Indian markets end in bloodbath on GST bill discussion in Rajya Sabha
Indian markets end in bloodbath on GST bill discussion in Rajya Sabha
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Raja Singh was taken into preventive custody last Saturday for threatening to disrupt comedian Munawar Faruqui`s show. The comedian`s show was held amid tight security.
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.24%, while the Nikkei 225 led the Hang Seng lower. They fell 1.88% and 1.68% respectively.
As GST bill was put up for discussion in Rajya Sabha, the Indian equity indices turned into hotbed. The Sensex closed at 27,697.51 down by 284 points and Nifty at 8544.85 below 78.05 points.
The share price of Berger Paints were trading below 2.48% despite of robust Q1FY17 performances. The company reported around 54% rise in its net profit during this period.
Investors dumped their shares on exchange led by GST discussion in Rajya Sabha. The sentiments are negative with BSE holding 7 advances and 23 declines, while NSE with 14 advances, 36 declines and 1 remaining unchanged.
Sensex was trading below 197 points or 0.70% to 27,784.75. While Nifty slumped 53 points or 0.60% to 8570.20 after GST bill discussions were taken place in Rajya Sabha today.
Kalyani Steel soared by 41.10 points or 16.43% to Rs 291.90 on GST bill discussion taken in Rajya Sabha today. Nearly 51,751 shares were bought by the investors at 2.44 pm.
ITC plunged by 8.10 points or 3.11% to Rs 252.10 on GST bill put up for discussion in Rajya Sabha. The bill proposes for cigerattes to be expensive which affect the company tobacco oprations. Nearly 1,35,985 shares of the company has been dumped by the investors following the GST discussion.
GST Bill commences for discussion in Rajya Sabha
Corporate Announcement
European markets arelower. Shares in France are off as the CAC 40 drops 0.19%. The DAX is down 0.12% while the FTSE 100 in London is down by 0.11%
Indian equity markets in red; Sensex down over 260 points. NSE plunges 70 points.
Nifty slips below 8600 mark amid weak global cues
HCL Technologies soared by 28.95 points or 3.62% to Rs 829.55 on exchange at 10.40 am, on strong Q1FY17 performance. The company reported Rs 2055.20 crore net profit for the June quarter ended 2016, registering rise of 5.97% quarter-on-quarter (QOQ). In the early trading session, the company has also touched a new high of Rs 869.
Hopes on GST bill mounts up further as it will be placed in Rajya Sabha for nod.
Indian Rupee was above 0.072 paise or 0.11% trading at 66.763 against US Dollars. The rupee opened below 66.670 mark.
Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.97% while the Hang Seng is down 1.67%. The Shanghai Composite is trading above 0.27%.
In the early tradings, the Indian equity indices were trading lower amid weak mixed global cues. The BSE slumped by 107.46 points or 0.38% to 27,874.25, while NSE was at 8599.55 below 23.35 points or 0.27%.
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