Indian markets cheered the announcement of corporate tax reduction with one of the biggest single-trading session gains in last 10 years.
News in Focus
Indian government has taken a major step towards helping the economy with reduction in corporate tax rate.
Indian markets have witnessed slight pullback over the last few trading sessions and mid-cap stocks have gained momentum. Markets are expected to remain range-bound in the next couple of weeks.
Major Indian cities have witnessed decline in pending apartments for sale as developers reduced their investments in new developments.
Steps taken by Finance Minister to help real estate sector should show results in upcoming months.
Indian Stock Markets have been witnessing tough times, mainly due to global cues. The local companies have performed well in quarterly results but economic indicators suggest slower growth.
Main Regional Stories
According to the latest electric-vehicle (EV) registration figures coming from Norway, a total number of 4,713 new electric passenger cars were registered in the country in August 2019.
On the Laguna Seca Raceway in California, a Tesla Model S version equipped with new ‘Plaid’ powertrain has set a new record for a four-door sedan.
Indian economy is going through tough times but the positive thing is regular measures announced by finance minister Nirmala Sitharaman.
Indian Stock Markets ended the week positive. The support received by markets from lower levels has led NSE Nifty above its important resistance placed at 11100 along with its 50 SMA at 11114.
Indian stock market closed positive on Friday and after weeks of declines, investors have received relief as markets have received support from lower levels. Major gains were noticed in majority of mid-cap and small-cap counters during the week.