By Admin 
Share Market News: After the announcement of the Finance Minister on GST reforms, the stock market is seeing a huge boom today. On Thursday, the Indian equity sells open with a positive attitude. The 30 -share index of BSE opened at 81456, leaping 888 points. While the Nifty was also trading at 24980 with a gain of 265 points.
Two structure tax slabs approved
In the GST Council meeting started from Wednesday, it was decided to abolish 12 percent and 28 percent slabs. Tax slabs of only 5 percent and 18 percent were approved by simplifying the tax system. That is, so far, most of the things coming in the slabs of 12 percent and 28 percent will now be shifted to 5 percent and 18 percent slabs. Apart from this, there will also be a special slab of 40 percent for luxury and sin goods.
Economic activities will get speed
Many things will be cheap with this reforms, which will give great relief to the common man. It will also be easy to follow the rules. On the occasion of Independence Day, Prime Minister Narendra Modi announced this ‘double gift’ for the people of the country on the occasion of Diwali. Finance Minister of the states also attended the 56th GST Council meeting chaired by Finance Minister Nirmala Sitharaman. The purpose of this reforms is to promote consumption, which will promote economic activities.
These include top losis and gainers
M&M 6.73 was the highest profit in the morning business with a lead of 6.73 percent. In addition, the shares of Bajaj Finance gained a lead of 4.70 percent. Similarly, 3.07 percent in Bajaj Finserv shares, 2.26 percent in ITC shares and Hindustan Unilever gained 2.13 percent. At the same time, Euntern shares declined by 0.75 percent. Apart from this, Tata Steel shares 0.36 percent, Reliance shares fell 0.31 percent, HCL Tech’s shares fell 0.27 percent.
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