Indian equities remain in red terrain in morning deals
India, Sept. 17 -- Indian equity benchmarks remained in red terrain in morning deals, tracking the losses in their Asian peers. Traders remained cautious with private report stated that India's GDP is likely to contract by 8.6 percent in FY21 as against its earlier prediction of 5.8 percent, citing factors including the modest government response to the crisis for its estimate. Some concern also came with a report that total tax collection of the Centre, including advance tax collection for the second quarter, fell 22.5% to Rs 2,53,532.3 crore till September 15 of the current fiscal as compared to the year-ago period. However, further losses got restricted as some optimism remained among traders with RBI Governor Shaktikanta Das assured the...
To read the full article or to get the complete feed from this publication, please Contact Us