Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
October 18, Thursday 2018 1:27 AM       

       HEADLINES: Nation going to witness protests of Ayyappa devotees, Rahul Easwar tells Arnab Goswami                                              ‘Cyber bullies should be purified’, says Saradakkutti                                              Women should not destroy rituals, says Ali Akbar                                              Police dept prepares List of women-officers to be deployed at Sabarimala                                              Navarathri festival begins at Pathmanabhapuram palace                                              Bar demands lifting ban on lawyers' strike, but CJI unimpressed                                              Sharad Pawar won't contest 2019 polls: NCP                                              Khaleda Zia admitted to specialised state-run hospital                                              India beat West Indies by innings and 272 runs                                              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
IndiGo announces flights to Male, Phuket  
RBI maintains status quo; warns volatile oil prices pose risk to inflation  
Chanda Kochhar resigns from ICICI Bank  
Mukesh Ambani emerges richest Indian for 11th consecutive year: Forbes  
Prabhu to chair inter-ministerial meet on rupee, trade deficit tomorrow  
Jaitley defends loan write-offs; says they don't lead to waiver, recovery still pursued  
Air India to sell 14 properties; eyes Rs 250 cr  
Betting on premiumisation, Godrej Locks eyes Rs 10 billion revenue by FY22  
Uttarakhand receives investment proposals worth Rs 74K cr  
Trade war will help India emerge as bigger trading, manufacturing base: Jaitley  
RBI eases cash reserve rules to ease liquidity  
Gold climbs Rs 175 on global cues, jewellers' buying  
India's economy continues on robust growth path: ADB  
Sensex, Nifty turn choppy ahead of US Fed policy outcome  
Jaitley asks PSU banks to take effective action against frauds, wilful defaults  
New MD-cum-CEO for Indian Bank  
New MD-cum-CEO for Indian Bank  
India may cut oil imports to mitigate pain from high oil prices, dip in rupee  
Gold rises marginally as traders widen bets  
Fed rate decision, rupee, crude oil to drive markets this week: Experts  
"RBI unlikely to hike repo rate in Oct despite weak INR"  
OYO to hire over 2,000 tech experts, engineers by 2020  
Sensex ends in red after 1,000-pt flash crash  
OYO to hire over 2,000 tech experts, engineers by 2020  
Avis India announces free doorstep delivery, collection of self-drive cars  
 
Do you think Sabarimala protests have embarrassed the State government?
yes
 
no
 
don't know
 
 
 
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