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# 730 Daily Money Show — Stock Market News

Original: # 730 Daily Money Show | Money Purse Stock Market News

56.3K views · Jan 16, 2024 · 17:39 min · Watch on YouTube ↗
Takeaway

Mild Nifty decline driven by Red Sea Houthi attacks on shipping — keep an eye on crude/oil-shipping disruption risk.

Summary

  • Kanuma festival episode (Jan 16): Sensex -199 pts to 73,128; Nifty -65 pts to 22,32X; Bank Nifty flat.
  • Mid/smallcap mild correction (~0.30%) on geopolitical tension.
  • Red Sea issue intensified: Iran-backed Houthis attacked a US-linked container ship with missiles — fresh trigger for global risk-off.
  • Market traded flat morning then declined in the second half on the Red Sea news.
Red SeageopoliticsNifty
Original description
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