Stock Market Jumps on GST News:
Today’s Share market –
The announcement of reduction in GST, shares of auto, FMCG and financial services rose known the details
After the announcement of changes in GST, the stock market rose on Thursday, 4 September. Sensex rose 150 points and closed at 80,718. Nifty also rose by 19 points and closed at 24,734.
In today’s market, shares of auto, FMCG and financial services rose. The government has announced reduction in GST on these. IT, media, metal pharma and PSU banking closed down by 1%.
Mixed trading in global markets
•In Asian markets, Japan’s Nikkei rose 1.53% to close at 42,580 and Korea’s Kospi rose 0.52% to close at 3,201.
•Hong Kong’s Hang Seng Index closed down 1.12% at 25,059 and China’s Shanghai Composite closed down 1.25% at 3,766.
- On September 3, America’s Dow Jones closed down 0.054% at 45,271. Nasdaq Composite rose 1.02% and S&P 500 rose 0.51%.
Domestic investors bought shares worth ₹2,679 crore on 3 September
On 3September foreign investors (FIIs) sold shares worth Rs 1,721.82 crore in the cash segment. At the same time, domestic investors (DIIs) made net purchases of Rs 2,679.86 crore.
In the month of August, foreign investors sold shares worth ₹46,902.92 crore. Meanwhile, domestic investors made net purchases worth ₹94,828.55 crore during this period.
Yesterday share market
The stock market rose on Wednesday, September 3. The Sensex rose 410 points and closed at 80,568. The Nifty also rose 135 points and closed at 24,715.
Out of 30 Sensex stocks, 22 rose and 8 fell. Tata Steel closed up 5.87%. 10 stocks including Titan, Mahindra and Zomato rose more than 1%.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗