India stock rally falters over tax hike plan, governance doubts
TOKYO/MUMBAI -- Indian equities are losing ground this month as the government moves to cool down overheated retail betting on the stock market and international investors tap the brakes.
The benchmark Sensex closed at 78,886 on Thursday, down 1% from Wednesday. Though 9% higher than the end of 2023, the index has slid from a peak of 81,867 reached on Aug. 1.