The benchmark indices opened on Monday trade lower ahead of GST meet coupled with concern over Wholesale Price index (WPI) based inflation due later in the day.
At 10:20 am, the S&P BSE Sensex was trading at 27,255, up 40 points, while the broader Nifty 50 was ruling at 8,400, up 8 points. In broader market, the BSE Midcap and BSE Smallcap indices noted an uptick of 0.33%, and 0.4%, respectively.
Tata Motors, HDFC Bank, Lupin and Hero MotoCorp are major contributors while Infosys. Cipla, ICICI Bank, NTPC and Asian Paints are losers in the Sensex.
The GST Council, headed by Arun Jaitley, will meet for the ninth time today, since the last four meetings ended in a stalemate with states seeking single powers to control assessee with annual turnover of up to Rs 1.5 crore.
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