INDIA'S BEST MARKET DAY IN 5 YEARS | THE SPOUSE PROPERTY TAX TRAP | THE RBI HOLDS THE LINE |

Good Morning, I'm Nelson John. Today, India had one of those rare mornings where every story broke in the same direction. The Sensex surged nearly 4 percent in its best single-day gain in five years, adding close to 17 lakh crore rupees in investor wealth. Crude oil crashed 14 percent. The RBI held rates steady at 5.25 percent, and Governor Sanjay Malhotra sent a quiet but important signal that low rates could be here for a while. The West Asia ceasefire has also opened a pathway for India's battered LPG supply chain to recover though experts caution it will take weeks, not days. And in today's personal finance story, we break down a tax trap that catches a lot of people off guard gifting property to your spouse. The gift is tax-free. The income it generates? That's a different story. All of this on today's Top of the Morning. Learn more about your ad choices. Visit megaphone.fm/adchoices