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Indian indices dropped sharply, with the Sensex falling 1,235 points and Nifty below 23,100. Zomato, Dixon Technologies, and Kolte-Patil Developers were major movers amid broader market losses.

Simplifying the GST regime by reducing tax slabs is vital, given indirect taxes account for 60% of total receipts. This will ease the tax burden, boosting disposable incomes. Additionally, resolving double taxation on dividends—either by making it tax-deductible for companies or reverting to previous practices—will offer relief to investors and promote better tax compliance.

Investors should be cautious when noticing behaviors like sudden surges in investor meetings, regular adjustments in earnings, or extravagant management spending. Additional red flags include inexperienced board members, high non-audit fees, overly active CEOs on social media, and frequent departures of key financial executives. These indicators suggest potential governance issues and warrant careful attention.

The FY26 Union Budget is expected to prioritize railways, defense, automotive, and renewable energy with reforms promoting growth, employment, and sustainability, including incentives for electric vehicles, affordable housing, and infrastructure to advance economic resilience and carbon neutrality.

JPMorgan’s Jahangir Aziz warns of global implications from US policy shifts under Trump, including tariffs, immigration, and deregulation. Potential trade wars and economic uncertainty could disrupt global growth, impact markets, and influence the US dollar’s trajectory.

A short buildup happens when open interest and trading volumes increase while the stock price declines in the Futures and Options segment.

IndiaMart Q3 Results: Sequentially, the company’s revenue increased by 1.6% to Rs 337 crore from Rs 332 crore in Q2FY25, while profit after tax fell by 1.6% from Rs 127 crore. Total expenses dropped to Rs 199 crore in Q3FY25, compared to Rs 218 crore in Q2FY25 and Rs 211 crore in Q3FY24, including employee benefits, finance costs, and other expenses.

Nifty and NSE 500 have returned to May 2024 levels. The swearing-in of new US President Donald Trump has introduced policy and geopolitical uncertainties, fueling recent market volatility. Short-term dynamics remain unpredictable, with various factors pushing and pulling the market in different directions, leaving investors bracing for potential swings in the coming weeks.

Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Sebi to raise 1,000 crore through an initial public offering (IPO).