The Indian stock market witnessed a remarkable rally, with the Sensex climbing over 1,000 points and the Nifty hitting new highs. This positive trend is fuelled
by anticipation of GST reforms. Read on for more updates!
Market's Bull Run
The Sensex surged, gaining over 1,000 points, and the Nifty reached 24,953. This strong performance reflects positive investor sentiment, likely influenced by discussions surrounding proposed Goods and Services Tax (GST) reforms. The market's upward trajectory is a welcome sign for investors, reflecting economic optimism in India. This is indeed a 'Shubh Arambh' moment.
GST Reform Impacts
Proposed changes in GST are potentially impacting several sectors, including online gaming. The potential for a 40% GST on online gaming is currently being discussed. This move could significantly affect the industry. Any changes could impact how digital entertainment is consumed and taxed within the Indian market.
Global Business News
Google agreed to pay a $36 million fine due to anti-competitive deals with Australian telecom companies. Simultaneously, the EU's focus on digital rule protection is delaying a trade statement with the US. These developments highlight the dynamic shifts happening within international business and trade relationships.
Other Key Headlines
Beyond the market, news included discussions about the Trump-Zelenskyy meeting, and Delhi University's deadline for patent course registration. Also, the box office collection updates of 'War 2' and Rajinikanth's 'Coolie' are also trending. Several events continue to shape the Indian and global landscape, keeping audiences engaged.
