News Overview

The budget raised the long term capital gains tax on equities from 10% to 12.5%.

Refinery products contracted in June, putting the maximum pressure on core sector growth

Domestic mutual funds were allotted ₹1,117 Crore worth of shares.

After a fiscal surplus in May, India was back to a fiscal deficit in June; but it is much lower than expected.

While hinting at a 25 bps rate cut in September, Jerome Powell ruled out two rate cuts in year 2024

The merger between Star and Viacom18 has already been referred to the National Company Law Tribunal (NCLT) for final decision.

In March of this year, the government announced a new electric vehicle policy to attract major global players such as Tesla.

Sterling remained at a one-month low after falling over 1% overnight as the Bank of England began its interest-rate-cutting cycle in a carefully calibrated decision.

Brent crude prices increased 33 cents, or 0.4%, to $79.85 per barrel, after sliding 1.5% the previous session.

Here are some of the stocks that may see significant price movement today: Tata Motors, ITC, Kalyan Jewellers, etc.