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Stock market closed Today there was a huge decline in the market. For the first time since December 23, the Bank Nifty closed below 42,000.

Stock market closed: Nifty Bank fell 88 points to close at 42,733, 9 out of 12 shares of Nifty Bank closed in red mark and 3 in green mark.

There was volatility in the market today. Nifty Bank closed with gains today. Meanwhile, Nifty and Sensex went down half per cent

Government of India cuts windfall tax on crude oil and Aviation fuel to Rs 1900 per tonne. Thus, stocks like Reliance, ONGC, BPCL and IOC are likely to be in focus.....

Indian shares were lower in early trades on Tuesday, tracking other Asian stocks after hawkish comments from Federal Reserve officials against inflation.

WTI Crude oil fell for the second straight session of the New Year as demand concerns weighed. Crude fell more than 5.30 per cent as it ended the session near $73/bbl. In today’s early session crude is trading around a percent higher. The COVID-19 situation in China and its impact on demand from the world’s largest importer of oil is continuing to haunt the markets.

India has raised windfall tax on petroleum, crude oil and aviation turbine fuel, according to a government order dated January 2. Coal India ends three percent lower after company announces 19 percent minimum wage hike. HPCL rises while ONGC slips following a four percent fall seen in crude.

Shares of oil companies are in focus as government announces hike in windfall tax. It is expected to add 6,000 barrels of crude oil per day to the ONGC’s production in the coming days..

Shares of oil companies are in focus as government announces hike in windfall tax. It is expected to add 6,000 barrels of crude oil per day to ONGC’s production in the coming days.