India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market.
Investing.com-- The Reserve Bank of India kept interest rates unchanged as widely expected, and reiterated that it will continue to withdraw accommodative policy to ensure a decline in inflation.
Investing.com -- India's Finance Minister, Nirmala Sitharaman, on Tuesday announced a significant hike in the Securities Transaction Tax (STT), increasing it from 0.01% to 0.02%.This doubling of the tax rate will have a substantial impact on Futures and Options (F&O) traders, who will now face a considerably higher tax burden on their trades.The market reacted sharply to this news on July 23, with benchmark indices Sensex and Nifty dropping by over 1% each in the afternoon. Despite the initial p