According to the Finance Minister Arun Jaitley that Goods and Services Tax (GST) will be launched from 12th Parliament on June 30. GST will be implemented from midnight on 30th June-1 in the country. President Pranab Mukherjee and Prime Minister Narendra Modi will launch GST. Jaitley said in a press conference on Monday that the […]
50 share index NSE Nifty closed 40 points down at 9578, while 30 share index BSE Sensex closed at 31075 after dropping 80 points today. BSE Mid-cap index has lost 0.12%, while India Vix rose up 1.2% and Small-cap index has gained 0.37% today. Reliance, Wipro, Cipla, Dr. Reddy’s Laboratories and Sun Pharma are the […]
Key benchmark indices almost ended on a flat note in the week ended Friday, 9 June 2017. Reserve Bank of India’s (RBI) monetary policy review and general elections in UK were among the important events that kept investors guessing about the direction of market during the week. Both the SENSEX, and the Nifty, had hit […]
On Wednesday trading session, Indian benchmark indices ended up marginally higher supported by banking sector after the RBI’s Policy statement. Today, Sensex closed 80 points up at 31271 level and Nifty closed 26 points up at 9663 level. In broader market, except IT and TECk, all the sectorial indices have gained firmly, where Midcap index […]
Market jumped on hopes of timely arrival of southwest monsoon rains. Global markets remained mixed following a better-than-expected employment data in the US, which triggered concerns that the US Federal Reserve may soon hike rates this year. In the week ended Friday, 2 June 2017, the SENSEX jumped 245.08 points or 0.79% to settle at 31,273.29, a record closing high. The Nifty 50 index surged 58.40 points or 0.61% to settle at 9,653.50, a record closing high. The index hit record high of 9,673.50 in intraday trade on Friday, 2 June 2017 The major domestic event next week is RBI’s monetary policy meeting scheduled at 14:30 IST on Wednesday, 7 June 2017.Among global cues Euro zone interest rate decision is due on Thursday, 8 June 2017.