Goods and Services Tax – GST – Dated:- 21-6-2017 – Mumbai, June 20 (PTI) The BSE Sensex slipped from record highs to close down by over 14 points on Tuesday on profit booking in recent gainers as investors turned cautious apprehending early glitches in GST rollout amid mixed global cues. The BSE 30-share barometer, after charting the positive terrain for the better part of the session, touched a high of 31,392.53, but slipped to 31,261.49 in late afternoon deals on across-the-board profit booking, especially in power, banking and FMCG counters. The index finally settled at 31,297.53 points, down 14.04 points, or 0.04 per cent, over the previous close. The gauge had rallied 255.17 points in the previous session to an all-time closing high o
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llowing the waiver of farm loans by Punjab. Banking stocks came under heavy selling pressure after the Punjab government yesterday announced farm loan waiver for small and marginal farmers, which is likely to impact the PSU sector banks. Central Bank of India fell 2.74 per cent, Punjab National Bank 2.31 per cent, Axis Bank 1.35 per cent, Bank of Baroda 0.60 per cent, HDFC Bank 0.55 per cent, Kotak Bank 0.55 per cent, Oriental Bank of Commerce 0.87 per cent, Andhra Bank 0.51 per cent, UCO Bank 1.57 per cent, IDBI Bank 1.58 per cent and Canara Bank 0.93 per cent which pulled down the BSE banking index by 0.16 per cent. However, state-run SBI bucked the trend and rose 0.52 per cent. Tata Motors was up 3.28 per cent on media reports that Tata
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