple etc - additional pressure on Indian IT
- Famous investor Mark Mobius predicts Sensex will hit 100,000 within a year; bullish on banking, infrastructure and hardware/semiconductor-linked companies
- Sea Cost Shipping Services - SEBI banned promoters for diverting rights issue funds, inflating financials and fake claims; stock fell from Rs 20 to ~Rs 1
- Multiple brokerages (Motilal Oswal, MK Research, Prabhudas Lilladher, HSBC, Kotak, Jefferies, Antique) positive on Indian market over coming months
H1BMobiusSEBI
Original description
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