MARKET WRAP UP The Sensex and Nifty jumped over one per cent on Friday and were headed for their second session of gains, led by energy stocks, including Reliance Industries Ltd, as oil prices extended their rally. Domestic sentiment was also buoyed on continued buying by investors ahead of IIP and inflation data scheduled to be released later in the day. US stocks closed at record highs on Thursday as surging oil prices and strong earnings buoyed investor sentiment, giving a boost to Asian markets. Dealers said widening of positions by participants ahead of key economic data —— industrial production (IIP) for June and consumer price index (CPI) for July —— to be released after market closing today also added to the upbeat investor sentiment. At 3.05 pm, the Sensex was up 315.38 points or 1.13 per cent at 28,174.98 while the NSE Nifty was up 85.7 points or 1.00 per cent at 8,677.85. Sentiment also got a boost as foreign investors continued to buy Indian shares for a...
Yesterday, Indian Benchmark Index Nifty Opened 20 points gap down at 9093 and made high of 9094, the index closed at 9045 after making low of 9025. Heavy weight in Index HDFC Bank fell1.02%, Reliance Industries fell 2.77% and Infosys was down by 0.25%. 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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Yesterday, Indian Benchmark Index Nifty Opened 20 points gap down at 9093 and made high of 9094, the index closed at 9045 after making low of 9025. Heavy weight in Index HDFC Bank fell1.02%, Reliance Industries fell 2.77% and Infosys was down by 0.25%. 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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