Expect Sensex companies to deliver robust profit growth: BoAML

Sanjay Mookim of Bank of America Merrill Lynch says the sticky issues holding up the GST (goods & services tax) have largely been resolved.

It is not likely to face any further delays and could be rolled out from July 2017, he feels.

He says the GST Council will now move to categorise various goods and services into different rate slabs at the next council meeting.

Investors should look out for consumer/services category rate slabs, as the market may be pricing in larger gains from lower rates post the GST. This could likely produce stock price volatility in these sub-segments, he feels.