Ace investor Shankar Sharma applauds Budget 2026’s STT hike on derivatives, calling F&O trading a “poison.” Experts say it may curb speculation, shift focus to long-term investing, but could unsettle markets and impact hedging.
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.
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