- The Sensex index notched up its biggest single-session rally in about three weeks, climbing 1.6%, after Finance Minister Arun Jaitley underlined the need to have globally compatible tax rates to broad-base the economy.
- He has also gone to great lengths to allay market fears that the government would impose tax on long-term capital gains on share earnings.
- Previously: Modi hints at higher tax from the stock market (Dec. 26 2016)
- ETFs: EPI, INDY, SCIF, INDA, INDL, PIN, INP, INXX, IIF, INCO, INR, SCIN, ICN, SMIN