India stocks lose gains as Modi flags tax collection concern


MUMBAI: India stocks fell, with the benchmark index erasing earlier gains, as the Prime Minister said more people should be paying tax.

The S&P BSE Sensex dropped 0.2% to 38,301.03 as of 1:06 pm in Mumbai, after rising as much as 0.4%. The NSE Nifty 50 Index declined 0.1%.

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