Stock Market LIVE: Sensex Gains 400 Points, Nifty Rises 0.5% As M&M, Bajaj Finance Share Prices Lead
Moschip Technologies surged over 36% in five session and hit record high.
KEY HIGHLIGHTS
Stock Market Today: Why Nifty 50, Sensex Are Rallying? Thank GST Cuts And Domestic Inflows
GST Reforms Reactions: GST Reforms To Cost 'Only' Rs 18,000 Crore For Central Government: Bernstein
Nifty 50| Sensex| Stock Market Today: Auto Stocks Zoom On GST Rate Cuts: Escorts Kubota, M&M, Eicher Motors Lead Pack
Stock Market LIVE: Nifty FMCG Hits Seven-Month High Post GST Reforms; Britannia And Colgate Palmolive Top Gainers
Stock Market LIVE: Spend Or Save? GST Reform Benefits To Hinge On Household Confidence
Nifty 50| Sensex| Stock Market LIVE: Moschip Tech Share Hits Record High
Moschip Technologies Ltd. share price hit a record high in Thursday's session as India is planning the second version of its national semiconductor mission. The stock has been rallying for sessions in a row.
The Ministry of Electronics and Information Technology is framing the India Semiconductor Mission 2.0. The first version was launched in 2021.
GST For EVs Steady At 5%: Why Did GoM Propose A Rate Hike Of 18%?
The Goods and Services Tax (GST) Council on Wednesday has decided to keep the concessional 5% GST rate on electric vehicles (EVs) unchanged as opposed to speculations making round. The Council approved a two-tier rate structure of 5 and 18% which will be implemented from September 22.
Stock Market LIVE: Export Lobby Seeks Rupee At 103 Per Dollar To Offset US Tariffs
Indian exporters said they will lobby the central bank to allow them to temporarily convert proceeds from their US business at a rupee rate that’s 15% lower than current levels, to help cushion the blow from President Donald Trump’s punitive tariffs.
Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said in a phone interview. The rupee is currently trading close to Monday’s record low of 88.33 to the dollar.
GST Reforms To Make Two-Wheelers More Accessible, Says TVS Motor's Chairman Sudarshan Venu
GST reforms will make two-wheelers more accessible and help customers who were looking to upgrade, TVS Motor Chairman Sudarshan Venu said. For automobile industries it is a welcome move.
GST Reforms: Brokerages Forecast Good Times Ahead For FMCG Sector
Following the new GST rate announcement, brokerage firms have expressed optimism about the economy, anticipating a significant boost to consumption.
The consensus is that by lowering GST rates on a wide range of goods, the government is shifting focus from capex-led growth to economic stimulation via demand. The new rates are expected to put more disposal income in the hands of consumers, leading to increased spending and overall economic growth.
