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DMS 1123 | Stock Market News
Original: DMS - 1123 Stock Market News | #dailymoneyshow
Takeaway
India offsetting US tariffs with FTAs; July equity inflows surged 81%; ICICI raised new account minimum balance to Rs.50,000.
Summary
- Sensex +746 to 80,604; Nifty +221 to 24,585; market opened flat then positive momentum on US tariff war updates.
- US tariffs of 50% affecting Indian textile, shrimp exporters — government considering support/incentives.
- India fast-tracking Free Trade Agreements with Oman and other countries to offset US tariff impact.
- July equity mutual fund inflows surged 81% MoM to Rs.42,702cr from Rs.23,587cr in June.
- ICICI Bank raised minimum savings account balance for new accounts from Aug 1: Rs.50,000 in metro/urban (was 10K), Rs.25,000 semi-urban, Rs.10,000 rural — RBI responded.
tariffsmutual-fundsicici-bank
Original description
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