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​The challenge to the markets has got nothing to do with the budget. The challenge to the market is that there is very elevated investor sentiment and valuations are not cheap across the board.

​The nine chapters that she has mentioned, I know for some reason that serious work has been done about each of them and some places they have said, yes, this is under review, like income tax act or GST, etc, and so there is a whole big plan which was being hatched in the previous government and that is continued here.

Asian equities fall as tech giants post underwhelming earnings. Taipei stock market closes due to typhoon. Concerns over US election impact on market. Investors cautious amid economic troubles and geopolitical risks in China and Japan. Big Tech faces tough comparisons with previous stellar earnings cycles.

Equity markets react to capital gains tax hike but recover losses. Focus on L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer for news developments and earnings. Companies like Bajaj Finance and ICICI Pru Life report positive profit growth. South Indian Bank plans fund raising, while Torrent Pharma and Tata Consumer announce financial results.

Shares of Bharat Petroleum Corporation (BPCL) today ended at Rs 306 on the NSE, down by Rs 2.25 or 0.73% over the previous closing price. Meanwhile, Hindustan Petroleum Corporation (HPCL) shares settled at Rs 345 falling by 0.5%. Indian Oil Corporation (IOC) was the top loser falling 1.4% to close the session at Rs 165.85.

Aashish Somaiyaa, CEO of WhiteOak Capital Asset Management, criticised the decision to tax share buybacks, describing it as a "double tax" on investors. He expressed surprise at the rationalisation of the capital gains structure, highlighting that various measures would now increase the tax burden for investors, especially those with long-term investments across different asset classes.

ICICI Prudential Life Insurance Company on Tuesday reported a standalone net profit of Rs 225 crore for the quarter ended June 30, 2024, which was up by nearly 9% over Rs 207 crore reported by the company in the year ago period.

The company also saw its value of new business (VNB) grow by 8% year-on-year during the quarter. The total annualized premium equivalent (APE) surged by 34.4% to Rs. 1,963 crore, up from Rs. 1,461 crore in the corresponding quarter of the previous year.

IRDAI emphasised that Saluja’s dual role as executive chairperson of Religare Enterprises does not exempt her from regulatory compliance. The issuance of stock options to her breached the IRDA Act of 1999 and related guidelines, the regulator stated.