Post Sensex: Sensex ends flat as investors digest GST Bill; Nifty settles above 8,550
04/08/2016 16:17
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Snapping four-day losing streak, the Indian equity benchmarks ended higher with marginal gain on Thursday, helped by buying in realty, metal, auto, healthcare, metal, power and capital goods sectors. The market sentiment got a lift from the clearance of the long pending GST bill in the Rajya Sabha, while firm global cues also injected positivity in the market.
The historic bill was cleared by the upper house of Parliament on Wednesday by a 203-0 vote, with no party opposing the constitutional amendment. The bill which seeks to transform India into a single market will help make Asia’s third biggest economy more efficient by abolishing multiple taxes. Now, 50 per cent of states will have to approve the GST legislation while the Modi government must reach a consensus on the GST rate.
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 374.05,+4.60%), Tata Motors Ltd. (Rs. 500.30,+4.41%), Bharti Airtel Ltd. (Rs. 365.25,+2.18%), Adani Ports & Special Economic Zone Ltd. (Rs. 227.90,+2.06%), Hero MotoCorp Ltd. (Rs. 3295.00,+1.79%), among others.
Meanwhile, Asian Paints Ltd. (Rs. 1123.00,-1.78%), Lupin Ltd. (Rs. 1657.50,-1.32%), Infosys Ltd. (Rs. 1072.15,-1.18%), Coal India Ltd. (Rs. 323.75,-0.75%), Mahindra & Mahindra Ltd. (Rs. 1436.65,-0.74%), were among top losers on BSE.
On the sectoral front, realty and metal stocks emerged as top gainers, adding as much as 2.25 per cent and 1.53 per cent, respectively.
On the global front, most of the Asian shares ended higher with modest gain as traders turned cautious ahead of Friday’s US jobs data which may offer some cues over the timing of the next US Fed interest rate hike. China’s Shanghai Composite ended marginally up, while Hang Seng and Japan’s Nikkei 225 also settled in positive terrain ahead of the Bank of England's monetary policy decision.
04/08/2016 16:17
Click Here & Register To Get 2 days Trial Tips
For Free Tips : Join Our Whatsapp No : 9841986753
Snapping four-day losing streak, the Indian equity benchmarks ended higher with marginal gain on Thursday, helped by buying in realty, metal, auto, healthcare, metal, power and capital goods sectors. The market sentiment got a lift from the clearance of the long pending GST bill in the Rajya Sabha, while firm global cues also injected positivity in the market.
The historic bill was cleared by the upper house of Parliament on Wednesday by a 203-0 vote, with no party opposing the constitutional amendment. The bill which seeks to transform India into a single market will help make Asia’s third biggest economy more efficient by abolishing multiple taxes. Now, 50 per cent of states will have to approve the GST legislation while the Modi government must reach a consensus on the GST rate.
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 374.05,+4.60%), Tata Motors Ltd. (Rs. 500.30,+4.41%), Bharti Airtel Ltd. (Rs. 365.25,+2.18%), Adani Ports & Special Economic Zone Ltd. (Rs. 227.90,+2.06%), Hero MotoCorp Ltd. (Rs. 3295.00,+1.79%), among others.
Meanwhile, Asian Paints Ltd. (Rs. 1123.00,-1.78%), Lupin Ltd. (Rs. 1657.50,-1.32%), Infosys Ltd. (Rs. 1072.15,-1.18%), Coal India Ltd. (Rs. 323.75,-0.75%), Mahindra & Mahindra Ltd. (Rs. 1436.65,-0.74%), were among top losers on BSE.
On the sectoral front, realty and metal stocks emerged as top gainers, adding as much as 2.25 per cent and 1.53 per cent, respectively.
On the global front, most of the Asian shares ended higher with modest gain as traders turned cautious ahead of Friday’s US jobs data which may offer some cues over the timing of the next US Fed interest rate hike. China’s Shanghai Composite ended marginally up, while Hang Seng and Japan’s Nikkei 225 also settled in positive terrain ahead of the Bank of England's monetary policy decision.
