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DMS 1161: Stock Market News
Original: DMS 1161 - Stock Market News | #dailymoneyshow
Takeaway
World Bank upgraded India's growth outlook to 6.5%, and a Supreme Court STT double-taxation case could unlock further upside for equity investors.
Summary
- Sensex +1136 to 81,926; Nifty +30 to 25,108; expiry-day volatility but major banks gave positive business updates
- World Bank revised India FY26 GDP growth estimate up to 6.5% from 6.3%, calling India fastest-growing major economy with strong consumption; US 50% tariffs impact to land next year
- Supreme Court accepted petition challenging Securities Transaction Tax (STT) as double taxation alongside capital gains tax - asked Finance Minister to respond
- If STT is removed or LTCG eased, would be big relief for equity investors and could attract more retail inflows
- India-US trade deal stuck on US demand for full agriculture/dairy market access - India holding firm on protecting its sectors
STTWorld BankGDP
Original description
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