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# 789 Daily Money Show | Money Purse Stock Market News
Takeaway
Mauritius FPI treaty cancellation and Middle East war fears triggered major correction; Tesla India entry could benefit auto supply-chain stocks.
Summary
- Sensex -793 to 74,244; Nifty -234 to 22,519 — sharp correction triggered by India closing Mauritius FPI tax treaty (6% of total FPI assets come via Mauritius route).
- Iran-Israel war escalation fears: Iran reportedly may strike Israel, threatening Red Sea trade and crude prices.
- Rajasthan's Palodi betting predictions: BJP to win 330-333 seats; NDA 400 seats unlikely.
- Elon Musk visiting India April 21-22 to announce $2-3 billion Tesla investment plan and Starlink launch — positive for Sona BLW (Tesla supplier).
Mauritius FPITeslaIran-Israel
Original description
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