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Sensex ends flat after rising 224 points

Street skeptical over near-term impact of GST

BS Reporter & Bloomberg  |  Mumbai 

The benchmark Sensex on Thursday rose as much as 224 points, or 0.8 per cent, after the Rajva Sabha passed the much-awaited goods and service tax (GST) bill, but gave up all the gains to end little changed on concerns over implementation and impact on corporates.

The 30-share bluechip index closed at 27,714.37, up 16.86 points, or 0.06 per cent, before climbing to a high of 27,921.91. Although the Street welcomed the passage of the landmark GST bill by the upper house on Wednesday night, concerns remained over the further work needed for successful implementation and time lapse ...

First Published: Thu, August 04 2016. 19:00 IST
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