A look at the headlines in the sector right now:
- Sensex ends 521 points up, Nifty gains 158 amid rally by stocks in various sectors, global cues: The rupee also touched a one-week high of 66.78 against the US dollar, while other Asian currencies performed better, as well.
- GST Council likely to finalise rates as three-day meeting begins today: The Centre hopes to address several key issues, including the compensation of states, so it can push the Bill in the upcoming winter session.
- UP approves Rs 2,000-crore expansion plan for Samsung plant in Noida, hopes to bring in 2,200 jobs: The South Korean electronic giant plans to double its manufacturing capacity through the project.
- RBI to capitalise on low inflation expectations, cut repo rate to 6% in early 2017, finds Reuters poll: According to the survey, GDP growth is expected at 7.7% in the 2016-'17 financial year and at 7.8% the following year.
- Netflix shares soar 20% after subscription multiplies in the third quarter: The television service firm's revenue also surged 31.7% to reach $2.29 billion.
- Supreme Court directs Parsvnath Developers to refund Rs 22 crore to home-buyers: It said the interest component and compensation for the delay in handing out the flats will be dealt with at a later stage.
- Cabinet likely to consider presenting Union Budget on February 1 at a meeting this week: The Election Commission has given its assent to rescheduling the session by a month so it does not coincide with the Assembly elections in Uttar Pradesh, Manipur, Punjab. Manipur and Goa.
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