Asia

Goods to turn cheaper as GST Council brings more consumer items under lower tax rates

GST reforms 2025: Food, fertilisers, footwear cheaper; cigarettes, sugary drinks to cost more

The new tax structure, adopted on Wednesday, has two major slabs now 5 per cent and 18 per cent, and a whopping 40 per cent for sin goods. For the common man, this change means more money in hand, which the government hopes will be routed into the economy, giving it a significant boost.

25 days ago

Gold hits record high as investors bet on Fed rate cut

Gold surged to a fresh record high on Wednesday, consolidating gains above the key $3,500 level, on growing expectations of a Federal Reserve rate cut this month and lingering political and economic risks.

25 days ago

Sensex, Nifty trade flat after mild early losses; realty stocks gain

Indian equity indices edge higher as GST Council meet begins

Nifty ended the session at 24,715.05, up 135.45 points or 0.55 per cent. The Indian equities closed higher after a mixed start to the session, buoyed by expectations of a consumption-led stimulus from the potential GST slab rationalisation, said analysts.

26 days ago

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Nifty, Sensex open flat as investors eye GST Council meet outcome

As of 9.29 am, the Sensex moved 32 points up, or 0.04 per cent to 80,190, while the Nifty 50 inched up 2 points, or 0.01 per cent to 24,582. The broadcap indices, Nifty Midcap 100 advanced by 0.278 per cent, and the Nifty Smallcap 100 inched up 0.36 per cent.

26 days ago

2-day GST Council meet aims to cut compliance burdens, benefit small businesses

The two-day meeting, starting Wednesday, is chaired by Finance Minister Nirmala Sitharaman and ministers from all states. According to FM Sitharaman, the next generation GST reforms will create an open and transparent economy, reduce compliance burdens, and benefit small businesses.

26 days ago

Stock market ends volatile session slightly lower ahead of GST Council meet

Sensex closed at 80,157.88, down 206.61 points or 0.26 per cent. The 30-share index started the session with a decent gap-up at 80,520.09 against last session's closing of 80,157.88, buoyed by the affirmative SCO summit and strong GST collection data. The index escalated further to touch an intra-day high at 80,761.14; however, it fell into negative territory amid profit booking.

26 days ago

Markets rebound after 4-day losing streak, Sensex gains 317 points

Globtier Infotech's shares tank 20 pc on market debut, investors suffer big losses

The stock opened at Rs 57.60 against the IPO price of Rs 72, leaving investors with immediate losses of Rs 14.40 per share. For those who invested the minimum two lots, the listing translated into a loss of around Rs 46,080.

26 days ago

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Hedge funds cautious about US stocks despite potential rate cut

Hedge funds remain hesitant about buying U.S. stocks at the outset of what is often a dour month for markets, even with a potential U.S. rate cut on the horizon, after becoming net sellers in August.

27 days ago

Over 150 products may see rate cut in GST Council meet this week

The proposals to move various items from the 12 per cent and 18 per cent GST slabs to the 5 per cent slab or to the nil GST category aim to reduce the tax burden for households and boost spending. GST council plans to overhaul the rate structure, replacing the current four-rate structure with a two-rate structure.

27 days ago

BSE warns investors about four unregistered entities offering stock tips, seeking confidential data

Entities, including Money Talks with Payal, NSE Stock Pro, PTS Prabhat Trading, and PTS Prabhat Trading Service, which are active on Telegram and Instagram, are providing securities market tips to investors or assured/guaranteed returns on investment in the stock market, an official release said.

27 days ago

Gold hits record highs, dollar weakens ahead of Fed rate decision

Stocks were muted, the dollar steadied near five-week lows and gold climbed to record highs on Tuesday, as investors awaited economic data this week that could reinforce expectations for a Federal Reserve rate cut in September.

27 days ago

SEBI introduces new rules to monitor intraday derivative positions

India's markets regulator SEBI late on Monday issued fresh rules for monitoring intraday positions in equity derivatives.

27 days ago

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Oil prices surge amid Russia-Ukraine conflict eascalation

Oil prices rose on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine.

27 days ago

Indian stock market opens lower amid mixed global cues

Sensex, Nifty open marginally higher ahead of key GST meet

Among sectoral indices, the Nifty media was the top gainer, rising 0.82 per cent, followed by Nifty Oil & Gas, which gained 0.34 per cent each. Nifty FMCG advanced 0.20 per cent. All other indices were in red, with Nifty IT losing 0.42 per cent.

27 days ago

GST meet, auto sales, GDP data and global cues to drive stock market next week

India's earnings peak still ahead due to GST reforms, macro fundamentals; strong case to re-rate: Report

There is a strong case for re-rating India as it becomes the world's most sought-after consumer market, it will undergo a major energy transition, credit to GDP will rise, and manufacturing could gain share in GDP, global investment bank and financial advisory firm, Morgan Stanley, said in a report.

27 days ago

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