The benchmark 30-share BSE Sensex down 7 points to start at 61,215.80, while the broader NSE Nifty50 dipped 20 points to start trade at 18,235.70.
“Because of the entire EV disruption and because the demand environment has not been good, some of the two-wheelers had gone through a lot of correction and now we are seeing a technical pullback.
I think this time most FMCG stock is going to have a pressure as far as margins are concerned and I think Britannia also would be.
Closing Bell: The 30-mark benchmark Sensex was up 85.88 points or 0.14 percent at 61,308.91 and the broader Nifty was up 52.30 points or 0.29 percent at 18,308.10.
The GST on cement and steel is 28% and 18% respectively and the tax outgo has spiked along with the rise in these commodity prices.
As the developers cannot claim tax credits for GST paid on input items, this amount gets added to the construction cost and leads to higher apartment prices for homebuyers.
Over 99 percent of chief executive officers in India are optimistic about India’s growth story in the next 12 months and some 94 percent are optimistic about the global growth, a survey showed.
UltraTech Cement Limited, India’s largest cement manufacturer, on January 17 exceeded expectations and reported a consolidated profit after tax of Rs 1,708 crore for the quarter ended December 2021, up 7.8 percent from Rs 1,584 crore in the year-ago period.
“FADA requests the Ministry of Finance to regulate and reduce GST rates on two-wheelers to 18 per cent and continue to move our nation to global leadership,” the industry body stated on Monday.
KEC International has secured new orders of Rs 1,112 crore across its various businesses.
CNBC-TV18 has learnt that 10 companies including Reliance New Energy Solar, Ola Electric, Mahindra and Mahindra, Lucas, TVS, Hyundai Global, Amara Raja, Exide are among the participants for the Advanced Chemistry Cell scheme.
Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant.
At the interbank foreign exchange, the rupee opened lower at 74.18 against the American dollar, then inched higher to 74.16, registering a fall of 1 paisa from the last close.
India has 50 startups with the potential to achieve the coveted unicorn’ status in 2022 and by the end of the year, the list of the new-age companies valued at over USD 1 billion will be at least 100, a report by a consultancy firm said on Monday.
Shares of footwear retail chain Metro Brands on Monday rallied 20 per cent after the company reported a 54.63 per cent jump in consolidated net profit for the third quarter ended December 2021.
Regadenoson injection is given during the preparation for a radiologic examination of blood flow through the heart to test for coronary artery disease.
The BSE Sensex surged 145 points to trade at 61,368 at 11:25 am, while the NSE Nifty50 rose 50 points to 18,305.
Foreign portfolio investors reversed the three-month selling streak in January by investing net Rs 3,117 crore in Indian markets, so far this month.