Sensex and Nifty may extend gains from Monday amid positive Asian cues. Speculation that the Biden administration may end some of the Trump-era tariffs on Chinese consumer goods fueled sentiment. Treasuries fell after reopening from vacation. Markets will take cues from the minutes of the US Fed meeting on Wednesday and the earnings session for the ongoing June quarter.
Ruckus in hospitals over GST on room rent
GST Council’s decision to levy 5% tax on hospital room rent is over 5,000 a day has decided hospitals on how to implement it as most offer treatment packages that already include room rent.
Besides, hospitals are also concerned about non-availability of input tax credit in this case as the cascading of embedded taxes would increase the cost of treatment of patients. ,full report,
Stocks to watch: HDFC, Tata Steel Long, Kotak Mahindra Bank, IndusInd Bank
TCS, Muthoot Finance, Tata Motors, Vedanta are some of the companies that will be Today in news.
Airlines scramble for cabin crew, pilots as talent war skyrockets
With the upcoming launch of Akasa Air, the return of Jet Airways under its new promoters and the Tata Group’s acquisition of Air India, the crowded skies in India have triggered a talent war like never before.
With new promoters and new entrants from the two major airlines all guns blazing for a perfect takeoff, incumbents vie for pay increases to retain their top pilots and cabin crew with bonuses and thwart poaching attempts. are doing. ,full report,
Gold inches down on rise in US bond yields
Gold fell slightly on Tuesday as US Treasury yields improved from one-month lows last week, reducing the appeal of non-yielding bullion, accumulating a stronger dollar. Spot gold was down 0.1% at $1,807.93 an ounce, while US gold futures rose 0.4% to $1,808.50.
rise in crude oil
Brent crude futures extended gains on Tuesday as a strike in Norway cut hopes of easing tight supply concerns, disrupting oil and gas production. Brent crude futures rose 82 cents, or 0.7%, to $114.32 a barrel after gaining 2.4% on Monday. US West Texas Intermediate crude climbed $2.58, or 2.4%, to $111.01 a barrel.
Asian markets, US futures rise
Asian stocks rose on Tuesday with US equity futures rising amid speculation the Biden administration may end some of the Trump-era tariffs on Chinese consumer goods. The treasury has plummeted after it reopened from the holiday.
An Asian stock index climbed for a second day, helped by Chinese tech stocks, while the S&P 500 and Nasdaq 100 contracts rose about 0.5% from Friday’s close. US markets were closed on Monday due to the Independence Day holiday.
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