GST, selling pressure spook investors, markets close lower

Sambad English Bureau Published On : Jun 27, 2017 at 5:19 PM Updated On : Jun 27, 2017 at 6:05 PM

Mumbai: Caution ahead of the implementation of Goods and Services Tax (GST) and heavy selling pressure in banking, capital goods and automobile stocks pulled the Indian equity markets lower on Wednesday.

Investors also remained cautious ahead of derivatives expiry on June 29, Thursday.

Odisha records 25 per cent growth in GST collection in June this year

Odisha records highest ever gross GST collection during April 2023

The wider Nifty of the National Stock Exchange (NSE) fell by 64.10 points, or 0.67 per cent, to provisionally close at 9,510.85 points (at 3.30 p.m.).

The 30-scrip Sensitive Index (Sensex) of the BSE closed below the 31,000-mark at 30,958.25 points — down 179.96 points, or 0.58 per cent, from its previous close at 31,138.21 points.

The Sensex touched a high of 31,294.96 and a low of 30,847.08 points during intra-day trade.

The BSE market breadth was bearish — with 1,874 declines and 718 advances.

(IANS)

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