After being under pressure for first four days of August series, the market is likely to see some recovery on Thursday. The most important trigger will be goods and service TAX (GST) bill as constitutional amendment bill was passed in the Rajya Sabha last night. The Street will now Focus on details such as revenue neutral rate. In a biggest tax reform, the national sales tax or GST bill was approved by to replace a raft of different state and local Taxes with a single unified value added Tax system to turn the country into worlds biggest single market. The legislation was approved by the upper house with 203 votes in favour and none against, after a Seven-Hour debate during which a rare bonhomie was witnessed among the ruling and the opposition parties.
The S&P BSE Sensex is trading up 76.15 points or 0.27% at 27,773.66. And The NSE nifty is trading gain 20.55 points or 0.24% at 8,565.40.
NSE NIFTY 8,565.40 20.55 (+0.24%)
BSE Sensex 27,773.66 76.15 (+0.27%)
Among Tata Motors, Tata Mtrdvr, Tata steel, Bajaj Auto, Hero motocorp, Adani ports, Sun pharma, power Grid, Gail were top gainers in the Nifty.
BPCL, Asian paints, Yes bank, Indusindbk, IDEA, ICICI bank, ZEEL, Infosys, Reliance were top losers in the Nifty.