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Stock market

Stock market flattens after morning gains, midcaps, smallcaps shine

On the BSE Sensex, 13 of the 30 stocks ended in the red with TCS, Tech Mahindra, Maruti Suzuki India, Reliance Industries, and Titan were the top drags for the day. JSW Steel, Tata Steel, Power Grid Corp., Kotak Mahindra Bank, and UltraTech Cement, were the top gainers.

Not at all middle-class friendly

Under the new income tax regime, somebody who does not avail of the existing exemptions such as medical insurance or investment in the stock market or in house purchase are supposed to be taxed at lower rates.