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Market To Trade With Positive Bais On GST

Yesterday, Indian Benchmark Index Nifty opened gap-up by 28 points at 9128, the index made high of 9153 after FM begin debate on GST in Lok sabha which is highly expected to roll-out from 1st July 2017. Nifty closed at 9144. Arun Jaitley Commented on GST that • GST bill is expected to get passed in parliament on 12th April and impose taxes from 1st July. • The Tax will include tax slab of 5, 12, 18 and 28. Maximum capping to the structure is 40% to cater financial emergency. • Finance Minister expects to meet again on 31st March to approve the item in each category.

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Bank Nifty index made new all time high of 21419 and closed at 21391. SBI was up by 2.34%, Kotak Mahindra Bank was up by 0.35%, ICICI Bank was up by 1.91% and HDFC Bank zoomed 0.66%. Federal Bank, Indusind Bank and Yes Bank made new 52 week high today.

• Small Cap Index is trading in a range of 90 points from 6800 to 6890 from last 5 trading sessions. The index today made a high of 6890 and closed at 6876.

Nifty Future is opening at 9195 as per SGX Nifty at 8:00 am IST, 12 point above its previous close of 9183.35.

Market To Trade With Positive Bais On GST Market To Trade With Positive Bais On GST Reviewed by Ripples Advisory on March 30, 2017 Rating: 5

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