Sensex up 63 points after Lok Sabha approves GST bill
.jpg)
Continuing its rising streak, the benchmark BSE Sensex rose over 63 points to 29,594.84 in early trade on Thursday after the Lok Sabha approved four legislations to give shape to the historic GST amid short-covering in view of March series expiry.
Sentiments got a leg up after the much-awaited tax reform -- Goods and Services Tax (GST) -- inched closer to its July 1 rollout date with the Lok Sabha approving four supplementary legislations on Wednesday, brokers said.
The 30-share index was trading higher by 63.41 points, or 0.21%, to 29,594.84. The gauge had gained 294.28 points in the previous two sessions. All the sectoral indices led by consumer durables, infrastructure, capital goods, PSU and realty were trading in the green, rising by up to 0.89%.
The NSE Nifty too rose 10.70 points, or 0.11%, to 9,154.50 in early trade. Short-covering by participants with today being the last trading session of March series contracts in the derivatives segment supported the Sensex march, brokers said.
Major gainers that supported the key indices were SBI, Adani Ports, Maruti Suzuki, Hero MotoCorp, RIL, L&T, Sun Pharma, ITC, TCS, Hind Unilever, Asian Paints and Bajaj Auto, gaining by up to 1.39%. However, other Asian markets were trading in the negative zone in early trade, taking weak cues from overnight losses on the US markets.
Hong Kong's Hang Seng shed 0.37% while Japan's Nikkei was down 0.25% in early trade on Thursday. The Shanghai Composite Index too was down 0.80%. The US Dow Jones Industrial Average ended 0.20% lower on Wednesday.
Other Latest News
.webp)
Maharashtra Deputy Chief Minister and NCP head Ajit Pawar on Monday said discussions were underway among the Mahayuti partners to finalise a formula for the new government formation in the state.
Speaking to reporters at Karad in Satara district, Pawar also acknowledged the contribution of the government's Ladki Bahin scheme, which provides financial assistance to women, in the Mahayuti's victory in the just-concluded state assembly polls.
.webp)
Police have lodged seven FIRs in connection with the violence over a court-ordered survey of a Mughal-era mosque here, naming Samajwadi Party MP Zia-ur-Rehman Barq and local SP MLA Iqbal Mehmood's son Sohail Iqbal as accused, officials said on Monday.
The district administration has already imposed prohibitory orders and barred the entry of outsiders into Sambhal till November 30.
.webp)
A day after violence rocked Uttar Pradesh's Sambhal, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday said the BJP's use of power to create a rift between Hindus and Muslims was neither in the interest of the state nor the country.
He also urged the Supreme Court to intervene in the matter as soon as possible.
.webp)
The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh.
Justice M Nagaprasanna described the case as an example of modern age crime.
The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside.
.webp)
India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.
Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday.
.webp)
.webp)
.webp)
.webp)
.webp)
