Markets rebound lift cash turnover, derivatives activity slips on tax hike

Mumbai: India's stock market activity in April presented a contrasting picture, as strong gains in equities boosted cash market trading, while higher taxes and regulatory tightening weighed on derivatives volumes. Cash market turnover rose 7 per cent during the month, supported by a sharp rebound in equities after the steep correction seen in March. Benchmark indices staged their strongest monthly…

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