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Daily Money Show #721: Stock Market News

Original: # 721 Daily Money Show | Money Purse Stock Market News

47.4K views · Jan 03, 2024 · 19:58 min · Watch on YouTube ↗
Takeaway

Supreme Court verdict materially de-risks Adani stocks; only 2 SEBI probes pending with a 3-month deadline.

Summary

  • Market wrap: Sensex -535 pts to 71,356; Nifty -148 pts to 21,517; midcap +0.20%, smallcap +0.11%; pressure linked to Red Sea shipping issue and profit booking; Fed Dec meeting minutes due.
  • Supreme Court verdict on Adani-Hindenburg case: dismissed plea to transfer case to CBI/SIT, said SEBI is competent for securities matters, threw out third-party reports as basis for investigation.
  • SEBI completed 22 of 24 probes against Adani Group; final 2 must be completed in 3 months — strong positive for Adani stocks.
  • Gautam Adani tweeted that 'truth has prevailed' — Adani group stocks rallied on the verdict.
  • Adani Total Gas signed MoU with Saaga Quantum Technologies for CNG/LNG ecosystem supply chain; market expects MSCI to potentially revise the free-float cuts on Adani stocks; PM Modi laid foundation stone for ₹1,150 cr Lakshadweep development projects, signalling tourism push and seafood export support.
daily-marketadani-hindenburgsupreme-court
Original description
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Thanks for watching..
Team Money Purse

00:00 Market update
01:38 Adani Supreme Court News
05:44 PM Modi big Statement
06:31 Bajaj Auto Stock Update
06:54 Paisalo Digital Stock Update
07:30 RVNL Update
08:34 Gensol Order Update
09:10 VST Industries Block Deal Update
09:53 Tata Motors EV Update
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11:33 Petrol Diesel price Update
12:20 RBI Good News
13:23 RBL Bank update
14:30 Good News For Policy Holders
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