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Markets | Don’t pop the champagne corks yet

A slowing economy and the crisis in the NBFC sector are risks.

August 09, 2019 / 08:55 AM IST
Markets | Don’t pop the champagne corks yet

Are happy times here again? Indian stocks rose a joyous 1.7 percent, mostly on the last hour of trading on Thursday, after news reports emerged that the government will roll back the tax surcharge on foreign portfolio investors and withdraw long-term capital gains tax. Preliminary data shows that FPIs were still net sellers of Rs 437 crore worth of stocks while domestic institutions bought shares worth Rs 291 crore, far lower than in previous days this week. This implies that the rise...

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