These five factors may decide the way of Indian share markets
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These five factors may decide the way of Indian share markets

These five factors may decide the way of Indian share marketsThese five factors may change the way Indian share markets this week.

  1. The Ministry of Road Transport and Highways in a draft notification has proposed to waive registration and re-registration fees for all-electric vehicles. In addition, the GST Council in its upcoming meeting could take a decision on lowering GST rate on electric vehicles.
  2. The Reserve Bank of India expert committee has recommended doubling the cap on collateral-free loans under the Mudra scheme given to micro, small and medium enterprises to 10 lakh from 20 lakh of current.
  3. Government is considering buying 10 more P-8I aircraft for surveillance, reconnaissance and anti-submarine operations in addition to the eight it contracted earlier for the Navy. The P-8I aircraft is a variant of the P-8A Poseidon aircraft.
  4. Brent Crude prices closed higher at about US$64.3 per barrel as compared to previous week’s close of US$61.6 per barrel.
  5. Gold prices closed higher at about $1409 per ounce as compared to last week’s closing price of $1353 per ounce.
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