Monday, 15 May 2017

GST sub-rates, earnings results to influence equity markets

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Clarity on GST sub-rates along with ongoing quarterly results season and a firm Rupee are expected to influence investors' sentiments in the equity markets, market observers have opined.

The outcome of the GST Council's meet, slated to be held on May 18-19 in Srinagar, will be a "crucial determining" factor for indices' movement during the week commencing May 15.

The council, chaired by Finance Minister Arun Jaitley, is scheduled to finalize the sub-rates of different commodities and services. The single tax regime on the supply of goods and services is proposed to be rolled out on July 1.

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