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#142 Daily Money Show | Money Purse Stock Market News
Original: # 142 Daily Money Show | Money Purse Stock Market News
Takeaway
Chip shortage hurts Tata Motors JLR while Reliance bets on genomics; retail investors must actively vote AGM resolutions.
Summary
- Sensex closed +0.29% at 58,296; Nifty +0.31% at 17,377; IT stocks led gains with Nifty IT up 1.5%; Reliance and IT contributed most to gains
- Tata Motors JLR August sales: 1,871 vehicles vs 3,101 last year same month and 4,528 last month — sharp drop due to semiconductor shortage; Mercedes/VW/Renault expect chip shortage till 2023
- Reliance Industries via subsidiary acquiring Strand Life Sciences (genomic testing) — buying 2.28 crore shares for ₹393 cr plus ₹160 cr commitment for 80.3% stake; benefits Healthcare Global (₹83 cr net cash)
- IRCTC stock jumped >5% on cruise booking services expansion — adding Mumbai-Goa, Diu, Lakshadweep, Kochi cruise routes including Jalesh partnership
- Tutorial on AGM voting process — locate email from NSDL/CDSL/KFinTech, download notice PDF, vote on retail-shareholder-impacting resolutions
JLRrelianceAGM voting
Original description
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