GST Collection: Highest GST Collection In Record So Far In Dec

GST collection: highest GST collection in the record so far in December, the Finance Ministry gave information.

A total of 1,15,174 crore Goods and Services Tax (GST) collection was collected in the month of December. This is the highest GST collection ever.

In a tweet by the news agency, it said that in December 2020, it earned Rs 27,804 as SGST, Rs 21,365 crore as CGST, and Rs 57,426 crore as IGST (Integrated GST). Apart from this, the government earned Rs 8,579 crore as cess.

Stock Market: The stock market opens with rising on the first day of a new year, shares of auto companies rose in early trade.

On the first day of the new calendar year, the domestic stock market opened up. Sensex and Nifty gained momentum in early trade due to buying in shares of automobile and banking companies.

At 09:54 am, the 30-share BSE Sensitive Index was trading up by 163 points, or 0.34 percent, to a level of 47,915.03. Sensex closed at the level of 47,751.33 points in the previous session.

In the last trading session of the week, Sensex opened with a gain of 47,785.28 points.

NSE Nifty was trading at a level of 14,026.00 points with a gain of 44.25 points i.e. 0.32 percent at 10:07 am.

At 09:54 am on Sensex, Mahindra & Mahindra shares saw the highest gain of 1.97 percent. Similarly, State Bank shares rose 1.18 percent.

Apart from these, TCS, HDFC, Infosys, Ultratech Cement, ITC, Bajaj Finance, Larsen & Toubro, Maruti, Bajaj Auto, HDFC Bank, ONGC, Kotak Mahindra Bank.

Doctor Reddy’s, Tech Mahindra, IndusInd Bank, Axis Bank, HCL Tech, Reliance, Bharti Airtel, and Bajaj Finjarv were trending with a green mark.

On the other hand, Sun Pharma, NTPC, PowerGrid, Asian Paint, Hindustan Unilever Limited, Titan, ICICI Bank, and Nestle India were trending with red markings.

Foreign portfolio investors (FPIs) have been the major drivers of booming Indian stock markets.

According to provisional data available on the stock market, foreign portfolio investors bought shares worth Rs 1,135.59 crore on a net basis on Thursday.

In the calendar year 2020, the Sensex saw a jump of 15.7 percent while the Nifty saw a surge of 14.9 percent. US markets also closed at record highs on the last day of the year, affected by Covid-19 on Thursday.