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Sensex rebounds on positive infra data; GST meet in focus

Goods and Services Tax - GST - Dated:- 4-1-2017 - Mumbai, Jan 3 (PTI) Reversing its previous day's losses, the Sensex today staged a comeback to end with a paltry gain of 48 points at 26,643, buoyed by pick-up in infrastructure sector in November coupled with firm global cues. The overall recovery received some support from banking stocks which recouped their losses to an extent after being hit by profitability fears in the wake of lending rate cuts. Core industries expanded but at a slower .....

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148.60. Investors are closely tracking the 2-day GST Council meet that started today. The Council met representatives of six crucial sectors, including IT, telecom, banking and insurance, to assess implementation hurdles under the new regime. Despite being plagued by volatility, benchmark indices in India traded the day on a positive note and closed with marginal gains. Strong opening in Europe coupled with relatively buoyant Asian stocks boosted domestic investor sentiment, said Karthikraj Laks .....

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