India's Sensex Declines After Budget Proposes Tax on Stock Gains
Oxford Economics' Kishore Says India Recovery to Gather Steam in 2018
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India’s benchmark equity index dropped for a third day as the government proposed to revive a tax on equity investments 14 years after it was scrapped to offset revenue losses.
The S&P BSE Sensex fell 0.2 percent to 35,906.66 in Mumbai, after its best January gain since 2015. Twelve of 19 sectoral sub-indexes compiled by BSE Ltd. declined led by a gauge of consumer goods companies. Oil & Natural Gas Corp Ltd. and Sun Pharmaceutical Industries Ltd. were the worst performers on the benchmark index.