Top four highlights of the Indian market last week

1. GST Council reduced the GST rate on electric vehicles from 12 per cent to five per cent and also reduced the applicable rate on electric chargers and hiring of Electrical Vehicles. This step would enhance the value offering of Electrical Vehicles. In the recent Budget, the government has already taken several steps to fast-track the adoption of electric mobility.

2. Government has amended bidding guidelines for wind power projects.

3. Brent Crude prices closed marginally higher at about US$63.3 per barrel as compared to previous week's close of US$63.1 per barrel.

4. Gold prices closed slightly lower at about $1414 per ounce as compared to last week's closing price of $1426 per ounce.

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