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Daily Money Show 658 - Stock Market News
Original: # 658 Daily Money Show | Money Purse Stock Market News
Takeaway
FII unwinding hits HDFC Bank and IT majors; pledges and capex execution in chemicals/feeds offer balance.
Summary
- Nifty -92 to 19,436; midcap -1.4%, smallcap -1.04% on broad weakness.
- Reliance BRS Ltd signs UK-based supercomputer agreement; Bangladesh fashion retail adds 450 units; real-estate promoter pledged 7.13% equity (~Rs 12,000 cr value).
- Aquafeed plant capacity 2,400 t/mo and 12,000-t EPC/commissioning chemical company executing field expansions.
- FII selling: HDFC Bank -9.2%, Infosys -8.3%, Tech Mahindra -6.4%; ICICI First Bank scaling health/home/travel/corporate insurance; IT-dept assessment for AY 2019-20 noted.
FII sellingHDFC Bankaquafeed
Original description
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