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DMS-1153 | Stock Market News | #DailyMoneyShow
Original: DMS - 1153 | Stock Market News | #dailymoneyshow
Takeaway
Trump's anti-India crude oil rhetoric continues but HSBC upgraded Indian equities to Overweight on improved valuations and policy support.
Summary
- Sensex down 386 points to 81,715; Nifty down 112 points to 25,056; mid-cap -0.87%, small-cap -0.47%, Bank Nifty -0.7%.
- Trump again attacking India: claims India and China fund Russia via crude oil purchases enabling Russia-Ukraine war; ignores that NATO countries buy weapons from US.
- Trump also claims he stopped India-Pakistan war and all global wars personally (Nobel Peace Prize push); host compares to Rajinikanth movie self-claims.
- HSBC upgraded Indian equities from Neutral to Overweight on improved valuations and supportive government policies after market correction.
- India-EU trade talks progressing on some sectors; flipkart/Amazon online order delivery safety tip flagged for viewers.
market newsTrumpHSBC
Original description
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