Sensex Today | Share Market Live Updates: Gift Nifty slightly up; Asia mixed
₹2,300 per tonne, effective Tuesday.For the past two weeks, the levy -- Special Additional Excise Duty (SAED) -- on domestic crude oil was at ₹1,300 per tonne.The ministry, through a notification, has brought down the additional excise duty on the export of diesel and aviation turbine fuel to zero.The increase in the windfall tax on the sale of locally produced crude oil comes at a time when the price of crude oil has largely been steady. On Friday, 29 December, the March contract of Brent on the Intercontinental Exchange closed at $77.49 per barrel, against $76.55 on 15 December.
It had risen to $81.07 on 26 December.Vodafone Idea, Vedanta, TVS Motor, Nestle India, LIC, SJVN, among others, will be in focus today.Balrampur Chini Mills and Hindustan Copper are F&O ban list for 2 January.The GIFT Nifty futures traded 20 points higher at 21,865, indicating a positive start for Indian benchmarks.Asian equities began the first trading day of the year with little momentum, after US stocks retreated from near all-time highs last week in a blip for a market notching its longest weekly advance since 2004.Australian benchmark ticked slightly higher, while Japan is closed for holidays. Chinese shares were set to edge higher and contracts for US shares were muted.Hong Kong stocks rose at the open Tuesday as investors returned for a new year hoping for a better run than 2023, with eyes on the Federal Reserve after it said it would cut interest rates in the months ahead.The Hang Seng Index added 0.51%.The Shanghai Composite Index dipped 0.07%, and the Shenzhen Composite Index on China's second exchange edged up 0.06%.
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