Equity benchmark indices closed lower for the second consecutive session Thursday as the Nifty failed to hold 10,500 levels on the last day of F&O contract’s expiry. Investors also looked cautious due to rising crude oil prices and SEBI board members meeting. Indices were in sideways movement but individual stocks continue to outperform. Market breath was positive as about 1,464 shares advanced against 1,293 declining shares. Sensex was down 63.78 points at 33848.03 and Nifty future was 20.90 points down at 10479.30 due to profit booking in the later part of the day. » Read more
Equity benchmark indices open again on flat note today due to Christmas vacation around the world. Equity indices traded again on flattish move for most of the day but intense selling in the final one and a half hour of the day force indices to close in red, mainly due to finance minister says government may take loans more than budget target and government will soon release financial status of debt. Sensex was down 98.80 points at 33911.81 and Nifty future was 34.40 points down at 10491.55. » Read more
As per expectations Equity benchmark indices open on flat note today due to Christmas vacation around the world. Equity indices traded on flattish move for most of the day but intense buying in the final hour of the day made the indices close on a record high, open interest is also playing vital role as on Friday open interest in Nifty and Bank nifty future has increased by 6.59% and 7.50%. Sensex closes 70.31 up points at 34010.61 and Nifty future closes 24.70 points up at 10530.15. » Read more
Equity benchmark indices open again on flat note today but market was in different mood as market was in bullish trend throughout the day tracking positive Asian markets and backed by Oil, Technology & Financial stocks, broader market also participated in the rally and both ended at fresh record high. Sensex was up by 184.02 points at 33940.30 and Nifty future was up by 43.00 at 10505.45.
All sectoral indices were positive today except Metal sector which closed with a marginal loss of 0.01%.Sectors that outperformed today were Technology, Banking, Oil and Finance. » Read more
Equity benchmark indices opened flat today tracking mixed global cues and no major directional movement along with low volumes seen today but Nifty Midcap closed at record high, up for 6th consecutive session. Sensex was down by 21.10 points at 33756.28 and Nifty future was down by 7.70 at 10462.45. » Read more
Equity benchmark indices opened on positive note and both Nifty future and Bank nifty future trading just above its 25 days simple moving average. Market was in bullish trend throughout the day and in the last one and a half hour market gained some momentum to close Nifty future 67.80 points up at 10472.15. The Sensex was up by 235.06 points at 33836.74.
The market breadth was positive as 1,862 shares advanced against a decline of 803 shares, while 160 shares were unchanged. » Read more
Equity benchmark indices opened on negative note as Nifty future open nearly 160 points down on Monday trade mainly due to voting counts indicated that BJP is leading in both states (Gujarat and Himachal Pradesh) but with small margin. After early fall in the market, it is U- turn for the equity benchmark indices as Bank Nifty future recovered 1700 points and Nifty future recovered nearly 360 points within an hour from day low and as vote counts indicated the BJP is set to win Gujarat and Himachal Pradesh after that market moved in sideways movement.. » Read more
NIFTY FUTURE UP 13.90 @ 10423.25
BANK NIFTY FUTURE UP 109.50 @ 25951.95
SENSEX UP 54.85 @ 33734.09
INR @ 64.58
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This is the GST end game:-
This week the long-awaited Goods and Services Tax (GST) Bill is to be introduced to the Rajya Sabha and Q1 results continue to come in. Next Tuesday, Raghuram Rajan will chair his last policy review at the Reserve Bank of India. That will end the series of major central bank meetings after Brexit. This is the GST end game: Either it passes now or it is effectively shelved until the next general elections. Obviously, there will be a strong rally if GST does go through the Rajya Sabha and there appears to be little reason for it held up any more.
GST countdown begins; 18% rate to hit Ashok Leyland, Bharti Airtel, Parag Milk Foods among others
Telecom, banks, pharmaceuticals, services and consumer discretionary-related may face some heat with the passage of Goods and Services Tax (GST) as the current tax rate may go up to 18 per cent from 15 per cent if the indirect tax bill is passed. According to market experts, telecom companies such as Bharti Airtel, Idea Cellular and Reliance Communications may see marginal dip in consumption after the rise in tax rates.
Quick service restaurants such as Jubilant FoodWorks, Coffee Day Enterprises and Westlife Developments may also come under pressure if GST Bill is implemented. According to Chandan Taparia, analyst, Anand Rathi Financial Services, “Jubilant FoodWorks, Coffee Day Enterprises and other restaurant business will suffer with the passage of GST.”
GST Bill has been dominating news space ever since the monsoon session of Parliament began on July 18, impacting the movement of stocks in various sector, including logistics. For More Live Indian Stock Market Visit Now :- www.marketmagnify.com/freetrial.php or Just Missed Call @7879881122