Thursday, 4 August 2016

Impact of GST in Stock Market

LIVE: GST push! Sensex Rises Over 200 Points in Opening Trade, Nifty above 8,590; Auto Stocks up  

9.31 am: Benchmark indices wiped off opening gains. Sensex was trading 36.06 points down at 27661.45. Nifty was down marginally 0.75 points at 8544.10. In the Nifty 50 pack, Tata Motors, Tata Motors DVR, Sun Pharma, ONGC and Hero MotoCorp was up between 1.16 per cent and 2.84 per cent. On the other hand, Bharti Infratel, Bharti Airtel, Lupin, IndusInd Bank and ICICI Bank were down between 0.86 per cent and 1.69 per cent.  

9.15 am: Sensex opened 202.37 points, or 0.73 per cent up at 27899.88. Nifty was trading 55.10 points, or 0.64 per cent, up at 8,599.95. Auto stocks such as Tata Motors, Hero MotoCorp, Bajaj Auto and Maruti Suzuki were trading higher in the opening trade.  

8.12 am: The BSE Sensex and NSE Nifty are set to open higher on Thursday as the Rajya Sabha approved the much-awaited GST Bill on Wednesday. SGX Nifty was trading 34.50 points up at 8,619 in the morning trade, indicated a positive start of domestic equity markets. According to market experts, the passage of GST will boost country’s GDP by 1.5-2 per cent in coming years.  


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The benchmark Sensex closed 284 points down at 27697.51, while Nifty settled below 8,600-mark on Wednesday. After the passage of GST Bill, stocks of logistics, FMCG (excluding cigarettes and Jewellery), auto, cement, light electricals, multiplexes and retail will remain in focus today.

2 comments:

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  2. Asian markets are a mixed bag where Japan’s Nikkei 225 is down 0.18% at 19519. Hong Kong’s Hang Seng is marginally up with 0.22% gains and China’s Shanghai Composite is flat.capitalstars

    ReplyDelete