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Sensex, Nifty End Another Muted Trading Day; Autos, I.T. Lead

Asian stocks rose, led by Japanese equities as traders in Tokyo returned from holiday.

A stock broker trades at Motilal Oswal Securities Ltd. (Photographer: Kuni Takahashi/Bloomberg)
A stock broker trades at Motilal Oswal Securities Ltd. (Photographer: Kuni Takahashi/Bloomberg)
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Closing Bell

Indian shares continued to exhibit sluggish trade through the inaugural week of 2017 with benchmark indices closing yet another tepid day of trade.

The NSE Nifty 50 index has remained in a 70 point range since Monday and closed flat for the second day running. The index also failed to close above the 8,200 mark. The S&P BSE Sensex too fell 10 points to end flat.

Telecom and I.T. stocks led the gains on the indices. The market breadth was firmly in favour of the buyers with 936 stocks advancing compared to 655 stocks that declined. 304 stocks remained unchanged on the National Stock Exchange.

Sensex, Nifty End Another Muted Trading Day; Autos, I.T. Lead

BGR Energy On Foray Into Water Treatment Business

Shares of the Mumbai-based company surged as much as 8.5 percent to Rs 127.80 after the company won a contract to manufacture, supply, erection and commissioning of water treatment plant in worth Rs 209.50 crore in Andhra Pradesh.

The company also won a contract worth Rs 440 crore from the Chennai Metropolitan Authority to design, build, operate and maintain a 45MLD Capacity Tertiary Treatment Reverse Osmosis (TTRO) plant at Kodungaiyu.

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Kerala FM: April 1 Deadline For GST Unlikely To Be Met

At the end of the two day GST council meet, Kerala Finance Minister Thomas Issac said that meeting the April 1 deadline for rolling out the tax reform seems unlikely.

He also ruled out implementing the law in June or July saying that due to the many complexities involved, the ideal time to roll out the GST would be September.

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