Sensex Today | Share Market Live Updates: Equity indices snapped a three-day winning streak and ended marginally down amid mixed global cues on Monday. At close, the Sensex was down 168.66 points or 0.24% at 71,315.09, and the Nifty was down 38 points or 0.18% at 21,418.70.
Stocks fell at the open in South Korea and Japan, but climbed in Australia. Japan’s Nippon Steel Corp fell more than 6% in early trading following its announcement that it would buy United States Steel Corp for $14.1 billion. The deal would create the world’s second-largest steel company — and the biggest outside of China — with a key role in supplying American manufacturers and automakers.
Meanwhile, US stock futures were little changed after Wall Street extended its relentless rally Monday. The S&P 500 and the Nasdaq clocked solid gains, while the Dow ended flat. The S&P 500 is now just 1.2% from its all-time closing high, which it hit in January 2022.
19 Dec 2023, 07:34:41 AM IST
Sensex Today Live: Govt cuts windfall profit tax on crude oil and diesel exports
The government has announced a significant reduction in the windfall profit tax applied to domestically produced crude oil and diesel exports, it said in a notification on December 18. The move sees a notable cut in the Special Additional Excise Duty (SAED) imposed on these commodities.
Effective today, the SAED on domestically produced crude oil is cut from ₹5,000 per tonne to ₹1,300 per tonne. Simultaneously, SAED on diesel exports has been scaled down from ₹1 per litre to ₹0.50 per litre. Read more.
19 Dec 2023, 07:30:40 AM IST
Sensex Today Live: GIFT Nifty indicates muted start
The GIFT Nifty is down 10 points from Nifty Futures’ Monday close, indicating a muted start for the Indian market.
19 Dec 2023, 07:30:40 AM IST
Sensex Today Live: Oil holds gains as Red Sea attacks cause panic among shippers
Oil traded near its highest close in two weeks as more companies shunned the Red Sea after a spike in vessel attacks along the key shipping conduit. West Texas Intermediate held above $72 a barrel after settling at its highest since 4 December. Brent crude traded near $78. Prices jumped as much as 4% on Monday after BP said it would pause all shipments through the waterway and Equinor ASA said it was diverting vessels away.
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Aniket Pujari is a passionate finance and technology enthusiast with a strong academic background in Financial Markets. Since 2015, he has been deeply immersed in the world of cryptocurrencies, blockchain technology, and global financial systems, building a wealth of knowledge and expertise in these rapidly evolving fields.
