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Mumbai: The BSE Sensex today skyrocketed 414 points to 33,521 and the NSE Nifty raced past 10,300 as banking stocks led a solid rally after Moody’s upgraded India’s sovereign credit rating. (50-0)
Mumbai: Falling order volumes from the Canteen Stores Department (CSD), India’s largest organized retailer, continued to drag down FMCG companies’ sales even as they reported volume-led growth returning in the September quarter.
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The ₹10,000-crore worth packet tea market accounts for roughly 50 per cent of the country’s total tea consumption pegged at one billion kg (4-0)
The Nifty and the Sensex extended their afternoon loses with the Nifty shedding 57 points while the Sensex was down 141 points. (21-0)
The Nifty and the Sensex extended their morning loses with the Nifty shedding 44 points while the Sensex was down 87 points. (19-0)
Mumbai: The benchmark BSE Sensex extended gains for the third straight day by jumping 103 points today on continuous buying by investors despite disappointing macroeconomic data. (10-0)
The Indian benchmark indices on Monday morning were trading on a negative note with the Nifty down 34.20 points or 0.33 percent while the Sensex shed 74.40 points at 33240. (19-0)
That's all for Sunday, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights. (7-0)
Mumbai: Prices of a large variety of consumer goods are expected to come down after the goods and services tax (GST) Council decided to move 178 items from the highest tax bracket of 28% to 18% on Friday. However, restaurants are expected to increase menu prices since, despite a lower rate of 5%, they won’t be able to claim input tax credits.
The combined market valuation of 6 of the top-10 most valued Indian companies together took a knock of Rs 60,422.54 crore last week, with RIL being the hardest hit. (8-0)
Consumer product makers, including HUL and Patanjali, today hailed the GST Council's decision to lower tax rates on commonly used items and said the benefits will be passed on to customers.
New Delhi: Noodles-to-chocolates maker Nestle India Ltd posted a 23% rise in profit for the quarter ended 30 September, buoyed by higher domestic sales. (1-0)
Mumbai: Markets managed to beat a spell of fluctuations towards the fag end today and closed with modest gains, giving a guarded response to the GST Council’s decision to reduce tax rate on a host of daily-use items. (10-0)
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