Shares fell for a fifth straight session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares slumped, while worries remained that the Reserve Bank of India would turn more hawkish at its policy meeting later this week, Reuters reported. Investors remained concerned that the government widened its fiscal deficit target for the year starting in April to help finance higher spending in rural sectors and healthcare. The government also imposed a 10% LTCG tax for equity investments of more than one year. Investors will also keep an eye on the Reserve Bank of India’s interest rate decision on 7 February. Here are the latest updates from the markets:
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