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Brent traded near $67 a barrel, while West Texas Intermediate was below $64

“For the sector specific, I’m very bullish on the consumer durable segment,” Hiten Mistry, Sector Lead-Consumer at Equirus Capital said.

Brokerages estimate the tax cut could lead to a 7-8% reduction in cement prices, making premium cement more affordable.

For the pharma sector, the proposal includes cutting GST on rare disease drugs to nil from 5% and waiving GST entirely on over 30 cancer drugs, currently taxed at 12%.

In a separate proposal, shareholders of IndusInd Bank approved the appointment of its new CEO Rajiv Anand.

Experts believe GST rationalisation could support consumption in the long run, but its impact will vary across sectors and may not be immediate.

Among the 10 stocks that are going ex-dividend this week, only VST Tiller Tractor is the stock that has positive returns on a year-to-date basis, and that too of less than 1%.

It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market, but they just become eligible to be traded.

Shares of Premier Energies had made their stock market debut on September 3 last year, when the stock listed at a premium of over 100% from its issue price of ₹450 per share, becoming one of the most successful listings…

Brokerage firm UBS said that Kotak’s healthy growth outlook, easing margin and credit cost pressures, faster growth potential, and superior ROA are likely to support a re-rating of the stock.