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Ep-1303 | Stock Market News #DailyMoneyShow
Original: Ep-1303 | stock market news #dailymoneyshow
Takeaway
Markets stable on US-Iran 14-point proposal news; alleged crude insider trading on news leaks raises regulatory questions, while real estate becomes unaffordable for middle class.
Summary
- Sensex down 114 points to 77,844; Nifty down just 4 points to 24,326; mid-cap +0.99%, small-cap +1.07%, Bank Nifty +0.12%.
- US sent 14-point proposal to Iran; Trump promised to lift Strait of Hormuz blockade if accepted, threatened strong bombing if rejected.
- Allegation: Axios news leak about US-Iran 14-point proposal was internally leaked 30 min before publication; insiders shorted crude oil, made crores in profit โ pattern noted previously too.
- TINA Effect in Indian real estate: Hyderabad flats now cost Rs 1 crore requiring Rs 75K-85K EMI on Rs 1 lakh salary โ middle class can no longer afford real estate, money flowing elsewhere.
- Stock of the day: quality stock at attractive valuation discussed for investors.
market newsIranreal estate
Original description
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