The GST collections for the month of November came in at Rs 1.31 lakh crore making it the second-highest since implementation
Nifty Metal index surged 1.22%, the Nifty Realty index jumped 1.16% and the Nifty Auto index rose 1.01%.
In opening trades, Sensex nosedived 698 points or 1.19% to 58,096 while Nifty was quoting at 17,338 plummeting 197 points or 1.13%.
Nifty Bank, Nifty FMCG, Nifty Metal and Nifty Pharma indices lost upt0 0.52% in early trades.
While the 6.4% correction from the peak in Nifty has made the market healthy, the valuations continue to be high.
Most sectoral indices opened in the red on the NSE. Nifty Realty index was the top loser among sectoral indices down by 2.44%.
Market momentum has weakened recently and the market appears to be heading for a risk-off mode.
Add-on Price Band Framework will be applicable to BSE exclusive securities in select groups with price of Rs 10 or more & m-cap less than Rs 1,000 cr
As per the Add-on Price Band Framework, BSE has decided to cap the price movement in stock on a weekly, monthly, and quarterly basis
Chepa thinks that SBI can touch Rs 480 in the next 15 months, while Asian Paints and Motherson Sumi may rally towards Rs 3,320 and Rs 270.