Indian Indices Trade Marginally Lower; Consumer Durable Stocks Witness Selling

Tue, 6 Jun 11:30 am

   Previous Close   

   Pre-Open   

   09:30 am   

   01:30 pm   

   Closing   

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the FMCG sector and consumer durables sector witnessing maximum selling pressure. IT stocks are trading in the green.

The BSE Sensex is trading down 39 points (down 0.1%) and the NSE Nifty is trading down by 8 points (down 0.1%). The BSE Mid Cap index is trading down by 0.2%, while the BSE Small Cap index is trading down by 0.3%. The rupee is trading at 64.33 to the US$.

In the news related to the Goods and Services Tax (GST), seven states including West Bengal, Tamil Nadu and Jammu & Kashmir are yet to pass their legislations required for implementing the new indirect tax regime.

As of now, 24 states and Union Territories have passed the State Goods and Services Tax (SGST) Act in their respective legislative assemblies.

The GST Constitutional amendment required all the states to pass SGST bills by 15^th September, 2017. States failing to do so will lose their taxation powers.

The government plans to pass the GST regime from the 1^st of July.

Implementation of the GST promises to transform India into a single common market and there are many sectors which will gain immensely from this transition.

The implementation of the same is bound to bring more companies under the new tax regime, thus providing a level playing field to organized players that face huge competition from the unorganized segment.

Players operating in the footwear, plywood, textiles and sanitary-ware sectors are likely to be strong beneficiaries of this change. Also, battery as well as paint and adhesive manufacturers will gain from this move, as can be seen from the chart below:

Sectors that may benefit the most from GST

If you would like to dig deeper into the practical implications of GST, I strongly recommend you download Vivek Kaul's free report, What the Mainstream Media DID NOT TELL YOU about GST.

In other news, as per the 2017 Global Retail Development Index (GRDI), India has surpassed China to secure the top position among 30 developing countries on ease of doing business.

The GRDI cited India's rapidly expanding economy, relaxation of FDI rules and a consumption boom as the key drivers for the above reported progress.

The GRDI ranks the top 30 developing countries for retail investment worldwide and analyses 25 macroeconomic and retail-specific variables.

While the above progress is commendable, India ranks poorly on the global ranking for ease of doing business. It was ranked at 130^th position out of 190 countries in ease of doing business for 2017, an improvement of just one place over the last year.

So there still is a lot of work needed to make India an attractive investment destination - not only for foreign companies but even for local entrepreneurs.

The government of India targets of making India part of the top 50 list. While the task may be ambitious, the 'Make in India' campaign seems to have created quite a buzz across the world. All that needs to be done is focus on the improving the key pain points in this regard and things should improve at a substantial pace.

India needs to foster an environment that is more supportive of private sector activity. And if the efforts are sustained over the next several years, they could lead to substantial benefits for Indian entrepreneurs - along with potential gains in economic growth.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers