Financial stocks powered up Indian blue-chip indices on Thursday, taking them to all-time highs. Short-term moving averages are expected to support the indices on any decline. Nifty formed a long bull candle on the daily chart. The MACD showed bearish signs on the counters of Vadilal Industries, Bharat Rasayan, Godrej Properties, Maithan Alloys, Mrs Bectors Food Specialities, Astral, and Ajanta Pharma.
India Business News: The Andhra Pradesh High Court has ruled that SEZ units are not exempt from compensation cess under GST. This decision may impact imports by SEZ units and could lead to GST demands. The industry may seek a retrospective exemption from GST compensation cess for imports by SEZ units.