The Equity market has opened in green reacting driven by gains in FMCG, majorly in ITC but Now The Market continued to fall amid consolidation. FMCG shares up after GST panel fixed rates yesterday While Pharma shares are under pressure. Sensex trading at 27392.51, lower by 37.77 points or 0.14 percent. Nifty still below 8,500 and trading at 8462, down 22.80 points or 0.27 percent. The GST council has decided a four tire GST tax structure of 5,12,18, and 28 percent. some financiers anticipate that the GST will come into force by September 2017, few trust it will be upheld as ahead of schedule as for April 2017.
NSE Gainers - ITC 4.14%, HUL 2.07, M&M 0.92%, NTPC 0.88%, Infosys 0.84%.
NSE Losers - Sun Pharma 6.86%, Dr Reddys Labs 4.95%, Lupin 4.75%, Bharti Infratel 4.21%, Hindalco 4.18%.
Trading Advice for Today -
ACC - Buy, SL - 1484 Rs, TGT - 1548 Rs
Bajaj Auto - Buy, SL - 2800, TGT - 2885 Rs
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