Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
November 22, Wednesday 2017 9:14 AM       

       HEADLINES: Purchasing laptop under IT@school: Laptop price reduced by Rs 455                                              One arrested in connection with attack on Mayor                                              There was no pressure: Justice P S Antony                                              Clashes in Munnar hartal, CPI not participating                                              ‘Honey trap’ case against A K Saseendran: Commission submits report                                              ‘Padmavati’ row: Kamal wants Deepika’s head 'saved'                                              Indian Army breaks world record with 58 men on single bike                                              IFFI 2017: Sridevi inaugurates Indian Panorama                                              Finally, Robert Mugabe resigns                                              Kohli climbs to fifth spot in Test rankings                                              Sindhu leads India's challenge at Hong Kong Open                                              India vs SL: Bhuvi, Dhawan released from team                                              Kaumudi Facebook
       BUSINESS Next Article: Note ban, GST have broken textile hub Surat's legs: Rahul  
       Sensex holds up ahead of GST Council decision
 
         Posted on :18:15:02 Nov 9, 2017
   
A A
       Last edited on:18:15:02 Nov 9, 2017
         Tags: Sensex holds up ahead of GST Council decision
 

MUMBAI: Stocks got back to consolidation mode in a see-saw session Thursday as the Sensex closed high after two sessions of fall, ahead of the outcome of the GST Council meet amid a good set of earnings from Tata Motors.

Expectations that the GST (Goods and Services Tax) Council may offer relief to some sectors through reduction in tax rates at its meeting on Friday supported the rebound, traders said.

The 30-share Sensex, which had lost 512.38 points in the previous two sessions, edged up 32.12 points, or 0.10 per cent, to close at 33,250.93 after trading between 33,463.80 and 33,111.54.

During the day, the benchmark swung almost 350 points (both sides).

The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95. Intra-day, it touched a high of 10,368.45 and a low of 10,266.95.

"Renewed buying in consumer durables restricted further fall in the market on expectations of reducing taxes for products coming under 28 per cent GST tax bracket. Albeit, investors are watchful ahead of key domestic macros CPI inflation and IIP data and global oil price fluctuation to get the direction," said Vinod Nair, Head of Research, Geojit Financial Services.

Bharti Airtel was the topper surging 2.39 per cent to Rs. 507, followed by Asian Paints (2.08 per cent) at Rs. 1,195.25.

Tata Motors ended up 0.36 per cent at Rs. 440.30 after the company today reported a three-fold jump in consolidated profit for the quarter to September.

Asian markets were indecisive and European shares turned lower.

Domestic institutional investors (DIIs) purchased shares worth a net Rs. 3,038.16 crore while foreign portfolio investors (FPIs) sold equities worth a net Rs. 3,838.27 crore yesterday, provisional data from stock exchanges showed.

ICICI Bank, Tata Steel, Reliance Industries, Hindustan Unilever, SBI, NTPC, Dr Reddy's, Adani Ports, Bajaj Auto, Wipro, Infosys and TCS posted moderate to modest gains.

However, ITC, Coal India, ONGC, Lupin, HDFC, Cipla, Axis Bank, Hero MotoCorp and Kotak Bank remained under pressure, down up to 2 per cent.

While consumer durables advanced the most by 3.23 per cent, followed by power, banking, metal and capital goods, healthcare, auto and FMCG ended in the red.

Broader markets put up somewhat a better show, with BSE mid-cap and small-cap indices jumping up to 0.98 per cent.

A A
       BUSINESS
Next Article: Note ban, GST have broken textile hub Surat's legs: Rahul
 
 
BUSINESS HEADLINES
43.67 lakh biz file initial GST returns for October  
India advances three spots to 51 on IMD World Talent Ranking  
Sensex stays up for 4th day, spurred by RIL  
Sensex, Nifty end higher for 3rd day in volatile trade  
7.5-8 pct GDP growth expected this year: NITI Aayog VC  
Sensex loses sheen, IT, metal stocks weigh  
Chances of confirmation of wait list tickets during holidays now high: study  
Govt seeks Rs. 13,000-cr surplus from RBI  
HC judges, experts brainstorm on likely GST litigations  
Manmohan Singh corners Centre over GST  
Congress raises questions over Moody's reliability  
Nothing to celebrate Moody's rating: Yechury  
Moody's rating is answer to sceptics: Arun Jaitley  
Moody's ups India credit rating  
Sensex zooms 414 points after Moody's ups India rating  
Industry pitches for bringing natural gas under GST  
Cabinet permits export of all types of pulses  
Sensex opens in green on value-buying, climbs 164 points  
US dollar ends cheaper against rupee  
Indian companies create 113 K jobs in US: Report  
Largest diamond ever auctioned sold for record $34 mn in Geneva  
Wholesale inflation caps six-month high at 3.59pct for Oct  
SBI reduces employee strength; more people set to retire  
Sensex trades high, takes retail inflation in stride  
Foreign tourist arrivals up by 18.1 pct this Oct  
 
Do you think media was banned at CM's office on Tuesday?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy