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Home CURRENT AFFAIRS BUSINESS Stock Market Today: GIFT Nifty indicates a bullish start; GST collections up...

Stock Market Today: GIFT Nifty indicates a bullish start; GST collections up 13% YoY

Dalal Street had a strong start on Thursday, as seen by the GIFT Nifty on the NSE IX, which fell 33.5 points to 19,218.50.

Stock Market Today

Stock Market Today: GIFT The Nifty on the NSE IX down by 33.5 points, to 19,218.50 on Thursday, indicating that Dalal Street was off to a good start. The Nifty finished the day 90 points lower, forming a negative candle on the daily chart that suggests a lower top is forming around 19230 levels.

Rupee falls; Tokyo stocks opened higher

In line with the strong dollar compared to major international rivals and the ongoing outflow of foreign money, the rupee lost 4 paise to close at 83.28 against the US dollar on Wednesday. Thursday’s opening of Tokyo equities was positive following the US Federal Reserve’s decision to hold interest rates steady, which prompted Wall Street purchasing. Wednesday saw advances across Wall Street’s major indexes, led by the Nasdaq’s 1.6% gain, following the US Federal Reserve’s decision to hold interest rates steady.

Stock Market Today: GST collections up 13% YoY

The Ministry of Finance said on November 1 that the government’s October Goods and Services Tax (GST) collections increased by 13% year over year to Rs 1.72 lakh crore, the second-highest revenue collection ever. The October GST receipts, at Rs 1.72 lakh crore, are 5.71 percent more than the September collections. The monthly GST revenue has exceeded Rs 1.5 lakh crore for the seventh consecutive month.

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