Finance Minister Nirmala Sitharaman will chair Goods and Services Tax (GST) Council meeting through video conferencing on Monday.
The meeting is scheduled to take place at 4 pm.
The Minister is also scheduled to address a press conference on economic issues at 12.30 pm today.
On October 5, the GST Council at its 42nd meeting had decided to extend the levy of compensation cess beyond the transition period of five years for such period as may be required to meet the revenue gap
Union Home Minister Amit Shah chaired first meeting of National Implementation Committee of India in Delhi on November 25. Union Finance Minister Nirmala Sitharaman and Union Minister of State (I/C) for Culture and Tourism, Prahlad Singh Pate were also present.
Addressing a joint press conference in the national capital on November 12, Union Finance Minister Nirmala Sitharaman spoke on COVID Suraksha Mission.She said, "Rs 900 crore provided for COVID Suraksha Mission for research and development of the Indian COVID vaccine to the Department of Biotechnology."
Addressing a joint press conference in the national capital on November 12, Union Finance Minister Nirmala Sitharaman spoke on Prime Minister Garib Kalyan Rojgar Yojana (PMGKRY). She said, "An additional outlay of Rs 10,000 crores will be provided for Prime Minister Garib Kalyan Rojgar Yojana in the current financial year." "It will accelerate the rural economy," the FM added.
Addressing a joint press conference in the national capital on November 12, Union Finance Minister Nirmala Sitharaman said, "10 new champion sectors will now be covered under the Production Linked Incentives (PLI) Scheme to boost the competitiveness of domestic manufacturing. It is expected to give a significant boost to economic growth and domestic employment." "Rs 18,000 crore will be provided over and above the budget estimate which was mentioned in the Budget 2020-21 under the Pradhan Mantri Awas Yojana particularly for the urban areas. This extra budgetary resource being provided will help 12 lakh houses to be grounded and 18 lakh houses will get completed as a result," she added.
Market expert Sunil Shah on December 01 reacted on Indian stock and Sensex is in positive zone. He said that it's a good is going on for the investors as there is liquidity rally in the market and liquidity is coming in huge number in the market. Countrymen as well as foreign portfolio investors are also investing in Indian market and that is why the flow is coming to the capital market. Decreasing number of COVID-19 cases and news of its vaccine coming in upcoming months has also boosted the confidence of the investors in the market.
The Indian equity benchmark indices were trading in the green on Tuesday afternoon. The 30-scrip BSE Sensex opened at 44,435.83 and was trading at 44,538.52 (at 12:15 pm), up by 388.80 points or 0.88 per cent. BSE Sensex was trading at a high of 44,599.02 points and low 44,118.10 points so far in the trading session. Similarly, 50-scrip NSE Nifty was trading at 13,078.65 points (at 12:16 pm), up by 109.70 points or 0.85 per cent. During the trading session, the sectors trading high were -- realty up by 3.24 per cent, telecom higher by 2.86 per cent, oil and gas went up by 2.21 per cent and utilities increased by 1.85 per cent. The sector trading low was - consumer durables down by 0.17 per cent.
Equity benchmark indices opened flat on Friday with Sensex up by 7.09 points and Nifty up by 6.45 points. The market had a sloppy opening today amid renewed doubts about a highly-anticipated coronavirus vaccine and concerns surrounding the economic impact of the COVID-19 pandemic. At 9:18 am, the 30-scrip BSE Sensex was up by 7.09 points or 0.02 per cent at 44,325.03.Similarly, 50-scrip NSE Nifty was trading at 12,993.45, at 9:18 am, up by 6.45 points or 0.05 per cent.
Uttar Pradesh Chief Minister Yogi Adityanath rang the bell at Bombay Stock Exchange (BSE) for the listing of bonds of Lucknow Municipal Corporation in Mumbai on December 02. Addressing a press conference in Mumbai on December 02, Uttar Pradesh Chief Minister Yogi Adityanath said, "It is a historic moment for us as it is for the first time that any Municipal Corporation of North India has launched such a bond at BSE." "Listing of Lucknow Municipal bond is a revolutionary step for Municipality reforms," CM added.
Uttar Pradesh Chief Minister Yogi Adityanath rang the bell at BSE for the listing of bonds of Lucknow Municipal Corporation in Mumbai on December 02. "In COVID times, Lucknow Municipal Corporation will progress towards achieving the 'Aatmanirbhar' goal with the listing of municipal bonds worth Rs 200 crore. The Corporation is committed to improving the lives of the citizens living in its jurisdiction," said UP CM.
Shiv Sena leader Sanjay Raut on December 02 hit out at Uttar Pradesh Chief Minister Yogi Adityanath's initiative of establishing a new 'film city' in his state and said that it is not easy to shift Mumbai's film city to another place. "Yogi ji is a saint. I have seen him with actor Akshay Kumar. It is not easy to shift Mumbai's film city to another place. The film industry in south India is also big, there're film cities in West Bengal and Punjab too. Will Yogi Ji also visit these places and talk to directors or artists there or is he going to do so only in Mumbai?" asked Raut. UP CM Yogi Adityanath, who is in Mumbai, met actor Akshay Kumar on December 01 where they discussed possibilities of film shoot in the northern state. CM Yogi Adityanath attended listing of Rs 200 crore Lucknow Municipal bond at BSE.
Equity benchmark indices opened flat on Friday with Sensex up by 105 points and Nifty up by 23 points. At 10:05 am, the BSE S-P Sensex was up by 105 points or 0.26 per cent at 39,833 while the Nifty 50 gained by 23 points or 0.20 per cent at 11,730. Among stocks, BPCL rose by 2.28 per cent. Indusind Bank was up by 1.28, Kotak Bank up by 1.18 per cent, HDFC Bank up by 0.95 per cent and ICICI Bank up by 0.88 per cent. However, the stocks trading with a negative bias were UPL, HCL Tech, Tech Mahindra and Nestle India.
Equity benchmark indices were flat during early hours on Tuesday tracking Asian peers which witnessed downside in early deals. At 10:15 am, the BSE SandP Sensex was up by 40 points or 0.1 per cent at 40,634 while the Nifty 50 gained by 23 points or 0.2 per cent at 11,954. Sectoral indices at the National Stock Exchange were mixed with thin margins with Nifty private bank down by 0.7 per cent and PSU bank by 0.6 per cent. But Nifty FMCG and IT rose by 0.5 per cent each. Among stocks, the early gainers were Dr Reddy's, Asian Paints, Eicher Motos, Kotak Mahindra Bank and Bharti Airtel.However, ICICI Bank fell by 2.3 per cent to Rs 394.75 per share while IndusInd Bank, Axis Bank and State Bank of India traded lower with thin margins.Meanwhile, Asian shares slipped despite a firmer Wall Street lead with a buoyant tech sector and fresh optimism about US stimulus expected to continue to support sentiment.
Equity benchmark indices opened in the green on November 26 (Thursday) with Sensex up by 148.33 points and Nifty up by 40.80 points. At 9:17 am, the 30-scrip BSE Sensex was up by 148.33 points or 0.34 per cent at 43,967.59. Similarly, 50-scrip NSE Nifty was trading at 12,899.20, at 9:17 am, up by 40.80 points or 0.32 per cent.
Equity benchmark indices opened in the green on Wednesday with Sensex up by 277.40 points and Nifty up by 84.85 points. The domestic stock markets opened on a positive note today, building on the record closing highs registered in the previous session. At 9:16 am, the 30-scrip BSE Sensex was up by 277.40 points or 0.62 per cent at 44,749.73. Similarly, 50-scrip NSE Nifty was trading at 13,140.00, at 9:16 am, up by 84.85 points or 0.65 per cent.
Equity benchmark indices shaved off early gains but closed in the positive zone on Thursday following a rally in IT stocks amid dynamic global cues. The BSE SandP Sensex closed 304 points or 0.76 per cent at 40,183 while the Nifty 50 gained by 96 points or 0.83 per cent at 11,835. Tata Consultancy Services rose by 3 per cent to Rs 2,819 per share after reporting 6.6 per cent sequential growth to Rs 7,475 crore in the July to September quarter. It also decided to buy back up to 2.2 billion dollars in shares. HCL Technologies and Infosys were up by 2.6 per cent each. Pharma major Cipla ticked up by 4.9 per cent, Sun Pharma by 2.3 per cent and Dr Reddy's by 1.9 per cent. However, energy majors GAIL and ONGC dipped by 3 per cent and 2.8 per cent respectively. Eicher Motors, ITC, Asian Paints and Reliance Industries too traded with a negative bias. Meanwhile, Asian shares climbed to a one-month high as renewed hopes for more US stimulus helped restore investor confidence. Japan's Nikkei added 0.96 per cent while South Korea's Kospi moved up by 0.21 per cent. But Hong Kong's Hang Seng fell by 0.56 per cent.
Equity benchmark indices traded firm on October 05 in line with Asian markets on hopes that US President Donald Trump could soon be discharged from hospital after responding well to COVID-19 treatment. The BSE SandP Sensex closed 277 points or 0.71 per cent higher at 38,974 while the Nifty 50 gained by 86 points or 0.76 per cent at 11,503. Except for Nifty PSU Bank, all sectoral indices at the National Stock Exchange were in the green with Nifty IT moving up by 3.6 per cent, metal by 2.6 per cent and pharma by 2 per cent. Among stocks, Tata Consultancy Services jumped by 7.5 per cent to Rs 2,713.95 per share, Wipro by 7 per cent, Infosys by 2.9 per cent and Tech Mahindra by 2.7 per cent.