By Admin 
Stock market today: The domestic market started positive on Wednesday amid the GST Council’s two -day meeting starting today i.e. on September 3. But after some time, a 30 -digit Sensex went down about 100 points on BSE. Along with this, the Nifty 50 on NSE is also doing business by going below 24600. A day earlier on Monday, the Sensex and Nifty broke the decline of three days, but now they are under pressure again. Despite shopping in metal and banking sectors, IT and Realty Stocks limited the Sensex growth.
Market fall
Auto and Consumer shares have seen a slight rise, while the pressure was seen in the bank and the IT. It is worth noting that in the meeting of GST Council chaired by Nirmala Sitharaman, important decisions will be taken regarding the GST reform. It is being considered a major step towards tax reform.
This meeting is taking place at a time when the price of the rupee is constantly falling and the US has imposed a high tariff of 50% on India. Of this, 25% of tariffs have been imposed due to purchasing cheap oil from Russia.
Expected from GST reform
50 percent tariff on Indian goods has a direct impact on the export sector. Trump has clearly indicated that he will not withdraw the tariff. Because of this, heavy pressure is being seen in the market. However, market experts believe that there will be a stir even further, but positive trends will emerge from GST reforms.
Dr. VK Vijay Kumar, Chief Investment Strategist of Jijit Financial Services, says that there will be uncertainty in the market. But both positive and negative trends will be seen further.
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