June 30, 2026 02:37 am (IST)
Follow us:
Concerns over Mauritius tax treaty pulls down markets on Wednesday
Mumbai, May 11 (IBNS) Indian markets ended lower at close of business on Wednesday following the central government's decision to amend its tax treaty with Mauritius allowing for the taxation of capital gains tax on investments channelled through it and weak global cues, media reported.
On Wednesday, Sensex fell 175.51 points to 25597.02 and Nifty fell 38.95 points to 7848.85.
Some of the top gainers for the day were Axis Bank, Asian Paints, Maruti, NTPC and L&T while Bharti, SBI, Dr Reddy's Labs, Tata Motors and BHEL were major losers.
The Supreme Court on Wednesday struck down TRAI's mandate to telecom companies asking them to compensate users for call drops.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
From Mumbai teen to AI trailblazer: Meet 19-year-old Dhravya Shah behind Supermemory's $3 million funding
Mon, Jun 29 2026
Stop exchanging currency! You can use UPI app in Seychelles in future. List of other nations where the app can be used
Mon, Jun 29 2026
Why did Kotak Mahindra Bank stock fall 3% today? CEO Ashok Vaswani's decision explained
Mon, Jun 29 2026
India overtakes Taiwan, South Korea to become world's fifth-largest equity market again
Mon, Jun 29 2026
Best Car Insurance for Cars Driven Less Than 5,000 KM a Year
Sat, Jun 27 2026