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Ep-963 | Daily Money Show | Stock Market News Today
Takeaway
US shutdown averted brought market relief; clarify the used-vehicle GST applies to dealer margin only, not consumer resale losses.
Summary
- Sensex +498 to 78,540; Nifty +165 to 23,753; relief rally as US government spending bill passed Friday night avoiding shutdown.
- NSE confirmed live trading session on Feb 1 Saturday for Union Budget; 16 securities excluded from F&O from Feb 28.
- GST Council postponed health/life insurance premium GST exemption decision; gene therapy exempted from GST; food delivery platforms (Swiggy/Zomato) not taxed further — positive.
- 18% GST applies to dealer margin (not loss) on used vehicles — negative for CarTrade etc.; alarming data: 38% of young Indian deaths due to accidents, rest from cardiovascular/digestive diseases.
market updateGSTused vehicles
Original description
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