Indian equity indices ended higher on September 03 buoyed by expectations of an economic boost from the upcoming GST reforms.
Sensex ended 409.83 points higher at 80,567.71, whereas Nifty concluded 135.45 points up at 24,715.05.
On the BSE Sensex, top gainers include Tata Steel, Titan, Mahindra & Mahindra, Eternal, and SBI. On the downside, major losers include Infosys, Hindustan Unilever, NTPC, TCS, and Bharti Airtel.
In the previous season, Sensex ended 206.61 points lower at 80,157.88, whereas Nifty concluded 45.45 points down at 24,579.60.
The 58th GST Council meeting kicks off today, chaired by Union Finance Minister Nirmala Sitharaman. This pivotal session aims to consider rate cuts and rationalisation measures to implement significant reforms across multiple sectors within the Goods and Services Tax (GST) framework. Investor sentiment remains closely tied to the GST Council’s deliberations on rate rationalisation. Key sectors like automobiles, FMCG, and insurance could be significantly impacted by potential changes in tax slabs, particularly if the proposed removal of the 12 per cent and 28 per cent brackets is approved
