Friday 19 May 2017

Sensex dropped 300 points from upper levels due to GST- Sai Proficient

Recovery in American markets, mixed trade in Asian markets and setting a GST rate on 1211 items, saw a significant increase in the domestic market.

After the rise in the initial trade, selling in oil and gas, auto, IT, metal, pharma, consumer durables, capital goods and realty stocks plummeted more than 300 points from the Sensex record level.


At the moment, the Sensex has dropped 51 points to 30,384 and the Nifty is down 20 points at 9,410 levels.

Earlier, the Sensex, which gained in FMCG shares from GST Boost, rose 278 points to record at 30,712. On May 17, the Sensex made a record high of 30,691.

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