GST Council keeps most FMCG pdts at 18%, consumer durables at 28%
GST Council keeps 60% of goods under standard 12%, 18% tax slabs
Most agricultural products to be exempted from taxes, says @thomasisaaq, Finance Minister, Kerala.
Shree Renuka Sugars’ Narendra Murkumbi welcomes the 5% #GST rate on sugar.
GST on fertilizer- 18% on ammonia negative for fertiliser companies as currently they pass ay 2%. This will elongate the working capital cycle.
Aurobindo Pharma gets USFDA nod for generic of Azor tablet
IMP results today
SBI, Grasim,Tata Power, Motherson Sumi, Suzlon, Sintex, Just Dial, Aarti Ind, KEC Int, V-Guard, Chambal Fertilizar, RCF
Indian Hume Pipe YoY
Net Profit At Rs 33.2 Cr Vs Rs 9.4 Cr;
Revenue Up 65.8% At Rs 493.8 Cr Vs Rs 297.9 Cr
9440 is a very good support for spot nifty, above 9540 nifty will again run towards to cross 9600 immediate and 22700 is a very good support for the bank nifty , above 22900 bank nifty will cross his previous high
Sector overview:
Positive: SUGAR, BANKING, IT
Negative: FARTILIZER,
Stock to watch:
BANK OF BARODA, UNITED BANK OF INDIA, TATA COFEE, SPICEJET
