May 09, 2024 01:11 (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
China's gold-buying spree triggers global price surge Wed, May 08 2024
Sixteenth Finance Commission invites suggestions from general public Wed, May 08 2024
Godrej Agrovet Q4FY24 results: Consolidated net profit jumps to Rs 65.48 cr, revenue improves by 1.8% Wed, May 08 2024
Indian Coast Guard partners with Jindal Steel & Power to boost indigenous shipbuilding with marine grade steel Wed, May 08 2024
RBI asks NBFCs to disburse cash loans only up to Rs 20,000: Report Wed, May 08 2024
National Statistical Commission to be revived as govt appoints two new members: Report Wed, May 08 2024
India poised for higher GDP growth based on domestic strengths, says Chief Economic Advisor Wed, May 08 2024
Canara Bank FY24 March qtr profit surges 18% YoY to Rs 3,757 cr; Rs 16.10 per equity share dividend declared Wed, May 08 2024
Hero MotoCorp Q4FY24 profit grows 18% YoY to Rs Rs 1,016 cr Wed, May 08 2024