Here is a quick wrap of today's Indian market session and the day's key developments, compiled from leading business news sources.
Key points
- Indian shares surged on Monday, with the Sensex rising 1,233 points and the Nifty ending above 23,400, supported by falling oil prices and strong earnings from Reliance Industries. [1]
- India's manufacturing growth slowed in October as the HSBC Manufacturing PMI fell to 54.7 from 55.1 in September, while export orders rose at their fastest pace in six months. [2]
- Foreign Institutional Investors divested nearly ₹3 lakh crore in Indian equities this year, leading to a reduction in their stakes across about half of the Nifty stocks. [3]
Top headlines
- How are equity investments taxed in India? A guide to capital gains tax — Economic Times, 02 Nov, 14:15 IST
- Sebi backs removal of LTCG tax for foreign investors: Report — Economic Times, 02 Nov, 12:10 IST
- India bonds surge as oil cools on US-Iran deal hopes — Economic Times, 02 Nov, 11:52 IST
- Gold price prediction today: Gold down for 3rd consecutive day. Check outlook for November 2 — Economic Times, 02 Nov, 10:40 IST
- Explained: Why gold investors should tone down expectations as yellow metal plunges to a 1-year low — Economic Times, 02 Nov, 13:01 IST
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This brief was prepared with AI assistance from publicly available news headlines; numbers in [brackets] link to the original articles. It is for information only and is not investment advice or a recommendation. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Sahare Wealth, AMFI-registered Mutual Fund Distributor, ARN-151469.