Sensex and Nifty were slightly higher on Wednesday, driven by gains in auto and energy stocks. Notable gainers included M&M, Tata Motors, and Reliance Industries. NBCC gained over 8% as its Board is set to meet for potential bonus shares issuance.
The case involved A Shah, a Singapore tax resident, who declared capital gains of Rs 88.75 lakh from debt mutual funds and Rs 46.91 lakh
The bank attributes the bullish revision to stronger-than-expected central bank demand and mounting recession risks, which have contributed to a surge in gold-backed ETF inflows.
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