Indian market remains subdued on Friday

11 days ago | 17-03-2017 | IBNS

Mumbai, Mar 17 : The Indian market remained subdued on Friday as investors booked profits following the rally in share prices this week, according to media reports.

The BSE Sensex was up 63.14 points at 29648.99 while the NSE Nifty was up 6.35 points at 9160.05.

Some of the top stocks that gained on Friday were ITC, Infosys, Wipro, HCL Tech, Martui Suzuki and Axis Bank while some of the key stocks that declined were Bharti Airtel, Idea Cellular, SBI, Bank of Baroda, MM, ICICI and Larsen Toubro.

On Thursday, the Goods and Services Tax (GST) council gave its approval for the two remaining legislation for implementing the landmark tax reform.

The councils approval for the state GST and Union territory GST bills is a clear indication that it will be implemented on July 1 as planned. media reports said.

The GST council also agreed to cap the cess on various demerit (or sin and luxury) goods in the legislation.