Sensex and Nifty opened higher today following the positive cues after the government lowered taxes on as many as 27 goods and services in the third GST Council meeting after implementation of Goods and Services.
Sensex and Nifty opened higher today following the positive cues after the government lowered taxes on as many as 27 goods and services in the third GST Council meeting after implementation of Goods and Services. BSE Sensex gained 48 points to open at 31,862.2 points and NSE Nifty added 16 points to start at 9,996.3 points. The domestic markets will likely to be steered by earnings of IT bellwether Tata Consultancy Services (TCS) as well as the key inflation and IIP data. The market participants are keenly awaiting the second quarter earnings to gauge the direction of equities from here. TCS is all set to announce its earnings for the July-September quarter on 12 October. The macroeconomic data such as Index of Industrial production (IIP) for August and inflation numbers for September are due on Thursday. Meanwhile, Wall Street shares ended mixed on Friday with the S&P 500 ending a six-day run of record highs as the first monthly decline in US nonfarm jobs in seven years dampened sentiment while pharmacy shares fell on Amazon competition fears. The Nasdaq ended up for a ninth straight day, however, and set its sixth straight record high close, its longest such streak since seven records in February, Reuters reported. THe benchmark Sensex edged up nearly 100 points to 31,912.79 points.
10.01 am: Sensex tops 31,900, Nifty breaches 10,000 again; GST revamp, earnings optimism uplift markets: The key equity indices Sensex and Nifty opened marginally higher on Monday and extended the gains following the recent ease in tax slabs under the GST regime on Friday.
9.30 am: Indian Energy Exchange IPO opens today, garners Rs 300 crore from anchor investors: 6 key things to know: Indian Energy Exchange Rs 1,001 crore IPO (initial public offer) is all set to open on Monday for the subscription. We take a look at six key things to know about the 1,001-crore public offer.
9.04 am: Stocks of Reliance Industries, Jaiprakash Associates, Zee Entertainment, Axis Bank, PNB will be in focus today: Sensex and Nifty are likely to open lower on Monday as the early indicator of NSE Nifty 50 — SGX Nifty Futures — was trading 0.32% down at 9,988.5 points on the Singapore Stock Exchange.