Nifty Performance:
Nifty performed well today by gaining the confidence of buyers back. A positive
wave of around 50 points was seen in the mid of session. Where the Retail stocks, multiplex stocks
were in the talk for the overnight opening of Malls in the new bill. Buzz for mining stocks came in
mid of the session when Gov. allow the private companies to involve in the auction process of
mining by approving the policy for auction of 100 mineral blocks. A good move of 2% to 9.5% was
seen in mining stocks
Talking for the most hot pic for the day is GST bill for which Gov looks 18 July (monsoon session)
would be the date to pass the GST bill.
A good move can be seen in the Banking stocks or into SBI if the 7th pay commission gets the
approval, as a huge fund will be flown in the accounts of SBI 50 lack employee and 58 lack
pensioner can see 1.02 lack crore of amount nearly 0.7% of GDP
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