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Indian markets open in positive way


Indian markets open in positive way

Mumbai, Sep 02 (ANI): India's stock markets ground out marginal gains on Wednesday (September 02) after the government decided to exempt foreign investors from the controversial minimum alternate tax (MAT) but the gains were capped by weak Asian markets that fell on worries over slowing global growth. Finance Minister Arun Jaitley had said on Tuesday (September 01) the government had accepted the recommendations of a panel set up to examine the issue of exempting FIIs from MAT claims prior to April 01.

Market expert Sunil Shah said the market needs a trigger which can be interest rates or a big police measure like the land bill or Goods and Services Tax. Indian stocks were somewhat weighed down by Asian markets, which fell for a third straight day on Wednesday as weak manufacturing data from China, the United States and Europe fuelled worries about slowing global growth.

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