Sectors that are primed to benefit when the rollout of the ambitious goods and services tax (GST) happens are logistics and auto, says Pankaj Sharma, Head of Equities, Equirius Securities.
Analysts, who believe 7500 could be a strong support for the market, feel the Nifty may not break 7800 in near term.
The booklet will narrate the 'U-turns' done by the Modi government on the promises it made during the Lok Sabha elections. Senior Congress leader Ajay Maken raised the issue of black money, Chinese troops incursion, ceasefire violations by Pakistan on Twitter.
The Insurance Amendment Bill and the GST Act are also a part of government economic reforms agenda. The Insurance Bill was referred to the select committee in the last session. The Trinamool Congress is likely to oppose it this time too. The party also intends to take on the Centre on the issue of black money.
Ahead of the winter session of Parliament which is likely to be rocked by the row over FDI in retail, BSP supremo Mayawati was today understood to have asked her party MPs not to join the opposition protests.
Indian equities gained strength in the last hour of trade on Wednesday despite listless trade in global peers. The NSE Nifty closed above the 5600 level for the first time in last four sessions after seeing the consolidation with a negative bias since last week. The index rose 43.25 points to close at 5,614.80.
Team Anna today said extension of Winter Session of Parliament will be worth only if a strong Lokpal Bill is brought with CBI out of government control.
The Union Cabinet is expected to take a final view on the controversial Food Security Bill and discuss the Lokpal draft on December 19. The government said it needs more time to finalise the contentious points of the Lokpal Bill.
Finance minister Pranab Mukherjee believes foreign direct investment in retail will significantly reduce post harvest losses.
It is day one of the winter session of Parliament and it's all set to be a stormy one. The NDA has decided to target Home Minister P Chidambaram on the 2G issue and there are signs of the Left and Right coming together to corner the government on price rise and black money.
The Congress on Tuesday voiced its protest over Anna Hazare's blog that said Team Anna will campaign against the party in subsequent polls as well as in General Elections if the Lokpal Bill is not passed in the Winter Session of Parliament.
The Union Cabinet cleared a new bill on regulating and developing mining on Friday which will mandate coal companies to provide 26 per cent of post-tax profit for the welfare of affected people, a move intended to benefit mostly tribals.