Indian shares continued their record-breaking run as the Sensex closed above 66,000 and the Nifty surpassed 19,500. This was driven by US inflation in June rising at its slowest pace in over two years, leading to speculation that the Federal Reserve may end its rate-hiking cycle. Online gaming companies are waiting for details on the applicability of the Goods and Services Tax (GST) before deciding their next steps. The Securities and Exchange Board of India (SEBI) is asking IPO companies to remove director nomination rights provided to promoters and investor shareholders.
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