SME Times is powered by   
Search News
Just in:   • India well on way to become developed economy by 2047: President Murmu  • Big Bang reform: Finance Ministry proposes two-slab GST system after PM Modi's speech  • PM Modi promises GST overhaul ahead of Diwali; says the review is need of the hour  • By end of year, 'Made in India' semiconductor chips will be in markets: PM Modi  • Taxation to MSMEs, PM Modi shares detailed vision for next-gen reforms, self-reliance 
Last updated: 19 Jul, 2017  

BSE.9.Thmb.jpg ITC chokes stock markets, Sensex closes 363 pts down

BSE
   Top Stories
» Big Bang reform: Finance Ministry proposes two-slab GST system after PM Modi's speech
» Taxation to MSMEs, PM Modi shares detailed vision for next-gen reforms, self-reliance
» India's automobile sector recorded stable sales in July: SIAM
» India bans imports of more goods from Bangladesh
» FIIs withdraw $2.9 billion from Indian equities in July; IT sector leads outflows
SME Times News Bureau | 18 Jul, 2017
Negative global cues and a heavy lag in FMCG major ITC stocks dragged the Indian equity markets lower on Tuesday.

According to market analysts, a free fall in the stocks of the largest FMCG company ITC dragged lower the key equity indices, following which the S&P BSE FMCG index plunged by 651.93 points or 6.12 per cent.

The plunge in the stocks of the bluechip firm followed the increasing of compensation cess rates on cigarettes by the GST Council on Monday in view of the reduction in tax on the demerit good under the new indirect tax regime.

On a closing basis, the wider Nifty of the National Stock Exchange (NSE) shed 88.80 points, or 0.90 per cent, to provisionally close at 9,827.15 points (at 3.30 p.m.).

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,775.54 points, closed at 31,710.99 points -- down 363.79 points, or 1.13 per cent, from the previous close at 32,074.78 points.

The Sensex touched a high of 31,911.61 points and a low of 31,626.44 points during intra-day trade.

The BSE market breadth was bearish with 1,682 declines and 1,004 advances.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter