Indian benchmark indices, including the Nifty which closed at 24,241, recovered from morning lows amid Middle East diplomacy discussions but closed lower. The decline was driven by private banking stocks like HDFC Bank and Axis Bank following their Q1 earnings, while ICICI Bank also posted its quarterly results. In parliament, the Finance Ministry stated there are no proposals to privatise public sector banks or eliminate the long-term capital gains (LTCG) tax on equities, noting a collection of 2.01 lakh crore rupees in FY25. In healthcare, India approved Takeda's Qdenga, the country's first dengue vaccine covering four strains without requiring prior testing. Concurrently, domestic pharmaceutical firms like Panacea Biotech are advancing phase three clinical trials for indigenous dengue vaccines. Furthermore, the government is developing a policy framework to introduce ethanol as a cooking fuel to decrease reliance on imported liquefied petroleum gas. Corporate earnings showed growth in technology and cement companies, while specialty chemicals and food stocks experienced upward movement in the markets.

#DengueVaccine #LTCGTax #EthanolCookingFuel #BusinessTodayShow #StockMarket #Sensex #Nifty #HDFCBank #ICICIBank #FinanceMinistry #PSUBanks #Qdenga #Takeda #PanaceaBiotech #IndianEconomy #DalalStreet #Q1Earnings #PharmaStocks #EthanolFuel #CookingFuel #MarketClosing #PrivateBanks #CorporateEarnings #TechStocks #CementIndustry #Infrastructure #Investment #BusinessNews #EconomicGrowth #EnergySecurity


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