Basant Maheshwari has called for a cut in income-taxes for better compliance.
The government mulling to sell a stake in BPCL to a foreign firm boosted oil stocks.
Fresh signs of a thaw in US-China trade war failed to impress investors back home.
The domestic stock settled a bit shy of its day’s high on account of losses in tech shares.
In the 30-pack Sensex, stocks belonging to the IT sector were the top Sensex drags.
Given the choppy market environment, analysts are recommending a stock-specific approach.
Sandip Sabharwal said withdrawal of long-term capital gains tax can make the market go up.
BSE Midcap rose 0.14 per cent while BSE Smallcap 0.29 per cent.
Stocks looked up on Wednesday, with both Sensex & Nifty bouncing to trade with mild gains.
Fears of economic slowdown sparked fears of further outflows by foreign institutional investors.
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