News Overview

The rates of long term capital gains tax and the short term capital gains tax on equities were increased in the budget to 12.5% and 20% respectively

Despite the EBITDA loss, Bharat Dynamics maintained profitability for the quarter, boosted by increased interest income from a strong cash balance.

In a week when most heavyweight sectors came under pressure, it was healthcare and FMCG that stood out

IRFC shares, like RVNL, are trading up 2%. The railway financier will also release its quarterly earnings later this evening.

An ambivalent RBI policy with global growth uncertainty could keep the markets on tenterhooks in the coming week

The Nifty was down 143 points at 24,224, and the Sensex was down 465 points at 79,241.

The dollar was trading at 146.87 yen, up 0.2% from late U.S. prices on Friday. The euro traded at $1.0918, and the dollar index was unchanged at 103.18.

U.S. West Texas Intermediate crude prices increased 2 cents, or 0.03%, to $76.86, while Brent crude futures declined 7 cents, or 0.09%, to $79.59 a barrel.

Tuesday is the deadline for the U.S. producer price index (PPI), and on Wednesday is the consumer price index (CPI).

Banks in both the public and private sectors have increased their MCLR rates in response to the increased cost of deposits.