Monday, 15 May 2017

GST sub-rates, earnings results to influence equity markets

Clarity on GST sub-rates along with ongoing quarterly results season and a firm rupee are expected to influence investors' sentiments in the equity markets, market observers have opined. According to analysts, the outcome of the GST Council's meet, slated to be held on May 18-19 in Srinagar, will be a "crucial determining" factor for indices' movement during the week commencing May 15. The council, chaired by Finance Minister Arun Jaitley, is scheduled to finalise the sub-rates of different commodities and services. The single tax regime on the supply of goods and services is proposed to be rolled out on July 1.


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