Sensex drags over 250 pts, Nifty wobbles as GST countdown begins

Cipla, Asian Paints, Coal India, Sun Pharma and Hero MotoCorp are top gainers while ITC, BHEL, Tata Motors, Maruti and L&T are losers in the Sensex.

Union Finance Minister Arun Jaitley on Wednesday said he hopes for a rollout of the Goods and Services Tax (GST) by April 2017.

 

Stock Market News Today- Sai Proficient
                 Stock Market News Today- Sai Proficient

Speaking exclusively to CNN-NEWS18 the union minister said, “The one-nation, one-tax regime will reduce taxation levels. We have already addressed the concerns of the state governments and I am hopeful of a rollout early next year.”

The market is still struggling with the Nifty around 8550. The 50-share index is down 69.80 points or 0.8 percent at 8553.10 while the Sensex is down 266.25 points or 0.9 percent at 27715.46. About 785 shares have advanced, 1726 shares declined, and 126 shares are unchanged.

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