Mon, Nov 20, 2023 4:37 PM
Shares sluggish, dollar dips as markets eye Fed rate cuts
A Flip by Avya Verma
Mumbai: India's equity indices hit fresh all-time highs with the Sensex crossing the 69,000 mark for the first time on Tuesday as the market continued to ride the bullish momentum driven by pick up in foreign fund flows and Bharatiya Janata Party's wins in the recent state elections.The Nifty gained 168.30 points or 0.81% to close at 20,855.10. The Sensex rose 431 points or 0.63% to end.
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Stakeholders in meetings with the Finance Ministry have raised concern on the raft of notices to multiple sectors based on interpretation of the law which the government says is a result of artificial intelligence and data analytics in tax. First, it was Rs 1.4 lakh crore of GST notices to online gaming, then Rs 1.5 lakh crore of notices to shipping companies and now the airline sector.
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Mumbai: Adani Group stocks surged on Tuesday, adding ₹1.93 lakh crore to market capitalisation and marking their best single-day market performance, following a report by Bloomberg that quoted an unnamed official of the US International Development Finance Corp (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently announced funding.
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