Todat’s Sensex lower, Nifty breaks 8050; banks drag, Sun Pharma move up

The INR continued its recovery on Thursday for the second consecutive session following correction in dollar. It has opened higher by 8 paise at 67.83 per $ against previous close of 67.91.

The GST (Goods and Services Tax) Council will begin its two-day meeting today to consider the model GST laws and iron out differences on the vexed issue of jurisdiction over assessees in the new indirect tax regime. This will be the seventh meeting of the Council, which is headed by Union Finance Minister Arun Jaitley and has state ministers as members.

As consensus eluded the Council meeting, the subsequent GST legislations -- CGST, IGST and compensation law -- could not be introduced in the winter session of Parliament that ended last week. This has threatened the April 2017 rollout target of the Goods and Services Tax (GST).

Goldman on Voltas:
Goldman Sachs has maintained neutral call with no near-term catalysts for Voltas to re-rate but remained constructive on long-term growth potential.

The brokerage house expects unitary cooling products sales to decline by 10 % YoY in the first half of financial year 2017-18 and increase 10 % YoY for FY18.. It also expects EPS for FY17/18 at Rs 10.50/13.30.

For more detail click here - http://www.tradebizzindia.com/freetrial.php/