Benchmark indices consolidated in today’s trading session after yesterday big move as investors awaited the decision of the GST council on finalizing the rates as it discussed a four-tier rate structure suggested by the Centre and agreed on compensation to loss-incurring states for the first five years of the new tax regime. The Nifty ended the session to close at 8659.10 i.e. 18.80 points lower.
IDEA, BHEL, Tata Power were the top gainers of the day while ITC, Hero moto corp, and ICICI Bank were the top losers of the day.
Global Markets Update:
- Volkswagen labour leaders said on Wednesday they had not yet struck a deal with management on cost cuts at the core autos division, denying an earlier report by Manager Magazin.
- Japan’s Nikkei share average rose for a fourth day on Wednesday, taking cues from a bounce in Wall Street shares, while Sharp Corp jumped 11 percent after saying it expects significant improvement in annual profit.
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