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Daily Money Show 879 - Fed Rate Cut Hopes and Tata Punch Beats WagonR
Original: #879 Daily Money Show | Money Purse Stock Market News
Takeaway
September Fed rate cut hopes are driving the rally; key India stories include HAL engine resolution, Tata Punch's win and Bajaj GST proposal.
Summary
- Sensex +147 to 81,053; Nifty +41 to 24,811; broad-based positive ahead of expected September Fed rate cut
- Tata Punch beat Maruti WagonR in Jan-Jul 2024 sales (1.6 lakh vs 1.16 lakh units) - Punch EV/CNG variants driving the win
- Rajnath Singh's US visit Aug 26 likely to resolve HAL's F404 engine delay issue from GE; defence deals in final stage
- Bajaj Auto won 13 PLI approvals for EV scooters/bikes; proposed CNG two-wheelers be classified as EVs for 5% GST; Nucleus Software buyback at Rs 1615 vs Rs 1500 trading price; Dabur Rs 400 cr Tamil Nadu plant
FedTata MotorsBajaj Auto
Original description
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