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Ep: 1344 | Daily money show | stock market news
Takeaway
Portfolio performance depends on what you own, so benchmark gains can coexist with weakness in midcap- and smallcap-heavy holdings.
Summary
- Nifty fell 31 points to 24,398, with smallcaps weaker than the benchmark.
- The host explains that portfolios can decline despite rising indices when largecaps advance while midcaps and smallcaps experience profit-taking after earlier rallies.
- Saudi Arabia announced substantial discounts on August crude supplies to Asian customers, which the host views as favorable for India's import bill.
- Higher cocoa and coffee prices are presented as possible short-term benefits for Manorama Industries, Vintage Coffee and CCL Products.
- Info Edge's first-quarter standalone billings grew roughly 14% year on year, with recruitment-business growth encouraging despite a subdued hiring environment.
Market BreadthCoffeeInfo Edge
Original description
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