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Top five factors that are likely to chart market direction this week Read more at: http://economictimes.indiatimes.com/articleshow/57474120.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Monday, March 6, 2017 4:39
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(Before It's News)

On Friday, the US market ended higher, which should have a rub-off effect on Asian markets, including India, when trading resumes on Monday. 

Nifty50 futures on the Singapore Stock Exchange closed 27 points higher at 8,949 on Friday, indicating a positive opening for the domestic market on Monday. 

“The bets on a March Fed rate hike is rising after strong US labour market and rising inflation, but during the week, both FIIs and DIIs were net buyers in the market,” Vinod N .. 

Read more at:

http://economictimes.indiatimes.com/articleshow/57474120.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 
Good news on GST: Shares of logistic companies will remain in focus after the GST Council at a meeting held on Saturday broadly agreed on the contours of two key legislations – CGST and IGST – but a final approval is likely only by mid-March. The July deadline remains intact. 

“It (GST) looks on track. Subject to Parliament approval, it looks like July 1 would be the possible date for the implementation of GST,” Jaitley said after the 11th GST Council meeting. 

 

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