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Ep-1021 | Daily Money Show | Stock Market News Today
Takeaway
Watch the March Fed meeting and India FTA progress; Ola Electric is in serious trouble with NCLT insolvency filed on its subsidiary.
Summary
- Sensex +341 to 74,169; Nifty +111 to 22,508; Bank Nifty +0.61%.
- Mar 19 US Fed meeting outcome is the week's key event — no rate cut expected but recession comments would hit global markets.
- India-New Zealand FTA talks resume after 10 years (ended 2015); UK and US trade deals also progressing — positive for Indian exporters.
- Reliance Jio launched Rs 299 90-day JioHotstar free + 50 days free Jio Fiber trial to attract IPL viewers and new SIM users — positive for RIL.
- Ola Electric subsidiary Rosmerta Digital Services filed corporate insolvency in Bengaluru NCLT against Ola for non-payment — major negative for Ola Electric on top of vehicle servicing complaints.
FedFTAOla Electric
Original description
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