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# 505 Daily Money Show | Money Purse Stock Market News

96.5K views ยท Feb 22, 2023 ยท 15:44 min ยท Watch on YouTube โ†—
Takeaway

US Fed hawkishness drove a Nifty selloff with PSU banks worst hit, while EV-related corporate actions continued.

Summary

  • Nifty fell 272 points to 17,554 amid FOMC minutes hinting at another 50bps US rate hike at the next meeting.
  • Mid-cap index declined 0.99%; FII selling especially in PSU banks pressured the market.
  • Company news: Rs 796.42 crore electric four-wheeler investment, Rs 725 crore for EV business; Rs 410.5 crore share sale at Rs 335 per share.
  • Additional Rs 36.27 crore worth of shares transacted at Rs 341 each.
market-updatefedev
Original description 
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