Indian benchmark indices closed positively on Thursday, though gains lagged behind other Asian markets. Nifty rose 0.33% to 24,833.6, and Sensex increased 0.39% to 81,633.02, despite intraday dips. Underperformance was attributed to prior rallies and call writing at the 25,000 level, creating resistance. FPIs and domestic institutions were net buyers.
Losing $1 billion a day: Gurmeet Chadha urges PMO, Finance Ministry to revisit capital gains tax, STT
Gurmeet Chadha has urged the government to revisit capital gains tax and STT, citing sustained foreign capital outflows. He claims India is losing nearly $1