Real Estate stocks were trading in the negative zone, with the S&P BSE Realty Index index falling 84.66 points or 2.31% at 3581.57 at 13:47 IST.
Financials stocks were trading in red, with the S&P BSE Finance index falling 123.73 points or 1.45% at 8407.69 at 13:47 IST.
The stated objective for the duty is to ensure ethical business activities and level the playing field between domestic manufacturers and overseas exporters.
Margin improvements are likely due to an anticipated decrease in imports as well as ongoing measures to drive cost reductions and efficiencies.
Banking stocks were trading with losses, with the S&P BSE BANKEX index decreasing 690.46 points or 1.52% at 44777.7 at 13:47 IST.
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