Culture

Sensex rebounds 209 pts as GST Council freezes tax rates

Sensex rebounds 209 pts as GST Council freezes tax rates”

Sensex up 45 points at 30,480 and Nifty up 6 points at 9,435. Among the BSE sectoral indices, FMCG rose 1.86 per cent, Bankex 0.39 per cent and Telecom 0.28 per cent while Consumer Durable fell 1.04 per cent, Oil&Gas 0.80 per cent, IT 0.70 per cent, Energy 0.65 per cent, Auto 0.59 per cent and Teck 0.56 per cent. The index closed up by 1.21 per cent bucking the overall market trend.

China's Shanghai Composite index was quoting in red, down by 0.18 per cent. Gross non-performing assets as a percentage of total advances are likely to come in at 7.1 per cent compared with 7.2 per cent in the previous quarter.

The BSE fast moving consumer goods index gained as much as 4% as Hindustan Unilever, ITC, Colgate Palmolive, Jayshree Tea, Emami, Britannia, Marico and Tata Coffee were up over 3-5% each. ITC was the top Nifty gainer, up 4 per cent at Rs 289.

Davis homers twice in extra innings, Orioles outslug Tigers
Justin Wilson allowed two baserunners in the ninth but retired Adam Jones and Manny Machado for his third save in four chances. Danny Duffy picked up first victory since April 14, and Mike Moustakas belted a three-run homer as Kansas City defeated NY .

Coal India rallied 2.62 per cent, followed by NTPC and PowerGrid. The market recovered ground lost on Thursday with Finance Minister Arun Jaitley announcing the tax rates for most items under the new Goods and Services Tax regime, which is expected to come into force from July.

"Trading members are requested to note that futures and options contracts (F&O) for five underlying securities shall be available for trading in the equity derivatives segment with effect from May 26, 2017", the BSE said in a circular today.

Overseas, Asian stocks were mixed as investors were cautious due to uncertainties surrounding US President Donald Trump after reports that he tried to influence a federal investigation.

Eddie Jones: Group of death will help England
We will get to understand each other a bit more over the next two years before we play here in 2019. Noves, by contrast, pulled few punches as he looked ahead to the 2019 tournament in Japan .

Foreign portfolio investors (FPIs) were net sellers of Indian equities worth Rs 731 crore while domestic institutional investors ended up as net buyers of stocks worth Rs 615 crore according to provisional data published by the National Stock Exchange.

State Bank of India was up 2.1 percent ahead of its March-quarter results later in the day.

Trump Asked Comey to Shut Down Flynn Probe
The White House quickly responded to the Times story, claiming in a statement that 'the President has never asked Mr. Comey or anyone else to end any investigation, including any investigation involving General Flynn'.



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