World stock market, sensex, and stock price
Do you think the world stock market affects the Indian market as well? Of course, yes! The volatility witnessed for the past several months is all because of mixed after effects related to inflation, rising interest rates in the country and poor performances of few countries in the world stock market. Today sensex in the afternoon (20th June) trade fell as much as 3.1 percent owing to the government reviewing a tax treaty with Mauritius, triggering jitters foreign inflows could take a hit. As per data from the Securities and Exchange Board of India, ever since India opened the door to foreign institutional investors in 1992, overseas accumulated funds hold more than 0 billion of Indian shares. A large fraction of foreign investment in the Indian stock market comes through companies registered in Mauritius. Under a Double Taxation Avoidance Agreement with Mauritius, these companies are exempted from tax in India. With the signing of the treaty foreign investments
