GST rate overhaul: Sensex opens 900 points higher; ends flat after profit-booking
Following the GST rate adjustments, the Indian stock market experienced a muted response, aligning with the ‘buy on expectation, sell on news’ strategy. Despite an initial surge, benchmark indices flattened due to in-line GST rationalization and US tariff concerns. While domestic funds bought, foreign funds’ outflow was muted, and investors saw a decrease in wealth.🕒 1 min read
Following the GST rate adjustments, the Indian stock market experienced a muted response, aligning with the ‘buy on expectation, sell on news’ strategy. Despite an initial surge, benchmark indices flattened due to in-line GST rationalization and US tariff concerns. While domestic funds bought, foreign funds’ outflow was muted, and investors saw a decrease in wealth.
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