The 30-share Sensex moved down by another 42.53 points, or 0.15 percent, to trade at 27,387.75 in early trade.
Retail major Walmart today welcomed the four-tier tax structure for GST, but aerated drink makers like PepsiCo and Coca Cola were guarded in their response, saying they will wait for the details to emerge.
A zero tax on daily necessities as well as lower rate of 5 percent for items of mass consumption will make the new Goods and Services Tax regime, to be rolled out from April next year, less regressive, tax experts said.
A four-tier GST tax structure of 5, 12, 18 and 28 percent that aims to lower tax incidence on most goods and keep out essential items was decided by a high-powered council on Thursday -- a major breakthrough for rollout of the Goods and Services Tax regime from April 1 next year.
Government bonds (G-Secs) declined on selling pressure from banks and corporates and the Interbank call rates also turned lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.
The decision of the GST council to keep the tax rate on items of mass consumption pegged at 5 percent will help in softening of inflation by bringing down prices said chief economic advisor Arvind Subramanian on Thursday.
Finance Minister Arun Jaitley will seek parliamentary approval for bills later this month that would set the rate and scope of the GST. State assemblies must also to approve similar bills for the tax to enter force as planned next April 1.
The index had lost 414.29 points in the previous three sessions.
Markets regulator SEBI has ordered five companies and their directors to refund in three months the money raised from investors without complying with the public issue norms.
The BSE Sensex Wednesday tumbled over 349 points to close at 27,527.22 on weakening global cues after the latest poll suggested that Republican Donald Trump was slightly ahead of market favourite Hillary Clinton in the US Presidential race.
In order to provide breather to construction sector, the Reserve Bank is likely to come out soon with detailed norms for one-time settlement of loans in line with the Cabinet decision.
Sensex plunged 288.06 points or 1.03 percent at 27,588.55 with all the sectoral indices led by metal, realty and oil in the negative zone, falling by up to 1.73 percent.
The Reserve Bank of India has opened a second office of the Banking Ombudsman in New Delhi, taking into account the significant increase of the banking network.
Markets regulator SEBI Tuesday came out with stricter disclosure requirements for credit rating agencies to ensure more transparency in their policies amid instances of drastic downgrades impacting investors.
The benchmark BSE Sensex wiped out early gains to close 53.60 points lower at 27,876.61 today following selling in key bluechip IT and teck counters ahead of key US Federal Reserve meet.
With the post of Deputy Governor of the Reserve Bank vacant following the elevation of Urjit Patel as the Governor of the central bank, as many as 90 applicants are said to have applied for the vacant post.
With several high-ticket alleged frauds like Vijay Mallya loan default case coming to fore, Central Vigilance Commission has now made it mandatory for the public sector banks to report to it all such matters involving funds over Rs one crore.
Release of macroeconomic data and quarterly earnings are set to drive stock market sentiment this week and the countdown to the US presidential election on November 8 may add to the volatility, say experts.
Leading bourses BSE and NSE will conduct a special 'Muhurat' trading session on Sunday to mark the start of the Hindu New Year.
Country's largest lender SBI on Saturday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,681 crore.