Nifty Hits Record Peak, Consumer Goods Rally

The Nifty 50 rose as much as 0.7 per cent to a record high on Friday as shares of consumer goods rallied after the Goods and Services Tax or GST Council cleared all draft bills, although gains were curbed by profit-taking. The council, composed of central and state ministers on Thursday, cleared five draft bills linked to the GST, which will create a national sales tax. It will be submitted to the parliament and state assemblies for...