Indian markets cautious over US elections, GST rate finalised
So much so that the market appeared less concerned about the US Federal Reserve's November policy meet, which kept its rates unchanged as expected.
On Thursday, BSE Sensex was down 96.94 points at 27430.28 and NSE Nifty was down 29.05 points at 8484.95.
The GST Council led by the Union Finance Minister Arun Jaitley, in its meeting on Thursday, said the rates for the Goods and Services Tax has been finalised with 28 per cent as the highest slab.
The GST rate has been fixed at 5 per cent, 12 per cent, 18 per cent and 28 per cent.
The Indian government has imposed anti-dumping duty on select steel bars, rods and hot rolled coils from China, the media reported on Thursday.
Some of the key stocks that gained on Thursday were Hero MotoCorp, Dr Reddy;s, TCS, BHEL, Hindalco and HDFC Bank while some of the top stocks that declined were Infosys, Wipro, Adani Ports, ONGC, Tata Steel, NTPC, Asian Paints,Lupin and SBI.
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