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Reliance earnings, lower oil prices power India's Sensex to near two-month high
Indian shares closed higher on Monday as strong Reliance Industries earnings, falling oil prices and hopes of tax breaks on equity investments lifted the BSE Sensex to a nearly two-month high, analysts and fund managers said. Reuters reported citing sources that India’s markets regulator has recommended removal of long-term capital gains tax for foreign investors and for domestic mutual fund investors if they are selling existing mutual funds to invest in new ones. The Nifty 50 added 1.68% to 23,440.8, and the BSE Sensex rose 1.66% to 75,692.78. They have risen 3.3% in three sessions. Reliance...
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