News Formal

Indian shares fall as Adani stocks hurt, insurers slip

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Indian shares declined on Thursday as the week-long rout in Adani Group stocks persisted, erasing $100 billion in market value, while insurers fell on a budget tax proposal that would dent the appeal of high-value life insurance policies.

were the top losers on Nifty 50, falling 7.6% and 3.6%, respectively, followed by HDFC Life , which lost 4.82%.tumbled 1% after the Indian government proposed a tax on the total returns upon maturity of life insurance policies issued on or after April 1, 2023, if the aggregate premium is more than 500,000 rupees a year.in line with an expected 25 basis points and said it had turned a key corner in the fight against high inflation.

Fed commentary hints at a soft landing for the world's largest economy, setting the stage for a 25bps rate hike by the Reserve Bank of India in its monetary policy meeting next week, two analysts said.rising 0.74%. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman, Eileen Soreng and Dhanya Ann Thoppil

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fall and rise nature of stock market.. Fake propaganda against Indian market.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indian shares fall as insurance companies drag; Adani Group stocks tumbleIndian shares reversed earlier gains to trade lower on Wednesday, led by a fall in insurance companies after the country's Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled.
Source: Reuters - 🏆 2. / 97 Read more »

Indian shares fall as Union budget drags insurance cos; Adani Group stocks tumbleIndian shares reversed earlier gains to close lower on Wednesday, led by a fall in insurance companies after the country's Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled.
Source: Reuters - 🏆 2. / 97 Read more »

Exclusive: Indian market regulator examining Adani share rout, source saysIndia's market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of the matter told Reuters on Wednesday.
Source: Reuters - 🏆 2. / 97 Read more »