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IIFL, Religare gain as FM reduced STT

By IRIS

28th February 2013 03:18 PM

Religare and India Infoline climbed on Thursday after Finance Minister proposed reduction in Securities Transaction Tax (STT) in respect of certain transactions.

P Chidambaram noted STT has a stabilising effect on transactions and he proposed reductions in the rate of tax taking note of the changes and shifts in the market.

Religare Enterprises climbedthe most with rise of3.21% followed by India Infoline (1.72%).

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