Indian shares continue to break records, with the Sensex closing above 66,000 and the Nifty surpassing 19,500 for the first time. This comes after US inflation in June rose at the slowest pace in over two years, suggesting the Federal Reserve could end its rate-hiking cycle. Online gaming companies are awaiting details on the applicability of the maximum 28% indirect tax imposed by the GST Council. The Securities and Exchange Board of India (Sebi) is also requesting companies planning IPOs to remove director nomination rights.
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