U.S. Stocks, Dollar Fall as Tax Debate Heats Up

Gold Silver Reports – U.S. equities slumped, with small caps leading losses, and the dollar erased a gain as concern mounted that the Republican tax overhaul package may struggle to pass the Senate.

All major U.S. equity gauges were lower. The S&P 500 Index dropped in afternoon trading after Republican Senator Marco Rubio’s spokeswoman said he told Senate leaders he’ll oppose tax legislation unless they agree to a larger child tax credit. Republicans can only afford to lose two votes and still guarantee passage.

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Sensex, Nifty Close Lower as RBI Decision Awaited

Reserve Bank

Gold Silver Reports – The BSE Sensex and NSE Nifty closed marginally lower on Tuesday as traders are cautious ahead of the Reserve Bank of India’s policy decision on Wednesday. The Nifty PSU Bank rose 1.37% led by SBI, which was up 2.17%. On the losing side, the BSE Power fell 1.06%. SBI, Bharti Airtel and Reliance Industries were the top gainers, while Hero MotoCorp, Wipro and Tata Steel were among the major losers.

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What is Reliance Jio’s Share of the Telecom Market?

Telecom Market

Gold Silver Reports – What is Reliance Jio’s Share of the Telecom Market? – Telecom Regulatory Authority of India’s financial data report for the September quarter gives a glimpse of how much share Reliance Jio Infocomm Ltd has captured just a year after it started operations.

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