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#347 Daily Money Show | Money Purse Stock Market News

Original: # 347 Daily Money Show | Money Purse Stock Market News

54.3K views · Jul 01, 2022 · 11:39 min · Watch on YouTube ↗
Takeaway

Government imposed windfall gains tax of Rs.13/litre on domestic crude oil producers; market closed slightly lower.

Summary

  • Sensex closed 52,907 (-111 points); Nifty 15,752 (-28 points); midcap +0.48%.
  • Government of India announced windfall gains tax: Rs.13/litre tax on domestically produced crude oil affecting oil companies.
  • Additional tariffs and tax considerations covered.
  • Brief market overview with no major sector-specific commentary captured.
windfall-taxoilmarket-news
Original description
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