GST Council Concluded With No Change
Jan 04, 2017 | 17:43 PM IST
Jan 04, 2017 | 17:43 PM IST
Market Walk 4th January, 2016:
Market ended flat after volatile session.
The Sensex lost 10.11 points to 26633.13
Nifty lost 1.75 points to 8190.50
Infratel gained 3.15% to 352.25
Among the top gainers were Bharti Airtel by 2.94% to 313.14, HCL Tech by 2.89% to 859.3, Bajaj Auto Ltd by 2.86% to 2694.0, Wipro by 2.15% to 477.05.
Among the top losers were Reliance lost 2.04% to 1067.15. Kotak Bank by 1.93% to 698.0, ACC by 1.84% to 1318.8, Bosch Ltd by 1.5% to 20486.0, Ambuja Cements by 1.49% to 212.0.
The momentous changes of 2016, both local and global, have not played out fully yet, and there continue to be significant policy risks and uncertainty. The GST Council in its concluding two-day meet has reached a stalemate on dual control between Center and states. With no consensus being reached in the all-crucial meet, the implementation of the Goods & Service Tax (GST) bill on April 1st looks impossible. The states have been demanding a compensation of Rs 55,000 crore in case of any losses. The center is pitching for control over services. Demonetisations shadow loomed large over Goods and Services Tax (GST) roll-out discussions as states struck a hard bargain on Tuesday demanding extra compensation to offset tax revenue losses in wake of the currency culling move.
Stocks to Watch: Uflex is on up side while Bosch Ltd is on down side.
Click here For Share Market News of 3 January, 2017
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