Live: Sensex, Nifty Decline on Weak Global Cues; GST Bill Passage in Rajya Sabha Eyed
Opening Bell
Indian shares extend losses as weak global cues prompt investors to take some profit off the table,
while awaiting clearance for the passage of the unified sales tax bill. The S&P BSE Sensex declines 0.5 percent to 27,832; while the NSE Nifty loses 0.4 percent to 8,584.
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HCL Technologies Soars After Q1 Net Beats Estimates
The country’s fourth largest IT services provider jumps as much as 8.5 percent after it reports a 5.9 percent profit growth in the April-June quarter, beating the consensus estimate of analysts tracked by Bloomberg.
The GST Trigger
The long-pending Gst Bill will be tabled today for consideration and passage in Rajya Sabha amidst strong indications that the most important economic reform in the last couple of decades would be supported by Congress and all other major political parties.
IPO Update
- Dilip Buildcon IPO gets 70 percent demand for shares offered on second day of sale yesterday; offer scheduled to close today
- S.P. Apparels IPO gets 12 percent demand for shares offered on first day of sale yesterday; offer closes August 4
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