Benchmark indices tanked over 1% following the global sell off in international indices after the political concern raised in US over the Trump’s capability to deliver Tax reforms and Infrastructure spending. However the domestic sentiments were supportive as the GST council cleared all 9 rules for new tax system in the country. Nifty ended the session to close at 9440.70.IT stocks were the major gainers of the day while Reality and Metal stocks were the losers for the day.
Global Markets Update
The European Commission has slapped Facebook with a €110M penalty for providing “misleading information” about its purchase of WhatsApp in 2014.
Japanese stocks tumbled to 2-1/2-week lows on Thursday, on worries that allegations against the U.S. President Donald Trump over his interference with a federal investigation would delay his efforts on tax cuts and economic stimulus
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